Bid Publish Date
24-Jan-2025, 4:57 pm
Bid End Date
10-Feb-2025, 5:00 pm
Location
Progress
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!
| 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 |
| 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 |
Quantity
2567
Bid Validity
120 (Days)
Bid Type
Service
Evaluation
Total value wise evaluation
Tech Clarification Time
2 Days
Arbitration Clause
No
Mediation Clause
No
Tender Category
Service
Bid To RA
No
Bid To RA Enabled
No
Item Category
Group Term Insurance Service - Permanent Employees; Natural death
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Main Document
Referenced Document
Referenced Document
Referenced Document
Experience Criteria
Certificate (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
Key insights about UTTAR PRADESH tender market
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.
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.
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.
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.
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.