Comprehensive Assets Insurance for Property Damage, Business Interruption, Machinery Breakdown, and Burglary

Work Description - NA

This tender, identified by Bid Number GEM/2026/B/7920881, is being issued by the Energy And Petro Chemicals Department Gujarat, specifically through the Gujarat State Electricity Corporation Limited (GSECL) Vadodara, at their Corporate Office. The tender concerns a comprehensive Assets Insurance Service, with a bid start date of 21-08-2026 at 4:54 PM and a bid end date of 17-09-2026 at 3:00 PM. The scope of this procurement encompasses critical insurance coverage for mega risks, including Property Damage Cover for events such as Storm, Typhoon, Hurricane, Tornado, Flood, and Inundation (STFI). Furthermore, it requires Business Interruption (Loss of Profit) Cover and Machinery Breakdown (MBD) Cover, alongside Earthquake Cover. An additional component of this tender is the provision of a Burglary and Housebreaking Insurance Policy, specifically covering Theft and Burglary. The requirement explicitly states "Various add-ons as per buyer added ATC Mandatory," indicating flexibility for the procuring authority to specify further coverage needs. The issuing authority is located at 390007 VIDHYUT BHAVAN, RACE COURSE, Gujarat.