[Notice Inviting Quotation for Group Term Insurance Policy from Life Insurance Company for the employees of INDIAN INSTITUTE OF TECHNOLOGY DELHI.] open
AI summary
This tender provides details about the project including scope of work, estimated value, deadlines, and eligibility requirements.
Overview
The Indian Institute of Technology (IIT) Delhi is inviting quotations for a Group Term Insurance Policy for its employees. This is an open tender, and interested bidders must comply with the specified requirements outlined in the tender documents.
Scope / Work
Bidders are required to provide a comprehensive quotation for a Group Term Insurance Policy. The work involves ensuring that the insurance meets the needs of IIT Delhi's employees. Key documents required include proof of IRDAI registration, PAN and GST certificates, and a self-declaration regarding non-blacklisting. Bidders must also demonstrate experience in providing life term insurance to public or private organizations.
Fees & EMD
There is no tender fee or Earnest Money Deposit (EMD) required for this tender, which may encourage broader participation. However, bidders should ensure they meet all eligibility criteria as outlined in the tender documents.
Key Dates
- Published Date: 24-Apr-2026 05:00 PM
- Bid Submission Start Date: 24-Apr-2026 05:00 PM
- Bid Submission End Date: 22-May-2026 03:00 PM
- Bid Opening Date: 25-May-2026 09:00 AM
- Pre-Bid Meeting: 30-Apr-2026 10:00 AM at Senate Room, IIT Delhi
Bidders should ensure timely submission of documents and attend the pre-bid meeting for clarifications.
AI insights
Risk factors
- tight timelines
- document gaps
- eligibility constraints
Financials
| Tender value | Undisclosed |
|---|---|
| EMD amount | ₹0.00 — payable to Nil at Nil |
| Tender fee | ₹0.00 — payable to Nil at Nil |
Timeline
| Publish date | 24-Apr-2026 05:00 PM |
|---|---|
| Bid end | 22-May-2026 03:00 PM |
| Opening date | 25-May-2026 09:00 AM |
Critical dates
From the portal detail page (all dates captured when available).
| Bid Opening Date | 25-May-2026 09:00 AM |
|---|---|
| Bid Submission End Date | 22-May-2026 03:00 PM |
| Bid Submission Start Date | 24-Apr-2026 05:00 PM |
| Document Download / Sale End Date | 22-May-2026 03:00 PM |
| Document Download / Sale Start Date | 24-Apr-2026 05:00 PM |
| Published Date | 24-Apr-2026 05:00 PM |
Tender Documents
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| Name | Size | Type | Action |
|---|---|---|---|
| BOQ_952782.xls | 387 KB | XLS |
Corrigenda
Official amendments and notices. PDFs open in the same viewer as tender documents (sign in, verified email, daily limit applies).
Bid Auto Extn Corrigendum
No PDF files attached to this corrigendum row.
Work details
Location, category, and schedule for this procurement.
| Location | Indian Institute of Technology Delhi Hauz Khas |
|---|---|
| Category | Miscellaneous Services |
| Period of work | 365 days |
| Bid validity | 180 days |
Tender basics
| Tender type | Open Tender |
|---|---|
| Form of contract | Supply |
| Tender category | Services |
| No. of covers | 2 |
| Organisation chain | Director-Indian Institute of Technology(IIT Delhi)||Dy.Registrar(Stores) Central Store Purchase Section-IIT Delhi |
| Source portal | eprocure.gov.in |
Covers (bid packets)
What to submit in each cover, as listed on the tender portal.
| Cover no. | Cover type | Description | Document type |
|---|---|---|---|
| 1 | Fee/PreQual/Technical | Compliance Sheet (Annexure - I) | |
| — | — | Details of Insurer (Annexure-2) | |
| — | — | Proof of IRDAI registration and office at Delhi | |
| — | — | Proof of PAN and GST Certificate | |
| — | — | Self-Declaration Certificate regarding Non-Blacklist | |
| — | — | Details of turnover for last three consecutive financial years i.e. 2025-26, 2024-25, 2023-24 in ter | |
| — | — | Details of experience of Life Term Insurance in minimum of three public/private/government organizat | |
| — | — | Details for calculation of premium based on claim, in case the policy is renewed after one year | |
| — | — | We understand all terms and condition and accept the same as mentioned in the tender document | |
| — | — | Claim Settlement Ratio of at least 95 percent for Term Insurance (as per IRDAI) | |
| 2 | Finance | Price bid should be submitted in given .xls format | .xls |
Authority details
| Inviting authority | Mr. Manish Bharadwaj |
|---|---|
| Address | Assistant Registrar Hospital and Health Services, IIT Delhi, Hauz Khas, New Delhi 110016 |
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