Ratnagiri Gas And Power Private Limited Group Term Insurance Service for Permanent Employees Maharashtra 2026

Bidders should submit signed scope of work and terms & conditions, along with signed Forms & Annexures. Ensure compliance with prevailing insurance norms for death and illness coverage, and be prepared for the 25% option clause on quantity or duration. Include any required financial documents and proof of legitimacy.

Submit signed scope of work, signed terms and conditions, and stamped Forms & Annexures. While EMD details aren’t provided here, confirm with the procurement office. Ensure authorization to bid, and provide any organization-specific registration documents as requested.

The specification includes natural death, accidental death, suicide, animal bite, and coverage for pre-existing illnesses as per prevailing norms. Ensure the policy terms align with these categories and verify inclusions/exclusions in the final bid documents.

Eligibility focuses on prior experience in group term insurance, ability to meet prevailing norm-based coverage, and submission of required forms. Financial stability documentation may be requested; verify with the tender issuing authority and provide substantive insurance-related references.

No explicit delivery timeline is provided in the data. Bidders should prepare for ongoing service provisioning aligned to contract start, with performance milestones defined in the final terms. Confirm commencement dates and renewal cycles during bid clarification.

The buyer may adjust contract quantity or duration by up to 25% at issue and must accept revised terms. Bidders should model pricing and service levels to accommodate potential increases or decreases and build flexibility into policy administration and payroll integration.

Submit duly signed and stamped copies of all Forms & Annexures as part of the bid package. Ensure legibility, proper authorization, and consistent branding with your organization’s official letterhead to satisfy procurement documentation standards.

The tender specifies coverage per prevailing insurance norms. Bidders must align policy terms with standard industry practices for group term insurance, including definitions of covered events, exclusions, claim processes, and beneficiary provisions as applicable.