Kerala State Beverages Corporation Loss of Profit Policy for 285 Shops

Work Description - Competitive Tenders Are Invited From General Insurance Companies For Taking Loss Of Profit Policy Covering 285 Fl-01 Shops Of Ksbc Spread Over Kerala In Accordance With The Terms And Conditions.

Kerala State Beverages Corporation Ltd (KSBC), a State Government and UT organization, is inviting open tenders for the provision of a Loss of Profit Policy. This crucial policy will cover 285 FL-01 Shops operated by KSBC across the state of Kerala. The tender, with reference number KSBC/2668/2026-PA to GM Fin, is categorized under Miscellaneous Services. Interested General Insurance Companies must be registered under the Insurance Act, 1938, and with IRDAI, possessing at least 10 years of experience in the general insurance business. Prospective bidders must also hold a valid PAN, be registered under the Goods and Service Tax (GST) Act, and have a registered office or a branch office within the TVM district of Kerala. Furthermore, bidders should demonstrate experience in providing general insurance policies to organizations with a turnover of ₹500 Crores in the last three financial years. The tender fee is ₹2,795 (including 18% GST), with no Earnest Money Deposit (EMD) required. The document download and bid submission period begins on July 17, 2026, at 02:30 PM and concludes on August 7, 2026, at 05:00 PM. The bid opening will take place on August 10, 2026, at 11:00 AM at the KSBC Head Office, located at Bevco Tower, Palayam, Vikas Bhavan PO, Trivandrum, PIN 695033. All submissions must adhere to the terms and conditions specified in the tender document.