Group Term Insurance Service - Permanent Employees, GROUP TERM INSURANCE IN LIEU OF EDLI; Natural d
Bharat Heavy Electricals Limited (bhel)
SOUTH DELHI, DELHI
Posted:
2 August 2025
Closed:
12 August 2025
GEM
GEM
Housing And Urban Development Corporation Ltd Group Term Insurance Service Tender Central Delhi 15+ Years Life Insurance Experience 2026
Bid Publish Date
03-Feb-2026, 4:47 pm
Bid End Date
05-Mar-2026, 3:00 pm
Value
₹20,00,000
Location
Latest Corrigendum Available
Progress
Issue03-Feb-2026, 4:47 pm
Corrigendum19-Feb-2026
AwardPending
Quantity
1
Bid Type
Two Packet Bid
Key Highlights
- • Mandatory Indian life insurance company with minimum 15 years in the sector
- • Contract quantity/duration may be adjusted up to 25% at issuance and during execution
- • No BOQ items; focus on comprehensive Group Term Insurance coverage for permanent employees
- • All Annexures, ATC, and Corrigendum documents must be uploaded with bid
- • Bidder must provide undertaking establishing non-liquidation status and financial stability
Categories
1
Tender Overview
Organization: Housing And Urban Development Corporation Ltd, performing a procurement for Group Term Insurance Service for Permanent Employees in the Central Delhi, Delhi 110002 region. Estimated value: ₹2,000,000. Tender scope references the NIT for employee life coverage; no itemized BOQ exists. Key differentiator includes a 25% adjustment clause in contract quantity or duration at contract issuance and during execution. The bidder must align with HUDCO’s internal risk and compliance framework and ensure continuity of life cover for staff as per contract terms.
Technical Specifications & Requirements
- Product category: Group Term Insurance Service for permanent employees.
- Eligibility context from terms requires the bidder to be an Indian company engaged in life insurance business for a minimum of 15 years.
- Documentation and annexures: bidders must upload all Annexures and the Certificates sought in the Bid Document, ATC, and any Corrigendum.
- Delivery/implementation specifics are not detailed; emphasis is on compliance with statutory insurance requirements and HUDCO’s approval processes.
- Financial standing: bidder should not be under liquidation or similar proceedings; must upload an undertaking evidencing this status.
- Loan and employee count fluctuations: contract may reflect changes in loan outstanding and number of employees over time.
Terms, Conditions & Eligibility
- EMD: Not disclosed in data; bidders must confirm per tender terms.
- Quantity/Durations: Buyer can adjust up to 25% at contract issue or during the contract period.
- Financial health: bidder must declare non-liquidation status; indicate bankruptcy-free standing.
- Technical compliance: failure to upload required documents leads to rejection; ensure all Annexures are submitted.
- Experience: minimum 15 years in life insurance business as an Indian company; organizational experience underpins eligibility.
- The loan/outstanding and employee counts may vary; bidders should reflect flexibility in proposals.
Key Specifications
-
Group Term Insurance service for Permanent Employees
-
Estimated contract value: ₹2,000,000
-
Location: Central Delhi, Delhi 110002
-
No itemized BOQ; emphasis on compliance, documentation, and life-insurance scope
-
Minimum insurer experience: 15 years (Indian company) in life insurance
Terms & Conditions
-
Quantity/duration may vary up to 25% at contract issue and during execution
-
Must upload all Annexures, ATC, Corrigendum; failure leads to rejection
-
Bidder must be an Indian company with 15+ years in life insurance
Important Clauses
Payment Terms
Not specified in data; bidders should confirm per tender terms and HUDCO policy
Delivery Schedule
Not specified; focus on implementation of group term coverage and handover processes as per contract
Penalties/Liquidated Damages
Not specified; bidders should seek confirmation on LD and performance bond during bid stage
Bidder Eligibility
-
Indian company engaged in life insurance business for at least 15 years
-
Not under liquidation, court receivership, or similar proceedings
-
Must upload all bid Annexures, ATC, and corrigenda with technical bid
Documents 4
GeM-Bidding-8923925.pdf
Main Document
Other Documents
OTHER
Other Documents
OTHER
GEM General Terms and Conditions Document
GEM_GENERAL_TERMS_AND_CONDITIONS
Past Similar Tenders
(Historical Results)
5 found
Group Term Insurance Service - Permanent Employees, Contract Employees; Natural death, Accidental d
Bharat Earth Movers Limited (beml)
BANGALORE, KARNATAKA
Posted:
21 February 2025
Closed:
10 March 2025
GEM
Group Term Insurance Service - Permanent Employees; Accidental death, Suicide, Animal bite, Pre-Exi
Housing And Urban Development Corporation Ltd
CENTRAL DELHI, DELHI
Posted:
17 February 2025
Closed:
7 March 2025
GEM
Group Term Insurance Service - Permanent Employees; Natural death, Accidental death, Suicide, Anima
Grid Controller Of India Limited
SOUTH DELHI, DELHI
Posted:
9 April 2025
Closed:
14 April 2025
GEM
Group Term Insurance Service - Permanent Employees, As Per Scope Of Work; As Per Scope Of Work
Mineral Exploration And Consultancy Limited
NAGPUR, MAHARASHTRA
Posted:
15 January 2025
Closed:
25 January 2025
GEM
Tender Results
Loading results...
