Contract Bidding Open For Group Personal Accident Insurance Service - Contract Employees, Permanent Employees; Only accidenta in GAUTAM BUDDHA NAGAR, UTTAR PRADESH
Bid Publish Date
24-Apr-2025, 12:52 pm
Bid End Date
08-May-2025, 7:00 pm
Value
₹51,884
Location
Progress
A tender has been published for Pawan Hans Limited Group Personal Accident Insurance Service - Contract Employees, Permanent Employees; Only accidental death (not natural), Permanent total disability, Permanent partial disability, Temporary disabilities in GAUTAM BUDDHA NAGAR, UTTAR PRADESH. Quantity: 422 by. Submission Deadline: 08-05-2025 19: 00: 00. Check eligibility and apply.
Technical Results
| S.No | Seller | Date | Status |
|---|---|---|---|
| 1 | GO DIGIT GENERAL INSURANCE LIMITED Under PMA | 05-05-2025 12:49:39 | |
| 2 | ICICI LOMBARD GENERAL INSURANCE COMPANY LIMITED Under PMA | 30-04-2025 12:33:17 | |
| 3 | NATIONAL INSURANCE COMPANY LIMITED Under PMA | 02-05-2025 17:44:19 | |
| 4 | SBI GENERAL INSURANCE COMPANY LIMITED Under PMA | 05-05-2025 11:45:08 | |
| 5 | THE NEW INDIA ASSURANCE COMPANY LIMITED Under PMA | 05-05-2025 12:11:51 | |
| 6 | THE ORIENTAL INSURANCE COMPANY LIMITED Under PMA | 08-05-2025 16:21:49 |
Financial Results
| Rank | Seller | Price | Item |
|---|---|---|---|
| L1 | GO DIGIT GENERAL INSURANCE LIMITED Under PMA | Item Categories : Group Personal Accident Insurance Service - Contract Employees, Permanent Employees; Only accidenta | |
| L2 | NATIONAL INSURANCE COMPANY LIMITED Under PMA | Item Categories : Group Personal Accident Insurance Service - Contract Employees, Permanent Employees; Only accidenta | |
| L3 | SBI GENERAL INSURANCE COMPANY LIMITED Under PMA | Item Categories : Group Personal Accident Insurance Service - Contract Employees, Permanent Employees; Only accidenta | |
| L4 | ICICI LOMBARD GENERAL INSURANCE COMPANY LIMITED Under PMA | Item Categories : Group Personal Accident Insurance Service - Contract Employees, Permanent Employees; Only accidenta | |
| L5 | THE ORIENTAL INSURANCE COMPANY LIMITED Under PMA | Item Categories : Group Personal Accident Insurance Service - Contract Employees, Permanent Employees; Only accidenta | |
| L6 | THE NEW INDIA ASSURANCE COMPANY LIMITED Under PMA | Item Categories : Group Personal Accident Insurance Service - Contract Employees, Permanent Employees; Only accidenta |
Contract / Result Documents 1
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Tender Data
Bid Details
Quantity
422
Bid Type
Two Packet Bid
Bid Validity
90 (Days)
Bid Type
Service
Evaluation
Total value wise evaluation
Tech Clarification Time
2 Days
Requirements
Experience Required
3 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 Personal Accident Insurance Service - Contract Employees, Permanent Employees; Only accidental death (not natural), Permanent total disability, Permanent partial disability, Temporary disabilities
Authority Records
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Documents 5
GeM-Bidding-7765234.pdf
Main Document
BOQ Document
BOQ
Other Documents
OTHER
Scope Of Work Document
SCOPE_OF_WORK
GEM General Terms and Conditions Document
GEM_GENERAL_TERMS_AND_CONDITIONS
Corrigendum Updates
2 Updates Update
Extended Deadline
08-May-2025, 1:30 pm
Opening Date
08-May-2025, 2:00 pm
Update
Extended Deadline
08-May-2025, 4:30 am
Opening Date
08-May-2025, 5:00 am
Required Documents
Experience Criteria
Bidder Turnover
Certificate (Requested in ATC)
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 UTTAR PRADESH tender market
What are the eligibility requirements for GEM/2025/B/6163145?
The eligibility requirements for this tender include being a legally registered entity with the requisite insurance licensing, financial stability, and experience in providing similar insurance services. Interested bidders must also ensure they can cover the total quantity of 422 employees and must submit appropriate registrational proof to participate in the bidding process.
What technical specifications must be met for the insurance service?
Proposals must detail the technical specifications of the insurance being offered, which should adhere to industry standards regarding coverage types, exclusions, and quality assurance protocols. All bidders must also demonstrate compliance with relevant quality standards and compliance requirements that govern the insurance industry to be considered.
Can you explain the payment terms related to the tender?
The payment terms will typically include the schedule for installments based on service delivery milestones. Bidders must present a clear financial proposal that outlines how and when payments will be made, along with considerations for the Earnest Money Deposit (EMD) and performance guarantees that ensure accountability and timely service deliverables.
How should proposals be submitted in response to the tender?
Proposals must be submitted through the designated electronic tender submission portal. Bidders must ensure that their submissions include all required documentation in the specified formats, ensuring they meet the criteria for acceptance. The queries related to submission methods and documentation formats will also be addressed within the portal's guidelines.
What benefits are available for Micro, Small, and Medium Enterprises (MSEs) participating in the tender?
MSEs participating in this tender can take advantage of dedicated provisions aimed at promoting inclusivity in the bidding process. These may include relaxation in eligibility criteria, lower EMD requirements, and opportunities to showcase local capabilities, thereby aligning with the Make in India initiative and local procurement rules.