Group Personal Accident Insurance Service - Permanent Employees; As per RFP
N/a
WEST DELHI, DELHI
Progress
Quantity
1
Bid Type
Two Packet Bid
Organization: Bihar Gramin Bank (Regional Rural Banks) – seeking Group Personal Accident Insurance Service for Permanent Employees in Patna, Bihar. Procurement aligned to an open RFP process with terms applicable per the attached RFP. The contract may allow small adjustments in duration or quantity up to 25% at issue and, once issued, can be increased within that cap. No BOQ items are listed, indicating a service-centric insurance agreement with scope defined in the RFP. The opportunity centers on providing comprehensive accident cover for bank staff under a government-affiliated procurement framework. A key differentiator is alignment with ATC clauses permitting quantity/duration adjustments, ensuring bidders plan for scalable coverage in response to demand.
Group Personal Accident Insurance for permanent employees
Patna, Bihar coverage area
ATC quantity/duration variation up to 25%
RFP-aligned scope with attached terms and conditions
No BOQ items listed; service contract focus
Key Term 1: Quantity/duration may vary up to 25% at contract issue
Key Term 2: All terms governed by attached RFP
Key Term 3: Standard bid documents required (GST, PAN, financials)
Payment terms to be defined in RFP; bidders should expect policy premium payments and settlement timelines per contract
Delivery/issuance of insurance coverage as per award; renewal cycles to be specified in policy
Penalties for non-compliance or delayed policy issuance to be outlined in RFP and terms
Valid insurance license/registration for group personal accident products in Bihar
Experience certificates in similar government/PSU insurance contracts
Financial solvency supporting ability to underwrite group insurance contracts
Tender Category
Service
Bid To RA
No
Bid To RA Enabled
No
Item Category
Group Personal Accident Insurance Service - Permanent Employees; As per RFP
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Main Document
OTHER
SCOPE_OF_WORK
GEM_GENERAL_TERMS_AND_CONDITIONS
N/a
WEST DELHI, DELHI
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LUCKNOW, UTTAR PRADESH
Punjab And Sind Bank
SOUTH DELHI, DELHI
Department Of Posts
CENTRAL DELHI, DELHI
Indian Rubber Manufactures Research Association (irmra)
THANE, MAHARASHTRA
Tender Results
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GST Registration Certificate
Permanent Account Number (PAN) Card
Experience certificates in group personal accident insurance
Financial statements (last 2-3 years)
EMD/Security deposit documentation (as per RFP)
Technical bid documents and policy compliance declarations
OEM authorizations or insurer partnership letters (if required)
Any RFP-specified compliance certificates
| S.No | Seller | Date | Status |
|---|---|---|---|
| 1 | NATIONAL INSURANCE COMPANY LIMITED Under PMA | 16-03-2026 13:57:50 | |
| 2 | THE NEW INDIA ASSURANCE COMPANY LIMITED Under PMA | 16-03-2026 14:26:08 | |
| 3 | THE ORIENTAL INSURANCE COMPANY LIMITED Under PMA | 16-03-2026 14:38:35 | |
| 4 | UNITED INDIA INSURANCE COMPANY LIMITED Under PMA | 16-03-2026 15:20:13 |
| Rank | Seller | Price | Item |
|---|---|---|---|
| L1 | NATIONAL INSURANCE COMPANY LIMITED Under PMA | Item Categories : Group Personal Accident Insurance Service - Permanent Employees; As per RFP | |
| L2 | THE ORIENTAL INSURANCE COMPANY LIMITED Under PMA | Item Categories : Group Personal Accident Insurance Service - Permanent Employees; As per RFP | |
| L3 | THE NEW INDIA ASSURANCE COMPANY LIMITED Under PMA | Item Categories : Group Personal Accident Insurance Service - Permanent Employees; As per RFP | |
| L4 | UNITED INDIA INSURANCE COMPANY LIMITED Under PMA | Item Categories : Group Personal Accident Insurance Service - Permanent Employees; As per RFP |
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Key insights about BIHAR tender market
Bidders must submit GST, PAN, financial statements, experience certificates, and EMD as specified in the RFP. Ensure insurer credentials, group policy templates, and claims process alignment with Bihar procurement rules. Follow the RFP for policy coverage, SLAs, and variation rights under ATC Clause up to 25%.
Submit GST certificate, PAN card, last 3 years financials, prior experience certificates in similar insurance, insurer authorization, technical bid, and EMD as per tender terms. Ensure policy docs meet RFP coverage specifics and local compliance in Patna.
Refer to the RFP for coverage scope; ensure submissions align with group personal accident policy requirements for permanent employees and any ISI/ISO-related endorsements if specified in the RFP.
The ATC permits up to 25% variation before contract award and up to 25% after issuance, within the same cap, requiring bidders to accept revised quantities or duration as per the tender.
The procurement target is Patna, Bihar for Bihar Gramin Bank’s permanent employee group accident insurance, as defined in the RFP and ATC terms.
Bihar Gramin Bank – Regional Rural Banks division governs the procurement; terms and ATC are aligned with the attached RFP and this tender’s conditions.
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Main Document
OTHER
SCOPE_OF_WORK
GEM_GENERAL_TERMS_AND_CONDITIONS