Group Personal Accident Insurance Service - As per RFP
Bank of India · Mumbai, Maharashtra · Other · open
Key facts
- Tender value: ₹12.0Cr
- Published: 18 Oct 2026
- Closing date: 09 Nov 2026
- Status: open
- Status as of: 19 Oct 2026 22:40 UTC
- Ministry: Ministry of Finance
- Department: Department of Financial Services
- Office: Head Office
Description
Bank of India invites bids for group personal accident insurance for 5,150,077 people, with a total sum insured of 99,999,999,999. The contract period is one year. The estimated bid value is INR 120,000,000. Bidders must have at least three years of similar-service experience and minimum average annual turnover of INR 100,000,000.
Eligibility & requirements
- Experience required: 3 years
- Startup relaxation: No
- MSE relaxation: No
- Certifications: Valid Udyam Certificate (for MSE purchase preference)
- Documents required: Experience Criteria, Bidder Turnover, Additional Doc 1 (Requested in ATC), Additional Doc 2 (Requested in ATC), Additional Doc 3 (Requested in ATC), Additional Doc 4 (Requested in ATC), Copies of relevant contracts/orders supporting similar-service experience, Certified audited balance sheets or a Chartered Accountant/Cost Accountant certificate indicating turnover
New to these terms? Read how tender eligibility criteria work.
Commercial terms
- Bid type: Two Packet Bid
- Evaluation: Total value wise evaluation
- Make in India (MII): Yes
- MSE preference: Yes
Line items (1)
- Group Personal Accident Insurance Service - As per RFP — Qty: 1 Lumpsum
2 tender document(s) available — sign up to download.
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