Co-operative Department Punjab Group Personal Accident Insurance Service Chandigarh 2026 - Accidental Death & Disability Coverage Tender

Tender Overview

Co-operative Department Punjab invites bids for Group Personal Accident Insurance Service for bank customers in Chandigarh, Chandigarh 160001. Estimated value: ₹5,000,000. Coverage includes accidental death, permanent total disability, and permanent partial disability as per the bid document. No BOQ items are listed, but the contract is subject to a 25% flexible adjustment in quantity or duration at tender issuance and again post-award. This procurement focuses on risk protection for customers with a clear emphasis on accident-related benefits. The opportunity requires bidders to demonstrate capability to deliver insurance service, with standard procurement terms governing adjustments and acceptance.

Technical Specifications & Requirements

• Product/Service: Group Personal Accident Insurance Service for bank customers
• Coverage scope: accidental death, PTD, PPD as per bid document
• Estimated value: ₹5,000,000; no BOQ items available
• Location: Chandigarh, Chandigarh 160001; organization: Co-operative Department Punjab
• Quantity/Duration flexibility: up to 25% increase/decrease at contract issue and post-award
• Delivery/Implementation context: insurance coverage to be aligned with government procurement standards and ATC terms; ATC attached for bidder reference

Terms & Eligibility

• EMD amount: Not disclosed in provided data
• Contract variance: up to 25% adjustment in quantity or duration
• Submission requirements: refer to ATC document for bidder compliance; detailed documents not included in data
• BOQ status: No BOQ items listed; scope appears concentrated on insurance coverage terms and administration
• Location compliance: project execution within Chandigarh region per government procurement norms
• Banking/sector context: targeted at bank customers under a government department procurement framework