Group Personal Accident Insurance Service - Permanent Employees; Only accidental death (not natural
Madras Fertilizers Limited (mfl)
TIRUVALLUR, TAMIL NADU
Posted:
5 January 2026
Closed:
20 January 2026
GEM
GEM
Regional Rural Banks (RRB) Group Personal Accident Insurance Tender Lucknow Uttar Pradesh 2026 - Accidental Death Coverage for Permanent Employees
Bid Publish Date
22-Jan-2026, 7:36 pm
Bid End Date
04-Feb-2026, 3:00 pm
Value
₹6,00,00,000
Location
Progress
Issue22-Jan-2026, 7:36 pm
Technical02-Apr-2026, 2:28 pm
Financial
AwardCompleted
Quantity
1
Bid Type
Two Packet Bid
Key Highlights
- • CRITICAL brand/insurer requirements not specified; confirm if multi-year master policy is required
- • Technical standards or regulatory compliance expected: IRDA/IRDAI alignment and government insurance norms
- • Unique clause: quantity/duration can shift by up to 25% before and after contract issuance
- • Eligibility criteria likely include large-group underwriting capability and prior group accident insurance experience
- • Warranty/AMC: explicit post-sale service commitments and claims settlement SLA to be defined
- • Penalty framework or performance bonds not clearly defined; verify in ATC
Categories
2
Tender Overview
The Regional Rural Banks (rrb), Department of Financial Services, invites bids for a Group Personal Accident Insurance Service covering Permanent Employees with a focus on accidental death. The estimated contract value is ₹60,000,000 for the Lucknow, Uttar Pradesh region (PIN 226001). The scope targets life protection for government-backed bank employees, with a potential quantity/duration adjustment of up to 25% during tender issuance and post-award. No BOQ line items are published, indicating a consolidated policy procurement rather than itemized hardware or services. The procurement emphasizes risk-transfer, insurer reliability, and alignment with statutory insurance norms. The absence of detailed technical specs suggests a standard master policy with rider options and employer premium remittance. Tender timing, renewal terms, and PKI security expectations should be clarified in the ATC and contract documents. This opportunity is distinctive in its employee-benefit insurance scope across a government financial services network in Lucknow. Vendors should prepare capacity to underwrite large-group risk, provide clear claims handling, and demonstrate regulatory compliance to bid successfully.
Key Specifications
-
Group Personal Accident Insurance Service for permanent employees
-
Accidental death coverage only; no natural death coverage
-
Contract value approximately ₹60,000,000
-
25% quantity/duration adjustment permissible pre- and post-issue
-
Lucknow, Uttar Pradesh coverage area; ZIP 226001
Terms & Conditions
-
25% contract quantity/duration flex before and after award
-
₹60,000,000 estimated value with government procurement norms
-
Accidental death coverage only for permanent employees
Important Clauses
Payment Terms
Details to be provided in ATC; expect government treasury-based premium remittance and SLA-linked settlements
Delivery Schedule
No fixed start date published; confirm policy activation timeline in ATC
Penalties/Liquidated Damages
Not specified; to be defined in contract; review SLA for settlement timelines and penalties
Bidder Eligibility
-
Demonstrated experience in providing group insurance solutions for large organizations
-
Ability to underwrite and administer policies for government banks in Uttar Pradesh
-
Sufficient financial stability to support a ₹60,000,000 contract
Additional Tender Data
Commercial Details
Tender Category
Service
Bid To RA
No
Bid To RA Enabled
No
Item Category
Group Personal Accident Insurance Service - Permanent Employees; Only accidental death (not natural)
Authority Records
MINISTRY OF FINANCEFINANCIAL SERVICES DEPARTMENT
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Documents 4
GeM-Bidding-8874327.pdf
Main Document
Other Documents
OTHER
Buyer uploaded ATC document
ATC
GEM General Terms and Conditions Document
GEM_GENERAL_TERMS_AND_CONDITIONS
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(Historical Results)
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Posted:
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Tender Results
Loading results...
