Grid Controller Of India Limited Group Personal Accident Insurance Tender South Delhi Delhi 110016 IRDA Registrations 2026

Tender Overview

The procurement by Grid Controller Of India Limited in South Delhi, Delhi seeks a Group Personal Accident Insurance Service for permanent employees and trainee employees, covering accidental death, permanent total disability, permanent partial disability, temporary disabilities, and injuries due to accidents. Estimated value is ₹1,591,771.62. The scope emphasizes IRDA registration compliance, with mandatory submission of IRDA registration certificate and latest annual fee receipt, plus BoQ annexures and a Bid Security Declaration. No BoQ items are listed, indicating a potential framework scope or later specification release. The tender emphasizes provider eligibility through ATC attachments and a Power of Attorney. The absence of detailed BOQ items suggests reliance on attachments for exact coverage, limits, and benefits. The tender location and organization indicate a government-adjacent procurement governed by IRDA-regulated insurance service norms.

Technical Specifications & Requirements

• Product/Service: Group Personal Accident Insurance Service for employees and trainees
• Coverage: accidental death, disability (PTD, PPD), temporary disabilities, injuries
• Key documents: IRDA Registration Certificate, Latest Annual Fee Receipt, Annexures (BoQ Scope, Bid Security Declaration), Power of Attorney
• Compliance: IRDA-regulated insurer requirements; presence of ATC attachments for scope and exclusions
• Tender mechanics: BoQ not populated in listing; expect attachment-driven scope and price bid formatting
• Location constraint: tender issued for South Delhi (110016); administration under Grid Controller Of India Limited
• Implication: bidders must prepare documentation to prove IRDA compliance and authority to quote

Terms, Conditions & Eligibility

• EMD: Not specified in listed data; ensure clarification in ATC and attachments
• Eligibility: IRDA-registered insurer or broker with valid license; POA may be required
• Submission: Include Annexure-A (BoQ Scope), Annexure-B (Bid Security Declaration), Attachments of restrictions under Rule 144(xi)
• Financials: Latest IRDA annual fee receipt; financial standing to support insurance service
• Execution: Terms and performance risk to be clarified in ATC; ensure compliance with IS/IRDA norms
• Delivery/Payment: Not specified; confirm payment terms in ATC attachments and policy terms
• Warranty/Support: Not detailed; verify policy tenure, renewal, and claim settlement timelines