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Fertilisers And Chemicals Travancore Limited Group Personal Accident Insurance Tender Ernakulam Kerala 2026 IRDAI

Bid Publish Date

25-Feb-2026, 11:02 pm

Bid End Date

07-Mar-2026, 2:00 pm

Location

ERNAKULAM , KERALA

Progress

Issue25-Feb-2026, 11:02 pm
AwardPending
Explore all 3 tabs to view complete tender details

Quantity

2

Bid Type

Two Packet Bid

Categories 2

INSURANCE SERVICE ACCIDENTAL INSURANCE

Tender Overview

The Fertilisers And Chemicals Travancore Limited (FACT) invites bids for Group Personal Accident Insurance Service and Workmen Compensation Policy to cover employees and workmen at its Ernakulam, Kerala location. The procurement scope focuses on IRDAI-licensed insurers capable of issuing the required policies. No BOQ items or explicit quantity data are published, and the Estimated Value is not disclosed. The tender emphasizes compliance with buyer-provided terms and includes an ATC document for bidder reference. This opportunity targets insurance providers registered with IRDAI and authorized to issue the specified policies, ensuring regulatory alignment and competitive pricing. A key differentiator is the official precondition that only IRDAI-licensed insurers may participate, underscored by the uploaded ATC document. Unique context includes domestic policy issuance and sector-specific risk coverage for workers.

Technical Specifications & Requirements

  • Product category: Group Personal Accident Insurance Service and Workmen Compensation Policy
  • Eligibility: Insurance company registered with IRDAI and approved to issue the policies mentioned in the tender document
  • ATC: Bid-specific ATC document uploaded and accessible to bidders
  • Standards/Compliance: IRDAI licensing as a prerequisite to quote; no technical performance metrics disclosed
  • Policy scope: Employee and workmen accident coverage; details not provided in data
  • Location scope: FACT facilities located in Ernakulam, Kerala
  • Documentation: Access the ATC document for submission guidelines; verify policy wordings and endorsements
  • Quantity/Value: Not disclosed; no BOQ items present

Terms, Conditions & Eligibility

  • EMD: Not disclosed in data
  • Eligibility: Only IRDAI-registered insurers approved to issue the specified policies may quote
  • Documentation: Refer to uploaded ATC document for submission requirements
  • Delivery/Policy issuance: Not specified; rely on policy issuance timelines in ATC
  • Payment terms: Not specified in available data
  • Penalties/Warranty: Not specified in available data
  • Compliance: Adherence to buyer-specified ATC clauses and policy endorsements

Key Specifications

  • Product/Service: Group Personal Accident Insurance Service + Workmen Compensation Policy

  • Eligibility: IRDAI-registered insurer approved to issue the specified policies

  • Documentation: ATC document uploaded; bidder must reference and comply

  • Coverage scope: employee and workmen accident coverage (details not provided)

  • Geography: Ernakulam, Kerala facility coverage

  • Standards: IRDAI licensing compliance required

  • Pricing/Quotations: Not disclosed; rely on ATC guidance

  • Submission: Adhere to ATC terms and conditions

Terms & Conditions

  • IRDAI-registered insurer eligibility is mandatory

  • Refer to ATC document for submission guidelines

  • Policies must cover Group Personal Accident and Workmen Compensation

Important Clauses

Payment Terms

Not specified in available data; payment terms to be outlined in ATC

Delivery Schedule

Policy issuance timelines to be defined within ATC and tender terms

Penalties/Liquidated Damages

Not specified in current data; check ATC for LD provisions

Bidder Eligibility

  • Must hold IRDAI registration and be approved to issue Group Personal Accident Insurance and Workmen Compensation policies

  • Evidence of prior underwriting experience in corporate insurance for Kerala-based operations

  • Financial ability (solvency) to underwrite the proposed policies

  • Willingness to comply with uploaded ATC terms and conditions

Documents 5

GeM-Bidding-9043743.pdf

Main Document

Other Documents

OTHER

Other Documents

OTHER

Buyer uploaded ATC document

ATC

GEM General Terms and Conditions Document

GEM_GENERAL_TERMS_AND_CONDITIONS

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Required Documents

1

GST registration certificate

2

PAN card

3

IRDAI registration certificate (valid to quote for Group Personal Accident Insurance and Workmen Compensation policies)

4

Experience certificates in commercial insurance underwriting

5

Financial statements or solvency certificates demonstrating capacity to underwrite

6

EMD/Security deposit (as per ATC provisions)

7

Technical bid documents and policy wordings proposed

8

OEM/InsurerAuthorization letters (if applicable)

9

Any policy endorsements or riders proposed

Frequently Asked Questions

Key insights about KERALA tender market

How to bid for FACT insurance tender in Ernakulam Kerala 2026

Bidders must be IRDAI-registered and approved to issue the specified policies. Prepare the updated ATC document, submit GST, PAN, financial statements, and insurer credentials. Ensure policy wordings align with Group Personal Accident Insurance and Workmen Compensation requirements and adhere to Ernakulam submission guidelines.

What documents are required for insurance tender in Kerala

Submit IRDAI license copy, GST certificate, PAN, latest financial statements, experience certificates in underwriting, and ATC-compliant policy wordings. Include insurer authorization letters if applicable and the EMD as directed by the ATC. Ensure all documents reflect Ernakulam Kerala operations.

What standards apply to IRDAI insured tenders in Kerala 2026

Tenders require IRDAI licensing and adherence to policy issuance guidelines. Insurers must provide Group Personal Accident Insurance and Workmen Compensation policies compliant with IRDAI regulations, along with endorsed policy wordings and riders as specified in the uploaded ATC document.

When is the submission deadline for the FACT insurance bid in Kerala

The precise deadline is defined in the ATC document uploaded by FACT. Bidders should review the ATC for the exact date and ensure all required documents, endorsements, and bid forms are submitted before the stated closing time to avoid rejection.

What is the EMD amount for the Kerala insurance bid

EMD requirements are specified in the ATC document; current data does not disclose the exact amount. Bidders must consult the ATC to obtain the correct EMD value, payment method, and submission deadline to ensure compliance.

How to ensure compliance with the Workmen Compensation policy tender in Kerala

Ensure your quotation includes a Workmen Compensation policy that meets IRDAI standards, includes necessary endorsements, and reflects Kerala statutory requirements. Attach insurer credentials, policy wordings, and ATC-specified rider terms, with timely issuance plans for Ernakulam operations.

What documents prove eligibility for the FACT IRDAI insurance tender

Proof of IRDAI registration, current license validity, and approval to issue the intended policies are mandatory. Provide financial solvency evidence, prior underwriting experience, and ATC-compliant policy terms. Include GST, PAN, and a complete set of bid forms per ATC.

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