Ref. No.

GeM

AOC

Services

Assets Insurance Service - Mega Risk Insurance, Lumpsum charges for Mega Insurance Policy for one y

SERVICE

High Value

Assets Insurance Service - Mega Risk Insurance

GAIL Mangalore Petrochemicals Limited

Dakshina Kannada, Karnataka

Amount: ₹2.6 CrCloses: 24 Apr 2026Closed

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Timeline

Published31 Mar 2026
Closed24 Apr 2026
Technical Evaluation8 May 2026
Awarded16 Jul 2026

Bids

11 Bids16 Jul 2026

#	Company	Amount	Rank	Status
1	UNITED INDIA INSURANCE COMPANY LIMITED L1₹2.6 CrQualified 102A ARABINDA SARANI 3RD FLOOR KOLKATA 700006 \| KOLKATA \| KOLKATA \| WEST BENGAL \| 700006	₹2.6 Cr	L1	Qualified
2	IFFCO-TOKIO GENERAL INSURANCE COMPANY LIMITED L2₹3.7 Cr+₹1.1 Cr (44.4%)Qualified 1ST FLOOR MINERVA COMPLEX RAI MARKET AMBALA CANTT 133001 HARYANA \| AMBALA CANTT \| AMBALA \| HARYANA \| 133001	₹3.7 Cr+₹1.1 Cr (44.4%)	L2	Qualified
3	BAJAJ GENERAL INSURANCE LIMITED L3₹3.8 Cr+₹1.2 Cr (46.8%)Qualified 2ND FLOOR JMD GALLERIA SOHNA ROAD GURUGRAM GURGAON HARYANA 122002 \| GURUGRAM \| HARYANA \| 122002	₹3.8 Cr+₹1.2 Cr (46.8%)	L3	Qualified
4	NATIONAL INSURANCE COMPANY LIMITED L4₹4.0 Cr+₹1.4 Cr (53.8%)Qualified 3 MIDDLETON STREET MAIDAN METRO STATION KOLKATA WEST BENGAL 700071 \| KOLKATA \| WEST BENGAL \| 700071	₹4.0 Cr+₹1.4 Cr (53.8%)	L4	Qualified
5	THE NEW INDIA ASSURANCE COMPANY LIMITED L5₹4.1 Cr+₹1.5 Cr (57.9%)Qualified 4TH FLOOR SURYA TOWER 108 THE MALL LUDHIANA LUDHIANA PUNJAB 141001 \| LUDHIANA \| PUNJAB \| 141001	₹4.1 Cr+₹1.5 Cr (57.9%)	L5	Qualified

Corrigenda

Corrigendum

5 updatesLatest on 4 May 2026Submission Ends:8 May 2026

Date changes

Submission Ends8 May 2026Bid Opening8 May 2026

Tender Value

₹2.6 Cr

EMD Value

Exempted

Closing Date

24 Apr 2026, 3:00 pmClosed

Work Description

Assets Insurance Service - Mega Risk Insurance

Lumpsum charges for Mega Insurance Policy for one year for sum insured value indicated at SCC and SOW; as per SCC and SOW; Optional

Assets Insurance Service - Lumpsum charges for Statutory Public Liability Insurance Policy for one year for sum insured value indicated at SCC and SOW; as per SCC and SOW; Optional

Liability Insurance Service - Director and Officer liability coverage

Lumpsum charges for Directors and Officers Liability Policy for one year for sum insured value indicated at SCC and SOW

Marine and Transit Insurance Service - Lumpsum charges for Marine Transit Insurance Policy for one year for sum insured value indicated at SCC and SOW; Land

Sea

Air

Assets Insurance Service - Terrorism Insurance

Lumpsum charges for Standalone Terrorism Policy for one year for sum insured value indicated at SCC and SOW; as per SCC and SOW; Optional

Tender Information

Tender ID

9179523

Reference Number

GEM/2026/B/7405576

Tender Type

Two Packet Bid

Product Category

Assets Insurance Service - Mega Risk Insurance, Lumpsum charges for Mega Insurance Policy for one y

