Term Life Insurance Coverage for Indian Seafarers Under Seafarers Welfare Fund Society

Work Description - Request For Bid (rfb)&#x0d For Selection Of A Life Insurance Company For Providing Term Life Insurance Coverage To Indian Seafarers Under The Seafarers Welfare Fund Society (swfs)&#x0d

The Directorate General of Shipping, a Central Government Ministry/Department, hereby invites bids through an Open Tender process for the Selection of a Life Insurance Company to provide Term Life Insurance Coverage to Indian Seafarers under the Seafarers Welfare Fund Society (SWFS). This Request for Bid (RFB), identified by Tender Reference Number 46/24/2026-114-Life, falls under the Services category, specifically Miscellaneous Services. The tender process involves two covers: Cover 1 for Eligibility Criteria, Qualification Criteria, and Technical aspects, and Cover 2 for the Financial Bid (BOQ). The EMD amount is fixed at ₹1,00,000 payable to the Seafarers Welfare Fund Society in Mumbai, with BG/ST or EMD exemption being permissible. The tender documents will be available for download from August 17, 2026, 04:00 PM, until September 14, 2026, 04:00 PM. A pre-bid meeting is scheduled for August 27, 2026, at 12:00 PM, with further details and the link provided on the RFP. Bids can be submitted from August 28, 2026, 01:00 PM, up to the submission deadline of September 14, 2026, 04:00 PM. The Bid Opening will take place online on September 15, 2026, at 04:00 PM. The contract form is QCBS, and the bid validity is for 180 days. The tender value is not specified. Interested parties are directed to refer to the tender documents for comprehensive details regarding eligibility, qualification criteria, and other requirements. The Tender Inviting Authority is the Dy. Nautical Advisor, located at 9th Floor Beta Building, i-Think Techno Campus, Kanjurmarg East, Mumbai, Maharashtra 400042.