NHPC Limited Hydro Power Group Term Insurance Tender Faridabad Haryana 2026 – One-Year Coverage for NHPC Employees
Progress
Tender Overview
NHPC Limited, Hydro Power division, located in Faridabad, Haryana, seeks a Group Term Life Insurance service to cover NHPC employees under the NHPC Group Insurance Scheme for a period of one year. The scope includes life coverage for natural death, accidental death, suicide, and other causes. Although BOQ items are not listed, the contract clearly contemplates a year-long insurance service with potential quantity/duration adjustments up to 25%. The opportunity targets insurers with robust group life capabilities and familiarity with government-administrative procurement processes in Haryana. Key differentiators include the mandated Integrity Pact and certificate submission requirements, underscoring compliance emphasis.
Technical Specifications & Requirements
- Product/Service: Group Term Life Insurance for NHPC employees under NHPC Group Insurance Scheme
- Location: Faridabad, Haryana (121001)
- Coverage Period: one year; potential contract variation up to 25% as per ATC
- Coverage Scope: natural death, accidental death, suicide, and all kinds of death scenarios
- BOQ: No items listed; no quantitative schedule available
- Compliance: upload all required certificates/documents; adhere to Buyer Added Terms and ATC
- Documents: Integrity Pact required; bidder to upload signed copy
- ATC: includes Organization-specific terms; refer to uploaded ATC document
- EMD/Value: Not specified in available data; bidders should verify in ATC
- Assessment: Focus on insurers with group premium administration, claim settlement capability, and regulatory compliance with Indian insurance guidelines
Terms, Conditions & Eligibility
- Quantity/Duration Flexibility: 25% up/down variation allowed at issuance and during contract execution
- Integrity Pact: mandatory submission of signed Integrity Pact per organizational policy
- Certificates: failure to upload required certificates/documents may lead to rejection
- Documentation: mandatory bid submission documents as per bid document, ATC, and corrigenda
- BOQ: no items specified; ensure readiness to scale with contract extension or scope changes
- ATC Compliance: adhere to buyer-specific ATC terms and conditions
- Delivery/Start: not specified; bidders should align with NHPC procurement timelines upon award
- Warranty/Support: not specified; insurers should outline service-level expectations in technical bid
Key Specifications
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Group Term Life Insurance for NHPC employees under NHPC Group Insurance Scheme
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Coverage period: 1 year; potential 25% scope/duration adjustment
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Coverage categories: natural death, accidental death, suicide, all kinds of death including suicide
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Location: Faridabad, Haryana; no BOQ quantity specified
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Certification requirements: Integrity Pact; upload all required certificates
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Delivery/implementation: as per ATC; ensure claims processing capability for NHPC staff
Terms & Conditions
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25% quantity/duration variation permitted by Buyer at issue and during contract
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Mandatory Integrity Pact submission; compliance with organization policy
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Certificate/document submissions required; non-submission may lead to rejection
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No BOQ items; scope hinges on ATC terms and insurance service capabilities
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EMD/financial guarantees not clearly specified in available data
Important Clauses
Payment Terms
Not explicitly specified in available data; verify in ATC. Expect standard insurance premium payment terms per NHPC procurement.
Delivery Schedule
Not specified; bidders should align with NHPC procurement timelines and onboarding processes after award.
Penalties/Liquidated Damages
Not specified in available data; check ATC for SLA-based penalties or performance guarantees.
