The Airports Authority of India (AAI), under the purview of the Ministry of Civil Aviation, is inviting bids for the procurement of Motor Insurance Services specifically designed for 4-wheelers exceeding 2500 CC. The tender reference number for this vital procurement is GEM/2025/B/6152358. This initiative is an essential part of AAI’s commitment to ensuring effective risk management for its vehicle fleet.

Scope of Work and Objectives

The primary objective encompasses providing comprehensive motor insurance services that cover a wide range of risks and liabilities associated with the operation of 4-wheelers. This includes coverage for accidents, thefts, damages, and third-party liabilities. The bidders are expected to exhibit proficiency in delivering high-quality services in an efficient and timely manner, ensuring compliance with the relevant insurance laws and regulations to safeguard AAI’s interests.

Eligibility Criteria

To qualify for this tender, bidders must meet specific eligibility requirements. These include being a registered entity with the appropriate licensing to operate in the insurance sector. Bidders must also demonstrate prior experience in providing similar services, maintaining a sound financial standing to support the contract, and possessing the necessary certifications as mandated by regulatory authorities.

Technical Requirements

Bidders should present a comprehensive proposal detailing their capabilities in handling motor insurance for high-capacity vehicles. Proposals must outline the features of the insurance offered, including but not limited to:

• Coverage details and exclusions
• Claims process efficiency
• Customer service and support mechanisms
• Risk assessment and management strategies
• Compliance with the industry standards and regulations

Financial Requirements

Bidders are required to submit a competitive pricing structure as part of their proposal. The financial offer must represent best value while containing clarity on the premium rates, potential deductibles, and any additional charges applicable.

Document Submission Details

All documents pertaining to the tender must be submitted electronically through the designated portal, ensuring that all formats adhere to the prescribed conditions. Submissions must be made before the deadline to ensure consideration for the tender award.

Special Provisions

The contract includes provisions favoring Micro, Small, and Medium Enterprises (MSEs) and Startups. These incentives aim to promote local businesses and innovation within the insurance domain, thereby boosting the overall economic growth.

Evaluation Process

The evaluation of bids will be conducted through a transparent and structured process, assessing both technical and financial proposals. The selection criteria will prioritize bidders who demonstrate the capability to meet the tender requirements while providing the best value.

Delivery Locations

The awarded services will cater to AAI’s operational requirements at various locations across its network of airports, ensuring comprehensive insurance coverage for its regional and national fleet.

Contact Information

For any queries or clarifications regarding this tender, interested parties may contact the appropriate officials within AAI. All necessary information can be obtained through the designated tendering portal.