Assets Insurance Service - Insurance Policy of AVNL Assets with Terrorism as per Scope of Work
Armoured Vehicles Nigam Limited · Avadi, Tamil Nadu · Other · open
Key facts
- Tender value: ₹8.5Cr
- Published: 03 Nov 2026
- Closing date: 18 Nov 2026
- Status: open
- Status as of: 04 Nov 2026 22:45 UTC
- Ministry: Ministry of Defence
- Department: Department of Defence Production
Description
Armoured Vehicles Nigam Limited invites bids for an insurance policy covering AVNL assets, including terrorism coverage, for a contract period of 1 year and 1 day. The policy covers assets with a total sum insured of Rs. 944,663,130,000. Bidders must be PSU non-life insurance firms with at least 7 years in the insurance industry and a local office in Chennai. EMD and ePBG are not required.
Eligibility & requirements
- Experience required: 7 years
- Past performance: 90%
- Startup relaxation: No
- MSE relaxation: No
- Certifications: IRDA/TAC Guidelines confirmation
- Documents required: Experience Criteria, Bidder Turnover, Certificate (Requested in ATC), Additional Doc 1 (Requested in ATC), Undertaking that bidder is not under liquidation, court receivership, bankrupt or similar proceedings, Documents proving PSU non-life insurance firm status, Local Chennai office details and documentary proof, GST Certificate registered within Tamil Nadu, Company Incorporation certificate, GST certificate, PAN, Claim settlement documents, Annual report mentioning claim settlement ratio, Audited financial statements highlighting gross written premium, No Deviation Confirmation, Non-Disclosure Agreement, Declaration of Completeness, Certificate of declaration for confirmation of IRDA/TAC Guidelines, Power of Attorney, Memorandum of Understanding to be signed between AVNL and successful bidder, Indemnity Bond, Form ELI-I; Bidders Information, Undertaking for not being blacklisted, Land Border sharing declaration, Pre-Contract Integrity pact, Signed and stamped Scope of Work
New to these terms? Read how tender eligibility criteria work.
Commercial terms
- Bid type: Two Packet Bid
- Evaluation: Total value wise evaluation
- Make in India (MII): Yes
- MSE preference: Yes
Line items (1)
- Insurance Policy of AVNL Assets with Terrorism as per Scope of Work — Qty: 1 Lumpsum
3 tender document(s) available — sign up to download.
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