Strategic Reinsurance Market Services for Indian Oil's All Risk Package Policy

Work Description - Selection Of Insurance Companies For Exploring Re-insurance Market For All Risk Package Insurance Policy Of Indian Oil For The Period 01.11.2026 To 31.10.2027

IndianOil, a Central Government Ministry/Department, through its Tender Inviting Authority DGM (Contracts) at IOCL, RHQ New Delhi, invites bids for a Limited Tender (Reference Number: 9000C26A79) for the "Selection of Insurance Companies for exploring Re-insurance market for All Risk Package Insurance policy of Indian Oil for the period 01.11.2026 to 31.10.2027." This tender falls under the Services category, specifically for Empanelment, covering a period of 365 days. The tender was ePublished on 22-Jul-2026 at 05:00 PM. Interested bidders can download tender documents from 22-Jul-2026 05:00 PM until 30-Jul-2026 03:00 PM. A mandatory Pre-Bid Meeting will be held on 27-Jul-2026 at 12:00 PM at IOCL, RHQ New Delhi. Bid submission commences on 28-Jul-2026 at 03:00 PM and closes on 30-Jul-2026 at 03:00 PM. Bids will be opened on 31-Jul-2026 at 03:00 PM at IOCL, RHQ New Delhi. Notably, there is no Tender Fee or Earnest Money Deposit (EMD) required. Bidders must submit proposals in a single cover, including essential documents such as undertakings, declarations, signed deviations, documents addressing evaluation criteria, a tender forwarding letter, PAN, GSTIN, Power of Attorney, Integrity Pact, and any other specified requirements. This opportunity is for qualified entities to be empaneled for a critical insurance requirement.