Group Personal Accident Insurance Service - Permanent Employees, Contract Employees; Only accidenta
Indian Institute Of Technology (iit)
ALLAHABAD, UTTAR PRADESH
Bid Publish Date
05-May-2026, 6:12 pm
Bid End Date
22-May-2026, 7:00 pm
Value
₹8,00,000
Location
Progress
Quantity
1
Bid Type
Two Packet Bid
The Indo Tibetan Border Police (ITBP) invites bids for Group Personal Accident Insurance Service covering employees in Lohit district, Arunachal Pradesh 792001. Estimated value is ₹8,00,000 with no BOQ items listed and no explicit EMD amount stated. The contract scope focuses on accidental death and permanent total disability for eligible employees. A key buyer term allows contract quantity or duration adjustments up to 25% before and after contract award, requiring bidder acceptance of revised terms. This procurement targets standardized accident cover managed under government security services.
Product/service: Group Personal Accident Insurance for ITBP employees
Geographic coverage: Lohit district, Arunachal Pradesh
Coverage scope: Accidental death and Permanent Total Disability
Estimated value: ₹8,00,000
Contract flexibility: ±25% quantity/duration pre- and post-award
EMD amount not disclosed; verify during bid submission
Award term allows 25% quantity/duration adjustment
ATC document contains policy-specific conditions and claim process
Payment terms to be defined in ATC; verify the timing and method of settlement for insurance premium and claims handling
Implementation timeline aligned with government procurement; exact dates to be confirmed in ATC and contract
Penalty framework and service levels to be specified in ATC; ensure compliance with ITBP guidelines
Experience in providing group personal accident insurance or similar employee risk cover
Active insurance license/authorization for government-related procurements
Financial stability evidenced by last 2 years of financial statements
Tender Category
Service
Bid To RA
No
Bid To RA Enabled
Yes
Item Category
Group Personal Accident Insurance Service - Contract Employees; Only accidental death (not natural), Permanent total disability
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Main Document
OTHER
SCOPE_OF_WORK
ATC
GEM_GENERAL_TERMS_AND_CONDITIONS
Indian Institute Of Technology (iit)
ALLAHABAD, UTTAR PRADESH
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GST certificate
PAN card
Experience certificates in group personal accident insurance or similar schemes
Financial statements for last 1-2 years
EMD/security deposit (if required per ATC) and payment guarantee
Technical bid documents and insurer authorization/permissions
OEM authorizations (if applicable) and current license/certifications
Identity and address proofs of authorized signatory
Extended Deadline
22-May-2026, 7:00 pm
Opening Date
22-May-2026, 7:30 pm
Key insights about ARUNACHAL PRADESH tender market
Bidders should prepare insurer authorization, GST and PAN, financial statements, experience certificates for similar schemes, and the ATC document with policy limits. Confirm EMD applicability and ensure compliance with local procurement rules before submission. Review the 25% quantity/duration adjustment clause prior to bid submission.
Required documents include GST certificate, PAN card, insurer authorization, experience certificates in similar schemes, last 2 years financial statements, and technical bid documents. Include identity proofs of authorized signatory and any OEM authorizations if applicable to demonstrate eligibility.
Technical scope covers accidental death and permanent total disability for ITBP employees in Lohit. Specific policy limits, claim settlement timelines, and riders will be detailed in the ATC. Ensure coverage aligns with government security service standards and statutory regulations for insurance contracts.
Deadline details are contained in the ATC and contract documents; bidders must monitor official ITBP procurement notices. Ensure submission of all required documents and compliance certificates before the stated closing time to avoid disqualification.
Payment terms will be specified in the ATC/contract; bidders should expect premium payment scheduling and settlement procedures post-inspection/verification. Confirm any advance payments, claim reimbursements, and timelines for processing premia remittance.
Eligibility includes prior experience in similar government or security agency insurance, active license, GST and PAN validity, and demonstrated financial stability. Ensure compliance with ITBP’s procurement policies and provide relevant experience certificates and certifications in the submission.
Access the uploaded ATC document linked with the bid notice to verify policy limits, riders, claim processes, and any special conditions. Ensure all terms align with the contract and prepare to meet any unique clauses before submission.
The estimated value is ₹8,00,000 for group personal accident coverage. Scope includes accidental death and permanent total disability for ITBP employees in Lohit, with bid terms allowing up to 25% adjustments pre- and post-award as specified in the atC.
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Main Document
OTHER
SCOPE_OF_WORK
ATC
GEM_GENERAL_TERMS_AND_CONDITIONS