Department Of Agriculture And Bio Technology Raipur Assets Insurance Tender 2026 STFI Cover Fire Money Theft & Property Damage
Bid Publish Date
02-Sep-2026, 12:41 pm
Bid End Date
23-Sep-2026, 1:00 pm
Value
₹5,00,000
Location
Progress
Tender Overview
The opportunity is issued by the Department Of Agriculture And Bio Technology in RAIPUR, CHHATTISGARH for an all-risk assets insurance policy. The scope encompasses Money Insurance, Fire Insurance, Theft/Burglary, Property Damage, and STFI (Storm, Typhoon, Hurricane, Tornado, Flood/Inundation) Cover with an estimated value of ₹500,000. The contract allows a quantity/duration variation up to 25% and may extend the scope with the service provider’s consent. With no BOQ items, bidders should focus on insurance service capabilities, risk coverage breadth, and policy terms. Unique aspects include optional STFI coverage and the possibility of contract variation post-award. The tender emphasizes certificate uploads per ATC and Corrigendum requirements. This is a procurement of an insurance policy rather than a goods or works contract, targeting risk transfer for government assets.
Technical Specifications & Requirements
- Product category: All-risk assets insurance covering money, fire, theft/burglary, property damage, STFI and optional extensions
- Estimated value: ₹500000.00; no physical BOM, risk assessment, or schedule of insured assets published
- Standards/certifications: Not specified in the public data; bidders should ensure compliance with insurance regulator norms and standard policy wording
- Delivery/coverage scope: Insurance policy issuance for department assets in RAIPUR area; terms to be finalized in contract
- Experience: Demonstrated ability to underwrite government asset risks and provide comprehensive disaster risk coverage; specific policy wordings to be clarified in final bid
- EMD/Performance: Not disclosed; bidders should prepare standard bid security per ATC if requested
Terms, Conditions & Eligibility
- EMD: Not disclosed in the provided data; bidders should verify during bid submission
- Quantity/Duration variation: Up to 25% increase or decrease allowed at contract issue and after
- Documentation: Mandatory upload of certificates/documents as per Bid Document, ATC, Corrigendum
- Delivery terms: Insurance policy issuance upon contract award with defined coverage period
- Payment terms: Not specified in the data; typical government insurance payouts follow policy terms and claim processing timelines
- Warranty/Support: Not specified; typical claims handling and risk management support expected
- Special clauses: Insurance policy terms, coverage inclusions/exclusions, and premium adjustments to be finalized in contract
Key Specifications
-
Product/service names and categories: All-risk assets insurance including Money, Fire, Theft/Burglary, Property Damage, STFI cover
-
Quantities/values: Estimated value ₹500,000.00
-
EMD/estimated value: Not specified in data; bidders to verify
-
Experience: Demonstrated ability to underwrite government asset risk and provide disaster risk coverage
-
Quality/standards: Compliance with relevant insurance regulations and standard policy terms
Terms & Conditions
-
Key Term 1: Quantity/duration can be adjusted by up to 25% at contract issue and post-award
-
Key Term 2: Mandatory certificate/document uploads as per ATC/Corrigendum
-
Key Term 3: Insurance policy scope includes STFI cover and optional extensions
Important Clauses
Payment Terms
Not explicitly specified; standard government insurance payments follow policy premium terms and claim settlements per contract
Delivery Schedule
Policy issuance upon contract award with defined coverage period; exact dates to be aligned in final contract
Penalties/Liquidated Damages
Not disclosed in data; will be defined in the contract and ATC/Corrigendum
Bidder Eligibility
-
Underwriter or insurer capable of government asset risk coverage
-
Compliance with relevant insurance regulatory norms
-
Ability to issue comprehensive all-risk policy for government departments in Raipur
Tender Data
Bid Details
Quantity
1
Bid Type
Two Packet Bid
Bid Validity
120 (Days)
Bid Type
Service
Evaluation
Total value wise evaluation
Tech Clarification Time
3 Days
Preference & Exemptions
EMD Required
