GAIL India Limited Insurance Policy for Polymer Stock at 10 CS Warehouses Mumbai Zonal Office Thane Maharashtra 2026
Bid Publish Date
08-Jul-2026, 7:38 pm
Bid End Date
22-Jul-2026, 2:00 pm
Location
Progress
Quantity
1
Similar Category
Assets Insurance Service
Bid Type
Two Packet Bid
Key Highlights
- • Organization: GAIL India Limited, Mumbai Zonal Office, Thane, Maharashtra
- • Service category: Insurance policy/cover for polymer stock across 10 CS Warehouses
- • Location specificity: Thane, Maharashtra with multi-site warehouse coverage
- • Expected capability: Multi-site inventory insurance program management
- • Endorsements/claims: Emphasis on efficient claim settlement and policy amendments
- • ATC/document requirements: Refer to Buyer Added ATC for submission specifics
- • No explicit EMD value in data; validate in ATC
- • Policy activation aligned with warehouse operations and renewal cycles
Categories
2
Tender Overview
GAIL India Limited invites bids for an Insurance Policy/Cover of polymer stock at 10 Consignment (CS) Warehouses under the Mumbai Zonal Office (MZO), located in Thane, Maharashtra. The procurement focuses on comprehensive coverage for inventory stored across multiple locations, with an emphasis on risk transfer, claim handling, and policy administration. The opportunity involves coordinating with the organization to ensure insured value alignment, broker engagement, and compliant documentation. The scope is defined by the need to secure polymer stock against typical storage risks while ensuring seamless claim processes and policy renewals. The bidder should demonstrate capability in handling multi-site insurance programs and risk management for polymer inventories.
Technical Specifications & Requirements
- Product/Service: Insurance policy for polymer stock (inventory risk cover) across 10 CS Warehouses under Mumbai Zonal Office.
- Location/Coverage: Thane, Maharashtra; multi-site warehouse coverage with centralized policy administration.
- Key Deliverables: Policy issuance, risk assessment, premium calculation, renewal management, claims support, and quarterly/annual reporting.
- Compliance/Standards: Insurance industry standards; policy terms to align with statutory requirements; final policy must be issuable by an insurer with appropriate certifications. The tender emphasizes risk transfer efficiency and responsive claim settlement.
- Experience/Capability: Demonstrated ability to manage multi-site insurance programs for bulk inventory and polymer stock; broker or insurer with relevant portfolio across warehouses.
- Additional Considerations: Service levels for documentation, endorsements, and policy amendments; integration with GAIL procurement processes.
Terms, Conditions & Eligibility
- EMD/Bid Security: Not specified in available data (reference ATC documents may clarify).
- Delivery/Implementation Timeline: Policy activation aligned with warehouse operations; renewal and endorsements to be managed within agreed cycles.
- Payment Terms: Not specified in available data; expect standard insurance premium settlement terms per policy.
- Documents: Likely requirements include company credentials, prior experience in multi-site polymer inventory insurance, financial stability, and broker/insurer authorizations per ATC. Prepare GST, PAN, and copyright/brand authorizations if required by ATC.
- Eligibility Criteria: Demonstrated capability in polymer stock insurance for multiple locations and robust claim handling framework.
- Penalties/SLAs: Not specified; ATC may define service levels and response times for endorsements and claims.
- Warranty/Support: Ongoing policy support, endorsement handling, and renewal assurances expected.
