Canara Bank Group Personal Accident Insurance Renewal Tender Bangalore Karnataka 2027
Progress
Key Highlights
- • Official organization: Canara Bank (Department of Financial Services)
- • Tender category: Group Personal Accident Insurance Renewal for employees
- • Location: Bangalore, Karnataka (PIN 560001)
- • Contract flexibility: up to 25% increase/decrease in quantity or duration
- • Eligibility: avoid liquidation/bankruptcy; required undertaking
- • Documentation: submission of certificates as per ATC; mandatory compliance
- • No BOQ items listed; focus on policy renewal capability and service quality
- • ATC and corrigendum govern additional terms; ensure access to uploaded ATC
- • Emphasis on risk management alignment and claims processing support
- • Policy period: 01/01/2027 to 31/12/2027
Tender Overview
Canara Bank, Department of Financial Services, invites bids for the renewal of Group Personal Accident Insurance for Canara Bank employees for the period 01/01/2027 to 31/12/2027 at the Bangalore, Karnataka location. The opportunity targets insurers to provide renewal coverage for all eligible employees, with the contract potentially adjusting scope by up to 25% at tender issuance or during execution per ATC. While the estimated value and EMD are not disclosed, bidders must ensure compliance with Bank-wide procurement norms and certification requirements. This tender emphasizes continuity of coverage, administrative support, and timely claims processing, with emphasis on reliability and regulatory compliance for government-related employee benefits.
Technical Specifications & Requirements
- No technical specifications are published in the tender data; bidders should prepare to demonstrate capability to administer and renew a Group Personal Accident Insurance policy for banking employees.
- Expected deliverables include policy issuance, premium collection alignment, claim settlement support, and reporting aligned with Canara Bank’s internal risk management standards.
- Bidders should be ready to address policy duration alignment with calendar year and potential scope adjustments up to 25% as per ATC and contract terms.
- Consider including experience in corporate/group insurance renewals, insurer-backed omnichannel servicing, and robust claimant support frameworks.
- Documentation should reflect ability to maintain confidentiality, compliance with financial-services procurement norms, and prompt grievance resolution.
Terms, Conditions & Eligibility
- 25% price/quantity/duration flexibility permitted at contract issuance and during execution.
- Bidders must demonstrate sound financial standing; avoid liquidation or bankruptcy and upload an undertaking.
- Failure to submit required certificates/documents can lead to bid rejection per ATC and corrigendum, if any.
- Compliance with buyer-added terms and ATC is mandatory; ensure readiness to view and adhere to uploaded ATC documentation.
- No BOQ items exist for this tender; emphasis rests on policy renewal capabilities, service level commitments, and regulatory alignment.
Key Specifications
-
Product/service names: Group Personal Accident Insurance renewal for Canara Bank employees
-
Quantities/scope: policy renewal coverage for bank employees for 2027; no BOQ
-
Estimated value: not disclosed
-
Experience: capability in corporate/group insurance renewals
-
Quality/compliance: adherence to financial services procurement norms; timely claims support
-
Testing/quality: process for premium billing and claim settlements
Terms & Conditions
-
Key Term 1: 25% scope flexibility at contract issue and during execution
-
Key Term 2: Mandatory certificates and ATC compliance to avoid bid rejection
-
Key Term 3: No BOQ items; focus on renewal capability and service quality
Important Clauses
Payment Terms
Not specified in data; bidder should expect payment terms per Canara Bank procurement norms and ATC
Delivery Schedule
Policy renewal and servicing aligned with calendar year 2027; delivery of policy documents and claims support as per ATC
Penalties/Liquidated Damages
Not detailed in data; bidders should review ATC for SLA and penalties related to service gaps
Bidder Eligibility
-
Financial stability with no liquidation or bankruptcy
-
Experience in corporate or group insurance renewals
-
Submission of all required certificates and ATC-compliant documents
Tender Data
Bid Details
Quantity
1
Bid Type
Two Packet Bid
Bid Validity
30 (Days)
Bid Type
Service
Evaluation
Total value wise evaluation
Tech Clarification Time
3 Days
Preference & Exemptions
EMD Required
No
MII Compliance
Yes
MSE Purchase Preference
Yes
MSE Preference Band
L1+15%
MSE Exemption/Relaxation
Yes
Startup Exemption/Relaxation
Yes
Bid Splitting Applied
No
Requirements
Arbitration Clause
No
Mediation Clause
No
Additional Tender Data
Commercial Details
Tender Category
Service
Bid To RA
No
Bid To RA Enabled
No
Item Category
Group Personal Accident Insurance Service - Selection of Insurer for Renewal of Group Personal Accident Insurance Policy for Canara Bank employees for a period of One Year from 01/01/2027 to 31/12/2027; AS PER RFP
Payment Timelines
Payments shall be made to the Seller within 45 days of issue of service delivery acceptance certificate (SDAC) and on-line submission of bills (This is in supersession of 10 days time as provided in clause 12 of GeM GTC)
Pre-Bid & Qualification
Pre-Bid Date
29-10-2026 16:00:00
Pre-Bid Venue
1. Pre-bid meeting will be held on the date and time mentioned in the GeM Bid Document. Venue: Pre-bid meeting will be held Online and participants are requested to attend the meeting Online. Those who are interested in participating the Pre-bid meeting should share the participant details to [email protected]. Upon perusal of the same, the link / meeting id will be shared to the participant to participate in the virtual meeting. 2. Pre bid queries should be submitted as per format available in clause 1.1 of Section D. Pre-bid Queries should be sent to E-mail [email protected] must reach us on or before 27/10/2026, Tuesday at 5.00 PM. Subject of the email should be given as Pre-bid Queries for GEM/2026/B/8172307 dated 17/10/2026 . Queries reaching afterwards will not be entertained.
