Mecon Limited Group Personal Accident Insurance Tender Ranchi Jharkhand 2026 - Accidental Death, Disability Coverage for Employees

Tender Overview

Mecon Limited, operating in Ranchi, Jharkhand 829205, seeks a service provider to furnish group personal accident insurance for its permanent employees. The policy covers accidental death, permanent total disability, permanent partial disability, and temporary disabilities. Scope focuses on employee risk protection rather than natural death scenarios. The climate of the contract allows buyer flexibility under ATC provisions to adjust contract quantity or duration by up to 50% pre- and post-issue. This procurement emphasizes a lump-sum service contract approach, with adaptation allowances subject to service provider consent. The tender emphasizes adherence to ITT and the requirement to review the uploaded employee list in the ATC file. The absence of a BOQ indicates a service-oriented insurance engagement rather than goods supply, with emphasis on coverage terms, claims handling, and administration. Unique aspects include the explicit allowance for contract scope variation and the need to align with specified employee data for accurate premium calculation and risk pooling.

Technical Specifications & Requirements

• Organization: Mecon Limited (Ranchi, Jharkhand) – Group Personal Accident Insurance Service for permanent employees
• Coverage scope: Accidental death, permanent total disability, permanent partial disability, temporary disabilities
• Policy format: Lump-sum based service contract with admin and claims handling requirements
• ATC-specific clause: Quantity/duration can be adjusted up to 50% with consent; post-issue adjustments capped at 50%
• Documentation: Employee list must be uploaded under ATC; refer ITT for submission specifics
• No BOQ items present; emphasis on insurance terms, renewal terms, and service levels

Terms, Conditions & Eligibility

• EMD/guarantee: Not explicitly specified in data; bidders should verify in ITT/ATC documents
• Delivery/implementation: Insurance coverage to commence as per contract award; delivery tied to policy issuance and onboarding of employees
• Payment terms: Not disclosed; bidders should obtain exact terms from ITT and ATC documents
• Documents required: GST, PAN, financials, experience certificates, insurer authorizations, and OEM/underwriter approvals as applicable; ensure ITT/ATC alignment
• Penalties/SLAs: Not detailed; bidders must confirm service levels, claim settlement timelines, and penalties in the final contract
• Eligibility: Must align with Mecon Limited’s ITT and ATC, including list-based eligibility tied to employee data