Odisha Skill Development and Technical Education Department SUNDERGARH Personal Accident Insurance for Students Tender 2026
N/a
SUNDERGARH, ODISHA
Progress
Quantity
1
Bid Type
Two Packet Bid
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.
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
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
Payment terms not specified; bidders should consult ATC for schedule and milestones
Policy issuance aligned with PM Internship Scheme timelines; fast-track underwriting may be required
No explicit LD details in data; refer to ATC for penalties if any
Proven capability to administer government group insurance programs
Experience with internship or student insurance schemes preferred
Financial stability evidenced by recent financial statements
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..
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Main Document
OTHER
ATC
GEM_GENERAL_TERMS_AND_CONDITIONS
N/a
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GST registration certificate
PAN card
Experience certificates related to group insurance projects
Financial statements (last 1-2 years)
EMD deposit proof (if required by ATC)
Technical bid documents demonstrating policy issuance capabilities
OEM authorizations (if applicable)
Extended Deadline
19-May-2026, 2:00 pm
Opening Date
19-May-2026, 2:30 pm
Extended Deadline
15-May-2026, 2:00 pm
Opening Date
15-May-2026, 2:30 pm
Extended Deadline
08-May-2026, 2:00 pm
Opening Date
08-May-2026, 2:30 pm
Key insights about DELHI tender market
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.
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.
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.
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.
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.
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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Main Document
OTHER
ATC
GEM_GENERAL_TERMS_AND_CONDITIONS