Indian Rubber Manufactures Research Association Fire & Burglary Insurance Tender 2026 Jaipur - Standard Fire & Special Perils, Theft Cover

Tender Overview

Organization: Indian Rubber Manufactures Research Association (IRMRA) under the Department for Promotion of Industry & Internal Trade. Service category: Assets Insurance Service covering Standard Fire & Special Perils and Theft/Burglary, with optional extensions. Estimated value: ₹200,000. No BOQ items listed; asset list to determine total insured assets. Location: India (specific city not provided). The tender requires a single comprehensive property and casualty insurance solution for insured assets; the prime differentiator is the composite cover inclusive of fire, burglary, and theft with optional add-ons. The contract emphasizes advance premium payment and inclusion of the entire premium in the quoted amount.

Technical Specifications & Requirements

• Product/Service: Fire and burglary insurance for assets as per provided asset list; standard fire & special perils with theft/burglary cover; optional enhancements available per policy terms.
• Coverage specifics: Standard Fire & Special Perils; Theft/Burglary; Premium must be inclusive of all coverages; advance payment required.
• Eligibility context: Agents or brokers may participate through their insurance company; no separate BOQ items to quantify; asset list governs insured scope.
• Key expectations: Ensure insurance meets statutory and organizational risk management requirements; provide policy wordings, coverage limits, deductibles, and claim settlement process.
• Standards & compliance: Align with insurer’s standard policy formats and IRMRA risk management guidelines; provide certificate of insurance and policy documents upon award.

Terms, Conditions & Eligibility

• EMD: Not specified in available data.
• Payment terms: Advance payment; premium amount inclusive for fire and burglary.
• Contract adjustment: Buyer may increase or decrease contract quantity/duration up to 50 percent during tender and after contract award.
• Participation: Agents or brokers allowed to participate via their insurance company.
• Documentation: Asset list must be used to determine insured entities; submit standard insurance policy documents and endorsements upon award.