NTPC Sail Power Company Ltd Group Personal Accident Insurance Service Tender Durg Chhattisgarh 2026 IRDAI
Bid Publish Date
06-Jan-2026, 4:52 pm
Bid End Date
03-Feb-2026, 12:00 pm
Value
₹2,07,680
Location
Progress
Quantity
1
Bid Type
Two Packet Bid
Key Highlights
- • Bidder must hold IRDAI registration with documentary proof
- • Contract quantity/duration adjustments allowed up to 25%
- • Estimated contract value: ₹207,680
- • Location-specific tender: Durg, Chhattisgarh
- • No BOQ items; service-based insurance procurement
- • Compliance with IRDAI regulatory standards required
- • Payment terms and delivery timelines are to be defined in final contract
- • OEM/brand constraints not specified
Categories
2
Tender Overview
NTPC Sail Power Company Ltd invites bids for Group Personal Accident Insurance Service in Durg, Chhattisgarh. Estimated value: ₹207,680. There are currently no BOQ items listed, indicating a service-only insurance procurement. The contract includes a flexible scope clause allowing up to 25% change in quantity or duration at contract issuance and again at award, requiring bidders to accept revised terms. A mandatory eligibility trigger is an IRDAI registration certificate. This procurement targets approved insurers capable of providing employer-wide personal accident coverage under government procurement norms in this region.
- Organization: NTPC Sail Power Company Ltd
- Location: DURG, CHHATTISGARH
- Category: Group Personal Accident Insurance Service
- Estimated Value: ₹207,680
- ATC/Unique Clause: 25% quantity/duration adjustment at issue and post-issuance
- Key differentiator: IRDAI registration required for eligibility
Technical Specifications & Requirements
- Service type: Group Personal Accident Insurance for employees; no BOQ items defined
- Eligibility criterion: bidder must provide valid IRDAI registration documentation
- Contract flexibility: 25% increase/decrease in quantity or duration permitted
- Minimum compliance: insurers must meet statutory insurance regulations under IRDAI
- Data/coverage expectations: comprehensive accident coverage for enrolled employees; terms to be finalized upon contract issuance
- Documentation expectations: evidence of IRDAI registration, financial stability, and policy framework
- Standards: IRDAI regulatory compliance; no other technical specs published
Terms, Conditions & Eligibility
- EMD: Not disclosed in the tender
- Eligibility criteria: IRDAI registration proof required; applicant must demonstrate compliance with regulatory norms
- Delivery/Service period: Not explicitly defined; contract may be adjusted up to 25% at award
- Payment terms: Not specified in the tender documentation
- Documents to submit: IRDAI registration certificate, company registration, financial statements, and service proposal
- Penalties/Warranty: Not specified; to be defined in contract award
- Renewal/AMC: Not mentioned; to be clarified during final Terms & Conditions
Key Specifications
-
Service: Group Personal Accident Insurance for employees
-
Estimated value: ₹207,680
-
Location: Durg, Chhattisgarh
-
Eligibility: IRDAI registration
-
Contract flexibility: up to 25% change in quantity or duration
-
No BOQ items; focus on service delivery and policy terms
-
Regulatory compliance: IRDAI standards
Terms & Conditions
-
IRDAI registration is mandatory for bidder eligibility
-
Contract may adjust quantity/duration by up to 25%
-
No explicit EMD amount published; confirm at bid stage
Important Clauses
Payment Terms
Not specified in the tender; to be detailed in the final contract
Delivery Schedule
Service delivery terms to be defined post-award; 25% adjustment permitted
Penalties/Liquidated Damages
Not specified; to be determined within contract scope
Bidder Eligibility
-
IRDAI registration proof submitted
-
Demonstrated experience in group personal accident insurance
-
Financial stability evidence (audited statements)
Additional Tender Data
Commercial Details
Tender Category
Service
Bid To RA
No
Bid To RA Enabled
No
Item Category
Group Personal Accident Insurance Service - Contract Employees; As per terms and condition
Authority Records
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Documents 5
GeM-Bidding-8796670.pdf
Main Document
BOQ Document
BOQ
Scope Of Work Document
SCOPE_OF_WORK
Other Documents
OTHER
GEM General Terms and Conditions Document
GEM_GENERAL_TERMS_AND_CONDITIONS
Required Documents
