Rourkela Steel Plant GPAIS Coverage for Apprentice Trainee Insurance Tender Odisha 2026 IRDA

Tender Overview

Rourkela Steel Plant (SAIL) seeks GPAIS coverage for the Apprentice trainee engaged in RSP including OGoM in Sundergarh, Odisha. Tender contemplates coverage for up to 1500 apprentices with a sum insured of ₹10,00,000 per trainee. Total estimated quantity is 1500 EA, with a lump-sum GeM project basis quote for the full cohort. The contract scope centers on providing Group Personal Accident Insurance during the apprenticeship period (up to 12 months), with management contributions by RSP. Midterm inclusion is allowed, responding to staggered joiners, while premium is calculated on a per-trainee basis. This is a service contract focused on insurance provisioning for PSU-level workforce training programs.

Key differentiators include IRDA-approved insurers, demonstrated GPAIS experience with PSUs/government bodies, and the need to submit comprehensive corporate credentials, GST registration, PAN, and authorization documents to validate eligibility. The procurement emphasizes structured financial protection for trainees against accident-related outcomes during training in the assigned work area. The tender emphasizes clear price quotation for all 1500 trainees and GST applicability where relevant, with explicit calculation guidance for premium rates per ₹10 lakhs.

• Tender in Odisha
• Rourkela Steel Plant procurement
• GPAIS coverage for apprentice insurance
• 1500 trainee scope, ₹10,00,000 per trainee
• IRDA-compliant bidders and GPAIS-experienced bidders

Technical Specifications & Requirements

• Product/Service: Group Personal Accident Insurance Scheme (GPAIS) for apprentice trainees, including OGoM coverage.
• Coverage period: up to 12 months of apprenticeship; mid-term inclusion allowed due to staggered joining.
• Sum insured: ₹10,00,000 per trainee; total estimated value based on 1500 trainees.
• Estimated quantity: 1500 EA (one trainee equals one EA).
• Premium quoting method: quote total rate for all 1500 trainees; example: premium per lakh per trainee multiplied by 10 for per-trainee base; GST as applicable.
• Eligibility criteria: IRDA approval to operate insurance business; prior GPAIS experience with PSUs/government entities.
• Submission documents: GSTIN, PAN, bank details, power of attorney/authority letter, complete organizational profile.
• Balance of terms: scheme provides financial assistance for death/PTD/TPD/TLT injuries arising during training; management contribution by RSP.
• Inclusion/adjustment: if a trainee leaves, eligibility ceases and premium is adjusted per communication from SAIL/RSP.

Terms, Conditions & Eligibility

• EMD/Guarantee: Not explicitly stated in provided data (submit as per ATC); bidders must meet IRDA approval criterion and GPAIS experience.
• Experience criteria: proven GPAIS operation for PSUs/government bodies; documented GPAIS implementation history.
• Delivery/Execution: policy active for the training period (max 12 months) with midterm inclusions supported by joining schedules.
• Payment terms: not detailed in data; pricing is quoted as a lump-sum premium for 1500 trainees plus GST as applicable.
• Documents to submit: GSTIN copy, PAN copy, bank details, power of attorney/authority letter, organization profile.
• Warranty/Support: not specified; focus is on insurance coverage and compliant administration.
• Penalties/LD: not specified in provided ATC; any penalties would be as per standard GPAIS/Government contract terms.