Canara Bank Group Personal Accident Insurance Renewal Tender Bangalore Karnataka 2026

Tender Overview

Organization Canara Bank, Department of Financial Services, invites bid for the renewal of Group Personal Accident Insurance for salaried and pension account holders at Bangalore, Karnataka 560001 for a period of one year from 10/04/2026 to 09/04/2027. The scope covers renewal of a bank-wide life/accident cover across account-holders, with the estimated value and EMD not disclosed in the available data. A 25% adjustment window is allowed for contract quantity or duration at award time, and bidders must comply with the buyer’s integrity pact and contract-rectification conditions.

Technical Specifications & Requirements

• No technical specs or BOQ items are provided. Proposals must address renewal of a group personal accident insurance policy for Canara Bank employees and pension account holders.
• bidders should prepare to demonstrate ability to procure and administer an insured pool for salaried staff and pensioners, including policy terms, renewal cadence, and benefit allocations.
• Anticipated deliverables include policy issuance, premium payments, claimant processing, and reporting aligned to Canara Bank’s policy governance. Compliance with statutory and regulatory obligations, data privacy, and customer service commitments is expected.
• While no specific standards are listed, bidders should present robust underwriting capabilities, administrative infrastructure, and service-level commitments suitable for a public-sector financial institution.

Terms, Conditions & Eligibility

• 25% contract quantity/duration flexibility at contract issue; firm acceptance required for revised scope.
• Bidder must declare no liquidation or bankruptcy status and upload relevant undertaking.
• Upload and comply with the integrity pact; sign and submit scanned copy with bid.
• No assignment or subcontracting without prior written consent; joint liability retained by seller and any sub-contractor.
• Documentation and certificates as required by the bid document, ATC, and corrigenda must be uploaded; non-compliance may lead to rejection.