Bidder Eligibility
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Experience in provisioning group term life insurance for large employee cohorts
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Demonstrated financial stability and annual turnover meeting bidder thresholds (as per ATC)
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Compliance with Integrity Pact and mandatory bid documents
Tender Data
Bid Details
Quantity
1
Bid Type
Two Packet Bid
Bid Validity
120 (Days)
Bid Type
Service
Evaluation
Total value wise evaluation
Tech Clarification Time
3 Days
Preference & Exemptions
EMD Required
No
MII Compliance
Yes
MSE Purchase Preference
Yes
MSE Preference Band
L1+15%
MSE Exemption/Relaxation
Yes
Startup Exemption/Relaxation
Yes
Bid Splitting Applied
No
Requirements
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
Group Term Insurance Service - Group Term Life Insurance Coverage for NHPC Employees under NHPC Group Insurance Scheme for the period of one year-----As per Buyer ATC; Natural death, Accidental death, Suicide, All kind of death including suicide
Payment Timelines
Payments shall be made to the Seller within 45 days of issue of service delivery acceptance certificate (SDAC) and on-line submission of bills (This is in supersession of 10 days time as provided in clause 12 of GeM GTC)
Delivery Details
Delivery Locations
1
Delivery Cities
Faridabad
Delivery Pincodes
121003
Delivery Locations
| Consignee | Address | City | State | Pincode | Quantity | Delivery Days | Additional Requirement |
|---|---|---|---|---|---|---|---|
| Anirudh Singh | 121003,NHPC LIMITED, NHPC OFFICE COMPLEX, SECTOR 33, FARIDABAD, HARYANA | Faridabad | Haryana | 121003 | Project / Lumpsum Based | - | Number of People to be insured : 4678 Total Sum Insured : 23390000000 |
Authority Records
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Documents 6
GeM-Bidding-9797244.pdf
Main Document
Other Documents
OTHER
Other Documents
OTHER
Other Documents
OTHER
GEM General Terms and Conditions Document
GEM_GENERAL_TERMS_AND_CONDITIONS
GEM General Terms and Conditions Document
GEM_GENERAL_TERMS_AND_CONDITIONS
Categories
2
Required Documents
GST registration
Permanent Account Number (PAN) card
Experience certificates in group life insurance provisioning
Financial statements / turnover evidence
EMD/Security deposit documentation (if applicable per ATC)
Technical bid documents demonstrating compliance with IS/IFRS standards as applicable to insurance
OEM/Insurance provider authorizations (if applicable)
Signed Integrity Pact
Frequently Asked Questions
Key insights about HARYANA tender market
How to bid for NHPC group term life insurance tender in Faridabad
To bid for the NHPC Faridabad group term life insurance, submit required documents (GST, PAN, experience certificates, financials) and sign the Integrity Pact. Ensure compliance with ATC terms, and prepare a robust bid highlighting claims handling, policy terms, and premium structure for a one-year coverage.
What documents are required for NHPC insurance bid in Faridabad
Required documents include GST registration, PAN card, experience certificates in group life insurance, financial statements, EMD documentation if applicable, technical bid demonstrating policy administration capabilities, and signed Integrity Pact. Upload all certificates per bid conditions to avoid rejection.
What is the scope of coverage for NHPC employee life insurance
Coverage includes natural death, accidental death, suicide, and all kinds of death scenarios under the NHPC Group Insurance Scheme for NHPC employees, mapped to a one-year policy term with potential 25% scope variation as per ATC.
What are the key eligibility criteria for NHPC procurement
Eligibility requires experience in group life insurance for large employee bases, financial stability evidenced by turnover, and compliance with Integrity Pact. Also, bidders must provide all required bid documents and certificates as specified in the ATC and terms.
When does NHPC Faridabad insurance tender require submission
Submission timing aligns with NHPC procurement schedule as per ATC; exact deadlines are published in the ATC document. Ensure all mandatory certificates and Integrity Pact are uploaded with the bid for successful consideration.
What are the payment terms for NHPC insurance supply
Payment terms are specified in the ATC; typically premium payments are on a periodic basis aligned with policy renewal cycles. Ensure clarity on premium payment cadence, invoicing, and any upfront or milestone payments within the bid documentation.
What standards or certifications are required for NHPC life insurance bid
Bidders must comply with organization-specific integrity requirements and provide certificates as per bid documents. Ensure proof of regulatory compliance for life insurance operations and relevant insurance certifications where applicable.
How to verify integrity pact compliance for this tender
Download and sign the Integrity Pact from the provided link in the bid documents, then upload the signed copy with the technical bid. Ensure full adherence to anti-corruption norms throughout bid preparation and contract execution.