Regional Rural Banks (RRB) Group Personal Accident Insurance Tender Lucknow Uttar Pradesh 2026 - Accidental Death Coverage for Permanent Employees

Bidders should prepare corporate credentials, GST and PAN, 2-3 years financials, insurance license, IRDA compliance proof, and prior group accident insurance experience. The ATC will specify EMD (if any), delivery timelines, and 25% adjustment terms. Ensure policy covers accidental death for permanent staff only.

Submit GST certificate, PAN card, insurer license, IRDA compliance docs, last 3 years financial statements, client references for similar schemes, technical bid papers, and any OEM authorizations. EMD proof must accompany the bid if mandated in ATC.

The tender specifies Group Personal Accident Insurance with coverage limited to accidental death for permanent employees. No natural death cover or itemized rider details are provided; expect a standard master policy with additional rider options to be clarified in ATC.

The exact activation date is not disclosed in the available data. Bidders should confirm the policy start timeline in the ATC and contract documents and align implementation with government payment cycles and renewal terms.

Payment terms are not specified in the data. Anticipate treasury-based premium remittance with defined settlement SLA in the contract; the ATC will clarify whether premium is paid upfront or in installments tied to policy duration.

The EMD amount is not stated in the provided data. Check the ATC for the exact EMD or security deposit, and ensure readiness to submit digital or DD-based payment as specified by the tender.

Bidders should prove capacity to underwrite large-group risk, prior similar scheme experience, financial stability, GST/PAN compliance, and IRDA alignment. The ATC will specify minimum turnover, solvency, and service-level requirements for claims handling.

Expect IRDA compliance and adherence to government procurement norms. The ATC will detail mandatory certifications, policy exclusions, coverage limits, and renewal procedures to ensure alignment with statutory requirements.