GEM

Central Institute Of Plastics Engineering And Technology CIPET Solan Group Personal Accident Insurance for Students Tender 2025

Bid Publish Date

20-Nov-2025, 5:15 pm

Bid End Date

01-Dec-2025, 6:00 pm

Bid Opening Date

01-Dec-2025, 6:30 pm

Value

₹10,000

Location

SOLAN , HIMACHAL PRADESH

Progress

Issue20-Nov-2025, 5:15 pm
AwardPending
Explore all 4 tabs to view complete tender details

Quantity

1

Bid Type

Two Packet Bid

Key Highlights

  • • Organization: Central Institute Of Plastics Engineering And Technology (CIPET), Solan, Himachal Pradesh
  • • Category: Group Personal Accident Insurance Service - Students (accidental death only)
  • • Estimated value: ₹10,000.00
  • • Location: Solan, Himachal Pradesh 171102
  • • Flexibility: contract quantity/duration may vary up to 25% at issue
  • • Excess Settlement: additional charges allowed up to a specified percentage with documentation
  • • No BOQ items; no explicit specifications published; clarification needed on coverage terms
  • • Submission prerequisites typically include GST, PAN, and prior experience in similar insurance procurements

Categories 2

INSURANCE SERVICE ACCIDENTAL INSURANCE

Tender Overview

Central Institute Of Plastics Engineering And Technology (CIPET), under the Department Of Chemicals And Petrochemicals, seeks Group Personal Accident Insurance Service - Students (accidental death only) for the Solan, Himachal Pradesh campus. Estimated value is ₹10,000.00 with no specified EMD. The scope appears to cover student beneficiaries, with a focus on accidental death risk coverage, to be delivered within the institute’s academic framework. A code-flexible contract clause allows up to 25% adjustment in quantity or duration at issue and post-issuance, indicating scalable coverage. The tender emphasizes service delivery aligned to student safety during institute activities in Solan (PIN 171102).

Technical Specifications & Requirements

  • No formal technical specifications are provided in the tender data.
  • Key data points available include: procurement of Group Personal Accident Insurance Services for students with accidental death coverage; estimated value ₹10,000.00; location Solan, Himachal Pradesh; organization CIPET Solan under the Department of Chemicals and Petrochemicals.
  • Two notable bid terms exist: (1) quantity/duration variability up to 25% at contract issue, (2) Excess Settlement enabling additional charges up to a defined percentage, with mandatory documentary support when invoicing.
  • Absent are standard policy requirements (sum insured, beneficiary definitions, claim process, policy period), so bidders must seek clarifications on coverage specifics, policy period, and beneficiary activation.

Terms, Conditions & Eligibility

  • EMD: Not specified in the tender data; bidders should confirm whether a security deposit is required.
  • Contract Flexibility: Up to 25% increase/decrease in quantity or duration at contract issue; post-issuance same limit applies.
  • Excess Settlement: Additional charges permitted up to a percentage of item-level total value with proper documentation.
  • Delivery/Activation: No explicit policy period or activation terms published; bidders should request exact policy start date and coverage duration.
  • Submission: GST, PAN, and organizational details typically expected; bidders must confirm documentation with CIPET Solan procurement office.

Key Specifications

  • Product/Service: Group Personal Accident Insurance Service for students

  • Coverage focus: accidental death only

  • Estimated value: ₹10,000.00

  • Location: Solan, Himachal Pradesh (171102)

  • Contract flexibility: up to 25% variation in quantity or duration at issue

  • Excess settlement: bidder may include additional charges up to a defined percentage with supporting documents

Terms & Conditions

  • Flexibility window: contract quantity/duration may change up to 25% at issue

  • Excess settlement: allow extra charges up to a percentage with docs

  • Documentation: standard bid documents including GST, PAN, experience certificates

Important Clauses

Payment Terms

Not explicitly defined in the data; bidders should confirm whether payment follows policy premium settlement upon activation or at claim settlement milestones.

Delivery Schedule

No fixed delivery schedule published; bidders must obtain exact policy start date and renewal period from CIPET Solan.

Penalties/Liquidated Damages

No LD clause published; bidders should seek clarification on penalties for non-activation or lapse of policy coverage.

Bidder Eligibility

  • Experience in providing student-focused personal accident insurance

  • Financial capability to underwrite or broker group policies

  • Registration under GST and PAN compliance with government procurement norms

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Historical Data

Required Documents

1

GST registration certificate

2

Permanent Account Number (PAN)

3

Experience certificates for similar insurance procurements

4

Financial statements or solvency proof

5

EMD/Security deposit document (if applicable)

6

Technical bid/compliance certificates related to insurance services

7

OEM/Insurance provider authorizations or brokers (if required by CIPET)

Frequently Asked Questions

Key insights about HIMACHAL PRADESH tender market

How to bid for CIPET Solan student accident insurance tender 2025

Bidders should prepare GST registration, PAN, experience certificates in similar insurance, financial statements, and EMD if required. Seek confirmation on coverage details for accidental death; ensure alignment with 25% flexible quantity/duration and document any excess settlement charges during invoicing.

What documents are required for CIPET Solan insurance procurement

Submit GST certificate, PAN card, company/agency registration, experience certificates for similar programs, financial statements, and any policy compliance certificates. Include insurer/broker authorizations if needed and any BID-specific technical bid documents requested by CIPET Solan.

What are the key eligibility criteria for the CIPET insurance tender in Solan

Eligibility includes prior experience in student insurance or group personal accident policies, financial stability demonstrated by statements, GST registration, and PAN. Bidders should confirm insurer/broker status and provide supporting documents for claim settlement history.

Where to verify coverage terms for accidental death under CIPET Solan bid

Request exact policy terms from CIPET Solan procurement office, including sum insured, beneficiaries, claim process, policy period, and rider conditions. Ensure alignment with accidental death coverage and student beneficiary activation during the academic term.

What is the expected contract flexibility for CIPET Solan insurance

The contract allows up to 25% variation in quantity or duration at issue. Vendors should plan scalable coverage, prepare pricing adjustments accordingly, and document the revised scope during contract issuance.

What is the role of excess settlement in CIPET Solan tender

Excess settlement permits additional charges up to a defined percentage on the item-level value with mandatory supporting documents. Ensure invoicing includes breakdown of base premium and any additional charges with appropriate justification.

When does CIPET Solan plan to activate student accident insurance

No policy start date provided in the tender data; bidders must obtain explicit activation dates and renewal terms from CIPET Solan procurement, and align pricing with the policy duration.

What standards or compliance are expected for this CIPET Solan bid

Specific standards are not published; bidders should confirm any government or insurance regulatory requirements applicable to group personal accident policies for students in Himachal Pradesh and provide compliance evidence.