Get tender documents at just ₹200 per tenderKnow More
Search made simple for latest tendersNo hidden charges. No keyword restrictionsExplore Our Plansor Pay Per Tender

BALMER LAWRIE & CO. LTD. Western Region 5 J.N.Herdia Marg, Ballard estate, Mumbai- 400001 Tender No. 0100LE1474 Date: 03.09.2019 Tender Submission Date: 18.09.2019 at 15:00 hours To, The General Insurance Companies Dear Sir / Madam, Sub: Renewal of Insurance Policies for the period 01-10-19 to 30-09-20 for Western Region Balmer Lawrie, a Mini-Ratna I Public Sector Enterprise under the Ministry of Petroleum and Natural Gas, Govt. of India, with a turnover of Rs. 1857 crores and a profit of Rs. 280 crores. Along with its seven Joint Ventures in India and abroad, today it is a much-respected transnational diversified conglomerate with presence in both manufacturing and service sectors. Balmer Lawrie is a market leader in Steel Barrels, Industrial Greases & Specialty Lubricants, Corporate Travel and Logistics Services. Scope of Cover: The insurance required by us should take care of the following policies as per the coverage and details mentioned in ANNEXURE ‘A’. 1. Standard Fire & Special Perils Policy 2. Burglary Insurance Policy 3. Money Insurance Policy 4. Fidelity Guarantee Insurance Policy 5. Special Contingency (All Risk) Insurance Policy- Laptops 6. Comprehensive Motor Policy 7. Workmen Compensation Insurance Policy 8. Commercial General Insurance Policy (CGL) 9. Sales Turn Over Insurance Policy (STOP) 10. Office Insurance Policy 11. Port Package Insurance Policy (CFS) 12. Machinery Breakdown (MBD) Insurance Policy 13. Industrial All Risk Policy 14. Package Policy for TCW, Patalganga After arriving at final net premium rate, the premium should be quoted in the summary premium schedule (Enclosed as ANNEXURE-B) for all policies. The insurance company should enclose the following documents along with their offer:- 1. Documentary evidence of IRDA Accreditation Certificate / License. 2. The Insurance Company should provide documentary evidence for settlement of claims in excess of Rs 500 Lacs for at least two cases during the last two financial years (2017-18 & 2018-19). 3. Copy of the RFQs with acceptance of the insurer along with sign & stamp. 4. A undertaking / confirmation from the General Manager/ Regional Head on company letter head with date, sign & stamp stating the following i. All the rates quoted are valid for the period of the contract and there is no violation of any rule stipulated by IRDA. ii. Credit Rating and Solvency Margin. iii. Gross Written Premium for the year 2018-2019 iv. No. of years in operation in General Insurance Business Terms & Conditions: 1. This Tender is meant only for the Insurers. We have retained Aditya Birla Insurance Brokers Limited as our broker for all the insurance policies of Western Region for Financial Year 19-20 2. Eligibility to quote – Insurance Company should have completed five years in General Insurance Business after being registered with IRDA. (Proof to be submitted by the insurance company) 3. Gross Written Premium for the year 2018-2019 should be at least Rs 1500 Crores (Proof / Undertaking to be submitted by the insurance company) 4. The Technical Bid & Financial Bid should have details of the insurer with authorised signature and stamp of the company. The documentary proofs should be kept with Technical Bid. The copy of the RFQs mentioned in Annexure A should be signed and stamped with acceptance of the insurer and should be kept with Technical Bid. 5. You are requested not to change the format in any manner whatsoever; however, if you have any specific aspect to point out, you are requested to provide the same with notes in writing separately specifying the item. Any change in the format will lead to cancellation of the bid. This note, if any should be kept with the Technical Bid. 6. The Technical Bid & Financial Bid should be submitted in separate sealed envelopes and these two envelopes should be kept together in th

Disclaimer: BidAssist has made every reasonable effort to ensure that the information is accurate and authentic however it cannot be held liable for any third-party claims or losses of any damages. BidAssist makes no warranty, expressed or implied, as to the results obtained from the use of the information. If you think you may have noticed any error or omission, please let us know by contacting contact@bidassist.com.