Group Term Life Insurance Policy for 40,000 Contractual Employees

The U.P. State Road Transport Corporation (UPSRTC), through its Finance Controller, is inviting sealed bids from eligible entities for the provision of premium rates for a Term Group Insurance Policy. This policy is intended to cover approximately 40,000 contractual employees, offering a sum assured of ₹500,000 per person. The tender, identified by Tender ID 2026_UPSRT_1193372_1 and Tender Reference Number 102 Bima cell/26-30 Bima cell/2026, is an open tender categorized under "Services" with a lump-sum form of contract. The estimated tender value is ₹40,00,000, and the required Earnest Money Deposit (EMD) is ₹50,000, payable to the Finance Controller, Lucknow. Bidders are required to submit their bids in two covers: Cover 1 will contain the NIT, Pre-Qualification, and Technical documents, while Cover 2 will house the financial bid (BOQ). The tender documents are available for download from October 14, 2026, at 10:00 AM until November 13, 2026, at 03:00 PM, with the bid submission deadline also set for November 13, 2026, at 03:00 PM. Bid opening will take place on November 13, 2026, at 04:00 PM at the UPSRTC Head Quarter, Lucknow. The tender fee is ₹590, payable to the Finance Controller. Further details regarding NDA/Pre-Qualification are available in the tender documents. The bid validity period is 90 days.