NICDC Limited Group Term Insurance Tender for Permanent Employees & Office Staff in Delhi 2026 with 50% Scope Clause
Bid Publish Date
29-Aug-2026, 5:39 pm
Bid End Date
12-Sep-2026, 5:00 pm
Location
Progress
Key Highlights
- • Explicit 50% quantity or duration adjustment clause at contract issue
- • Dedicated toll-free service support and escalation matrix required
- • Office presence of service provider within consignee state with documentary evidence
- • Consignee: NICDC Logistics Data Services Limited, New Delhi; contact [email protected]
- • Policy-aligned scope for group term life insurance covering natural/accidental death, suicide, animal bite, and pre-existing illnesses
- • No BOQ items; ATC references existing policy and attached scope
- • EMD amount not disclosed; bidders must verify ATC/document terms
Tender Overview
Organization: National Industrial Corridor Development Corporation Limited (NICDC) under the Department For Promotion Of Industry & Internal Trade, seeking Group Term Insurance Service for Permanent Employees, Office Staff. Coverage details mention Natural death, Accidental death, Suicide, Animal bite, and Pre-Existing Illnesses as per attached details. Estimated value and EMD are not disclosed. The tender references a consignee address at NLDSL, New Delhi, with contact email [email protected] for clarifications. A notable clause allows the 50% quantity/duration adjustment at the contract issue stage and up to 50% post-issue for lumpsum services. This procurement emphasizes policy-aligned service terms and a dedicated service/support framework. The lack of BOQ items suggests a framework/dac plan rather than itemized supply. Location and governance indicate a national-level government-linked procurement for insurance services in the Delhi region. Keywords: tender in Delhi, NICDC procurement, insurance services.
Technical Specifications & Requirements
- Product/Service: Group term life insurance service for NICDC employees (permanent and office staff).
- Coverage scope includes natural death, accidental death, suicide, animal bite, pre-existing illnesses as per attached details.
- Contract flexibility: option to increase/decrease contract quantity or duration up to 50% at contract issue; post-issue quantity/duration adjustments capped at 50%.
- Service & support expectations: dedicated toll-free service number; escalation matrix for service support; a local service provider office must be present within the consignee state; documentary evidence required.
- Consignee: NICDC Logistics Data Services Limited (NLDSL), New Delhi address provided; inquiries to [email protected].
- No BOQ items listed; ATC terms imply adherence to existing policy and attached scope.
- Emphasis on policy-compliant, timely claims handling, and transparent governance.
Terms, Conditions & Eligibility
- EMD: Not disclosed in the available data; bidders must verify in ATC documents.
- Delivery/Implementation: As per attached policy; flexible scope with 50% adjustment window.
- Support: Bidders must provide dedicated/ toll-free service; escalation matrix; local presence in the consignee state with documentary evidence.
- Documents: Compliance with service policy; contact details for clarification provided; no fixed delivery timeline specified in available data.
- ATC/ATC Clauses: Existing policy governs scope; all terms to align with NICDC procurement guidelines.
- Warranty/After-Sales: Not explicitly specified; service quality and claim processing expectations implied through dedicated support clauses.
