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Ministry of Corporate Affairs Group Personal Accident Insurance Tender New Delhi 2026 - PM Internship Scheme, Accidental Cover ISO/IS 550

Bid Publish Date

07-Apr-2026, 6:12 pm

Bid End Date

19-May-2026, 2:00 pm

Value

₹22,00,000

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Progress

Issue07-Apr-2026, 6:12 pm
Corrigendum15-May-2026
AwardPending
Explore all 4 tabs to view complete tender details

Quantity

1

Bid Type

Two Packet Bid

Key Highlights

  • Brand/OEM requirements: Not specified in available data; ATC may list
  • Technical standards/certifications: No explicit standards; focus on government-insured group policy compliance
  • Special clauses: 25% quantity/duration flex at issue and post-issue
  • Eligibility criteria: Experience with government internship or group insurance programs recommended
  • Warranty/AMC: Not specified
  • Penalties/Performance bonds: Not specified

Categories 2

Tender Overview

The opportunity concerns a Group Personal Accident Insurance Service for interns under the Prime Minister Internship Scheme, managed within the Ministry of Corporate Affairs, located in New Delhi, Delhi. The estimated contract value is ₹2,200,000 with potential quantity/term adjustments up to 25% at issuance or during the contract. The scope targets accidental death, permanent total disability, and permanent partial disability coverage, aligning with PM Suraksha B. guidelines. This procurement requires swift policy issuance capabilities, precise claim handling, and adherence to government procurement processes. Key differentiators include a tight policy window for interns and statutory alignment with PM internship program stipulations.

Key Specifications

  • Product/service names and category: Group Personal Accident Insurance for PM Internship Scheme interns

  • Quantities/values: Estimated value ₹2,200,000; no BOQ items

  • EMD/financial scale: Not explicitly provided; verify in ATC

  • Experience: Government internship insurance program exposure recommended

  • Quality/standards: Not specified; adhere to general government insurance procurement norms

Terms & Conditions

  • Quantity/duration adjustment up to 25% is allowed at contract issuance

  • ATC document uploaded; bidder must review specific conditions

  • Insurance coverage must include accidental death, PTD, and PPD

Important Clauses

Payment Terms

Payment terms not specified; bidders should consult ATC for schedule and milestones

Delivery Schedule

Policy issuance aligned with PM Internship Scheme timelines; fast-track underwriting may be required

Penalties/Liquidated Damages

No explicit LD details in data; refer to ATC for penalties if any

Bidder Eligibility

  • Proven capability to administer government group insurance programs

  • Experience with internship or student insurance schemes preferred

  • Financial stability evidenced by recent financial statements

Additional Tender Data

Commercial Details

Tender Category

Service

Bid To RA

No

Bid To RA Enabled

No

Item Category

Group Personal Accident Insurance Service - Interns under Prime Minister Internship Scheme, Ministry of Corporate Affairs; Only accidental death (not natural), Permanent total disability, Permanent partial disability, As per Pradhan Mantri Suraksha B..

Authority Records

MINISTRY OF CORPORATE AFFAIRS
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Documents 4

GeM-Bidding-9197430.pdf

Main Document

Other Documents

OTHER

Buyer uploaded ATC document

ATC

GEM General Terms and Conditions Document

GEM_GENERAL_TERMS_AND_CONDITIONS

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Historical Data

Required Documents

1

GST registration certificate

2

PAN card

3

Experience certificates related to group insurance projects

4

Financial statements (last 1-2 years)

5

EMD deposit proof (if required by ATC)

6

Technical bid documents demonstrating policy issuance capabilities

7

OEM authorizations (if applicable)

Corrigendum Updates

5 Updates
#1

Update

15-May-2026

Extended Deadline

19-May-2026, 2:00 pm

Opening Date

19-May-2026, 2:30 pm

#2

Update

04-May-2026
#3

Update

04-May-2026
#4

Update

04-May-2026

Extended Deadline

15-May-2026, 2:00 pm

Opening Date

15-May-2026, 2:30 pm

#5

Update

27-Apr-2026

Extended Deadline

08-May-2026, 2:00 pm

Opening Date

08-May-2026, 2:30 pm

Frequently Asked Questions

Key insights about DELHI tender market

How to bid for group personal accident insurance in New Delhi for PM internship scheme

Bidders must submit GST, PAN, and experience certificates, plus financials; ATC details govern EMD and submission. Ensure coverage includes accidental death, PTD, and PPD, with a policy aligned to PM Internship guidelines. Review 25% quantity flexibility and file as per government procurement norms.

What documents are required for the interns insurance tender in Delhi

Prepare GST registration certificate, PAN card, last 2 years financial statements, relevant insurance experience certificates, policy issuance capabilities, and OEM authorizations if applicable. Include technical bid demonstrating capacity to issue government internship insurance promptly.

What are the insurance coverage requirements for PM Internship interns in Delhi

Coverage must include accidental death, Permanent Total Disability (PTD), and Permanent Partial Disability (PPD). Align policy terms with PM Suraksha B guidelines and ensure prompt claims handling for interns under the Prime Minister Internship Scheme.

When is the delivery/issuance deadline for this insurance tender in New Delhi

The explicit delivery deadline is not disclosed here; bidders should check ATC for policy issuance timelines and any fast-track underwriting requirements tied to the PM Internship schedule.

What are the payment terms for the Delhi government internship insurance contract

Payment terms are not specified in the data; refer to ATC for milestone-based payments, billing frequency, and any advance or reimbursement provisions tied to policy issuance and ongoing claims processing.

What are the eligibility criteria for participation in the Delhi PM internship insurance tender

Eligible bidders should demonstrate experience with government group insurance programs or internship-related schemes, financial stability, and ability to provide timely policy issuance and claims support; ATC may specify minimum turnover or prior project scale.

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