Rashtriya Ispat Nigam Limited Group Personal Accident Insurance Service Tender Visakhapatnam Andhra Pradesh 2026

Tender Overview

Rashtriya Ispat Nigam Limited in Visakhapatnam, Andhra Pradesh invites bids for Group Personal Accident Insurance Service covering Permanent Employees. The scope as per available data is limited to the insurance service category with no BOQ items disclosed and no explicit estimated value or EMD published. A notable bid clause permits a 25% adjustment in contract quantity or duration at both the issue and post-issuance stages, requiring bidders to accept revised terms. This tender emphasizes ATC attachments and mandatory alignment with organization-specific insurance provisions. The opportunity is location-specific to Visakhapatnam and targets procurement of employee risk coverage with potential scope changes.

Technical Specifications & Requirements

• No technical specifications are published in the provided data.
• The procurement category is Group Personal Accident Insurance Service for Permanent Employees.
• If ATC documents exist, bidders must review the uploaded ATC file for conditions and compliance requirements.
• The absence of a BOQ implies evaluation may rely on insurer credentials, policy terms, and past performance for similar employee groups.
• The bid may require standard insurance market criteria (policy wording, coverage limits, exclusions) as per organization norms.
• Expect submissions to include insurer certifications, validity of corporate insurance license, and proof of financial stability.

Terms, Conditions & Eligibility

• Contract quantity/duration can be increased or decreased by up to 25% at contract issue and after issuance.
• Bidders must be prepared to accept revised quantity or duration per ATC terms.
• EMD value and precise payment terms are not disclosed in the provided data.
• The tender references an uploaded ATC document; bidders should review it for eligibility criteria and submission requirements.
• With no BOQ items, eligibility may hinge on insurer qualifications, prior experience with public sector groups, and compliance with Rashtriya Ispat Nigam Limited insurance policy standards.