Co-operative Department Punjab Group Personal Accident Insurance Service Chandigarh 2026 - Accidental Death & Disability Coverage Tender
Bid Publish Date
12-May-2026, 2:22 pm
Bid End Date
22-May-2026, 3:00 pm
Value
₹50,00,000
Location
Progress
Quantity
1
Bid Type
Two Packet Bid
Key Highlights
- • Co-operative Department Punjab mandates Group Personal Accident Insurance Service for bank customers in Chandigarh
- • Insurance coverage includes accidental death, permanent total disability, permanent partial disability
- • Estimated contract value around ₹5,000,000 with up to 25% quantity/duration flexibility
- • ATC document provides bidder-specific terms; no BOQ items listed
- • No explicit EMD amount disclosed; ATC terms govern bid submission
- • Delivery/implementation must align with government procurement standards and eligibility criteria
Categories
2
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
Key Specifications
-
Insurance service type: Group Personal Accident Insurance
-
Coverage scope: accidental death, permanent total disability, permanent partial disability
-
Estimated value: ₹5,000,000
-
Location: Chandigarh; procuring organization: Co-operative Department Punjab
-
Quantity/duration adjustment: up to 25% at issue and post-award
Terms & Conditions
-
EMD amount not disclosed; refer to ATC for exact requirement
-
Contract can adjust quantity or duration by up to 25%
-
ATC document governs submission and compliance requirements
Important Clauses
Payment Terms
Not specified in supplied data; ATC document may contain terms
Delivery Schedule
Not specified in supplied data; ATC document may contain terms
Penalties/Liquidated Damages
Not specified in supplied data; ATC document may contain terms
Bidder Eligibility
-
Experience in providing group personal accident insurance including accidental death and disability cover
-
Financial viability to support a ₹5,000,000 engagement
-
Compliance with government procurement terms via ATC and accompanying documents
Additional Tender Data
Commercial Details
Tender Category
Service
Bid To RA
No
Bid To RA Enabled
No
Item Category
Group Personal Accident Insurance Service - Bank Customers; Only accidental death (not natural), Permanent total disability, Permanent partial disability, As per Bid documentnt
Authority Records
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Documents 6
GeM-Bidding-9318251.pdf
Main Document
Other Documents
OTHER
Other Documents
OTHER
Scope Of Work Document
SCOPE_OF_WORK
Buyer uploaded ATC document
ATC
GEM General Terms and Conditions Document
GEM_GENERAL_TERMS_AND_CONDITIONS
Required Documents
GST registration certificate
PAN card
Experience certificates in group personal accident/insurance contracts
Financial statements or turnover proof
EMD/Security deposit document (as per ATC guidance)
Technical bid documents demonstrating coverage capabilities
OEM authorizations or insurer certifications (as applicable)
Technical Results
| S.No | Seller | Date | Status |
|---|---|---|---|
| 1 | BAJAJ GENERAL INSURANCE LIMITED Under PMA | 22-05-2026 14:47:57 | |
| 2 | CARE HEALTH INSURANCE LIMITED Under PMA | 22-05-2026 08:57:19 | |
| 3 | GO DIGIT GENERAL INSURANCE LIMITED Under PMA | 22-05-2026 12:47:26 | |
| 4 | IFFCO-TOKIO GENERAL INSURANCE COMPANY LIMITED Under PMA | 22-05-2026 14:58:38 | |
| 5 | INDUSIND GENERAL INSURANCE COMPANY LIMITED Under PMA | 22-05-2026 13:53:22 | |
| 6 | THE ORIENTAL INSURANCE COMPANY LIMITED Under PMA | 22-05-2026 13:36:46 | |
| 7 | UNITED INDIA INSURANCE COMPANY LIMITED Under PMA | 22-05-2026 12:39:49 |
Financial Results
| Rank | Seller | Price | Item |
|---|---|---|---|
| L1 | INDUSIND GENERAL INSURANCE COMPANY LIMITED Under PMA | Item Categories : Group Personal Accident Insurance Service - Bank Customers; Only accidental death (not natural), Pe | |
| L2 | IFFCO-TOKIO GENERAL INSURANCE COMPANY LIMITED Under PMA | Item Categories : Group Personal Accident Insurance Service - Bank Customers; Only accidental death (not natural), Pe | |
| L3 | UNITED INDIA INSURANCE COMPANY LIMITED Under PMA | Item Categories : Group Personal Accident Insurance Service - Bank Customers; Only accidental death (not natural), Pe | |
| L4 | GO DIGIT GENERAL INSURANCE LIMITED Under PMA | Item Categories : Group Personal Accident Insurance Service - Bank Customers; Only accidental death (not natural), Pe | |
| L5 | THE ORIENTAL INSURANCE COMPANY LIMITED Under PMA | Item Categories : Group Personal Accident Insurance Service - Bank Customers; Only accidental death (not natural), Pe | |
| L6 | BAJAJ GENERAL INSURANCE LIMITED Under PMA | Item Categories : Group Personal Accident Insurance Service - Bank Customers; Only accidental death (not natural), Pe | |
| L7 | CARE HEALTH INSURANCE LIMITED Under PMA | Item Categories : Group Personal Accident Insurance Service - Bank Customers; Only accidental death (not natural), Pe |
Contract / Result Documents 1
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Frequently Asked Questions
Key insights about CHANDIGARH tender market
How to bid for group personal accident insurance in Chandigarh?
Bidders must submit GST, PAN, experience certificates, financial statements, and EMD as per ATC. Demonstrate coverage capability for accidental death and disabilities and comply with quantity/duration adjustments up to 25%. The ATC governs submission format and eligibility criteria for the Chandigarh procurement.
What documents are required for the Punjab insurance tender in Chandigarh?
Submit GST registration, PAN, recent financial statements, insurer certifications or OEM authorizations, and experience certificates showing relevant group accident coverage. Include technical bid materials and security deposit/EMD per ATC terms to participate in this Chandigarh bid.
What are the key coverage components in this insurance tender?
Coverage includes accidental death, permanent total disability, and permanent partial disability. The contract references the bid document for detailed benefit limits and settlement terms, with the overall estimated value around ₹5,000,000 and no BOQ items.
When can quantity or contract duration be modified for this Chandigarh bid?
The contract allows up to 25% adjustment in quantity or duration at the time of issue and post-award, binding bidders to accept revised scope as per the tender terms.
What is the estimated contract value for the Punjab insurance service?
The tender has an estimated value of ₹5,000,000. Bidders should align pricing, coverage limits, and administrative costs to meet this budget while ensuring regulatory compliance.
What standards or ATC documents govern submission for this bid?
The ATC document uploaded by the buyer dictates full submission requirements, compliance criteria, and any insurer certifications required. Bidders must review the ATC to ensure all forms, attachments, and attestations are complete.
What location and organization are associated with this insurance tender?
The procurement is issued by the Co-operative Department Punjab in Chandigarh, with the location specified as Chandigarh 160001. Bidders should ensure service delivery and regulatory compliance within this jurisdiction.
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Documents 6
GeM-Bidding-9318251.pdf
Main Document
Other Documents
OTHER
Other Documents
OTHER
Scope Of Work Document
SCOPE_OF_WORK
Buyer uploaded ATC document
ATC
GEM General Terms and Conditions Document
GEM_GENERAL_TERMS_AND_CONDITIONS