IRDAI-Registered General Insurance Tender Central Delhi 2026 - Insurance Services Procurement & IRDAI License Compliance

Tender Overview

The opportunity is a government procurement for general insurance services in Central Delhi, Delhi 110002. Bidders must be IRDAI-registered general insurance companies with a minimum track record of 5 years and a gross written premium of INR 1000 Crores for the FY 2024-25. The bid package includes an optional 25% increase in contract quantity or duration at the time of contract issuance, or up to 25% expansion for lumpsum service contracts with the provider’s consent. Bidders must submit a signed BID DOCUMENT in one submission and provide supporting eligibility documents as outlined in Annexures. The BOQ contains no line items, signaling a broad insurance services scope rather than a fixed-item purchase. The procurement aims to secure a reliable insurer capable of handling large-scale corporate risk and general insurance needs while accommodating potential scope adjustments during contract award.

Technical Specifications & Requirements

• Eligibility Criteria include: IRDAI registration; license validity as of bidding date; minimum 5 years field experience in General Insurance in India; latest license renewal receipt; audited balance sheet/CA certificate with UDIN; gross written premium of INR 1000 Crores for FY 2024-25.
• Required documents include annexures B, C, D, E; authorized signatory proof; covering letter; bidder undertaking; and NIL deviation acknowledgement.
• Quantity/BOQ: No items listed; focus is on financial strength, regulatory compliance, and capability to manage large premium volumes.
• Compliance: Insurance provider must be able to operate under standard government procurement terms and ensure timely policy issuance and claim settlement support.