Balmer Lawrie Group Term Insurance Tender Kolkata West Bengal 2026
Bid Publish Date
01-Sep-2026, 7:30 pm
Bid End Date
24-Sep-2026, 8:00 pm
Value
₹85,00,000
Location
Progress
Key Highlights
- • Balmer Lawrie And Company Limited as the procuring organization
- • Group Term Insurance service scope for permanent, contract, and trainee employees
- • Location: Kolkata, West Bengal; estimated value ₹8,500,000
- • Buyer’s 25% quantity/duration variation right during tender/contract term
- • Lumpsum contract scope adjustments up to 25% with service provider consent
- • ATC/SLA documents referenced; ensure compliance with attached terms
- • No published BOQ or product specifications; focus on service capabilities and governance
- • Policy management, premium collection, renewals, and claims handling are expected deliverables
Tender Overview
Balmer Lawrie And Company Limited invites bids for a Group Term Insurance Service contract to cover Permanent Employees, Contract Employees, Supervisory Trainees in Kolkata, West Bengal. Estimated value: ₹8,500,000. The scope includes life insurance policy provisions for various risk classes such as natural death, accidental death, suicide, animal bite, and pre-existing illnesses. Key differentiators include broad coverage across employee categories and location-specific risk pooling. The tender emphasizes service delivery and policy management within a public procurement framework, with an emphasis on compliance and efficient claim handling. Bidders should assess administrative capacity to issue policies, manage endorsements, and deliver timely renewals, with emphasis on policy administration and customer service.
Technical Specifications & Requirements
- No explicit technical specifications published.
- Tender pertains to a Group Term Insurance service contract rather than a product hardware specification.
- Coverage scope includes multiple employee categories in Kolkata, West Bengal.
- Expected deliverables likely include policy issuance, premium collection, renewals, claims processing, and periodic reporting.
- Potential compliance considerations include standard life insurance governance, data privacy for employee records, and timely claim settlement responsiveness.
- Bidders should prepare to demonstrate experience in managing group term life programs for organizations of similar size and composition.
Terms & Eligibility
- The Buyer has a 25% quantity/duration alteration clause at contract issuance and during execution.
- For lumpsum-based services, scope adjustments may reach up to 25% with the provider’s consent.
- No explicit EMD amount is stated; bidders should confirm payment-security expectations in the ATC and tender documents.
- ATC/SLA clauses exist in uploaded documents; ensure compliance with those terms.
- Submission must address insurance service capabilities, regulatory compliance, and robust claims handling processes.
Key Specifications
-
Product/service category: Group Term Insurance for organizational employees
-
Estimated value: ₹8,500,000
-
Geography: Kolkata, West Bengal
-
Covered risks: natural death, accidental death, suicide, animal bite, pre-existing illnesses
-
No explicit quantitative performance metrics published
-
Mandatory documentation as per ATC/SLA attachments
Terms & Conditions
-
EMD amount not disclosed in basic details; verify in ATC
-
Bidder must satisfy 25% quantity/duration variation rights
-
Lumpsum service adjustments permitted up to 25% with consent
-
ATC/SLA documents govern performance and penalties
-
Policy service deliverables include issuance, renewals, and claims handling
Important Clauses
Payment Terms
Not explicitly stated in basics; verify in ATC and uploaded SLA documents
Delivery Schedule
Policy issuance and renewal timelines to be defined in SLA; ensure prompt policy onboarding
Penalties/Liquidated Damages
Penalties, if any, will be defined in ATC/SLA; bidders should review for SLA-based performance guarantees
Bidder Eligibility
-
Experience in managing group-term life insurance for large employee cohorts
-
Financial solvency demonstrated by last 2-3 years of statements
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Regulatory compliance with Indian life insurance norms and data privacy
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Ability to deliver policy administration, renewals, and claims processing within Kolkata region
Tender Data
Bid Details
Quantity
1
Bid Type
Single Packet Bid
