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Projects And Development India Limited Group Term Insurance Tender 2026 Telangana/India - Term Life Insurance Service ISO compliance

Bid Publish Date

01-Jan-2026, 5:14 pm

Bid End Date

12-Jan-2026, 10:00 am

Location

GAUTAM BUDDHA NAGAR , UTTAR PRADESH

Progress

Issue01-Jan-2026, 5:14 pm
AwardPending
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Quantity

1

Bid Type

Two Packet Bid

Key Highlights

  • • MSE Purchase Preference eligibility with documentary evidence
  • • 25% quantity or duration flexibility at contract issue and post-issuance
  • • BOQ requires price-offer copy with price hidden and GST percentage explicit
  • • No specified EMD amount; bidders should confirm in bids
  • • Service type: Group Term Insurance for contract and permanent employees
  • • Coverage: natural death, accidental death, terminal illness
  • • Certificate/document upload mandatory per bid conditions and ATC/Corrigendum
  • • Department of Fertilizers involvement through PDIL; public procurement context

Categories 1

INSURANCE SERVICE

Tender Overview

Projects And Development India Limited (PDIL) invites bids for a Group Term Insurance Service covering contract and permanent employees with death and terminal illness benefits. The tender scope lacks explicit location data and a quoted estimated value, with no BOQ items. A core differentiator is the bid-specific acceptance of a revised contract quantity or duration up to 25% at issue and post-issuance. Bidders must comply with all uploaded certificates and the price confirmation copy requirement, including GST percentage. The tender emphasizes MSE purchase preference, requiring documentary evidence to be uploaded for eligibility. The process seeks a service provider rather than a product supplier, focused on comprehensive life insurance coverage for government-aligned staffing. The absence of detailed start/end dates or geographical scope suggests nationwide applicability pending clarification. PDIL procurement under the Department of Fertilizers signals a public-sector insurance services engagement with standard government bid clauses.

Technical Specifications & Requirements

  • Service type: Group Term Insurance for both contract employees and permanent employees.
  • Benefits described in category: natural death, accidental death, and terminal illness covers.
  • Documentation: Bid must upload all certificates/documents sought in the Bid document, ATC, and any Corrigendum.
  • SOW/BOQ: A priced offer copy with price left blank; indicate as “Quoted” with GST percentage.
  • Purchase preference: MSEs eligible; manufacturer for goods, service provider for services; evidence required; L-1+15% matching allowed.
  • Quantity/Duration flexibility: Up to 25% increase/decrease at bid issue; post-issuance up to 25% allowed.

Terms, Conditions & Eligibility

  • EMD amount not specified in the data; bidders should verify in terms and submit as required.
  • Purchase preference: MSE benefit as per policy; documentary evidence must be uploaded.
  • Delivery/Timeline: Not explicitly defined; ensure alignment with tender terms upon clarification.
  • Documents: GST registration, PAN, registration certificates, experience proof, and financials typically required; upload all required certificates with bid.
  • Payment terms: Not specified; confirm standard government procurement payment terms during bid submission.
  • Warranty/Support: Not stated; verify post-award service commitments and claim processes in terms.

Key Specifications

  • Service: Group Term Insurance for contract and permanent employees

  • Coverage types: Natural death, Accidental death, Terminal illness

  • BOQ/Price confirmation: price must be left blank with a marked 'Quoted' and GST % shown

  • Pricing flexibility: 25% adjustment in quantity or contract duration

  • Purchase preference: MSE eligibility with documentary evidence uploaded

Terms & Conditions

  • MSE purchase preference with required documentary evidence

  • 25% quantity/duration adjustment allowed at bid/contract issuance

  • Price confirmation copy required in BOQ; GST percentage must be stated

Important Clauses

Payment Terms

Not specified in data; bidders should verify during bid submission and refer to standard government payment terms.

Delivery Schedule

Not specified; ensure clarity on service activation and policy issuance timelines in bid documents.

Penalties/Liquidated Damages

Not detailed in provided data; verify LD terms and service-level penalties in the final contract.

Bidder Eligibility

  • Bidders must be the service provider for group term insurance services

  • Must provide documentary evidence for MSE status and eligibility

  • Upload all required bid documents and certificates as per ATC/Corrigendum

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Required Documents

1

GST Registration Certificate

2

Permanent Account Number (PAN) Card

3

Company Registration/Incorporation Certificate

4

Experience Certificates of similar group term insurance deployments

5

Financial Statements (latest available)

6

EMD/Security Deposit documents as applicable

7

Technical bid documents and bid-specific certificates

8

OEM authorizations or service-provider confirmations (if required by SOW)

Frequently Asked Questions

Key insights about UTTAR PRADESH tender market

How to bid for group term insurance tender in India 2026 with MSE preference

Bidders must be the service provider for group term insurance and upload documentary evidence for MSE status, along with GST, PAN, company registration, and experience certificates. Ensure the price confirmation copy is included with GST percentage and comply with all ATC/Corrigendum requirements.

What documents are required for PDIL insurance services bid 2026

Submit GST registration, PAN, company Registration, experience certificates for similar insurance deployments, latest financial statements, and EMD documentation if applicable. Also provide technical bid, OEM authorizations (if required), and any service provider confirmations as per ATC/Corrigendum.

What are the technical specifications for group term insurance service

Service covers natural death, accidental death, and terminal illness for contract and permanent employees. No numerical coverage values are given in the data; bidders should reference the final bid document for coverage limits and policy terms.

When is the price confirmation copy required for the insurance tender

As per SOW, submit a priced offer with price left blank and indicate 'Quoted' or a checkmark, while clearly stating GST percentage. This confirms bid pricing without disclosing the quoted price in the BOQ.

What is the 25% option clause in the PDIL insurance tender

The contract allows a 25% increase or decrease in contract quantity or duration at the time of issue, and post-issuance, the adjustment cap remains 25%. Bidders must accept revised quantities or durations if invoked.

What is the eligibility for MSE purchase preference for services

MSE preference requires the bidder to be the service provider of the offered insurance and to upload documentary evidence. If L-1 is not MSE, nearby bids within 15% may be considered under policy.

What standards or certifications are expected for insurance bids PDIL

The tender emphasizes certificate uploads per bid documents and ATC; while specific standards are not listed, bidders should ensure compliance with standard government insurance procurement practices and provide relevant credentials and certifications.

Where can I find bid submission requirements for this PDIL tender

Refer to the Bid Document, ATC, and Corrigendum for the exact list of required certificates. Ensure all mandatory documents are uploaded, including GST, PAN, company registration, and experience proofs, to avoid rejection.