Implementing a Comprehensive Insurance Management Solution for Department of Posts in Mysuru and Bengaluru

Work Description - Rfp For Selection Of Si For Insurance Management Solution To Dop

The Department of Posts, through its Directorate of PLI, located at 1st Floor, Chanakyapuri PO Complex, New Delhi - 110021, invites proposals for the selection of a System Integrator (SI) to implement a comprehensive Insurance Management Solution (IMS). This Request for Proposal (RFP), identified by Tender Reference Number PLI-56/02/2026-PLI-DOP and Tender ID 2026_DOP_908500_1, falls under the Services category, specifically for consultancy, and is being issued as a Limited Tender. The Chief General Manager (PLI) is the Tender Inviting Authority for this critical project, which aims to enhance insurance management capabilities for the Department of Posts with deployment locations in Mysuru and Bengaluru. Key dates for this tender include its e-publication on May 13, 2026, at 01:50 PM. The process for document download and bid submission commenced on May 13, 2026, at 01:55 PM. A crucial pre-bid meeting is scheduled for May 21, 2026, at 11:00 AM at the Directorate of PLI, New Delhi, to address any queries. The deadline for both document download and bid submission is July 29, 2026, at 05:00 PM, with the technical and financial bids set to be opened on July 31, 2026, at 11:00 AM. Prospective bidders are required to submit their proposals in a two-cover system, comprising a Technical Bid detailing their approach to the Insurance Management Solution and a separate Financial Bid. A substantial Earnest Money Deposit (EMD) of ₹24,10,65,000 is mandatory, payable as per the detailed instructions in the RFP document, while no tender fee is applicable for this procurement. The contract will be structured on a Percentage basis, and bids are expected to have a validity period of 180 days. Various payment instruments, including Direct Credit, Demand Draft, RTGS, FDR, ECS, NEFT, Bankers Cheque, and Bank Guarantee, are accepted for transactional purposes.