No
MII Compliance
Yes
MSE Purchase Preference
No
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
Assets Insurance Service - All Risk Policy, Money Insurance, Fire Insurance; Theft/Burglary Cover, Property Damage Cover, Storm, Typhoon, Hurricane, Tornado, Flood and Inundation (STFI) Cover; Optional
Payment Timelines
Payments shall be made to the Seller within 45 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
G.E. ROAD RAVIGRAM TELIBANDHA
Delivery Pincodes
492006
Delivery Locations
| Consignee | Address | City | State | Pincode | Quantity | Delivery Days | Additional Requirement |
|---|---|---|---|---|---|---|---|
| Rakesh Kumar Chandravanshi | 492006,G.E. ROAD RAVIGRAM TELIBANDHA | G.E. ROAD RAVIGRAM TELIBANDHA | - | 492006 | Project / Lumpsum Based | - | Total Number of Asset to be Insured (Quantity) : 7 Total Sum Insured for the Assets : 295.25 |
Authority Records
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Documents 6
GeM-Bidding-9835790.pdf
Main Document
Other Documents
OTHER
Other Documents
OTHER
Buyer uploaded ATC document
ATC
GEM General Terms and Conditions Document
GEM_GENERAL_TERMS_AND_CONDITIONS
GEM General Terms and Conditions Document
GEM_GENERAL_TERMS_AND_CONDITIONS
Categories
1
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Required Documents
GST registration certificate
PAN card
Experience certificates in insurance underwriting
Financial statements or turnover proof
EMD/Security deposit (as per ATC/Corrigendum)
Technical bid documents and policy sample/wording
OEM/insurer authorization (if applicable)
Certificate of registration under applicable insurance regulations
Any other certificates sought in Bid Document/ATC
Frequently Asked Questions
Key insights about CHHATTISGARH tender market
How to bid for assets insurance tender in Raipur 2026?
B bidders must upload all required certificates and documents, including GST, PAN, and experience certificates, and ensure compliance with ATC. The 25% scope variation clause allows contract quantity or duration adjustments; ensure policy terms cover Money, Fire, Theft, and STFI.
What documents are required for Raipur insurance tender submission?
Submit GST registration, PAN, financial statements, experience certificates in insurance underwriting, policy sample documents, and EMD documents per ATC. Ensure OEM authorizations if applicable and compliance certificates with insurance regulations for government assets.
What are the technical specifications for this insurance tender?
The specification requires an all-risk policy covering Money, Fire, Theft, Property Damage, and STFI with optional extensions. The estimated value is ₹500,000, and the policy must be issued for the Department of Agriculture and Bio Technology in Raipur. No exact ISO/IS codes are listed publicly.
What is the EMD amount for this Raipur tender?
The EMD amount is not disclosed in the public data. Bidders should verify during bid submission and prepare the requisite security deposit as per the ATC and Corrigendum. Ensure readiness to provide refundable or adjustable EMD as specified.
When is the contract variation allowed for this insurance tender?
Under the 25% option clause, the buyer may increase or decrease contract quantity or duration up to 25% at contract issue and post-award, subject to consent for scope changes in lumpsum contracts.
What coverage does STFI include in this Raipur tender?
STFI coverage includes Storm, Typhoon, Hurricane, Tornado, Flood and Inundation, with the possibility of optional inclusion in the policy. Confirm the exact inclusions, sub-limits, and exclusions during final contract negotiations.
What are the delivery/issuance requirements for the insurance policy?
Policy issuance is tied to contract award with a defined coverage period. Final terms, premium calculation, and claim processing timelines will be specified in the contract and ATC; ensure readiness to provide policy wordings and regulator-compliant documentation.
Which organization is advertising this insurance procurement in Raipur 2026?
The tender is issued by the Department Of Agriculture And Bio Technology for assets insurance in RAIPUR, CHHATTISGARH. Bidder suitability requires government risk underwriting capability and compliance with relevant insurance regulations.