Delivery Details
Delivery Locations
1
Delivery Cities
Bengaluru Urban
Delivery Pincodes
560001
Delivery Locations
| Consignee | Address | City | State | Pincode | Quantity | Delivery Days | Additional Requirement |
|---|---|---|---|---|---|---|---|
| Hanumanthu Rao Vanne | 560001,Canara Bank DIT Wing Head Office (Annexe) No. 14 M G Road Naveen Complex Bangalore-560001 | Bengaluru Urban | Karnataka | 560001 | Project / Lumpsum Based | - | No. of People to be Insured : 84995 Total Sum Insured : 58254500000 |
Authority Records
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Documents 6
GeM-Bidding-10048138.pdf
Main Document
Other Documents
OTHER
Other Documents
OTHER
Buyer uploaded ATC document
ATC
GEM General Terms and Conditions Document
GEM_GENERAL_TERMS_AND_CONDITIONS
GEM General Terms and Conditions Document
GEM_GENERAL_TERMS_AND_CONDITIONS
Categories
3
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Required Documents
GST registration certificate
Pan card copy
Experience certificates in group insurance renewals
Financial statements or solvency certificate
EMD / security deposit (as applicable per ATC)
Technical bid/financial bid submissions as per buyer terms
OEM authorizations or insurer licenses (as required)
Certificate of non-liquidity / undertaking (no bankruptcy)
Frequently Asked Questions
Key insights about KARNATAKA tender market
How to bid for Canara Bank group accident insurance renewal in Bangalore
Bidders must submit GST, PAN, experience certificates, financial statements, and EMD per ATC. Provide insurer credentials and proof of corporate renewal capability; ensure compliance with Canara Bank procurement norms and view the uploaded ATC for specific terms and deadlines.
What documents are required for Canara Bank insurance renewal procurement 2027
Submit GST certificate, PAN, corporate financials, insurer license, group insurance renewal experience, and any OEM authorizations if applicable. Include undertaking of non-liquidation and ensure all certificates align with ATC requirements to avoid bid rejection.
What is the eligibility criteria for the Canara Bank group accident tender
Eligible bidders must demonstrate financial stability, no liquidation, and prior experience in group insurance renewals. They must submit mandatory certificates as per ATC and comply with Canara Bank procurement norms for premium handling and claims support.
Which delivery terms apply to the 2027 Canara Bank renewal contract
Policy renewal should cover the calendar year 2027 (01/01/2027 to 31/12/2027). The vendor should provide timely policy issuance, premium collection alignment, and claims processing support as per ATC specifications.
What documentation confirms compliance with Canara Bank ATC
Provide the ATC document access link or attachment, along with certificates specified in the ATC and any corrigendum. Ensure all terms are acknowledged and included in the bid submission to prevent rejection.
What are the 25% flexibility terms in the Canara Bank insurer tender
The buyer can adjust contract quantity or duration by up to 25% at issuance and up to 25% during execution. For lumpsum-based renewals, scope and value may also expand by 25% with consent.
When is the renewal period for Canara Bank employee insurance in 2027
The renewal period spans the calendar year 2027, specifically from 01/01/2027 to 31/12/2027. Bidders must ensure continuous coverage and timely policy issuance within this timeframe.
What are the penalties for non-compliance in Canara Bank insurance bid
Penalties or liquidated damages are not detailed in the provided data; bidders should review the ATC for SLA penalties, service lapses, and potential LD provisions tied to claims processing and policy delivery.