IGI Prudential Insurance Issues Seven Day Vehicle Auction Notice for Two Used Cars
10th September 2026, Kathmandu
IGI Prudential Insurance Limited has published a seven day auction notice inviting sealed bids for the sale of two used corporate vehicles on an as is where is basis.
IGI Prudential Vehicle Auction
Reissued for the second time on Bhadra 24, 2083 (September 9, 2026), the tender allows qualified individual, firm, and corporate bidders to purchase the vehicles under structured auction guidelines.
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Vehicle Details and Minimum Valuation Thresholds
The non life insurer has specified vehicle parameters and baseline price valuations for both properties.
- 2016 Renault Duster (RXZ AWD): Assigned registration number Bagmati B AE 9724, with a minimum valuation threshold set at Rs 18 lakh.
- 2019 Maruti Suzuki EECO (5-Seater): Assigned registration number Bagmati B AA 7218, with a minimum valuation threshold set at Rs 15.50 lakh.
- Condition Terms: Both vehicles are offered strictly in their existing operational and physical condition.
Bidding Procedures and Deposit Guidelines
Interested buyers must comply with financial deposit rules and submission guidelines within the stipulated window.
- Earnest Money Deposit: Bidders are required to deposit a 10 percent earnest money guarantee based on their total quoted bid amount into the designated bank account of the company.
- Documentation Requirements: Bidders must enclose the official bank deposit voucher inside the sealed bid envelope. Envelopes must clearly list the applicant full name, physical address, and telephone contact details.
- Bidding Deadline: Sealed tender applications must be submitted to the company by 5:00 PM on Bhadra 31, 2083.
- Forms and Inspection: Official bid documents and physical vehicle inspections are available during regular business hours at the IGI Prudential Insurance central office located in Panipokhari, Kathmandu.
For More: IGI Prudential Vehicle Auction
