Karnataka

Financial Eval

Services

GROUP TERM LIFE INSURANCE (Only Death Cover)

Karnataka Co-operative Milk Producers Federation Limited

Managing Director Kolar District Co-operative Milk Producers Societies Union Limited(MKT) | Karnataka

Amount: Refer DocsCloses: 3 Jan 2026Closed

Timeline

Published27 Dec 2025
Closed3 Jan 2026
Financial Evaluation—
Award—

Bids

1 Bid3 Jan 2026

#	Company	Amount	Status
1	SBI LIFE INSURANCE COMPANY LTD ₹1,090accepted-finance	₹1,090	accepted-finance

Tender Value

Refer Docs

EMD Value

₹1,000

Closing Date

3 Jan 2026, 11:00 pmClosed

Tender Inviting Authority

Office Inviting Bids

Karnataka Co-operative Milk Producers Federation Limited

Contact Person

Dr. Madhu K.S.

Office Number

Mobile Number

Work Description

IRDA Registered & Qualified Life Insurance Companies to provide Group Term Life Insurance (Only Death Cover) for KOMULs active milk producers, DCS Staff and their dependents for the period 2025-26

Tender Information

Tender ID

KMF/2025-26/SE4657

Reference Number

KMF/2025-26/SE4657

Tender Type

Open

Form of Contract

Two Tender Document System(Two Cover)

Location

Managing Director Kolar District Co-operative Milk Producers Societies Union Limited(MKT)

Source Website

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Documents Required

5 documents required · 5 mandatory

Technical Bid

RequiredUpload Company Registration Certificate

RequiredUpload IRDAI Certificate

RequiredUpload PAN & GST Certificate

RequiredUpload Past 3 Yrs IT Returns

RequiredUpload Past performance orders

Eligibility Criteria

Bidders shall not be under a declaration of ineligibility for corrupt and fraudulent practices issued by Government of Karnataka

It shall be the responsibility of the Bidder to ensure credit of Tender Processing Fee and EMD into the respective receiving bank accounts of e-Procurement on or before the last date and time of bid submission.

EMD Payments through e-Payment mode shall be made as one single transaction and payments made in part are liable for rejection.

The bidder agrees and abides for all the terms and conditions, specifications in the tender document layed down by KOMUL Trust for the service of each or all the items in the e-Procurement portal

The tenderer should furnish the financial status of the organization for the last three years (premium, claims settlement, profitability etc) and also the IRDA Registration number to be quoted along with the tender

The insurance Company, which is registered with the Insurance regulatory authority, only will be considered for evaluation.

SERVICERS RIGHT TO ACCEPT ANY BID, TO REJECT ANY OR ALL THE BIDS: A. Tender Accepting Authority reserves the right to accept the lowest or any tender or to assign any reason for not accepting any tender. B. The authority competent to accept the tenders shall have the right to negotiate with the successful tenderers offering the tenders by calling for their lowest rates and then to finalize the Tender. C. Any item can be deleted from the list of tender without giving any reasons or notice. The Earnest Money Deposit as mentioned in Annexure A of Technical Bid and Tender Processing Fee through any of the following online modes of e-Payment as mentioned in e-Procurement portal. 1. Credit Card. 2. Direct Debit (ICICI Bank Account holders). 3. National Electronic Fund Transfer (NEFT) or Real Time Gross Settlement (RTGS). 4. Over-the-Counter (OTC) remittance at ICICI Bank designated branches.

Bidders shall submit EMD proportional to the groups selected for bid submission. The total EMD shall be calculated by bidders based on Annexure A of Technical Bid and the same shall be entered by bidder in Variable EMD field in e-Procurement Portal prior to payment of EMD.

For any Clarification on e-procurement tender participation or uploading contact e-procurement Technical Issues contact 08046010000 or 080 68948777. helpdesk: 9240214000, 9240214001 or e-mail at: support(at)eprochelpdesk.com

All terms and Conditions as per tender document

Technical Criteria

Past Experience

Previous Years Insurance Experience Details with Government /Private Organizations - Document to be furnish

Others -- Relevant Document

Capabilities of Vendor

The Bidder / Insurance Company should have registered with IRDAI Document to be furnished and Insurance Company Service Tax Registration Certificate to be Produce.

Others -- Relevant Document

Fee & Financial Details

Tender Fee Amount

₹500

EMD Fee Amount

₹1,000

Important Dates

Last Activity

3 Jan 2026

Published

27 Dec 2025

Bid Opening

5 Jan 2026

Download Ends

1 Jan 2026

BOQ Preview

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GROUP TERM LIFE INSURANCE for active Milk Producers, MPCS Staff and their dependents for the period of one year

Documents

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NIT Documents

TENDER Documents.doc

Instructions to Tenderers • 0.21 MB

TENDER NOTIFICATION.pdf

Others - Notification • 0.69 MB

Ready to Participate?

Download all tender documents and submit your bid

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Company

SBI LIFE INSURANCE COMPANY LTD

₹1,090accepted-finance