IRDAI registration certificate (documentary proof)
Company registration documents
GST registration certificate
PAN card
Audited financial statements for the last 2-3 years
Prior experience certificates in group insurance services
Technical bid outlining coverage terms and policy details
Authorization/appointment letters from insurers (if applicable)
Corrigendum Updates
5 Updates Update
Extended Deadline
03-Feb-2026, 12:00 pm
Opening Date
03-Feb-2026, 12:30 pm
Update
Extended Deadline
29-Jan-2026, 12:00 pm
Opening Date
29-Jan-2026, 12:30 pm
Update
Update
Extended Deadline
24-Jan-2026, 12:00 pm
Opening Date
24-Jan-2026, 12:30 pm
Update
Extended Deadline
21-Jan-2026, 11:00 am
Opening Date
21-Jan-2026, 11:30 am
Technical Results
| S.No | Seller | Date | Status |
|---|---|---|---|
| 1 | INDUSIND GENERAL INSURANCE COMPANY LIMITED Under PMA | 24-01-2026 09:44:38 | |
| 2 | NATIONAL INSURANCE COMPANY LIMITED Under PMA | 16-01-2026 10:48:02 |
Financial Results
| Rank | Seller | Price | Item |
|---|---|---|---|
| L1 | NATIONAL INSURANCE COMPANY LIMITED Under PMA | Item Categories : Group Personal Accident Insurance Service - Contract Employees; As per terms and condition | |
| L2 | INDUSIND GENERAL INSURANCE COMPANY LIMITED Under PMA | Item Categories : Group Personal Accident Insurance Service - Contract Employees; As per terms and condition |
Contract / Result Documents 1
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Frequently Asked Questions
Key insights about CHHATTISGARH tender market
How to bid for group personal accident insurance in Durg?
Bidders must provide IRDAI registration proof, company details, GST, PAN, and financial statements. The tender allows up to 25% quantity/duration adjustments at issue. Ensure your policy proposal meets group coverage needs and complies with IRDAI norms; submit technical bid with policy terms and coverage details.
What documents are required for IRDAI registered insurers
Required documents include IRDAI registration certificate, company registration, GST registration, PAN, last 2-3 years audited financial statements, insurer authorization letters if applicable, and a detailed technical bid outlining coverage and policy terms for group employees.
What are the eligibility criteria for this Ntpc Sail Power tender in 2026
Eligibility hinges on IRDAI registration, demonstrated group insurance experience, and financial stability evidenced by audited statements. Proposals must include policy terms, coverage scope, and compliance with regulatory standards; non-compliance at technical evaluation will lead to rejection.
What are the contract quantity/duration adjustments allowed
The buyer allows up to 25% adjustment in contract quantity or duration at the time of issue and again after award. Bidders must accept revised terms, ensuring policy alignment with the final contract scope and regulatory requirements.
What is the estimated value and location for this insurance bid
The estimated contract value is ₹207,680. The procurement location is Durg, Chhattisgarh. Bidders should tailor policy quotes to cover the stated employee base within this geographic scope and ensure regulatory compliance.
What standards or regulatory compliance are required for this tender
Bidders must be IRDAI registered and demonstrate compliance with applicable Indian insurance regulations. The tender emphasizes IRDAI norms for group accident coverage and requires a robust policy proposal aligned to government procurement practices.
When is the bid submission period and payment terms
Submission deadlines are not specified in the available data; payment terms are not disclosed and will be clarified in the final contract. Prospective bidders should monitor the tender post-issuance for exact dates and payment schedule.
What is required to demonstrate prior experience in group insurance
Provide client references, policy documents, and experience certificates for similar group accident insurance deployments. Include coverage amounts, employee counts, claim handling details, and regulatory approvals to verify capability and compliance.
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Unlock Tender Documents
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Documents 5
GeM-Bidding-8796670.pdf
Main Document
BOQ Document
BOQ
Scope Of Work Document
SCOPE_OF_WORK
Other Documents
OTHER
GEM General Terms and Conditions Document
GEM_GENERAL_TERMS_AND_CONDITIONS