Baroda Global Shared Services Ltd Group Personal Accident Insurance Tender Gandhinagar Gujarat 2026

Tender Overview

Baroda Global Shared Services Ltd invites bids for a Group Personal Accident Insurance Service covering permanent total disability, permanent partial disability, and temporary disabilities as outlined in the RFP scope. Location: GANDHI NAGAR, GUJARAT 380060. Although no estimated value or EMD is disclosed, the contract contemplates employee (permanent and contract) coverage with potential scope adjustments. The tender references an ATC quantity/duration adjustment up to 25%, indicating flexibility in contract scope. With zero BOQ items, the procurement focuses on insurance protection for a composite employee base under the Banking Sector umbrella, requiring robust risk management and regulatory alignment. The absence of explicit start/end dates suggests alignment with the buyer’s policy timelines and renewal cadence. This tender highlights a standard insurance procurement within a government-affiliated services framework, emphasizing coverage breadth and compliance. The unique differentiator is the explicit 25% scope adjustment option, which bidders should model into pricing and risk reserves.

Technical Specifications & Requirements

• Product/Service: Group Personal Accident Insurance Service for permanent, contract employees, and RFP-defined scope.
• Coverage scope: Permanent total disability, Permanent partial disability, and Temporary disabilities as per the RFP scope.
• BOQ status: No items listed; no fixed quantity; contract may be driven by workforce size and policy limits.
• ATC clause: Quantity/duration can be increased up to 25% at procurement issue; post-issue, same cap remains; lumpsum scenarios permit up to 25% scope expansion with provider consent.
• Standards/Compliance: Not specified in provided data; bidders should assume standard insurance regulatory compliance and policy wordings per Gujarat/JURISDICTION requirements.
• Delivery/renewal cadence: Aligned to policy term and organization renewal cycle; no explicit delivery milestones provided.

Terms, Conditions & Eligibility

• EMD: Not disclosed in the data; bidders should verify at tender stage.
• Experience/Turnover: Not specified; bidders must meet organization’s standard insurance procurement capabilities for banking sector.
• Documentation: Submit typical bid documents including GST, PAN, financial statements, experience certificates, and insurer/OEM authorizations as applicable.
• Payment/Penalties: No explicit terms provided; bidders should anticipate standard insurance procurement payment terms and renewal penalties per atc and contract clauses.
• Delivery/Activation: Activation aligned to policy term; scope expansion allowed by ATC with consent.
• Warranty/Support: Not specified; insurance services typically rely on policy terms rather than product warranties.