Form of Contract

GeM Contract

Location

Dakshina Kannada, Karnataka

Evaluation Method

Total value wise evaluation

Bid Type

SERVICE

Source Website

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Awarded Items

GEMC-511687739995660

Awarded to UNITED INDIA INSURANCE COMPANY LIMITED

₹2.6 Cr

Services

Service	Profile / Skill	Billing	Quantity	Unit Charge	Amount
Assets Insurance Service	-	monthly	Project/Lumpsum Based	21614380	21614380
Assets Insurance Service	-	monthly	Project/Lumpsum Based	1500000	1500000
Liability Insurance Service	-	monthly	Project/Lumpsum Based	25000	25000
Marine and Transit Insurance Service	-	monthly	Project/Lumpsum Based	137623	137623
Assets Insurance Service	-	monthly	Project/Lumpsum Based	2475000	2475000

Documents Required

4 documents required · 4 mandatory

RequiredAdditional Doc 1 (Requested in ATC)

RequiredAdditional Doc 2 (Requested in ATC)

RequiredAdditional Doc 3 (Requested in ATC)

RequiredAdditional Doc 4 (Requested in ATC)

Purchase Preferences

MII Purchase Preference

Items & Quantities

Item	Delivery Location	Qty	Delivery
Assets Insurance Service - Mega Risk Insurance	-	-	-

Fee & Financial Details

EMD Fee Amount

Exempted

EMD Fee Exemption Allowed

Yes

Important Dates

Last Activity

16 Jul 2026

Published

31 Mar 2026

Bid Opening

24 Apr 2026

Stage Documents

Award of Contract

contract_GEMC-511687739995660.pdf

GeM contract · Paid plans only

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Documents

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Tender Documents

bid_9179523.pdf

GEM_BID • 0.13 MB

Additional Documents

1774956099.pdf

GEM_OTHER • 0.02 MB

1774955961.pdf

GEM_OTHER • 0.04 MB

1774956045.pdf

GEM_OTHER • 0.04 MB

TENDER_737a5a53-e7d3-448f-a0f21774958616107_CNPBUYER1.pdf

GEM_OTHER • 1.69 MB

list-of-categories-where-trials-are-allowed_1712126171.pdf

GEM_OTHER • 0.52 MB

gtc.pdf

GEM_OTHER • 0.71 MB

Corrigendum Documents

corrigendum_4203077.pdf

PDF • 0.04 MB

corrigendum_4193614.pdf

PDF • 0.04 MB

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Company

UNITED INDIA INSURANCE COMPANY LIMITED

L1₹2.6 CrQualified

102A ARABINDA SARANI 3RD FLOOR KOLKATA 700006 | KOLKATA | KOLKATA | WEST BENGAL | 700006

IFFCO-TOKIO GENERAL INSURANCE COMPANY LIMITED

L2₹3.7 Cr+₹1.1 Cr (44.4%)Qualified

1ST FLOOR MINERVA COMPLEX RAI MARKET AMBALA CANTT 133001 HARYANA | AMBALA CANTT | AMBALA | HARYANA | 133001

BAJAJ GENERAL INSURANCE LIMITED

L3₹3.8 Cr+₹1.2 Cr (46.8%)Qualified

2ND FLOOR JMD GALLERIA SOHNA ROAD GURUGRAM GURGAON HARYANA 122002 | GURUGRAM | HARYANA | 122002

NATIONAL INSURANCE COMPANY LIMITED

L4₹4.0 Cr+₹1.4 Cr (53.8%)Qualified

3 MIDDLETON STREET MAIDAN METRO STATION KOLKATA WEST BENGAL 700071 | KOLKATA | WEST BENGAL | 700071

THE NEW INDIA ASSURANCE COMPANY LIMITED

L5₹4.1 Cr+₹1.5 Cr (57.9%)Qualified

4TH FLOOR SURYA TOWER 108 THE MALL LUDHIANA LUDHIANA PUNJAB 141001 | LUDHIANA | PUNJAB | 141001

Service

Profile / Skill

Billing

Quantity

Unit Charge

Amount

Assets Insurance Service

monthly

Project/Lumpsum Based

21614380

Assets Insurance Service

monthly

Project/Lumpsum Based

1500000

Liability Insurance Service

monthly

Project/Lumpsum Based

25000

Marine and Transit Insurance Service

monthly

Project/Lumpsum Based

137623

Assets Insurance Service

monthly

Project/Lumpsum Based

2475000

Item

Delivery Location

Qty

Delivery

Assets Insurance Service - Mega Risk Insurance