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National Fertilizers Limited Group Term Insurance Tender Uttar Pradesh 2026 - 25% ATC Quantity Flexibility & ₹1.92B Estimated Value

Bid Publish Date

16-Jan-2026, 4:39 pm

Bid End Date

06-Feb-2026, 5:00 pm

Value

₹1,92,34,80,000

Location

GAUTAM BUDDHA NAGAR , UTTAR PRADESH

Progress

Issue16-Jan-2026, 4:39 pm
AwardPending
Explore all 4 tabs to view complete tender details

Quantity

1

Bid Type

Two Packet Bid

Key Highlights

  • • Organization explicitly seeking Group Term Insurance Service for NFL employees in UP
  • • Contract scope includes natural death and accidental death coverage
  • • Estimated contract value of ₹1,923,480,000 indicates high premium volume
  • • ATC allows 25% quantity/duration variation at contract issue and post-issuance
  • • Location-specific procurement under the Department of Fertilizers
  • • No BOQ items listed; emphasis on insurer capability and policy administration
  • • ATC terms will dictate exact eligibility, documentation, and penalties
  • • No explicit EMD amount published in data; verify in ATC

Tender Overview

National Fertilizers Limited (NFL) invites bidders for Group Term Insurance Service covering Permanent Employees and Contract Employees in Gautam Buddha Nagar, Uttar Pradesh, 201301. The scope is insurance coverage for natural and accidental death with a substantial estimated contract value of ₹1,923,480,000. The tender includes an optional quantity/duration adjustment of up to 25% at contract issuance and, subsequently, up to 25%. NFL’s ATC terms are published alongside the tender. This procurement is positioned within the Department of Fertilizers, targeting reliable insurers capable of corporate group policies and seamless claim processing for employees.

Technical Specifications & Requirements

  • Product/Service: Group Term Insurance for NFL employees (permanent and contract) with natural and accidental death coverage.
  • Location: Gautam Buddha Nagar, Uttar Pradesh.
  • Estimated Value: ₹1,923,480,000.
  • Quantity/Scope: No BOQ items listed; ATC permits a 25% change in contract quantity or duration at issue and post-issue. Bidders must align with NFL policy requirements and standard group insurance practices.
  • Standards/Compliance: Not specified in available data; bidders should anticipate standard insurance regulatory compliance and NFL internal policy mandatories.
  • Deliverables: Comprehensive group term policy issuance, premium collection, and claims support aligned to contract terms.
  • ATC Impact: Eligible to adjust contract scope up to 25% with acceptance of revised terms by bidders.

Terms & Eligibility

  • EMD: Not specified in data; bidders should verify in ATC/TERMS.
  • Experience: Experience in providing group term insurance to large organizations preferred; detailed eligibility to be confirmed in ATC.
  • Delivery & Implementation: Policy issuance and onboarding aligned to NFL policy timelines; robust claim settlement mechanism.
  • Payment Terms: Not disclosed in available information; refer to ATC for exact terms.
  • Documents: Standard bid submission documents; OEM/insurance company authorizations as applicable; GST and PAN may be required; verify with NFL ATC.
  • Penalties/Warranty: Not specified; ATC will define any LD or performance bond requirements.

Key Specifications

  • Group Term Insurance for NFL employees (permanent & contract)

  • Coverage: natural death + accidental death

  • Estimated value: ₹1,923,480,000

  • Location: Gautam Buddha Nagar, Uttar Pradesh

  • ATC: quantity/duration variation up to 25% at issue and post-issuance

  • No BOQ items; standard insurer service delivery and claims processing required

Terms & Conditions

  • Quantitative variation up to 25% allowed at contract issuance and later

  • ATC terms govern acceptance, documentation, and payment schedules

  • EMD and payment terms must be confirmed in ATC and bidding documents

Important Clauses

Payment Terms

Payment terms to be defined in ATC; bidders must align with NFL policy on premium settlement and claims processing

Delivery Schedule

Policy issuance and onboarding aligned to NFL rollout timelines; implementation milestones to be defined in ATC

Penalties/Liquidated Damages

Penalties, if any, to be specified in ATC; potential performance safeguards for timely enrollment and claim settlement

Bidder Eligibility

  • Experience in delivering large-scale group term insurance for corporate clients

  • Regulatory compliance with applicable insurance laws and NFL standards

  • Financial capability to underwrite or manage high-value group policies

Documents 5

GeM-Bidding-8848535.pdf

Main Document

BOQ Document

BOQ

Other Documents

OTHER

Buyer uploaded ATC document

ATC

GEM General Terms and Conditions Document

GEM_GENERAL_TERMS_AND_CONDITIONS

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Required Documents

1

GST registration certificate

2

Permanent Account Number (PAN) card

3

Experience certificates for past group insurance deployments

4

Financial statements / solvency certificates

5

EMD/Security deposit documents (as specified in ATC)

6

Technical bid documents and policy compliance certificates

7

OEM authorizations or insurer authorization (if required by NFL)

Frequently Asked Questions

Key insights about UTTAR PRADESH tender market

How to bid for NFL group term insurance tender in Uttar Pradesh 2026

Bidders must submit GST, PAN, experience certificates, financial statements, EMD documents, technical compliance, and insurer authorizations as required in the ATC. The contract allows up to 25% variation in quantity or duration, so ensure your premium projections and enrollment capacity reflect possible adjustments.

What documents are required for NFL insurance bid in UP 2026

Required documents include GST registration, PAN, experience certificates for group insurance, financial statements, EMD/security deposit, technical bid documents, and insurer authorization. Ensure OEM or insurer authorization is current and that the bid package includes policy compliance certificates.

What are the key technical requirements for NFL group term policy

Key requirements focus on coverage for natural and accidental death, large-scale enrollments, robust claims processing, and regulatory compliance. While detailed specs are not published, bidders should demonstrate capability to service permanent and contract staff for a contract value around ₹1.92 billion.

When is the NFL UP insurance tender expected to be issued

The start and end dates are not specified in the available data. Bidders should monitor the NFL procurement portal and ATC documents for issuance timing, submission deadlines, and pre-bid meeting schedules once published.

What are the payment terms for NFL group term insurance bid 2026

Payment terms are to be detailed in the ATC. Bidders should anticipate premium-based installments with possible milestone payments aligned to enrollment progress and claim settlement performance, subject to NFL approval and contractual milestones.

How to ensure eligibility for NFL insurance procurement in UP

Eligibility criteria include demonstrated group insurance experience, financial stability, regulatory compliance, and ability to issue and administer large corporate policies. Prepare experience certificates, financials, and insurer authorization to meet NFL standards.

What are the penalties or LD clauses for NFL insurance tender

Penalties, if any, will be specified in the ATC. Bidders should expect potential liquidated damages tied to enrollment timelines, policy issuance milestones, or delays in claims settlement, with exact rates defined in the contract terms.

What is the scope of variation allowed in NFL insurance bid

The ATC permits a 25% increase or decrease in contract quantity or duration at the time of issue and after issuance, contingent on bidder acceptance of revised terms and NFL approval.

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