🤖 AI-Powered Bidder Prediction
Discover companies most likely to bid on this tender
Live AI
Historical Data
Required Documents
1
GST certificate
2
Permanent Account Number (PAN) card
3
Experience certificates in life insurance operations (minimum 15 years for Indian company)
4
Financial statements and proof of financial stability
5
EMD submission document (as applicable by tender terms)
6
Technical bid documents and annexures
7
OEM/insurer authorization letters or equivalent if applicable
8
Undertaking confirming no liquidation or receivership
Corrigendum Updates
2 Updates
#1
19-Feb-2026 Update
Extended Deadline
05-Mar-2026, 3:00 pm
Opening Date
05-Mar-2026, 3:30 pm
#2
13-Feb-2026 Update
Extended Deadline
20-Feb-2026, 3:00 pm
Opening Date
20-Feb-2026, 3:30 pm
Frequently Asked Questions
Key insights about DELHI tender market
How to bid for HUDCO group term insurance tender in Central Delhi 2026?
Bidders must be Indian life-insurance companies with at least 15 years of operation, upload all Annexures, ATC, Corrigendum, and supply an undertaking about non-liquidation. The contract may adjust quantity/duration up to 25%; ensure readiness to cover permanent employees and provide compliant policy terms.
What documents are required for HUDCO insurance tender submission in Delhi 2026?
Required documents include GST certificate, PAN, 15+ year life insurance experience certificates, financial statements, EMD document (as applicable), technical bid with annexures, OEM authorizations if needed, and an undertaking confirming no liquidation or receivership.
What is the estimated contract value for the HUDCO life insurance tender?
The tender indicates an estimated value of ₹2,000,000. Bidders should align premium structure, coverage for permanent employees, and policy features with HUDCO’s risk framework while maintaining cost competitiveness.
What are the key eligibility criteria for HUDCO life insurance procurement in 2026?
Eligibility requires a 15+ year Indian life-insurance company, no liquidation or bankruptcy status, and full submission of Annexures, ATC, and Corrigendum. Ensure compliance with all tender clauses and provide full policy terms and financial stability proof.
What are the variation limits on contract quantity for HUDCO tender Delhi?
Contract quantity or duration can be increased or decreased by up to 25% at the time of contract issue and during execution. Bidders must accept revised quantities/durations where adjustments occur.
Which location is the HUDCO group term insurance tender targeted at in 2026?
The tender is targeted for Central Delhi, Delhi 110002. Bidders should tailor policy delivery, beneficiary management, and premium payment terms to HUDCO’s Delhi operations and staff coverage requirements.
What happens if a bidder fails to upload required documents for HUDCO tender?
Failure to upload any required Annexures, ATC, or corrigenda can lead to bid rejection. Ensure every specified document is complete, legible, and compliant with the bid document and tender amendments.
Are there any penalties or LD clauses for HUDCO life insurance procurement?
Specific LD details are not provided in the data. Bidder should seek clarity on penalties, performance bonds, and SLAs during bid submission and confirm HUDCO’s standard financial remedies for non-performance.
Similar Tenders
3 found
Group Personal Accident Insurance Service - Permanent Employees, HOME GUARD; As per Bid
North Eastern Electric Power Corporation Limited
📍 EAST KHASI HILLS, MEGHALAYA
⏰ Deadline: 3 weeks left
🛒 Type: Service
View
GEM
Group Personal Accident Insurance Service - Permanent Employees; as per scope of work
Chenab Valley Power Projects Pvt Ltd
📍 JAMMU, JAMMU & KASHMIR
Est: ₹2.7 L
⏰ Deadline: 2 weeks left
🛒 Type: Service
View
GEM
Urgent
National Automotive Board Group Personal Accident Insurance Tender Gurgaon Haryana 2026
National Automotive Board
📍 GURGAON, HARYANA
Est: ₹22,000
⏰ Deadline: 7 days left
🛒 Type: Service
View
GEM
Explore More Opportunities
Quick Access
Unlock Tender Documents
Sign up now to access all documents
Performance Analytics
7-metric analysis with year-wise breakdown
Competitor Intelligence
Multi-dimensional analysis across 6 parameters
Market Penetration
By department, ministry, geography & category
Historical Analysis
Complete tender history with results
Documents 4
GeM-Bidding-8923925.pdf
Main Document
Other Documents
OTHER
Other Documents
OTHER
GEM General Terms and Conditions Document
GEM_GENERAL_TERMS_AND_CONDITIONS