Required Documents
1
GST registration certificate
2
PermanentAccount Number (PAN) card
3
Experience certificates for previous group insurance implementations
4
Financial statements (last 2-3 years)
5
Proof of insurer license and IRDA compliance
6
Previous client references for group accident insurance
7
Technical bid documents and OEM authorizations (if applicable)
8
EMD submission proof (if required by ATC)
Technical Results
| S.No | Seller | Date | Status |
|---|---|---|---|
| 1 | ADITYA BIRLA HEALTH INSURANCE CO. LIMITED Under PMA | 04-02-2026 14:28:00 | |
| 2 | BAJAJ GENERAL INSURANCE LIMITED Under PMA | 04-02-2026 12:26:19 | |
| 3 | CARE HEALTH INSURANCE LIMITED Under PMA | 04-02-2026 13:54:26 | |
| 4 | GO DIGIT GENERAL INSURANCE LIMITED Under PMA | 04-02-2026 13:21:04 | |
| 5 | INDUSIND GENERAL INSURANCE COMPANY LIMITED Under PMA | 04-02-2026 14:56:43 | |
| 6 | MANIPALCIGNA HEALTH INSURANCE COMPANY LIMITED Under PMA | 04-02-2026 14:12:43 | |
| 7 | NATIONAL INSURANCE COMPANY LIMITED Under PMA | 04-02-2026 10:59:46 | |
| 8 | SHRIRAM GENERAL INSURANCE COMPANY LIMITED Under PMA | 04-02-2026 13:16:21 | |
| 9 | THE NEW INDIA ASSURANCE COMPANY LIMITED Under PMA | 04-02-2026 12:30:58 | |
| 10 | THE ORIENTAL INSURANCE COMPANY LIMITED Under PMA | 04-02-2026 14:10:18 | |
| 11 | UNITED INDIA INSURANCE COMPANY LIMITED Under PMA | 04-02-2026 14:57:50 |
Financial Results
| Rank | Seller | Price | Item |
|---|---|---|---|
| L1 | CARE HEALTH INSURANCE LIMITED Under PMA | Item Categories : Group Personal Accident Insurance Service - Permanent Employees; Only accidental death (not natural | |
| L2 | NATIONAL INSURANCE COMPANY LIMITED Under PMA | Item Categories : Group Personal Accident Insurance Service - Permanent Employees; Only accidental death (not natural | |
| L3 | UNITED INDIA INSURANCE COMPANY LIMITED Under PMA | Item Categories : Group Personal Accident Insurance Service - Permanent Employees; Only accidental death (not natural | |
| L4 | ADITYA BIRLA HEALTH INSURANCE CO. LIMITED Under PMA | Item Categories : Group Personal Accident Insurance Service - Permanent Employees; Only accidental death (not natural | |
| L5 | GO DIGIT GENERAL INSURANCE LIMITED Under PMA | Item Categories : Group Personal Accident Insurance Service - Permanent Employees; Only accidental death (not natural | |
| L6 | MANIPALCIGNA HEALTH INSURANCE COMPANY LIMITED Under PMA | Item Categories : Group Personal Accident Insurance Service - Permanent Employees; Only accidental death (not natural | |
| L7 | THE ORIENTAL INSURANCE COMPANY LIMITED Under PMA | Item Categories : Group Personal Accident Insurance Service - Permanent Employees; Only accidental death (not natural | |
| L8 | INDUSIND GENERAL INSURANCE COMPANY LIMITED Under PMA | Item Categories : Group Personal Accident Insurance Service - Permanent Employees; Only accidental death (not natural | |
| L9 | THE NEW INDIA ASSURANCE COMPANY LIMITED Under PMA | Item Categories : Group Personal Accident Insurance Service - Permanent Employees; Only accidental death (not natural | |
| L10 | SHRIRAM GENERAL INSURANCE COMPANY LIMITED Under PMA | Item Categories : Group Personal Accident Insurance Service - Permanent Employees; Only accidental death (not natural |
Frequently Asked Questions
Key insights about UTTAR PRADESH tender market
How to bid for Lucknow group accident insurance tender in 2026?
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.
What documents are required for government accident insurance tender in Lucknow?
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.
What are the technical specs for accidental death coverage in this tender?
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.
When is the policy activation date for this Lucknow bid?
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.
What are the payment terms for the Lucknow government insurance contract?
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.
What is the EMD requirement for this regional insurance tender?
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.
What eligibility criteria must insurers meet for Lucknow accident insurance?
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.
What standards or regulatory compliance are required for this bid?
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.
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Documents 4
GeM-Bidding-8874327.pdf
Main Document
Other Documents
OTHER
Buyer uploaded ATC document
ATC
GEM General Terms and Conditions Document
GEM_GENERAL_TERMS_AND_CONDITIONS