Life Insurance Corporation of India Trophy (V2) Tender 2026 – Department of Financial Services, Trophy Category, ₹240000, IS/IS-like Standards Not Specified

Bidders should prepare to comply with LIC’s standard bid terms, verify the option clause allowing up to 25% quantity changes, and align delivery planning to the last date of the original order. Since specific documents aren’t listed, ensure readiness for typical submissions and contract compliance.

The tender data does not list explicit documents. Typically bidders should prepare GST certificate, PAN, financial statements, and experience certificates, along with any OEM authorizations if required. Verify with LIC procurement channel for final document checklist before submission.

Delivery starts from the last date of the original delivery order. If quantities increase, the additional time follows the formula (Increased quantity ÷ Original quantity) × Original delivery period, with a mandatory minimum of 30 days.

The tender is valued at ₹240,000. This figure indicates the scale of trophy procurement under the Department of Financial Services for this LIC tender.

The purchaser may increase or decrease quantity by up to 25% at contract signing and during currency. Prices remain at the contracted rate; suppliers must accommodate adjusted quantities without price changes.

EMD details are not provided in the tender data. Bidders should seek official confirmation from LIC procurement to determine if a security deposit or EMD is required and at what amount.

The tender data does not specify penalty clauses. Bidders should confirm any liquidated damages or penalty terms with LIC procurement during bid clarification and ensure delivery plans meet the minimum 30-day extension rule.

No specific product standards are listed in the tender. Bidders should obtain any required quality marks or certifications (if applicable) from LIC procurement and align with common compliance practices for trophy procurement.