Invitation to Bid - COVERAGE OF EMPLOYEES - NAMED GROUP PERSONAL ACCIDENT INSURANCE POLICY AND UNNAMED GROUP PERSONAL ACCIDENT INSURANCE POLICY in VISAKHAPATANAM, ANDHRA PRADESH
N/A
VISAKHAPATANAM, ANDHRA PRADESH
Bid Publish Date
29-May-2026, 8:03 pm
Bid End Date
12-Jun-2026, 5:30 pm
EMD
₹1,000
Value
₹4,81,59,284
Location
Progress
Tender Type
Open
Tender Fee
₹5,000
A tender has been published for The issuing authority Providing health Insurance coverage to 1. KMF Employees and their direct dependents, 2. Workmen Compensation policy covering casual and contract labours at all units of KMF, 3. Group Personnel Accident Policy covering KMF employees and 4. Public Liability Policy covering KMF and Its Units. in KARNATAKA by. Submission Deadline: 12-06-2026 17: 30: 00. Check eligibility and apply.
Tender Category
Service
Evaluation Type Code
2
Bid To RA
No
Officer Inviting Bids
Joint Director Purchase
Contact Details
officeNumber-08026096910 AND mobileNumber-7411654028
Pre-Bid Meeting Start
05-06-2026 11:00:00
Pre-Bid Query Deadline
05-06-2026 11:00:00
Split EMD Required
No
Itemwise EMD Required
No
Itemwise Tech Eval
Yes
All the documents as per the tender document.
Company Registration Certificate
IRDA Registered certificate
Last 3 years annual Turnover Certificate
Bidders shall not be under a declaration of ineligibility for corrupt and fraudulent practices issued by Government of Karnataka
It shall be the responsibility of the Bidder to ensure credit of Tender Processing Fee and EMD into the respective receiving bank accounts of e-Procurement on or before the last date and time of bid submission.
EMD Payments through e-Payment mode shall be made as one single transaction and payments made in part are liable for rejection.
IRDA Registered Insurance companies are allowed to participate in this tender.
The insurance brokers are not qualified to participate in the tender process.
Any IRDA Registered private Insurance providers participating in this tender shall submit additional EMD of Rs.7,23,000/- In the form of DD in the name of Managing Director, KMF, Bangalore before opening of technical bids.
Employees and their dependents list enclosed
Additional members if any to be added subsequently during the policy period (not exceeding 06 members including employee and only direct dependents), it is the responsibility of the Insurance Company (successful insurance company) to issue the insurance policy at an additional premium amount, to be paid by concerned employee.
The bidder shall quote for all the four services (Inclusive of all taxes, duties, etc) and the evaluation will be done for the total quoted premium amount considering all the four services. Partial quotes will be rejected
The tenderer should furnish the financial status of the organization for the last three years (premium, claims settlement, profitability etc) and also the IRDA Registration number to be quoted along with the tender.
The Policy also applicable to the retired employees who are willing to pay premium or payment through KMF Benevolent found at finalized tender rates.
All other terms and conditions as per the tender document.
Any addendum or corrigendum, if issued, will be made available only on the KPPP website https://kppp.karnataka.gov.in
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