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Tender Notice for Group Term Insurance Service - Permanent Employees; Natural death in GAUTAM BUDDHA NAGAR, UTTAR PRADESH

Bid Publish Date

24-Jan-2025, 4:57 pm

Bid End Date

10-Feb-2025, 5:00 pm

Progress

Issue24-Jan-2025, 4:57 pm
Technical02-Oct-2025, 9:46 am
Financial
AwardCompleted

National Fertilizers Limited (nfl) announces a tender for Group Term Insurance Service - Permanent Employees; Natural death in GAUTAM BUDDHA NAGAR, UTTAR PRADESH. Quantity: 2567. Submission Deadline: 10-02-2025 17: 00: 00. Last date to apply is approaching fast!

Technical Results

S.No Seller Date Status
1
BAJAJ ALLIANZ LIFE INSURANCE COMPANY LIMITED   Under PMA
10-02-2025 15:16:07
2
ICICI PRUDENTIAL LIFE INSURANCE COMPANY LIMITED   Under PMA
10-02-2025 14:30:19
3
Life Insurance Corporation of India   Under PMA
07-02-2025 19:51:16
4
MAX LIFE INSURANCE COMPANY LIMITED   Under PMA
10-02-2025 13:18:54
5
STAR UNION DAI-ICHI LIFE INSURANCE COMPANY LIMITED   Under PMA
07-02-2025 16:24:08

Financial Results

Rank Seller Price Item
L1
Life Insurance Corporation of India   Under PMA
Item Categories : Group Term Insurance Service - Permanent Employees; Natural death
L2
BAJAJ ALLIANZ LIFE INSURANCE COMPANY LIMITED   Under PMA
Item Categories : Group Term Insurance Service - Permanent Employees; Natural death
L3
STAR UNION DAI-ICHI LIFE INSURANCE COMPANY LIMITED   Under PMA
Item Categories : Group Term Insurance Service - Permanent Employees; Natural death

Tender Data

Bid Details

Quantity

2567

Bid Validity

120 (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; Natural death

Authority Records

MINISTRY OF CHEMICALS AND FERTILIZERSFERTILIZERS DEPARTMENTNATIONAL FERTILIZERS LIMITED

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Documents 4

GeM-Bidding-7427182.pdf

Main Document

Details of Term Insurance needed:1737716874.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

Required Documents

1

Experience Criteria

2

Certificate (Requested in ATC) *In case any bidder is seeking exemption from Experience / Turnover Criteria

3

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 tender GEM/2025/B/5865270?

The eligibility requirements include being a registered entity capable of providing insurance services. Bidders must have a minimum of 5 years of relevant past experience in the insurance sector. Furthermore, Micro, Small, and Medium Enterprises (MSEs) may be exempted from experience requirements, provided they submit suitable documentation to support their claim.

What certificates are required for the bidding process?

Bidders must submit a range of required certificates, as specified in the tender documentation. This includes proof of past experience, financial capacity, and compliance with any specific technical requirements outlined in the Additional Terms and Conditions (ATC). Bidders are also encouraged to include any relevant certifications pertinent to the insurance services being provided.

How do you register for tender submission?

To participate in the tender, bidders must complete the registration process on the GEM portal. This includes creating an account, providing necessary documentation, and ensuring that all eligibility criteria are met according to the tender's specifications. Detailed instructions can be found in the tender document.

What are the required document formats for submission?

Bidders must ensure that all submitted documents are in the specified accepted document formats, typically in PDF or relevant file formats as outlined in the tender document. It's essential to follow the guidelines to ensure all papers are duly considered during the evaluation process.

What are the payment terms specified in the tender?

The payment terms for this tender will be contingent upon meeting specific deliverables and service benchmarks as delineated in the contractual agreement. Bidders should review the tender document closely to understand the payment options, including performance security requirements, pricing evaluations, and milestones triggering payments.