Open Tender for Group Term Insurance Service - GTLIS-As per RfP; As per RfP in LUCKNOW, UTTAR PRADESH
Bid Publish Date
15-May-2025, 6:40 pm
Bid End Date
05-Jun-2025, 3:00 pm
Value
₹1,00,00,000
Location
Progress
A tender has been published for Small Industries Development Bank Of India (sidbi) Group Term Insurance Service - GTLIS-As per RfP; As per RfP in LUCKNOW, UTTAR PRADESH. Quantity: 1192 by. Submission Deadline: 05-06-2025 15: 00: 00. Check eligibility and apply.
Technical Results
| S.No | Seller | Date | Status |
|---|---|---|---|
| 1 | AVIVA LIFE INSURANCE COMPANY INDIA LTD Under PMA | 05-06-2025 13:37:14 | |
| 2 | AXIS MAX LIFE INSURANCE LIMITED Under PMA | 04-06-2025 19:33:40 | |
| 3 | HDFC LIFE INSURANCE COMPANY LIMITED Under PMA | 05-06-2025 14:24:40 | |
| 4 | PRAMERICA LIFE INSURANCE LIMITED Under PMA | 05-06-2025 14:20:12 | |
| 5 | SBI LIFE INSURANCE COMPANY LIMITED Under PMA | 05-06-2025 14:31:37 | |
| 6 | SHRIRAM LIFE INSURANCE COMPANY LIMITED Under PMA | 04-06-2025 23:34:35 |
Financial Results
| Rank | Seller | Price | Item |
|---|---|---|---|
| L1 | AXIS MAX LIFE INSURANCE LIMITED Under PMA | Item Categories : Group Term Insurance Service - GTLIS-As per RfP; As per RfP | |
| L2 | AVIVA LIFE INSURANCE COMPANY INDIA LTD Under PMA | Item Categories : Group Term Insurance Service - GTLIS-As per RfP; As per RfP | |
| L3 | SBI LIFE INSURANCE COMPANY LIMITED Under PMA | Item Categories : Group Term Insurance Service - GTLIS-As per RfP; As per RfP | |
| L4 | HDFC LIFE INSURANCE COMPANY LIMITED Under PMA | Item Categories : Group Term Insurance Service - GTLIS-As per RfP; As per RfP |
Contract / Result Documents 1
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Tender Data
Bid Details
Quantity
1192
Bid Type
Two Packet Bid
Bid Validity
90 (Days)
Bid Type
Service
Evaluation
Total value wise evaluation
Tech Clarification Time
2 Days
Preference & Exemptions
Startup Exemption (Experience)
Yes
Requirements
Experience Required
3 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 - GTLIS-As per RfP; As per RfP
Authority Records
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Documents 5
GeM-Bidding-7846914.pdf
Main Document
Other Documents
OTHER
Technical Specification/Buyer Specification Document
TECHNICAL
Buyer uploaded ATC document
ATC
GEM General Terms and Conditions Document
GEM_GENERAL_TERMS_AND_CONDITIONS
Required Documents
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
Frequently Asked Questions
Key insights about UTTAR PRADESH tender market
What are the eligibility requirements for Group Term Insurance Service?
The eligibility requirements include being a registered entity licensed to operate in the insurance sector. Bidders must also demonstrate previous experience in managing similar services for group clients, ensuring compliance with all statutory regulations.
What certificates are required for submitting a bid?
Bidders need to provide relevant insurance certificates along with their proposals. This includes proof of registration and licenses to demonstrate their capability to provide group insurance coverage, thus ensuring adherence to all compliance requirements.
What is the submission process for the tender?
Documents must be submitted online through the designated portal as specified in the tender documentation. The submission should include a completed bidding form, company profiles, and relevant financial statements, adhering strictly to the accepted document formats as required.
What are the performance security requirements?
Successful bidders may be required to furnish a performance security deposit, typically expressed as a percentage of the total contract value. This is designed to guarantee the fulfillment of all obligations as per agreed terms and conditions throughout the contract duration.
What benefits do MSEs receive through this tender?
Micro, Small, and Medium Enterprises (MSEs) may be afforded special provisions during the bidding process. Benefits could include relaxed eligibility criteria, additional evaluation points, or priority in selection to enhance their involvement and support local entrepreneurship, emphasizing compliance with Make in India policies.