Assets Insurance Service - As per tender document attached; Property Damage Cover, Standard Fire &
National Seeds Corporation Limited (nsc)
CENTRAL DELHI, DELHI
Posted:
27 June 2025
Closed:
8 July 2025
GEM
GEM
National Seeds Corporation Limited Insurance Services Tender Central Delhi Property Damage Fire & STFI Cover 2026
Bid Publish Date
14-Jul-2026, 12:51 pm
Bid End Date
17-Jul-2026, 4:00 pm
Value
₹60,00,000
Location
Progress
Issue14-Jul-2026, 12:51 pm
AwardPending
Quantity
1
Bid Type
Two Packet Bid
Key Highlights
- • Brand/organization requirement: National Seeds Corporation Limited (NSC) asset insurance coverage
- • Technical standards: IRDAI-licensed insurer expected; no explicit IS/ISO requirements listed
- • Special clauses: 25% variation in quantity or duration at contract issue and ongoing
- • Eligibility: IRDAI license, corporate asset insurance experience preferred
- • Warranty/AMC: Not specified in tender data
- • Penalties: Not explicitly stated; rely on standard insurance contract terms
- • Delivery/installation: Insurance policy issuance timeline not specified
- • Delivery location: Central Delhi, Delhi 110002
- • Security/EMD: EMD amount not disclosed in tender data
- • Scope: Property Damage, Fire & STFI, Earthquake, Theft/Burglary coverage
Categories
1
Tender Overview
National Seeds Corporation Limited invites bids for Insurance Services covering Property Damage, Standard Fire & Special Perils (STFI), Storm, Typhoon, Hurricane, Tornado, Flood and Inundation, Earthquake, Theft/Burglary. Estimated value: ₹6,000,000 in CENTRAL DELHI, DELHI. Tender scope focuses on comprehensive asset insurance for government assets under the Department of Agriculture and Farmers Welfare. Unique aspects include a broad peril coverage package and the potential purchase of risk mitigation through bundled insurance. Bidders should note the absence of BOQ items and a single consolidated insurance contract scenario.
Technical Specifications & Requirements
- Organization: National Seeds Corporation Limited (NSC), Government of India
- Location: Central Delhi, Delhi (110002)
- Category: Assets Insurance Service (Property Damage, Fire & STFI, Earthquake, Theft/Burglary, related perils)
- Estimated value: ₹6,000,000; No BOQ items listed
- Service scope: Comprehensive insurance package for organization assets; no detailed technical specs provided
- Standards/Compliance: Not explicitly specified in the tender data; bidders should assume standard insurance underwriting requirements and IRDAI-licensed providers
- Key differentiator: Broad peril coverage within a single contract; potential 25% variation per ATC terms
Terms, Conditions & Eligibility
- EMD status: Not disclosed in the tender data
- Delivery/implementation timeline: Not specified
- Payment terms: Not specified in the provided terms
- Experience: Preference for insurers with IRDAI license and prior corporate asset insurance experience
- Documentation: Submit typical bid documents including GST, PAN, financials, experience certificates, and insurance licenses
- ATC clause: 25% quantity/contract duration variation possible at issuance and post-issuance
- Warranty/penalties: No explicit penalty or warranty terms stated in the data
Key Specifications
-
Estimated contract value: ₹6,000,000
-
Coverage categories: Property Damage, Standard Fire & Special Perils (STFI), Storm/Typhoon/Hurricane/Tornado/Flood, Inundation, Earthquake, Theft/Burglary
-
Delivery/location: Central Delhi, Delhi 110002
-
BOQ: 0 items listed; no itemized quantities
-
EMD: Not disclosed; verify in final ATC
Terms & Conditions
-
25% contract quantity/duration variation permitted at contract issue and post-issuance
-
Lumpsum-based variation: up to 25% scope/value change with service provider consent
-
ATC content uploaded separately; bidders should review for final requirements
Important Clauses
Payment Terms
Not explicitly specified in the tender; bidders should await final ATC for indicative payment schedule and milestones.
Delivery Schedule
No explicit timeline; contract award likely followed by policy issuance; confirm delivery/activation dates in ATC.
Penalties/Liquidated Damages
No LDs described in the available data; final terms may be stated in ATC or contract.
