Tender Notice for Liability Insurance Service - Director and Officer liability coverage in LUCKNOW, UTTAR PRADESH
Bid Publish Date
12-Mar-2025, 5:36 pm
Bid End Date
02-Apr-2025, 4:00 pm
Value
₹4,00,000
Location
Progress
Public procurement opportunity for Small Industries Development Bank Of India (sidbi) Liability Insurance Service - Director and Officer liability coverage in LUCKNOW, UTTAR PRADESH. Quantity: 1 issued by. Submission Deadline: 02-04-2025 16: 00: 00. View full details and respond.
Technical Results
| S.No | Seller | Date | Status |
|---|---|---|---|
| 1 | ICICI LOMBARD GENERAL INSURANCE COMPANY LIMITED Under PMA | 27-03-2025 17:49:40 | |
| 2 | NATIONAL INSURANCE COMPANY LIMITED Under PMA | 02-04-2025 15:48:29 | |
| 3 | THE ORIENTAL INSURANCE COMPANY LIMITED Under PMA | 02-04-2025 14:40:14 |
Financial Results
| Rank | Seller | Price | Item |
|---|---|---|---|
| L1 | ICICI LOMBARD GENERAL INSURANCE COMPANY LIMITED Under PMA | Item Categories : Liability Insurance Service - Director and Officer liability coverage | |
| L2 | NATIONAL INSURANCE COMPANY LIMITED Under PMA | Item Categories : Liability Insurance Service - Director and Officer liability coverage |
Tender Data
Bid Details
Quantity
1
Bid Type
Two Packet Bid
Bid Validity
90 (Days)
Bid Type
Service
Evaluation
Total value wise evaluation
Tech Clarification Time
2 Days
Preference & Exemptions
Startup Exemption (Experience)
Yes
Requirements
Experience Required
3 Year (s)
Arbitration Clause
No
Mediation Clause
No
Additional Tender Data
Commercial Details
Tender Category
Service
Bid To RA
No
Bid To RA Enabled
No
Item Category
Liability Insurance Service - Director and Officer liability coverage
Authority Records
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Documents 6
GeM-Bidding-7639018.pdf
Main Document
Other Documents
OTHER
Technical Specification/Buyer Specification Document
TECHNICAL
Buyer uploaded ATC document
ATC
Other Documents
OTHER
GEM General Terms and Conditions Document
GEM_GENERAL_TERMS_AND_CONDITIONS
Required Documents
Experience Criteria
Bidder Turnover
Certificate (Requested in ATC) *In case any bidder is seeking exemption from Experience / Turnover Criteria
the supporting documents to prove his eligibility for exemption must be uploaded for evaluation by the buyer
Frequently Asked Questions
Key insights about UTTAR PRADESH tender market
What are the eligibility requirements for GEM/2025/B/6052121?
The eligibility requirements include being a registered entity, possessing relevant licenses for liability insurance services, and demonstrating reputable experience in providing director and officer coverage. Bidders must also have a proven track record of service effectiveness and compliance with all regulatory standards incumbent upon insurance providers.
What technical specifications are required for this liability insurance tender?
Participants must provide a detailed proposal that includes comprehensive technical specifications, including the coverage framework, exclusions, and the claims process. This proposal should adhere to quality standards in the insurance industry, ensuring robustness against potential claims and ensuring adequate risk management.
What is the Earnest Money Deposit (EMD) for this tender?
The Earnest Money Deposit (EMD) requirements will be specified in the tender documentation. Generally, the EMD is a financial commitment that bids must provide to validate their participation in the tender process and demonstrate their serious intention to fulfill bid requirements.
How will submissions be evaluated for the GEM/2025/B/6052121 tender?
The evaluation and selection process will involve a comprehensive assessment of all submissions against the predefined eligibility and evaluation criteria. Factors such as compliance with technical specifications, pricing, and overall value proposition will be considered to identify the most suitable bidder for the liability insurance services required.
Are there benefits for Micro, Small, and Medium Enterprises (MSEs) in this tender?
Yes, specific provisions are made to support Micro, Small, and Medium Enterprises (MSEs), promoting greater participation from this sector. These benefits may include minimal eligibility criteria, financial incentives, and support measures aligned with the principles of 'Make in India' and other local content procurement rules promoting local businesses.