Key Specifications
-
Insurance service for polymer stock across 10 CS Warehouses under Mumbai Zonal Office
-
Location: Thane, Maharashtra
-
Policy administration: centralized with multi-site endorsement capability
-
Claims handling: efficient settlement process and defined SLA
-
Documentation: compliance with ATC; brokers/insurers must be licensed
-
Delivery: policy activation aligned with warehouse operations; renewals as per terms
Terms & Conditions
-
Key Term 1: Insurance coverage for polymer stock across 10 CS Warehouses
-
Key Term 2: Multi-site policy administration with endorsements
-
Key Term 3: Compliance with ATC and insurer licensing requirements
Important Clauses
Payment Terms
Payment terms to be defined in ATC; bidders should confirm premium payment schedules and settlement timelines with GAIL
Delivery Schedule
Policy activation upon acceptance; renewal/endorsement cadence per policy term and warehouse needs
Penalties/Liquidated Damages
Penalties to be specified in ATC; expect SLA-based response times for endorsements and claims processing
Bidder Eligibility
-
Experience managing multi-site polymer inventory insurance programs
-
Licensed insurer or authorized broker with relevant portfolio
-
Financial stability evidenced by standard financial statements
Additional Tender Data
Commercial Details
Tender Category
Service
Bid To RA
No
Bid To RA Enabled
No
Item Category
Custom Bid for Services - Insurance Policy/Cover of GAIL Polymer Stock At 10 Consignment (CS) Warehouses Under Mumbai Zonal Office (MZO)
Payment Timelines
Payments shall be made to the Seller within 15 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)
Pre-Bid & Qualification
Pre-Bid Date
15-07-2026 11:00:00
Pre-Bid Venue
Through Microsoft Teams Meeting. Link shared in tender document.
Delivery Details
Delivery Locations
1
Delivery Cities
Thane
Delivery Pincodes
400614
Delivery Locations
| Consignee | Address | City | State | Pincode | Quantity | Delivery Days | Additional Requirement |
|---|---|---|---|---|---|---|---|
| Manoj Kumar Singh | 400614,PLOT NO 73 , ROAD NO. 3 SECTOR 15 CBD BELAPUR, NAVI MUMBAI | Thane | Maharashtra | 400614 | Project / Lumpsum Based | - | - |
Authority Records
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Documents 8
GeM-Bidding-9578871.pdf
Main Document
Other Documents
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Other Documents
OTHER
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
GST registration certificate
Permanent Account Number (PAN) card
Experience certificates for multi-site polymer inventory insurance
Financial statements or proof of financial stability
EMD/Security deposit documents (as per ATC)
Technical bid documents and broker/insurer authorizations
OEM/vendor letters if required by ATC
Any policyholder or insurer licenses and approvals
Frequently Asked Questions
Key insights about MAHARASHTRA tender market
How to bid for polymer stock insurance tender in Thane?
Bidders should submit the required documents listed in the Terms, including GST, PAN, and experience certificates. The ATC may require broker/insurer authorization and financial statements. Ensure alignment with multi-site policy capabilities and indicate claim handling SLA expectations for Mumbai Zonal Office coverage.
What documents are required for GAIL polymer stock insurance bid?
Prepare GST certificate, PAN card, experience certificates for multi-site polymer inventory insurance, financial statements, EMD documents as per ATC, technical bid, and API/broker authorizations if requested. Ensure all documents are current and digitally verifiable.
What are the delivery requirements for insurance coverage in Maharashtra?
Policy activation should coincide with warehouse operations at Thane locations, with endorsements and renewals managed per term. Expect defined SLAs for endorsements, claims processing timelines, and quarterly reporting obligations to GAIL Mumbai Zonal Office.
What standards or certifications are required for this insurance bid?
The tender requires compliance with standard insurance industry practices; ensure licensure for the insurer/broker. While IS or BIS standards are not specified here, confirm regulatory certifications and proper policy documentation per ATC.
How will EMD be handled for this GAIL insurance procurement?
EMD details are not specified in the available data; bidders should refer to the ATC document for exact EMD amount, mode of payment, and validity period required for submission.
What is the scope of coverage for polymer stock at 10 warehouses?
Coverage encompasses stock risk for polymer inventory across 10 CS Warehouses under Mumbai Zonal Office, with centralized policy administration, endorsement handling, and claims support tailored to warehouse operations in Thane, Maharashtra.
Who is eligible to participate in the GAIL insurance tender 2026?
Eligible bidders include insurers or authorized brokers with demonstrated experience in multi-site polymer inventory insurance, and the ability to provide robust claims handling and policy administration across ten locations in Maharashtra.
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Documents 8
GeM-Bidding-9578871.pdf
Main Document
Other Documents
OTHER
Other Documents
OTHER
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