TenderDekho Logo
GEM

Department Of Industries & Commerce Assam Assets Insurance Tender 2026 All Risk Policy Property Damage Business Interruption 2026

Bid Publish Date

21-Feb-2026, 12:53 pm

Bid End Date

09-Mar-2026, 1:00 pm

Value

₹4,66,89,404

Location

DIBRUGARH , ASSAM

Progress

Issue21-Feb-2026, 12:53 pm
AwardPending
Explore all 4 tabs to view complete tender details

Quantity

3

Bid Type

Two Packet Bid

Categories 2

INSURANCE SERVICE MACHINERY

Tender Overview

The Department Of Industries & Commerce Assam invites bids for an Assets Insurance Service package including All Risk Policy, Property Damage Cover, Business Interruption (Loss of Profit) Cover, Machinery Breakdown (MBD) Cover, and optional inclusions like Standalone Terrorism Policy and Public Liability Industrial Policy. The procurement aims to cover assets under an integrated risk policy with an estimated value of ₹46,689,405. The scope references an attached Scope of Work and terms, with the buyer reserving a 25% adjustment window for contract quantity or duration during issue. No detailed BOQ items are listed, indicating a comprehensive, umbrella insurance solution rather than itemized hardware. This tender aligns with Assam’s government procurement for risk transfer and asset protection in the industrial sector.

Technical Specifications & Requirements

  • Organizing body: Department Of Industries & Commerce Assam
  • Policy types: All Risk, Property Damage, Business Interruption (Loss of Profit), Machinery Breakdown, Standalone Terrorism Policy (optional), Public Liability Industrial Policy (optional)
  • Estimated contract value: ₹46,689,405
  • Scope reference: attached Scope Of Work (SOW); exact wordings are in the file; no itemized BOQ available
  • Delivery/implementation: insurance policy activation post-award; policy term likely aligned with the standard retail/industrial insurance cycle (not explicitly stated)
  • Special clause: 25% contract quantity/duration flex allowed pre- and post-issuance
  • Documentation: bidders must review the attached SOW for coverage specifics and inclusions

Terms, Conditions & Eligibility

  • EMD details: not disclosed in the summary; verify in tender documents
  • Scope of work: comprehensive multi-policy framework; optional coverages may be invoked
  • Quantity flexibility: up to 25% adjustment permitted; bidders must accept revised scope
  • Delivery timeline: not explicitly stated; policy activation follows contract award
  • Payment terms: not specified here; refer to tender terms and conditions
  • Attachments: Scope of Work file attachment referenced; bidders should review for coverage limits, exclusions, and claim procedures

Key Specifications

  • Asset insurance service package including All Risk Policy and multiple coverages

  • Estimated value: ₹46,689,405

  • Optional covers: Standalone Terrorism Policy and Public Liability Industrial Policy

  • Scope references an attached Scope Of Work (SOW); no explicit BOQ items

  • Contract quantity/duration may be revised up to 25% at issue and post-issuance

  • Delivery/activation tied to policy issuance; exact terms in SOW

Terms & Conditions

  • Enable 25% quantity/duration variation at contract issue and post-issuance

  • Review attached Scope Of Work (SOW) for coverage specifics and exclusions

  • Activation of insurance policy upon award; adhere to standard insurance terms

Important Clauses

Payment Terms

Not specified in summary; refer to detailed tender terms and conditions for premium payment schedule and claim handling

Delivery Schedule

Policy activation is contingent on contract award; exact activation timeline to be defined in SOW

Penalties/Liquidated Damages

Not detailed in summary; check tender terms for late premium payments or non-performance penalties

Bidder Eligibility

  • Eligibility criterion 1

  • Eligibility criterion 2

  • Eligibility criterion 3

Documents 6

GeM-Bidding-9023641.pdf

Main Document

Other Documents

OTHER

Other Documents

OTHER

Other Documents

OTHER

Other Documents

OTHER

GEM General Terms and Conditions Document

GEM_GENERAL_TERMS_AND_CONDITIONS

Past Similar Tenders (Historical Results)

5 found

Assets Insurance Service - All Risk Policy; Standard Fire & Special Perils Cover, Business Interrup

Oil And Natural Gas Corporation Limited

AHMEDABAD, GUJARAT

Posted: 3 September 2025
Closed: 22 September 2025
GEM

Assets Insurance Service - All Risk Policy and Transit Insurance and other add ons as mentioned in

