NLC India Limited Tender

The Eligibility requirements mentioned are: 1. The Bidder should be licensed General Insurance companies operating in India. 2. The Bidder should have underwritten industrial All Risk policies/Mega Policies of total sum insured value of Rs. 10,000 Cr or more either as insurer or as a Co-insurer with an individual share of Rs.10,000 Cr during the preceding three years. 3. The average Annual Gross Direct Premium income in India of the bidder during completed financial years shall not be less than Rs.2,500 Cr. 4. The net worth of the bidder should be positive. The past performance of the Insurers may be taken into consideration, but no specific criteria or percentage is mentioned. The technical certification required by the bidder to participate in this tender is: 1. Certificate of registration for undertaking General Insurance business in India. 2. Fee receipt for Renewal of license issued by IRDA for the current year. 3. All Risk Policies / Mega Insurance Policies certified by the authorized signatory of Insurance Company. 4. Annual Reports for the last three completed financial years containing Annual Gross Direct Premium duly certified by the authorized signatory of Insurance Company. 5. Relevant page of audited Annual Report pages containing Net-worth figure.