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Kiocl Limited Insurance Services Tender Bangalore Karnataka Assets Marine Transit Insurance 2025

Bid Publish Date

26-Dec-2025, 5:18 pm

Bid End Date

19-Jan-2026, 2:00 pm

EMD

₹2,35,000

Location

BANGALORE , KARNATAKA

Progress

Issue26-Dec-2025, 5:18 pm
AwardPending
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Quantity

2

Bid Type

Two Packet Bid

Key Highlights

  • • Integrity Pact submission is mandatory for all bidders
  • • Office of Service Provider must be located in Karnataka (consignee state)
  • • Option Clause allows +/- 25% change in contract quantity or duration
  • • EMD amount of ₹235,000 required
  • • Scope includes assets, marine, and transit insurance under AS PER SCOPE OF WORK
  • • No BOQ items available; focus on insurance coverage terms and service delivery
  • • Bidder must meet documentation requirements and certificate submissions

Categories 2

CONTRACT OF TRANSPORTATION INSURANCE SERVICE

Tender Overview

Kiocl Limited, based in Bengaluru, Karnataka, seeks bids for comprehensive assets insurance services including marine and transit insurance under the scope of work. The procurement covers assets and transit risk management with an EMD of ₹235,000. The contract allows a flexible 25% change in quantity or duration, either pre- or post-issuance, ensuring adaptability to project needs. An Integrity Pact must be uploaded, and the bidder must maintain a Karnataka-based service office to satisfy local presence requirements. This tender emphasizes compliance, timely service support, and a robust risk-transfer framework as part of Kiocl’s risk management strategy.

Technical Specifications & Requirements

  • EMD: ₹235,000 (Demand draft/online transfer per tender terms)
  • Scope: Assets Insurance, including Marine and Transit Insurance as per scope of work
  • Location requirement: Service provider office located within the consignee state (Karnataka) with documentary evidence
  • Contract flexibility: Optional 25% increase/decrease in quantity or duration at contract issue; post-issuance amendments capped at 25%
  • Compliance: Upload signed Integrity Pact as per buyer policy; ensure all certificates/document requirements are met to avoid rejection
  • This tender emphasizes organizational integrity, local service presence, and adaptable coverage for asset risks during transit and in storage

Terms, Conditions & Eligibility

  • Integrity Pact mandatory; upload scanned copy with bid submission
  • Option Clause: quantity/duration can vary up to 25%; bidders must accept revised terms
  • Office requirement: Service provider must have a Karnataka presence; documentary proof required
  • Documentation: All certificates and required documents must be uploaded; missing documents lead to rejection
  • Bidders should be prepared to demonstrate compliance with the stated scope and service levels; no BOQ items are listed herein, focusing on insurance coverage and service continuity

Key Specifications

    • EMD amount: ₹235,000
    • Scope: Assets Insurance including Marine and Transit Insurance as per scope of work
    • Location requirement: Service provider office in the consignee state (Karnataka) with documentary evidence
    • Contract flexibility: Ability to adjust contract quantity or duration up to 25%
    • Compliance: Upload Integrity Pact with bid submission

Terms & Conditions

  • Integrity Pact is mandatory and must be uploaded with bid

  • EMD of ₹235,000 is required for bid security

  • Karnataka-based service office required for eligibility

  • 25% contract quantity/duration adjustment allowed

  • No BOQ items listed; focus on insurance coverage scope and service levels

Important Clauses

Integrity Pact Compliance

Bidder must upload signed Integrity Pact as per buyer policy; non-compliance leads to bid rejection.

Option Clause

Buyer may alter contract quantity or duration by up to 25% at issuance; post-issuance changes also capped at 25%.

Service Provider Presence

Office of Service Provider must be located within Karnataka; documentary evidence required.

Bidder Eligibility

  • Must submit signed Integrity Pact and all certificates required by terms

  • Demonstrate Karnataka-based service office presence with documentary proof

  • Provide financial and experience credentials for insurance services (assets/marine/transit)

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Required Documents

1

GST registration certificate

2

Permanent Account Number (PAN) card

3

Company profile and registration certificates

4

Experience certificates in providing insurance services (assets/marine/transit)

5

Financial statements (audited) for the last 2-3 years

6

EMD submission proof (₹235,000) via DD or online payment

7

Signed Integrity Pact (as per buyer policy) uploaded

8

Any required OEM or underwriting partner authorizations (if applicable)

Frequently Asked Questions

Key insights about KARNATAKA tender market

How to bid for Kiocl insurance tender in Bangalore Karnataka 2025

To bid for Kiocl Limited insurance services in Bangalore, prepare an EMD of ₹235,000, sign and upload the Integrity Pact, and document Karnataka-based service presence. Include assets, marine, and transit insurance scope as per the ATC. Ensure GST, PAN, financial statements, and experience credentials are included with bid submission.

What documents are required for Kiocl insurance procurement Bangalore

Required documents include GST registration, PAN card, company registration, audited financials, experience certificates for insurance services, EMD proof of ₹235,000, and the signed Integrity Pact. Also provide documentary evidence of a Karnataka service office and any underwriting or OEM authorizations if applicable.

What are the eligibility criteria for insurance services tender 2025

Eligibility includes signing the Integrity Pact, maintaining a Karnataka-based service office, submitting necessary financial and experience credentials, and providing proof of EMD. Bidder must demonstrate capacity to handle assets, marine, and transit insurance under the scope of work with compliant documentation.

What is the contract percentage adjustment allowed in this tender

The contract allows an option clause to adjust quantity or duration by up to 25% at the time of issue, and a maximum of 25% post-issuance. Bidders must accept revised terms if such adjustments occur during execution.

What is the geographic requirement for Kiocl insurance service providers

The bidder must establish an office in Karnataka (consignee state) with documentary evidence. This local presence is essential for eligibility and to ensure timely support for assets, marine, and transit insurance services.

What is the required EMD amount for this procurement

The EMD is ₹235,000. Bid security can be submitted via demand draft or online payment as per bid documents, and it is required to participate in the Kiocl Limited insurance services tender.

What are the primary scope items in this insurance tender

Scope covers assets insurance plus marine and transit insurance as per scope of work. Bidders should detail coverage terms, risk transfer, claim handling, and service levels aligned with Kiocl’s risk management objectives.

How to ensure compliance with the Integrity Pact in this bid

Download and sign the Integrity Pact, then upload the scanned copy with the bid. Ensure no conflicts of interest, transparent pricing, and adherence to procurement ethics, as non-compliance results in bid rejection.