Power Grid Corporation Of India Limited

VADODARA, GUJARAT

Posted: 21 January 2025
Closed: 13 February 2025
GEM

Assets Insurance Service - All Risk Policy, Fire Insurance, Terrorism Insurance; Property Damage Co

Punjab And Sind Bank

SOUTH DELHI, DELHI

Posted: 13 October 2025
Closed: 29 October 2025
GEM

Assets Insurance Service - All Risk Policy, Industrial All Risk Policy; Property Damage Cover, Stan

Nhdc Limited

BHOPAL, MADHYA PRADESH

Posted: 23 December 2024
Closed: 13 January 2025
GEM

Assets Insurance Service - All Risk Policy; Property Damage Cover, Standard Fire & Special Perils C

Institute For Design Of Electrical Measuring Instruments

MUMBAI, MAHARASHTRA

Posted: 28 March 2025
Closed: 7 April 2025
GEM

🤖 AI-Powered Bidder Prediction

Discover companies most likely to bid on this tender

Live AI
Historical Data

Required Documents

1

GST registration certificate

2

Permanent Account Number (PAN) card

3

Experience certificates related to asset insurance or risk management

4

Financial statements or turnover documentation (if requested in T&Cs)

5

EMD submission proof (amount and mode per tender terms)

6

Technical bid documents and compliance statements

7

OEM authorizations or broker/insurance intermediary licenses (if applicable)

8

Any existing policy documents or endorsements relevant to similar risk cover

Frequently Asked Questions

Key insights about ASSAM tender market

How to bid for assets insurance tender in Assam 2026?

Bidders must submit GST, PAN, experience certificates, and financial documents, along with EMD as per tender terms. Review the Scope Of Work (SOW) attachment for coverages like All Risk, Property Damage, BI, MBD, and optional terrorism/public liability. Ensure policy terms meet state requirements and approved limits.

What documents are required for Assam insurance procurement bid 2026?

Required documents include GST certificate, PAN, experience certificates in asset insurance, financial statements, EMD proof, technical bid, and OEM authorizations if applicable. Review SOW for any additional endorsements or broker licenses needed to participate.

What are the key insurance coverages in the Assam tender 2026?

Coverages include All Risk Policy, Property Damage, Business Interruption (Loss of Profit), Machinery Breakdown, with optional Standalone Terrorism Policy and Public Liability Industrial Policy; components may be consolidated under a single policy per the SOW.

When is the activation of the insurance policy after award in Assam?

Policy activation occurs post-award as per tender terms; the exact activation date will be defined in the Scope of Work and standard state procurement timelines. Prepare to mobilize underwriting and policy issuance immediately upon contract finalization.

What are the EMD requirements for Assam insurance tender 2026?

EMD details are not disclosed in the summary; bidders should check the tender documents for the exact amount, mode (DD/online), and validity period, ensuring compliance to the specified EMD submission process.

What is the 25% variation clause in the Assam insurance tender?

The buyer may increase or decrease contract quantity or duration up to 25% at contract issue and post-issuance; bidders must accept revised scope within this limit and adjust premiums accordingly while maintaining coverage continuity.

What standards or compliance are required for Assam asset insurance bid?

Bidders should comply with state insurance regulations, provide required endorsements in the SOW, and include any OEM authorizations or broker licensing. Exact compliance standards will be detailed in the SOW attachment and tender terms.

How to verify Scope Of Work (SOW) details for this bid in Assam?

Access and thoroughly review the attached SOW file referenced in the tender. It contains coverage limits, policy term guidance, claim procedures, exclusions, and any special endorsements that must be incorporated into the bid.

Similar Tenders

2 found
Urgent

Assets Insurance Service - Fire Insurance; MBD (Machinery breakdown) Cover, Theft/Burglary Cover, S

Bharat Earth Movers Limited (beml)

📍 BANGALORE, KARNATAKA

⏰ Deadline: 4 days left
🛒 Type: Service
View GEM
Urgent

Assets Insurance Service - All Risk Policy; Theft/Burglary Cover, Earthquake Cover, Terrorism Cover

Power Finance Corporation Limited

📍 CHENNAI, TAMIL NADU

Est: ₹13,924
⏰ Deadline: 1 day left
🛒 Type: Service
View GEM