Bid Validity
90 (Days)
Bid Type
Service
Evaluation
Total value wise evaluation
Tech Clarification Time
2 Days
Preference & Exemptions
EMD Required
No
MII Compliance
Yes
MSE Purchase Preference
Yes
MSE Preference Band
L1+15%
MSE Exemption/Relaxation
Yes
Startup Exemption/Relaxation
No
Bid Splitting Applied
No
Requirements
Min. Avg. Annual Turnover
323
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 Term Insurance Service - Permanent Employees, Contract Employees, Supervisory Trainees; Natural death, Accidental death, Suicide, Animal bite, Pre-Existing Illnesses
Payment Timelines
Payments shall be made to the Seller within 30 days of issue of service delivery acceptance certificate (SDAC) and on-line submission of bills (This is in supersession of 10 days time as provided in clause 12 of GeM GTC)
Delivery Details
Delivery Locations
1
Delivery Cities
Kolkata
Delivery Pincodes
700001
Delivery Locations
| Consignee | Address | City | State | Pincode | Quantity | Delivery Days | Additional Requirement |
|---|---|---|---|---|---|---|---|
| Prathamesh Jagannath Mane | 700001,21 Netaji Subhash Road, Kolkata Kolkata | Kolkata | West Bengal | 700001 | Project / Lumpsum Based | - | Number of People to be insured : 1227 Total Sum Insured : 320840640 |
Authority Records
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Documents 7
GeM-Bidding-9833569.pdf
Main Document
Other Documents
OTHER
Other Documents
OTHER
Other Documents
OTHER
Other Documents
OTHER
GEM General Terms and Conditions Document
GEM_GENERAL_TERMS_AND_CONDITIONS
GEM General Terms and Conditions Document
GEM_GENERAL_TERMS_AND_CONDITIONS
Categories
1
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Required Documents
GST registration certificate
PAN card of bidder
Experience certificates of group-term life insurance implementations
Financial statements for last 2-3 years
EMD/Security deposit documents (as applicable per ATC)
Technical bid/documentation demonstrating policy administration capabilities
OEM authorizations or carrier/insurer partnerships (if required by ATC)
Any auxiliary compliance certificates referenced in uploaded ATC/SLA
Frequently Asked Questions
Key insights about WEST BENGAL tender market
How to bid in the Kolkata group term insurance tender by Balmer Lawrie?
Bidders must submit GST, PAN, and financials along with experience certificates for group-term life programs. Review the ATC/SLA for 25% quantity/duration variation rights and ensure compliance with policy administration capabilities, claims processing, and regulatory requirements before bidding.
What documents are required for this group term insurance tender in Kolkata?
Required documents include GST certificate, PAN, up-to-date financial statements, two to three years of relevant experience certificates, and technical bid detailing policy administration and insurer partnerships. EMD details are specified in the ATC; verify and attach accordingly.
What are the key eligibility criteria for the Balmer Lawrie life insurance bid 2026?
Eligibility hinges on demonstrated experience with group-term life programs, financial stability through recent statements, regulatory compliance, and capability to manage policy issuance, renewals, and claims processing for employees in Kolkata.
What are the delivery expectations for policy issuance and renewals?
Delivery expectations are defined in the uploaded SLA; bidders should ensure timely onboarding of existing and new employees, prompt policy issuance, renewal in advance of expiry, and accurate premium collection aligned to organizational payroll cycles.
What standards or certifications are required for Kolkata life insurance bids?
While no explicit standards are listed in the basic data, bidders should align with Indian life-insurance governance norms, data privacy requirements, and demonstrate ISI/ISO-like process controls where applicable in the ATC/SLA.
How does the 25% variation clause affect contract scope in this tender?
The buyer may increase or decrease contract quantity or duration by up to 25% at contract issuance and during execution; service providers must accept revised scope and adjust resources or pricing accordingly.
What is the estimated contract value and location for this tender?
Estimated value is ₹8,500,000 with coverage for employees in Kolkata, West Bengal; bidders should tailor their policy administration capabilities to this regional workforce and regulatory context.