Bids are Invited For Group Term Insurance Service - Registered workers of TBOCWW Board Only; Natural death in HYDERABAD, TELANGANA
Progress
Telangana Boc Workers Welfare Board invites bids for Group Term Insurance Service - Registered workers of TBOCWW Board Only; Natural death in HYDERABAD, TELANGANA. Quantity: 1. Submission Deadline: 03-07-2025 21: 00: 00. Submit your proposal before the deadline.
Technical Results
| S.No | Seller | Date | Status |
|---|---|---|---|
| 1 | CREDITACCESS LIFE INSURANCE LIMITED Under PMA | 02-07-2025 19:37:07 | |
| 2 | Life Insurance Corporation of India Under PMA | 03-07-2025 17:55:12 |
Financial Results
| Rank | Seller | Price | Item |
|---|---|---|---|
| L1 | CREDITACCESS LIFE INSURANCE LIMITED Under PMA | Item Categories : Group Term Insurance Service - Registered workers of TBOCWW Board Only; Natural death | |
| L2 | Life Insurance Corporation of India Under PMA | Item Categories : Group Term Insurance Service - Registered workers of TBOCWW Board Only; Natural death |
Contract / Result Documents 1
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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
Requirements
Min. Avg. Annual Turnover
5000
Experience Required
1 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
Group Term Insurance Service - Registered workers of TBOCWW Board Only; Natural death
Authority Records
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Documents 4
GeM-Bidding-7983855.pdf
Main Document
Other Documents
OTHER
Buyer uploaded ATC document
ATC
GEM General Terms and Conditions Document
GEM_GENERAL_TERMS_AND_CONDITIONS
Corrigendum Updates
1 Update Update
Required Documents
Experience Criteria
Bidder Turnover
Certificate (Requested in ATC)
OEM Annual Turnover
Additional Doc 1 (Requested in ATC)
Additional Doc 2 (Requested in ATC)
Additional Doc 3 (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 TELANGANA tender market
What are the eligibility requirements for Group Term Insurance Services?
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.
What specific certificates are required to apply for this tender?
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.
How can a bidder register for the Group Term Insurance Service tender?
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.
What are the accepted document formats for submission?
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.
What security and payment terms must bidders be aware of?
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.