Group Life Insurance Services for Aror University Employees

Aror University invites technical and financial proposals for group life insurance coverage for its regular employees. The contract duration is one year, extendable up to three years based on mutual consent and performance. Eligible bidders must be life insurance companies with A+ rating or above, registered with tax authorities and on the Active Taxpayer List. The tender requires submission of sealed technical and financial proposals separately via the EPADS online portal. The scope includes coverage for approximately 157 employees across different grades with specified coverage amounts. Evaluation criteria include company experience, office location, credit rating, claims history, and additional benefits. The contract includes strict compliance, ethical business conduct, and detailed reporting and claim settlement procedures.