Bidder Eligibility
-
IRDAI-licensed insurance provider with corporate asset coverage experience
-
Proven track record in property damage and multi-peril insurance for government or large organizations
-
Financial stability evidence and necessary regulatory registrations (GST, PAN, compliance)
Additional Tender Data
Commercial Details
Tender Category
Service
Bid To RA
No
Bid To RA Enabled
Yes
Item Category
Assets Insurance Service - As per Tender Document; Property Damage Cover, Standard Fire & Special Perils Cover, Storm, Typhoon, Hurricane, Tornado, Flood and Inundation (STFI) Cover, Earthquake Cover, Theft/Burglary Cover, As per Tender Document; Man..
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
West
Delivery Pincodes
110012
Delivery Locations
| Consignee | Address | City | State | Pincode | Quantity | Delivery Days | Additional Requirement |
|---|---|---|---|---|---|---|---|
| Anand Kumar Rawat | 110012,BEEJ BHAWAN, PUSA COMPLEX, NEW DELHI | West | Delhi | 110012 | Project / Lumpsum Based | - | Total Number of Asset to be Insured (Quantity) : 1750 Total Sum Insured for the Assets : 3752600000 |
Authority Records
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Documents 6
GeM-Bidding-9603696.pdf
Main Document
Other Documents
OTHER
Other Documents
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Other Documents
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GEM General Terms and Conditions Document
GEM_GENERAL_TERMS_AND_CONDITIONS
GEM General Terms and Conditions Document
GEM_GENERAL_TERMS_AND_CONDITIONS
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Required Documents
1
GST registration certificate
2
Permanent Account Number (PAN) card
3
Experience certificates in corporate asset insurance
4
Financial statements or solvency certificates
5
EMD/Security deposit documentation (if applicable per final ATC)
6
Technical bid documents demonstrating coverage scope
7
IRDAI license / regulator authorization (insurance providers)
Frequently Asked Questions
Key insights about DELHI tender market
How to bid for NSC insurance services tender in Central Delhi 2026?
Bidders must submit GST, PAN, financial statements, and IRDAI license documents along with experience certificates for corporate asset insurance. The tender targets property damage, STFI, and perils like earthquake/theft. Review ATC for 25% variation rights and finalize with NSC's terms.
What documents are required for NSC insurance tender in Delhi 2026?
Required documents include GST certificate, PAN card, IRDAI license/certification, experience certificates in asset insurance, financial statements, and EMD documentation if applicable. Ensure technical bid demonstrates coverage scope and risk management capabilities.
What coverage is included in NSC asset insurance tender in Delhi?
The scope covers Property Damage, Standard Fire & Special Perils (STFI), Storm/Typhoon/Hurricane/Tornado/Flood, Inundation, Earthquake, and Theft/Burglary. Bid to present policy terms, limits, and risk mitigation aligned with government asset protections.
What are the eligibility criteria for NSC insurance procurement in Delhi?
Eligibility requires an IRDAI-licensed insurer, demonstrable experience in corporate asset insurance, and compliance with GST and PAN requirements. Demonstrate prior government/large-organization policy implementations and financial stability to support risk underwriting.
When is the NSC insurance services bid deadline for Delhi 2026?
Deadline details are not disclosed in the initial data; bidders should monitor the official tender portal and the ATC upload for final submission dates and any extensions, ensuring timely bid preparation.
What are the payment terms for NSC asset insurance contract in Delhi?
Current data does not specify payment terms; bidders must await final ATC. Typical government insurance contracts may include premium payments on policy issuance with possible quarterly or annual settlement; verify exact terms in the awarded contract.
What are the variation rights under ATC for NSC insurance tender?
The ATC allows up to 25% variation in contract quantity or duration at issuance and during execution. For lump-sum services, the scope/value can increase by up to 25% with provider consent, impacting premium calculations and risk assumptions.
What standards are specified for NSC asset insurance procurement in Delhi 2026?
No explicit IS/ISO standards are listed in the tender data. Bidders should ensure compliance with regulatory insurance practices and IRDAI guidelines, and present policy terms that meet government asset risk management expectations.
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Documents 6
GeM-Bidding-9603696.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