Lic/co/crm/ps/pa/rfp/2026 27

Work Description - Request For Proposal For Payment Aggregator

Life Insurance Corporation of India, a Central Government Ministry/Department, invites open tenders for a Request for Proposal for Payment Aggregator. The Tender Reference Number is LIC/CO/CRM/PS/PA/RFP/2026-27, and the Tender ID is 2026_LIC_834494_1. This is a Services tender with the product category being Info. Tech. Services. Interested parties must submit bids online in two covers: a Technical Bid and a Commercial Bid. The tender document can be downloaded starting April 7th, 2026, at 05:30 PM and ending May 7th, 2026, at 03:00 PM. Bid submission also starts on April 7th, 2026, at 05:30 PM and ends on May 7th, 2026, at 03:00 PM. The Bid Opening Date is May 7th, 2026, at 03:30 PM. A Pre-Bid Meeting is scheduled for April 20th, 2026, at 03:00 PM in Mumbai. A fixed EMD of ₹10,00,000 is required, payable to LIFE INSURANCE CORPORATION OF INDIA at MUMBAI. EMD exemption is allowed via BG/ST. The tender fee is ₹11,800, also payable to LIFE INSURANCE CORPORATION OF INDIA at MUMBAI and exemption is allowed. The Tender Inviting Authority is the EXECUTIVE DIRECTOR CRM PS, located at Life Insurance Corporation of India, CRM/PS Department, Central Office, 5th Floor(Link), Yogakshema Building, Jeevan Bima Marg, Mumbai 400021. The contract period is 30 days, with a bid validity of 180 days. Payment can be made via Bank Guarantee, RTGS/ECS/NEFT or as per Tender Document. The address for bid opening is Mumbai.