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Indian Institute Of Management Udapur Rajasthan Mediclaim & Personal Accident Insurance Tender 2026

Bid Publish Date

20-Feb-2026, 2:51 pm

Bid End Date

13-Mar-2026, 3:00 pm

Value

₹20,00,000

Location

UDAIPUR , RAJASTHAN

Progress

Issue20-Feb-2026, 2:51 pm
Corrigendum28-Feb-2026
AwardPending
Explore all 4 tabs to view complete tender details

Quantity

1

Bid Type

Two Packet Bid

Categories 2

SERVICES ACCIDENTAL INSURANCE

Tender Overview

Organization: Indian Institute Of Management (IIM) Udapur, Rajasthan. Procurement: Group Mediclaim Insurance and Personal Accident Insurance services. Estimated value: ₹2,000,000. Location: UdaiPur, Rajasthan 307025. Category: Custom Bid for Services. The tender seeks comprehensive health and personal accident coverage for beneficiaries associated with the institute, without BOQ lines. Unique clause allows a ±25% adjustment to contract quantity or duration at contract issue and post-issuance. This requires a capable insurance provider with robust claim settlement processes.

Technical Specifications & Requirements

  • Product/Service: Group mediclaim insurance and personal accident coverage for staff and potentially dependents.
  • Scope: Insurance services with policy issuance, premium collection, renewal, and claims handling for the specified coverage window.
  • Documentation: No explicit technical specs or policy mandates provided in the tender text; bidders should prepare standard insurance bid documents and policy sample terms.
  • Vendor requirements: Experience in group health and personal accident insurance for academic or public sector entities; ability to meet SLA for claim processing and premium remittance.
  • Key considerations: Compliance with local regulatory requirements and alignment with institute’s risk management framework; flexibility to adjust contract terms within 25% as per Buyer Added Terms.

Terms, Conditions & Eligibility

  • EMD: Not specified in the provided data.
  • Delivery/Duration: Flexible per contract; clause permits ±25% adjustment at issue and post-issuance.
  • Payment terms: Not specified in the tender text.
  • Documents: Standard bidder submission likely required (GST, PAN, financials, prior experience, policy sample terms).
  • Penalties: Not detailed in the provided information; bidders should anticipate standard SLA penalties for delays or non-performance.
  • Warranty/AMC: Not specified; insurers typically provide policy terms rather than warranty.

Key Specifications

  • Group Mediclaim Insurance and Personal Accident Insurance coverage clearly tied to academic institute context

  • Estimated contract value ₹2,000,000

  • Location: UdaiPur, Rajasthan

  • ±25% quantity/duration adjustment authority at contract issue

Terms & Conditions

  • Contract quantity/duration can vary by ±25% at issuance

  • No explicit EMD amount provided in the data

  • No BOQ items; service category is insurance provisioning

Important Clauses

Payment Terms

Not specified in tender data; bidders should seek typical health insurance premium settlement terms during bid submission

Delivery Schedule

Delivery relates to policy issuance and ongoing claim handling; exact schedule to be defined in contract

Penalties/Liquidated Damages

No explicit penalties described in the provided information; standard SLA penalties may apply per contract

Bidder Eligibility

  • Experience in providing group mediclaim and personal accident insurance to organizations

  • Financial stability evidenced by recent financial statements

  • Ability to comply with local regulatory and institute risk management requirements

Documents 9

GeM-Bidding-9019141.pdf

Main Document

Other Documents

OTHER

BOQ Document

BOQ

Other Documents

OTHER

Scope Of Work Document

SCOPE_OF_WORK

Payment Terms & Condition

PAYMENT

Other Documents

OTHER

Other Documents

OTHER

GEM General Terms and Conditions Document

GEM_GENERAL_TERMS_AND_CONDITIONS

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Required Documents

1

BIDDER SUBMISSION documents from Terms and Conditions

2

GST registration certificate

3

PAN card

4

Experience certificates in group health/personal accident insurance

5

Financial statements

6

EMD/Security deposit (if required by final contract)

7

Technical bid documents

8

OEM authorizations (if applicable)

Corrigendum Updates

2 Updates
#1

Update

28-Feb-2026
#2

Update

25-Feb-2026

Frequently Asked Questions

Key insights about RAJASTHAN tender market

How to bid for mediclaim insurance tender in UdaiPur Rajasthan 2026

Bidders should prepare standard insurance bid documents including GST, PAN, and experience certificates; submit a policy sample term sheet aligned with group mediclaim and personal accident coverage; ensure capability to handle premium collection, policy issuance, and claims processing for IIM UdaiPur.

What documents are required for IIM UdaiPur health insurance bid

Submit GST certificate, PAN, financial statements, experience certificates in group health insurance, policy sample terms, and any prior client testimonials; include annual premium volumes handled and evidence of regulatory compliance specific to Rajasthan.

What are the delivery expectations for the insurance contract

Contract delivery centers on timely policy issuance and ongoing claims processing; the Buyer Added Terms allow a ±25% adjustment in quantity or duration at contract issue and post-issuance, requiring flexible resource allocation.

What are the key eligibility criteria for insurer bids in Rajasthan

Eligible bidders must demonstrate experience with group mediclaim and personal accident policies, maintain financial stability, and show ability to adhere to regulatory requirements and institute risk management practices compatible with academic settings.

How to prepare for premium settlement and claim SLA

Provide detailed premium settlement timelines, ROIs, and service level agreements for claim processing; include turnaround times, rejections handling, and dispute resolution aligned with IIM UdaiPur expectations.

What standards or certifications are required for this tender

While specific standards are not listed, bidders should reference applicable insurance regulatory norms and provide policy terms that ensure ISI/BIS-like reliability through credible insurers; include ISO-based process controls if available.

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