Bids are Invited For Group Term Insurance Service - Registered workers of TBOCWW Board Only; Natural death in HYDERABAD, TELANGANA

The eligibility requirements include being a registered entity within the insurance sector, possessing the necessary financial and operational capabilities to provide group term insurance services, and having a valid license to operate in the region. Bidders must ensure they meet all these criteria to qualify for consideration.

Bidders must provide relevant certificates such as a valid insurance operating license, proof of registration as an insurance provider, and documentation demonstrating compliance with IRDAI standards. Additionally, any prior performance certificates or testimonials could strengthen the application.

The registration process requires bidders to create an account on the designated procurement platform, where they can fill out the necessary forms, upload required documents, and submit their proposal electronically. It is crucial to follow all instructions provided on the platform to complete the registration.

The tender specifies that all document submissions should be in commonly accepted formats such as PDF, DOCX, or XLSX. Bidders should ensure that all documents are legible and properly formatted to facilitate the evaluation process.

Bidders need to consider the performance security requirements which may involve submitting an Earnest Money Deposit (EMD). Payment terms will outline how and when the insurance premiums will be collected, along with procedures related to claims disbursement and any incentives for early payment.