Power Grid Corporation of India GPAI Insurance Tender Gurgaon Haryana 2026 2027 IRDAI Approved General Insurance Companies

Tender Overview

Power Grid Corporation Of India Limited invites bids for the GPAI insurance for 2026-2027 in GURGAON, HARYANA. The contract targets Group Personal Accident Insurance coverage for eligible employees with premium rates to be declared in the price bid. Bids must be submitted by IRDAI-approved General Insurance Companies; other firms will be rejected. Notably, EMD and CPG not applicable, and the price-breakup must be uploaded in the price bid format. The BOQ contains no items at present, but bidders should forecast coverage for potential future engagements. This opportunity emphasizes IRDAI compliance and a clean technical submission aligned with buyer ATC terms.

Technical Specifications & Requirements

• Contract scope: GPAI for 2026-2027; coverage values to be declared via premium rates in the price bid
• Eligible bidders: only IRDAI-approved General Insurance Companies; non-compliant bids will be rejected
• Bid submission note: no price details in the technical envelope; price break-up to be provided in the price bid in Excel
• Special guidance: fill premium rates for potential future employees despite zero current coverage for some entries
• BOQ status: total items listed as 0; no BOQ items to price in the current submission
• ATC alignment: adhere to buyer-provided ATC terms and conditions for final evaluation

Terms, Conditions & Eligibility

• EMD and CPG: not applicable
• IRDAI compliance: bids must come from IRDAI-approved insurers; others will be rejected
• Price submission: strictly in the price bid portion, following the Excel format
• Contract period: year 2026-2027 for GPAI coverage
• Submission posture: ensure alignment with Buyer Added ATC terms; conflicting terms prevail
• Documentation: standard insurer bid documents plus OEM/authorization where applicable