Group Term Insurance Service - Contract Employees, Permanent Employees
Bank for Financing Infrastructure and Development · Mumbai, Maharashtra · Other · open
Key facts
- Tender value: ₹50.0L
- Published: 15 Jul 2026
- Closing date: 05 Aug 2026
- Status: open
- Ministry: Ministry of Finance
- Department: Department of Financial Services
- Office: Greater Mumbai
Description
Tender for providing group term insurance services covering natural death, accidental death, suicide, animal bite, and pre-existing illnesses for contract and permanent employees of the organization. The contract period is 1 year and 1 day, with a bid validity of 30 days from the end date. The estimated bid value is 5,000,000 INR. The process involves technical and financial evaluation, with no EMD or ePBG required. The bid is based on QCBS methodology with a technical weightage of 30% and financial weightage of 70%. The organization is the National Bank for Financing Infrastructure and Development, under the Ministry of Finance, Department of Financial Services, located in Greater Mumbai.
Eligibility & requirements
- Past performance: 77%
- Startup relaxation: No
- MSE relaxation: No
- Certifications: OEM Authorization Certificate
- Documents required: Experience of Similar Services
Commercial terms
- Bid type: Two Packet Bid
- Evaluation: value wise evaluation
- Make in India (MII): No
- MSE preference: No
Line items (1)
- Group Term Insurance for Employees — Qty: 274 Lumpsum
2 tender document(s) available — sign up to download.