GEM

Development Commissioner MSME Group Personal Accident Insurance Service for Students Kanpur Nagar UP 2025

Bid Publish Date

13-Dec-2025, 5:53 pm

Bid End Date

23-Dec-2025, 6:00 pm

Value

₹16,000

Location

KANPUR NAGAR , UTTAR PRADESH

Progress

Issue13-Dec-2025, 5:53 pm
AwardPending
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Quantity

1

Bid Type

Single Packet Bid

Categories 2

INSURANCE SERVICE ACCIDENTAL INSURANCE

Tender Overview

Organization: Development Commissioner (Micro, Small & Medium Enterprises), Ministry of MSME. Product/Service: Group Personal Accident Insurance for Students, covering permanent total disability and accidental death (not natural). Location: Kanpur Nagar, Uttar Pradesh (208001). Estimated Value: ₹16,000. Key differentiator: 25% contract quantity/duration flexibility at issue, plus excess settlement option with declared applicability and supporting documents. Authorized brokers/agents may participate with an insurance company authorization letter. Policy benefits aligned to the last attached policy. Dedicated service support with a toll-free number and escalation matrix. An office of the service provider must be located in the consignee’s state, with documentary evidence.

Technical Specifications & Requirements

  • Product/Service: Group Personal Accident Insurance for Students (insurance only; benefits per policy attached).
  • Scope: Coverage for accidental death and permanent total disability (not natural death).
  • Eligibility: Authorized brokers/agents with authorisation letter from insurance company.
  • Service & Support: Dedicated toll-free line; formal escalation matrix for service issues.
  • Delivery/Activation: Service presence in state of consignee; documentary evidence required.
  • Commercial Terms: Option Clause allows quantity/duration changes up to 25%; Excess settlement option for additional charges with mandatory supporting documents.
  • Standards/Compliance: Policy benefits as per last attached policy; no specific technical standard cited.
  • Documentation: Evidence of office in state and authorization letters; details as per ATC clauses.

Terms, Conditions & Eligibility

  • EMD: Not specified in the tender terms.
  • Brokerage/Participation: Authorized brokers/agents may participate with insurer authorization.
  • Policy Documentation: Benefits as per last policy attached; maintain copy for reference.
  • Support: Dedicated toll-free service number and escalation matrix required.
  • Local Office: Service provider must have an office in the consignee state with documentary evidence.
  • Flexibility Clause: Contract quantity/duration can be adjusted up to 25% at issue and post-issuance; bidders must accept revised terms.

Key Specifications

  • Group Personal Accident Insurance for Students

  • Coverage: accidental death and permanent total disability (not natural death)

  • Estimated value: ₹16,000

  • Authorisation: brokers/agents require insurer authorization letter

  • Service support: dedicated toll-free number and escalation matrix

  • Office requirement: service provider must have an office in the consignee state

  • Flexibility: quantity or duration may vary up to 25% at contract issue; post-issuance changes allowed within 25%

  • Excess settlement: additional charges allowed up to a specified percentage with documentation

  • Policy benefits: per last attached policy

Terms & Conditions

  • Contract quantity/duration can be adjusted up to 25% at issue

  • Excess settlement option permits additional charges with documentation

  • Authorized brokers/agents must present insurer authorization letter

Important Clauses

Payment Terms

Not explicitly specified in tender; follow AO terms per policy and ATC.

Delivery Schedule

Service activation to align with policy issuance; no fixed delivery timeline provided.

Penalties/Liquidated Damages

Not specified in tender; any LD to be as per standard government procurement guidelines.

Bidder Eligibility

  • Authorized brokers/agents with insurer authorization letter

  • Experience in providing student insurance services or related group policies

  • Ability to provide toll-free service and escalation matrix

Past Similar Tenders (Historical Results)

5 found

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Posted: 18 June 2025
Closed: 3 July 2025
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Required Documents

1

GST registration certificate

2

PAN card

3

Experience certificates related to previous insurance service contracts

4

Financial statements (as applicable per procurement policy)

5

EMD documents (if applicable per ATC clauses)

6

Technical bid documents showing policy terms and coverage details

7

OEM/Insurer authorization letters

8

Proof of service office location in Uttar Pradesh with address proof

9

Authorization letter from Insurance company authorizing brokers/agents

Frequently Asked Questions

Key insights about UTTAR PRADESH tender market

How to bid for group personal accident insurance tender in Kanpur Nagar Uttar Pradesh 2025?

Bidders must submit GST and PAN details, along with experience certificates for similar insurance services. Provide insurer authorization letter for brokers/agents, and proof of local office in Uttar Pradesh. Include policy terms per the last attached policy and ensure toll-free service availability with escalation matrix.

What documents are required to participate in the insurance service bid in Kanpur?

Submit GST registration, PAN, insurer authorization letter, past performance certificates, financial statements as applicable, proof of local office in UP, and policy terms showing benefits for students. Include last attached policy as reference for benefits and coverage.

What are the policy benefits for student accident insurance in this tender?

Benefits follow the last attached policy for student coverage, including accidental death and permanent total disability. Ensure documentation reflects these coverages and that the insurer authorization letter is included for brokers/agents participating.

What is the eligibility criteria for brokers to participate in this MSME tender?

Authorized brokers/agents may participate with a valid insurer authorization letter. The bidder must demonstrate service support capability (toll-free line) and provide escalation matrix; prove presence of an UP-based service office with documentary evidence.

What is the variation allowed in contract quantity or duration for this tender?

The buyer allows up to 25% increase or decrease in contract quantity or duration at the time of contract issue, with bidders required to accept revised terms. After issuance, changes remain capped at 25%.

What are the service support requirements for bidders in this Kanpur tender?

Bidders must provide a dedicated toll-free service number and a formal escalation matrix for service issues. An on-ground service office in Uttar Pradesh with documentary proof is mandatory to ensure responsive support for beneficiaries.

Is there an EMD requirement for this group accident insurance tender?

EMD details are not explicitly stated in the tender terms. Bidders should verify ATC guidance; if required, provide the specified deposit or equivalent performance security as per government procurement norms.

Where can bidders find the last policy reference for benefits in this bid?

The tender requires policy benefits as per the last attached policy. Bid teams should obtain and review the attached policy document from the client’s procurement portal or contact the tender issuing authority for the policy copy.