Odisha Skill Development and Technical Education Department SUNDERGARH Personal Accident Insurance for Students Tender 2026

Tender Overview

The contract targets a Group Personal Accident Insurance Service for students under the Odisha Skill Development and Technical Education Department, located in SUNDERGARH, ODISHA 769001. The estimated contract value is ₹6,000,000 with an EMD of ₹50,000. The scope centers on accident-only coverage including accidental death, permanent total disability, permanent partial disability, and temporary disabilities for student beneficiaries. The procurement emphasizes a flexible quantity/term approach (up to 25% adjustment) at contract award, with bidders required to align to revised terms if issued. The absence of BOQ items suggests a framework contract or value-based selection rather than itemized deliverables.

• Organization: Odisha Skill Development and Technical Education Department
• Location: SUNDERGARH, Odisha
• Category: Group Personal Accident Insurance Service for Students
• Estimated Value: ₹6,000,000; EMD: ₹50,000
• Key differentiator: 25% adjustment clause for quantity/duration at contract issue and post-award; accident-only coverage scope.
• Unique aspects: No detailed specifications or BOQ; emphasis on insurance service delivery for student beneficiaries.

Technical Specifications & Requirements

The tender data provides no technical specifications or BOQ items. Given the insurance nature, bidders should anticipate standard requirements such as policy coverage terms, beneficiary processes, claim settlement timelines, and compliance with local insurance regulations. Applicants should prepare to demonstrate capability to underwrite student accident risk, provide policy wordings, and furnish surge-protection for enrollment numbers within the 25% flexible window. Deliverables will likely rely on standard student accident insurance provisions and timely premium remittance.

Terms, Conditions & Eligibility

• EMD: ₹50,000 as security for bid submission.
• Quantity/Duration flexibility: up to 25% adjustment at bidding or contract issuance.
• Delivery/Execution: insurance coverage to be activated for student beneficiaries as per policy terms; exact enrollment window not specified.
• Payment terms: not specified; bidders should anticipate premium settlement aligned to policy period.
• BOQ/Items: None provided in tender; implies a coverage-based procurement rather than goods/services line items.
• Eligibility: Must demonstrate capacity to underwrite group student accident risk in Odisha and provide compliant policy documentation.
• Warranty/Penalties: Not specified; bidders should inquire during bid clarifications for SLA/claim settlement penalties.