Open Finance & Revenue NPROCURE

Tender for Placement of Insurance Policies for GITL 2026 - Service Contract Opportunity

Bid Publish Date

20-Nov-2025, 3:00 pm

Bid End Date

28-Nov-2025, 5:00 pm

Location

GANDHINAGAR , GUJARAT

Progress

Issue20-Nov-2025, 3:00 pm
AwardPending
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Tender Type

Open

Sector

Finance & Revenue

Contract Form

Service

Completion Period

As per tender Document Attached

Currency Type

Single

Categories 1

SERVICES

This government tender offers an excellent opportunity for insurance service providers to secure a contract for placing insurance policies for GITL (Gujarat Infrastructure and Transport Limited) in 2026. The project involves managing operational, administrative assets, and liability insurance policies in accordance with government standards. Bidders must demonstrate technical expertise, financial stability, and experience in handling large-scale government insurance contracts. The tender process is fully electronic, ensuring transparency and efficiency, with detailed documentation available for download. The scope includes policy placement, documentation, and ongoing claims support, making it ideal for experienced insurance companies looking to partner with the government. The deadline for bid submission is 28-11-2025, and interested bidders are encouraged to review all terms, conditions, and technical specifications outlined in the tender documents. This opportunity is situated in Gandhinagar, Gujarat, and aims to secure reliable insurance coverage for government assets and liabilities for the year 2026.

Scope Of Work

The scope of work for this tender includes:

  • Placement of comprehensive insurance policies for operational, administrative assets, and liabilities for GITL 2026.
  • Managing and renewing insurance policies as per government standards.
  • Providing detailed documentation and policy certificates.
  • Ensuring compliance with all statutory and regulatory requirements.
  • Offering ongoing support and claims management during the policy tenure.

Key deliverables include:

  • Submission of duly signed and stamped RFP documents.
  • Submission of signed No Deviation Certificates.
  • Providing BQC (Bid Qualification Criteria) documents.
  • Delivery of insurance policy documents and certificates.

Process steps:

  1. Download tender documents and review specifications.
  2. Submit technical and financial bids via the NPROCURE portal.
  3. Attend technical evaluation on 28-11-2025.
  4. Participate in price bid evaluation on 28-11-2025.
  5. Final award and contract signing.
Specification Details
Insurance Types Operational, Admin Assets, Liability
Policy Duration As per tender document
Submission Format Electronic only
Evaluation Criteria Technical compliance, Price, Past experience

Technical Specifications

The technical specifications include:

Parameter Requirement
Insurance Coverage Operational, Administrative Assets, Liability
Policy Validity As specified in tender documents
Certificates Issued by authorized certifying authorities
Documentation Signed, stamped, and digitally certified

The process involves:

  • Reviewing detailed specifications in the tender documents.
  • Preparing technical bid documents as per the prescribed format.
  • Ensuring all certificates and documents are valid and up-to-date.
  • Submitting the technical bid before the deadline.

Financial Requirements

The estimated budget for this project ranges from INR 10 million to INR 20 million, depending on the scope and coverage options selected. The cost breakdown includes:

Cost Component Estimated Amount (INR)
Premium Payments Based on policy quotes
Service Fees As per bid proposal
Additional Charges Applicable for claims management and support

Payment terms specify that 30% of the total bid value will be paid upon contract signing, with the remaining paid in installments based on policy milestones and deliverables. All financial proposals must be submitted in the prescribed format, signed, and stamped.

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Eligibility Criteria

Bidders must meet the following eligibility criteria:

  • ✓ Must have valid digital certificates as per the Information Technology Act-2000 (Class-III).
  • ✓ Must submit all required documents, including BQC documents, signed & stamped RFP, and No Deviation Certificate.
  • ✓ Proven experience in handling government insurance contracts with successful completion records.
  • ✓ Financial stability as per the criteria outlined in the tender documents.
Qualification Requirement Details
Experience Minimum 3 years in insurance services
Financial Turnover Minimum INR 50 million in last 3 years
Certifications Valid ISO 9001 or equivalent
Technical Capability Demonstrated ability to manage large insurance portfolios

Note: Non-compliance with eligibility criteria will lead to disqualification.

Bidding Process

Process Timeline

1. Technical Stage

28-11-2025 17:30

2. Price bid Stage

28-11-2025 17:35

Required Forms

Technical

Technical Documents

User Defined Template-Standard

Required

Price

PRICE BID

User Defined Template-Secured

Required

Required Documents

Stage - Technical Stage

1

BQC document

Required

Form - Technical Documents

1

Bidder to submit duly signed & stamped RFP documents as acceptance

Required
2

Bidder to submit duly filled, signed & stamped - No Devliation Certificate

Required
3

BQC documents

Required

Form - PRICE BID

1

Duly filled price bid form Excel copy

Required
2

Stamped and signed copy of duly filled price bid

Required

Frequently Asked Questions

Key insights about GUJARAT tender market

What is the deadline for bid submission?

The bid submission deadline is 28-11-2025 at 17:00. Bidders must ensure their technical and financial bids are uploaded before this time to be eligible for evaluation.

What documents are required to participate in this tender?

Participants must submit:

  • BQC (Bid Qualification Criteria) documents
  • Duly signed & stamped RFP documents
  • No Deviation Certificate
  • Technical bid documents
  • Price bid in prescribed format
    All documents should be signed, stamped, and uploaded electronically via the NPROCURE platform.
How will the evaluation process be conducted?

Evaluation will be based on technical compliance (50%), price competitiveness (30%), and past experience (20%). Bids must meet minimum thresholds to qualify. The highest scoring bid will be selected for award, with evaluations conducted on 28-11-2025.

Is physical submission of bids accepted?

No, all bids must be submitted electronically through the NPROCURE portal. Physical bids are not accepted under any circumstances, ensuring transparency and efficiency.

Who can I contact for support during the bidding process?

For support, contact Mahesh T, GM (Projects), via email at [email protected] or call +91-79-40007517. Assistance includes platform guidance, document clarification, and training sessions organized every Saturday.