Contract Bidding Open For Group Term Insurance Service - Permanent Employees, Contract Employees, AS INDICATED IN TENDER; Nat in GAUTAM BUDDHA NAGAR, UTTAR PRADESH
Bid Publish Date
29-Jan-2025, 11:57 am
Bid End Date
14-Feb-2025, 12:00 pm
Location
Progress
Public procurement opportunity for Projects And Development India Limited (pdil) Group Term Insurance Service - Permanent Employees, Contract Employees, AS INDICATED IN TENDER; Natural death, Accidental death, Pre-Existing Illnesses, TERMINAL ILLNESS AND ANY OTHER CASE AS MENTIONED IN TENDER AND ANY OTHER CAUSE in GAUTAM BUDDHA NAGAR, UTTAR PRADESH. Quantity: 379 issued by. Submission Deadline: 14-02-2025 12: 00: 00. View full details and respond.
Technical Results
| S.No | Seller | Date | Status |
|---|---|---|---|
| 1 | Life Insurance Corporation of India Under PMA | 11-02-2025 13:22:35 | |
| 2 | MAX LIFE INSURANCE COMPANY LIMITED Under PMA | 10-02-2025 18:32:20 | |
| 3 | PRAMERICA LIFE INSURANCE LIMITED Under PMA | 04-02-2025 18:19:43 | |
| 4 | SBI LIFE INSURANCE COMPANY LIMITED Under PMA | 14-02-2025 11:22:26 |
Financial Results
| Rank | Seller | Price | Item |
|---|---|---|---|
| L1 | PRAMERICA LIFE INSURANCE LIMITED Under PMA | Item Categories : Group Term Insurance Service - Permanent Employees, Contract Employees, AS INDICATED IN TENDER; Nat | |
| L2 | SBI LIFE INSURANCE COMPANY LIMITED Under PMA | Item Categories : Group Term Insurance Service - Permanent Employees, Contract Employees, AS INDICATED IN TENDER; Nat | |
| L3 | Life Insurance Corporation of India Under PMA | Item Categories : Group Term Insurance Service - Permanent Employees, Contract Employees, AS INDICATED IN TENDER; Nat |
Tender Data
Bid Details
Quantity
379
Bid Validity
90 (Days)
Bid Type
Service
Evaluation
Total value wise evaluation
Tech Clarification Time
2 Days
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 - Permanent Employees, Contract Employees, AS INDICATED IN TENDER; Natural death, Accidental death, Pre-Existing Illnesses, TERMINAL ILLNESS AND ANY OTHER CASE AS MENTIONED IN TENDER AND ANY OTHER CAUSE
Authority Records
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Documents 4
GeM-Bidding-7444112.pdf
Main Document
Details of Term Insurance needed:1738131556.pdf
Referenced Document
Buyer uploaded ATC document Click here to view the file .
Referenced Document
attached categories, trials are allowed as per approved procurement policy of the buyer nodal Ministries)
Referenced Document
Corrigendum Updates
1 Update Update
Extended Deadline
14-Feb-2025, 6:30 am
Opening Date
14-Feb-2025, 7:00 am
Required Documents
Experience Criteria
Certificate (Requested in ATC)
Additional Doc 1 (Requested in ATC)
Additional Doc 2 (Requested in ATC)
Additional Doc 3 (Requested in ATC)
Additional Doc 4 (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 Group Term Insurance Services?
The eligibility requirements for bidders include being a registered entity in the insurance sector and possessing relevant experience in delivering similar insurance services. Furthermore, financial stability and a proven record of providing comprehensive term insurance coverage are essential. Bidders seeking exemptions from experience or turnover criteria must upload supporting documents to demonstrate their qualification for evaluation.
What technical specifications must bidders meet for the Group Term Insurance tender?
Bidders must comply with specified technical specifications laid out in the tender documentation, including ensuring that their insurance policies cover a range of contingencies such as natural death, accidental death, terminal illnesses, and pre-existing conditions. Compliance with the stated quality standards and technical requirements is crucial for the proposal to be accepted.
What are the performance security requirements for bidders in this tender?
Bidders are required to provide a performance security deposit as specified in the tender documentation. This deposit ensures compliance with the terms of the contract and is a measure to guarantee satisfactory execution of the awarded contract. Details regarding the amount and payment terms are stipulated in the tender documents.
What methods are accepted for the submission of documents in this tender?
Submissions must be made online through the designated platform. All required documents, including technical and financial proposals, must be uploaded in the formats specified in the tender guidelines to ensure compliance with submission criteria.
What benefits do Micro, Small, and Medium Enterprises (MSEs) have in this tender?
The tender encourages participation from Micro, Small, and Medium Enterprises (MSEs) by offering special provisions that make the bidding process more accessible. These provisions align with government policies, including 'Make in India,' aimed at boosting local manufacturing and creating fair procurement opportunities for smaller enterprises, ensuring they have equitable chances to win contracts.