Bid Publish Date
10-Jul-2026, 11:45 am
Bid End Date
27-Jul-2026, 3:00 pm
Value
₹18,40,000
Location
Progress
Quantity
1
Bid Type
Two Packet Bid
Housing And Urban Development Corporation Ltd invites bids for Group Term Insurance Service for its permanent employees in India. Estimated value: ₹1,840,000. The scope includes coverage for accidental death, suicide, animal bite, and pre-existing illnesses as per the NIT. A 25% option to increase contract quantity or duration exists at the time of contract issuance and may extend within the same percentage with consent. NIT alignment and certificate uploads are critical for bid eligibility.
Product/service: Group Term Insurance for permanent employees
Estimated value: ₹1,840,000
Coverage: accidental death, suicide, animal bite, pre-existing illnesses
Option clause: ±25% quantity or duration
Certification/Documentation: mandatory uploads per ATC
Fluctuating employee base: variable loan outstanding and employee count
Option to modify contract quantity/duration by 25% at award and post-award
Bidder must not be under liquidation or bankruptcy and provide undertakings
Mandatory upload of all certificates/documents; read NIT carefully
Not specified in data; bidders should verify in ATC and NIT
Not specified; service delivery linked to insurance provisioning timeframe
Not specified; review ATC for any LDs or penalties
Not under liquidation, court receivership, or bankruptcy
Upload undertaking confirming financial standing
Comply with all annexures and certificates as per bid document
Tender Category
Service
Bid To RA
No
Bid To RA Enabled
Yes
Item Category
Group Term Insurance Service - Permanent Employees; Accidental death, Suicide, Animal bite, Pre-Existing Illnesses, as per NIT
Payment Timelines
Payments shall be made to the Seller within 45 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)
Pre-Bid Date
15-07-2026 12:00:00
Pre-Bid Venue
Sammelan Kaksh, HUDCO Bhawan, Core-7A, IHC, Lodhi Road, New Delhi-110003
Delivery Locations
1
Delivery Cities
New Delhi
Delivery Pincodes
110003
| Consignee | Address | City | State | Pincode | Quantity | Delivery Days | Additional Requirement |
|---|---|---|---|---|---|---|---|
| Vijay Kumar | 110003,Housing and Urban Development Corporation Ltd. Core-7A, HUDCO Bhawan, India Habitat Centre, Lodhi Road, New Delhi-110003. | New Delhi | Delhi | 110003 | Project / Lumpsum Based | - | Number of People to be insured : 418 Total Sum Insured : 334528178 |
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Main Document
OTHER
OTHER
GEM_GENERAL_TERMS_AND_CONDITIONS
GEM_GENERAL_TERMS_AND_CONDITIONS
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CENTRAL DELHI, DELHI
Container Corporation Of India Limited
NEW DELHI, DELHI
Punjab And Sind Bank
SOUTH DELHI, DELHI
Gail India Limited
SOUTH WEST DELHI, DELHI
N/a
RAIPUR, CHHATTISGARH
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GST registration certificate
PAN card
Experience certificates for group insurance services
Financial statements (brief/annual report)
EMD/Security deposit documents (as per ATC)
Technical bid documents and compliance certificates
OEM authorizations (if applicable)
NIT annexures and corrigendum uploads
Key insights about DELHI tender market
Bidders must submit GST registration, PAN, experience certificates for group insurance services, financial statements, EMD/security documents, technical bid compliance certificates, OEM authorizations if applicable, and all NIT annexures or corrigenda. Ensure uploads match the bid’s ATC requirements and any amendments.
Register on the e-tender portal, obtain access to the NIT, prepare technical and financial bids with required certificates, upload all annexures, and ensure compliance with the 25% option clause. Submit before the bid submission deadline after confirming eligibility and no liquidation status.
Eligibility includes non-liquidation status, valid financial statements, prior experience in group insurance services, GST and PAN compliance, and uploading mandatory certificates per ATC. Ensure readiness to support variable employee counts and potential contract scope expansion up to 25%.
The estimated value is ₹1,840,000. Scope covers group term insurance for permanent employees with coverage for accidental death, suicide, animal bite, and pre-existing illnesses as per NIT, with a 25% option to adjust quantity or duration.
Payment terms are not detailed in the provided data; verify in ATC. Expect standard government norms, possibly linked to service delivery milestones and endorsement of certificates. Ensure readiness for documentation supporting timely claim settlements and premium remittance.
The buyer may increase or decrease contract quantity or duration by up to 25% at contract issue and subsequently, with consent for value adjustments. This impacts premium calculations and coverage scope; bidders should price flexibility and prepare for scope changes.
No specific standards are listed; bidders must adhere to the NIT and any atc/corrigendum requirements. Upload all requested compliance certificates and ensure alignment with government tender practices for insurance services.
Policy issuance timelines are not specified in data; bidders should anticipate timely enrollment for empanelled employees and renewals per monthly/annual service terms. Confirm renewal schedules in the final NIT and ATC.
Punjab And Sind Bank
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N/a
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📍 SOUTH DELHI, DELHI
Delhi State Industrial And Infrastructure Development Corporation Limited (dsiidc)
📍 CENTRAL DELHI, DELHI
Baroda Global Shared Services Ltd
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Main Document
OTHER
OTHER
GEM_GENERAL_TERMS_AND_CONDITIONS
GEM_GENERAL_TERMS_AND_CONDITIONS