Group Personal Accident Insurance Service - Permanent Employees, Contract Employees; Only accidenta
Delhi Metro Rail Corporation Limited
CENTRAL DELHI, DELHI
Progress
Quantity
1
Bid Type
Two Packet Bid
Organization: National Automotive Board, under the Department of Heavy Industry, invites bids for Group Personal Accident Insurance Service covering permanent employees. Estimated value: ₹22,000. Location: GURGAON, HARYANA - 122001. Coverage scope includes accidental death, permanent total disability, permanent partial disability, and temporary disabilities as per the existing policy. The tender notes a 25% bid quantity/duration variation window, enabling adjustments at contract issue and post-issue phases. No BOQ items are listed, indicating a single, comprehensive policy procurement rather than multiple line items.
Product/Service: Group Personal Accident Insurance for permanent employees
Coverage: accidental death, PTD, PPD, temporary disabilities per existing policy
Estimated value: ₹22,000
Variation clause: contract quantity/duration may vary up to 25%
BOQ: Not available (0 items listed)
EMD amount not disclosed in tender text
Variation in quantity/duration allowed up to 25%
No explicit start/end dates provided; aligns with existing policy term
Payment terms are not explicitly stated; bidders should anticipate standard insurance contract terms and confirm in bid submission.
Delivery relates to issuing the insurance coverage for eligible employees; exact timelines are not specified in the tender text.
No LDs or penalties specified; bidders should seek clarification and reflect risk provisions in their bids.
Experience in providing group personal accident insurance for employees
Ability to demonstrate financial stability for a ~₹22,000 contract
Compliance with local regulatory and policy requirements for employee insurance
Main Document
OTHER
ATC
GEM_GENERAL_TERMS_AND_CONDITIONS
Delhi Metro Rail Corporation Limited
CENTRAL DELHI, DELHI
National Industrial Corridor Development Corporation Limited
CENTRAL DELHI, DELHI
Punjab And Sind Bank
CENTRAL DELHI, DELHI
Development Commissioner (micro Small & Medium Enterprises)
ROHTAK, HARYANA
Bank Of Maharashtra
PUNE, MAHARASHTRA
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GST registration certificate
PAN card
Insurance experience certificates (similar group personal accident policies)
Financial statements (recent years)
EMD/Security deposit (not specified; bidders should prepare as per standard tender practice)
Technical bid documentation and policy compliance certificates
OEM authorizations (if any) or insurer credentials
Key insights about HARYANA tender market
Bidders must show prior experience in supplying group personal accident insurance, demonstrate financial viability with recent statements, provide GST/PAN details, and comply with policy terms for employee coverage. The current tender covers accidental death, PTD, PPD, and temporary disabilities under the existing policy framework.
Prepare a technical bid with policy coverage details, submit GST and PAN, include insurance credentials, experience certificates, and financials. Note the variation clause allowing up to 25% in contract quantity/duration. Ensure compliance with the existing policy scope for permanent employees.
Submit GST registration, PAN, insurance experience certificates for similar schemes, financial statements, and any OEM/insurer authorizations. Include technical bid documents, policy compliance certificates, and security/EMD as per standard tender practice, though explicit EMD amount is not specified here.
Coverage includes accidental death, permanent total disability, permanent partial disability, and temporary disabilities in line with the existing policy. The tender does not list itemized policy features; bidders should detail coverage limits, waiting periods, and claim settlement timelines in their proposals.
As per the ATC, the buyer may adjust contract quantity or duration up to 25% at the time of contract issue and capped at 25% post-issue. Bidders must accept revised quantity or duration if adjustments occur during award or execution.
The tender text does not specify payment terms; bidders should propose standard terms such as confirmation of coverage, premium payment upon policy issuance, and claim handling arrangements, while seeking explicit confirmation from the buyer during bid submission.
The estimated value is ₹22,000 for the group personal accident insurance service. Bidders should align premium pricing, coverage limits, and service levels to meet this value while ensuring compliance with the existing policy scope.
Address the clause by presenting flexible pricing and coverage options, show readiness to adjust policy term lengths, and include contingencies for scale-up or downscaling by up to 25% without derailing service quality or claim processing timelines.
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Main Document
OTHER
ATC
GEM_GENERAL_TERMS_AND_CONDITIONS