All Bids
Required7.1 Common Requirements - The bidder must have valid PAN, GST Registration Certificate (Self attested copies of valid PAN, GST Registration Certificate)
RequiredTender Document Fee, EMD amount and Power of Attorney (Please refer to Clause 8.6 , Clause 8.7 and Clause 8.5)
Required7.2 In the case wherein the bidder is an Insurance Company - Bidder should be registered with IRDAI. The IRDAI license must be valid on the date of opening of the tender, failing which the offer will be liable for rejection. (IRDAI Registration Copy and Renewal Fee Receipt for FY 26-27)
RequiredProof of Solvency Margin - Latest available Proof of Solvency Margin and Duly Stamped and Signed copy of RFP Schedule (Every Page) indicating the acceptance of Terms, Conditions, Specifications, Requirements, Qualifications etc.
Required7.3 If the bidder is an Insurance Intermediary - Only IRDAI registered and licensed Insurance Intermediaries are eligible to quote or submit the quotes of IRDAI Licensed Insurance Companies (Current IRDAI License clearly mentioning the Name, Type and Validity Copy of Renewal of IRDAI License for FY 26-27)
RequiredShould have a minimum of 5 Years of experience as an IRDAI licensed intermediary as on the date of calling of this tender (Copy of inception license issued by IRDAI clearly mentioning the Intermediary Name, Type and Validity)
RequiredShould have serviced or should be servicing, in any of the last 5 Financial Years 21- 22, 22-23, 23 24, 24-25, 25-26, Group Term Life Insurance procured by any State Government Department or Corporations or PSUs with a per person sum insured of Rs. 5.0 lakhs or more. (Details of the Purchase Orders (or) Policy Copies (or) Authorized Documents received from any State Government Dept)
RequiredShould not have received show cause notice (or) declined to participate (or) totally withdrawn already submitted quotations thereby causing undue delay in insurance procurement process for any Governments Organizations of the State Departments Institutions etc. Should not have been blacklisted (in the past or present) by any of the Governments Departments Organization.
RequiredShould have a Professional Indemnity Policy, as stipulated by IRDAI.
RequiredThe bidder should not have any pending claims under Group Term Insurance policy till the end of FY25-26.
RequiredShould have a functioning office in the state of Andhra Pradesh. Proof to this affect shall be submitted by the bidder
