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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

24-Jan-2026, 12:00 pm

Value

₹2,07,680

Location

DURG , CHHATTISGARH

Latest Corrigendum Available

Progress

Issue06-Jan-2026, 4:52 pm
Corrigendum16-Jan-2026
AwardPending
Explore all 4 tabs to view complete tender details

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

INSURANCE SERVICE ACCIDENTAL INSURANCE

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)

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

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Required Documents

1

IRDAI registration certificate (documentary proof)

2

Company registration documents

3

GST registration certificate

4

PAN card

5

Audited financial statements for the last 2-3 years

6

Prior experience certificates in group insurance services

7

Technical bid outlining coverage terms and policy details

8

Authorization/appointment letters from insurers (if applicable)

Corrigendum Updates

3 Updates
#1

Update

16-Jan-2026
#2

Update

16-Jan-2026

Extended Deadline

24-Jan-2026, 12:00 pm

Opening Date

24-Jan-2026, 12:30 pm

#3

Update

16-Jan-2026

Extended Deadline

21-Jan-2026, 11:00 am

Opening Date

21-Jan-2026, 11:30 am

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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