Airports Authority Of India Motor Insurance Renewal for 01 Truck & Chassis at Chennai, Tamil Nadu 2026 OD+TP Coverage
Bid Publish Date
06-Oct-2026, 7:14 pm
Bid End Date
16-Oct-2026, 8:00 pm
Value
₹1,28,802
Location
Progress
Tender Overview
The Airports Authority Of India invites bids for Renewal of Comprehensive Motor Insurance (OD+TP) for 01 Truck & Chassis Integrated with Runway Rubber Removal Machine (RRM) with Paint Marking Removal Head at Chennai Airport, Tamil Nadu. The policy term runs for 1 year from 25.10.2026 to 24.10.2027 with an estimated cost of ₹1,28,802.00. Eligible bidders must be IRDAI registered PSU insurance companies or their branch offices; insurance agents/brokers/intermediaries are not permitted. The scope covers both own damages and third-party liability, including Legal Liability to Driver & Cleaner. This is a targeted renewal, focused on a single vehicle with specific registration TN 22 EH 8274.
Technical Specifications & Requirements
- Policy type: Renewal of Comprehensive Motor Insurance covering OD+TP for 01 vehicle
- Vehicle details: Truck & Chassis Integrated with Runway Rubber Removal Machine; registration TN 22 EH 8274
- Coverage period: 25.10.2026 to 24.10.2027
- Insurer eligibility: IRDAI registered PSU insurer or branch office; no intermediaries allowed to participate
- Value reference: Estimated contract value ₹1,28,802.00; includes Legal Liability to Driver & Cleaner
- Bid submission requirement: Upload required certificates/Documents as per Bid Document/ATC/Corrigendum; ensure compliance
Terms, Conditions & Eligibility
- SOW: Renewal of Comprehensive Motor Insurance (OD+TP) for 01 truck at Chennai Airport under AAI
- Eligibility: IRDAI registered PSU insurer or branch; no agents/brokers
- Scope of coverage: OD+TP with Legal Liability to Driver & Cleaner
- Documentation: Upload all certificates as per ATC and Corrigendum
- Payment terms: Not specified in summary; bidders must follow AAI terms in the bid document
- Penalties/QA: Compliance with bid terms; ensure vehicle-specific coverage and renewal terms
- Delivery/activation: Policy effective upon renewal for the 12-month period starting 25 Oct 2026
Key Specifications
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Vehicle: 01 No. Truck & Chassis Integrated with Runway Rubber Removal Machine (RRM) with Paint Marking Removal Head
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Registration: TN 22 EH 8274
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Policy: Comprehensive Motor Insurance with OD (Owner's Damage) + TP (Third-Party) cover
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Period: 12 months from 25.10.2026 to 24.10.2027
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Beneficiary: Airports Authority Of India, Chennai Airport
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- Insurer must be IRDAI-registered PSU insurer or their branch offices; no intermediaries
Terms & Conditions
-
OD+TP coverage for a single vehicle renewal at Chennai Airport
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Insurer must be IRDAI registered PSU; brokers not allowed
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Policy period clearly defined as 25 Oct 2026 to 24 Oct 2027
Important Clauses
Payment Terms
Not specified in provided data; follow bid document terms and conditions for payment processing by AAI
Delivery Schedule
Policy renewal effective from 25.10.2026 for 12 months; renewal activation on date of policy issuance
Penalties/Liquidated Damages
Not detailed in available data; refer to ATC for penalties, if any, on non-compliance or late renewal
Bidder Eligibility
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IRDAI registered PSU insurer or their branch offices
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No participation by insurance agents/brokers/intermediaries
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Experience in renewing motor insurance policies for commercial vehicles
Tender Data
Bid Details
Quantity
1
Bid Type
Two Packet Bid
Bid Validity
60 (Days)
Bid Type
Service
Evaluation
Total value wise evaluation
Tech Clarification Time
2 Days
Preference & Exemptions
EMD Required
No
MII Compliance
Yes
MSE Purchase Preference
Yes
MSE Preference Band
L1+15%
MSE Exemption/Relaxation
No
Startup Exemption/Relaxation
No
Bid Splitting Applied
No
Requirements
Arbitration Clause
No
Mediation Clause
No
Additional Tender Data
Commercial Details
Tender Category
Service
Bid To RA
No
Bid To RA Enabled
No
Item Category
Motor Insurance Service - 01 No Truck & Chassis Integrated with Runway Rubber Removal Machine (RRM) with Paint Marking Removal Head; As per AAI Bid Document
Payment Timelines
Payments shall be made to the Seller within 10 days of issue of service delivery acceptance certificate (SDAC) and on-line submission of bills (This is in supersession of 10 days time as provided in clause 12 of GeM GTC)
Delivery Details
Delivery Locations
1
Delivery Cities
Chennai
Delivery Pincodes
600016
Delivery Locations
| Consignee | Address | City | State | Pincode | Quantity | Delivery Days | Additional Requirement |
|---|---|---|---|---|---|---|---|
| Vishal Kumar | 600016,Operational Offices, Airports Authority of India, Chennai International Airport | Chennai | Tamil Nadu | 600016 | Project / Lumpsum Based | - | Number of vehicles to be insured : 1 Total Sum Insured : 28699874 |
Authority Records
BID & GeM Expert Consultancy
End-to-end support — bid preparation, GeM registration, document filing & compliance by industry experts.
