Comprehensive Loss of Profit Insurance for Kerala Retail Network

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.

The Kerala State Beverages Corporation Ltd (KSBC), through its Chairperson and Managing Director, invites competitive open tenders from eligible General Insurance Companies for a critical Loss of Profit Policy. This significant service contract, referenced KSBC/2668/2026-PA to GM Fin, aims to secure comprehensive coverage for 285 FL-01 Shops operated by KSBC across Kerala. Interested General Insurance Companies must be registered under the Insurance Act, 1938, and with IRDAI, demonstrating a minimum of 10 years of experience in the general insurance sector. Mandatory eligibility criteria also include valid PAN and GST registration, a registered office or a branch located in Thiruvananthapuram, Kerala, and proven experience in providing general insurance policies for organizations with an annual turnover exceeding ₹500 Crores in the last three financial years. The tender document became available for e-publication on 17-Jul-2026 at 02:00 PM. Prospective bidders can commence document download and bid submission from 17-Jul-2026, 02:30 PM. The strict deadline for bid submission and document download is 31-Jul-2026, 05:00 PM. Bids will be opened on 01-Aug-2026 at 05:00 PM in Thiruvananthapuram. A non-refundable tender fee of ₹2,795, inclusive of all processing charges and GST, is applicable, while Earnest Money Deposit (EMD) is exempted. Clarification queries can be submitted until 30-Jul-2026, 05:00 PM. Submitted bids must remain valid for 90 days from the bid opening date. For comprehensive details and submission, interested parties should refer to the official tender documents published by the Chairperson and Managing Director, KSBC, located at Ksbc Head Office Bevco Tower Palayam Vikas Bhavan PO, Trivandrum, PIN 695033.