Key Specifications
-
Group term life insurance service for NICDC permanent employees and office staff
-
Coverage: natural death, accidental death, suicide, animal bite, pre-existing illnesses
-
Delivery/activation timeline as per attached policy (not explicitly stated)
-
Service standards: dedicated support, escalation matrix, local office presence
-
Consignee: NLDSL, New Delhi; contact via [email protected]
Terms & Conditions
-
50% contract quantity/duration adjustment permitted at contract issue
-
Dedicated toll-free service support and escalation process required
-
Local service provider office presence in the consignee state with documentary proof
Important Clauses
Payment Terms
Not explicitly specified in available data; ATC refers to existing policy
Delivery Schedule
Aligned with attached policy; no fixed dates provided in available data
Penalties/Liquidated Damages
Not detailed in available information; likely as per NICDC policy
Bidder Eligibility
-
Experience in group term life insurance or corporate employee benefits
-
Demonstrated financial stability (recent financial statements)
-
Ability to provide dedicated toll-free support and local office presence
Tender Data
Bid Details
Quantity
1
Bid Type
Single Packet Bid
Bid Validity
30 (Days)
Bid Type
Service
Evaluation
Total value wise evaluation
Tech Clarification Time
3 Days
Preference & Exemptions
EMD Required
No
MII Compliance
Yes
MSE Purchase Preference
Yes
MSE Preference Band
L1+15%
MSE Exemption/Relaxation
No
Startup Exemption/Relaxation
No
Bid Splitting Applied
No
Requirements
Experience Required
5 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, Office Staff, as per attached details; Natural death, Accidental death, Suicide, Animal bite, Pre-Existing Illnesses, as per attached details
Pre-Bid & Qualification
Pre-Bid Date
07-09-2026 14:00:00
Pre-Bid Venue
NICDC Logistics Data Services Limited (NLDSL), Hindustan Times House 17th Floor Plot No.18-20, Kasturba Gandhi Marg, New Delhi-110001
Delivery Details
Delivery Locations
1
Delivery Cities
New Delhi
Delivery Pincodes
110001
Delivery Locations
| Consignee | Address | City | State | Pincode | Quantity | Delivery Days | Additional Requirement |
|---|---|---|---|---|---|---|---|
| Sachin Kumar | 110001,NICDC Logistics Data Services Limited Flat No. 302 C, 03rd Floor, World Trade Centre, Babar Road, New Delhi - 110001 CIN: U74999DL2015PLC418260 | New Delhi | Delhi | 110001 | Project / Lumpsum Based | - | Number of People to be insured : 47 Total Sum Insured : 619048680 |
Authority Records
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Documents 5
GeM-Bidding-9821958.pdf
Main Document
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
Experience certificates in group life insurance or related domains
Financial statements for the last 2 financial years
EMD/Security deposit documents (as per ATC)
Technical bid documents demonstrating policy compliance
OEM/Insurance provider authorizations or agreements (if applicable)
Frequently Asked Questions
Key insights about DELHI tender market
How to bid for NICDC group term insurance tender in Delhi 2026
Bidders must submit a technical bid with policy compliance details, GST and PAN, financial statements, and EMD as per ATC. Ensure dedicated toll-free support and local service presence; address all coverage clauses for natural and accidental death, suicide, animal bite, and pre-existing illnesses. Clarifications via [email protected].
What documents are required for NICDC insurance bid in Delhi
Submit GST registration, PAN, two financial years of statements, experience certificates in employee benefits, EMD/security deposit documents, and technical bid demonstrating adherence to existing policy. OEM authorizations or provider agreements should be included if applicable and requested in ATC.
What are the coverage details for NICDC term life insurance tender
Coverage includes natural death, accidental death, suicide, animal bite, and pre-existing illnesses as per attached details. Ensure policy terms align with NICDC’s existing policy framework and provide clear claim processing timelines and support contact channels.
When is the delivery activation period for NICDC insurance service
Activation timing follows the attached policy in the ATC; no fixed start date is provided in publicly available data. Bidders should confirm the exact implementation window during bid clarification and ensure readiness to activate upon contract award.
What are the 50% contract quantity/duration adjustment terms
The buyer may adjust contract quantity or duration by up to 50% at contract issue and again up to 50% post-issue for lumpsum services, subject to bidder consent. This requires alignment with the service provider and policy constraints stated in ATC.
Who is the consignee and how to contact for NICDC insurance bid
Consignee: NICDC Logistics Data Services Limited (NLDSL), New Delhi. Inquiries should be directed to [email protected] for clarifications on scope, policy terms, and submission requirements.
What support and escalation commitments are required for bidders
Bidders must provide a dedicated toll-free support number and a formal escalation matrix. An office of the service provider in the consignee state, with documentary evidence, is required to ensure timely assistance and claims handling.
What standards or policy alignment is required for NICDC bid
Bidders must align with NICDC’s existing policy framework. Ensure coverage terms match the attached policy, validate claim processing standards, and provide policy-compliant documentation as part of the technical bid.