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Documents 6
GeM-Bidding-9993920.pdf
Main Document
Other Documents
OTHER
Other Documents
OTHER
Other Documents
OTHER
GEM General Terms and Conditions Document
GEM_GENERAL_TERMS_AND_CONDITIONS
GEM General Terms and Conditions Document
GEM_GENERAL_TERMS_AND_CONDITIONS
Corrigendum Updates
1 Update Update
Extended Deadline
16-Oct-2026, 2:30 pm
Opening Date
17-Oct-2026, 2:30 pm
Categories
7
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Required Documents
GST registration certificate
PAN card
Experience certificates (similar motor insurance renewals)
Financial statements or solvency documents (as required by ATC)
EMD/Security deposit if mandated (not specified; include as per ATC)
Technical bid documents confirming OD+TP coverage
IRDAI registered PSU insurer certificate or branch office authorization
OEM/insurance company authorization documents (if applicable)
Frequently Asked Questions
Key insights about TAMIL NADU tender market
How to bid for Chennai motor insurance renewal with OD+TP coverage?
Bidders must be IRDAI registered PSU insurers or branches, submit all required certificates, and confirm OD+TP coverage for 01 vehicle (TN 22 EH 8274) for the period 25.10.2026 to 24.10.2027. Ensure no broker participation and upload ATC-compliant documents with the bid.
What documents are required for the AAI motor insurance renewal bid?
Submit GST certificate, PAN, IRDAI registration proof, financial statements, experience certificates for similar renewals, EMD if mandated, and technical bid documents confirming OD+TP coverage; ensure OEM/branch authorization if applicable and upload as per ATC.
What are the policy period and vehicle details for the Chennai renewal?
The policy period runs from 25 October 2026 to 24 October 2027. Vehicle is 01 No. Truck & Chassis Integrated with Runway Rubber Removal Machine, registration TN 22 EH 8274; coverage includes OD and TP with Legal Liability to Driver & Cleaner.
Which insurers are eligible to quote for this AAI renewal?
Only IRDAI registered PSU insurers or their branch offices may quote; participation by insurance agents or brokers is not allowed; ensure identity and authorization documents are current and valid.
What is the estimated contract value for the renewal?
The estimated value of the renewal is ₹1,28,802.00; bidders should align their premium quote to or below this value while meeting OD+TP coverage requirements and statutory terms.
What standards or certifications must be included in the bid submission?
Include IRDAI registration proof, PSU insurer status, GST and PAN, and any relevant motor insurance renewal certifications; ensure compliance with bid document ATC and corrigenda and attach all required certificates.
How is the Legal Liability to Driver & Cleaner covered in this renewal?
The policy includes Legal Liability to Driver & Cleaner as part of OD+TP coverage; bidders must confirm this within the policy terms and ensure the coverage aligns with AAI requirements for Chennai Airport vehicle operations.
What are the submission constraints regarding intermediaries in this bid?
Intermediaries such as brokers and agents are explicitly not allowed to participate in the GeM bid; bidders must provide direct IRDAI PSU insurer credentials and related documents to qualify.