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The text clarifies terms such as Agreement, Acceptance of Tender, Authorized Signatory, Bidder, Bid, Deliverables, Contract and Contract Value, and classification of L1 quotes and bidders. It also specifies working/business day definitions, legal terminology, eligibility via a two-bid procedure (technical and commercial), and roles and responsibilities under the Terms of Reference for the RASP and API security solution for LIC mobile applications.",{"@graph":63,"@context":119},[64,80,102],{"@type":65,"itemListElement":66},"BreadcrumbList",[67,71,74,77],{"item":68,"name":69,"@type":70,"position":9},"https://docshare.wps.com","Home","ListItem",{"item":72,"name":10,"@type":70,"position":73},"https://docshare.wps.com/template/",2,{"item":75,"name":41,"@type":70,"position":76},"https://docshare.wps.com/template/letters/",3,{"item":78,"name":59,"@type":70,"position":79},"https://docshare.wps.com/template/rasp-rfp/194658/",4,{"url":78,"name":59,"@type":81,"image":82,"author":87,"headline":59,"publisher":90,"fileFormat":93,"inLanguage":57,"description":61,"dateModified":94,"datePublished":95,"encodingFormat":93,"isAccessibleForFree":96,"interactionStatistic":97},"DigitalDocument",{"url":83,"@type":84,"width":85,"height":86},"https://docshare.wps.com/thumbnails/rasp-rfp/194658.png","ImageObject",442,249,{"name":88,"@type":89},"Ethan Miller","Person",{"url":68,"name":91,"@type":92},"DocShare","Organization","application/pdf","2026-10-06","2026-09-03",true,{"@type":98,"interactionType":99,"userInteractionCount":101},"InteractionCounter",{"@type":100},"ViewAction",9,{"@type":103,"mainEntity":104},"FAQPage",[105,111,115],{"name":106,"@type":107,"acceptedAnswer":108},"What does “Acceptance of Tender” mean in this RFP?","Question",{"text":109,"@type":110},"It refers to the letter, fax, email, or any memorandum communicating to the bidder about the acceptance of the tender.","Answer",{"name":112,"@type":107,"acceptedAnswer":113},"How is the L1 bidder determined?",{"text":114,"@type":110},"L1 is the lowest price quote after evaluation of commercial bids, with pricing discovered through online reverse auction if held as per the RFP conditions.",{"name":116,"@type":107,"acceptedAnswer":117},"What does “Eligibility Bid” mean under the two-bid process?",{"text":118,"@type":110},"Eligibility conditions are used in place of an empanelment process, so the phrase “eligibility bid” is read as a response to eligibility criteria.","https://schema.org",{"og:url":78,"og:type":121,"og:title":59,"og:site_name":91,"og:description":61},"article",{"robots":123,"canonical":78},"index,follow",{"doc_id":125,"site_id":56},194658,1788441488,{"code":4,"msg":5,"data":128},{"doc_id":125,"user_id":129,"nickname":88,"user_avatar":130,"doc_module":9,"category_id":40,"category_name":41,"doc_title":59,"doc_description":61,"doc_content":131,"file_id":132,"file_url":133,"file_type":134,"file_size":135,"view_count":101,"is_deleted":4,"is_public":9,"is_downloadable":9,"audit_status":9,"page_count":136,"language":137,"language_code":57,"site_id":56,"html_lang":57,"table_of_contents":60,"faqs":138,"seo_title":139,"seo_description":61,"update_tm":126,"read_time":140},687207017582,"https://ap-avatar.wpscdn.com/davatar_994ba38a5ba835b3df7d355c54d3ed8d","| AGREEMENT | Any written contract between the Life Insurance Corporation of India and the successful bidder with respect to any/all deliverables or services contemplated by this RFP. Any Agreement shall be deemed to incorporate, as schedules, this RFP, all addenda/corrigenda issued by LIC, the Bid of the successful bidder and mutually agreed modifications thereto. |\n| --- | --- |\n| ACCEPTANCE OF TENDER | Means the letter/fax/e-mail or any memorandum communicating to the bidder about the acceptance of this tender. |\n| AUTHORIZED SIGNATORY OF THE BIDDER | The person authorized through a valid Power of Attorney by the company’s Board/ Managing Director/ Director for signing the bid documents on behalf of the company |\n| BID | The Bidder‘s written submissions in response to the RFP signed by his Authorized Signatory |\n| BIDDER | An eligible firm/Company i.e. firm/Company fulfilling eligibility criteria and submitting a proposal in response to this RFP, in its individual capacity. |\n| BUSINESS DAY | Shall be construed as a day excluding Saturdays and Sundays of a month and public holidays declared under the Negotiable Instruments Act, 1881 by concerned State Governments or Central Government of India. |\n| CLARIFICATIONS | Means Addenda, corrigenda and clarifications to the RFP. |\n| CONTRACT | An Agreement signed between LIC and the Selected vendor and all the attached documents. The Agreement includes the RFP, subsequent modifications to the RFP issued by LIC, response of the selected vendor to the RFP and the agreement document itself. |\n| CONTRACT VALUE | The grand total ofthe L1 prices ofthe Successful Bidder |\n| DAY | Calendar Day. |\n| DEFAULT NOTICE | Shall mean the written notice of Default of the Agreement issued by one Party to the other in terms hereof |\n| DELIVERABLES | Means all services and deliverables as per this RFP Scope of Work. |\n\n| LAW | Shall mean any Act, notification, bylaws, rules and regulations, directive, ordinance, order or instruction having the force of law enacted or issued by the Central Government and/ or the Government of any state or any other Government or regulatory authority. |\n| --- | --- |\n| L1 QUOTE | 1. If Online Reverse Auction is held as per the conditions of the RFP-Lowest price discovered through Online Reverse Auction.\u003Cbr>2. If Online Reverse Auction is not held as per the conditions of the RFP-Lowest price discovered through Commercial Bid and Price negotiation. |\n| L1 BIDDER | Bidder with L1(Lowest) Quote after the evaluation of commercial bids. If Online Reverse Auction is held as per the conditions of the RFP Lowest price discovered through Online Reverse Auction. |\n| LIC | Means without limitation the Life Insurance Corporation of India (LIC), a statutory Corporation established under section 3 of Life Insurance Corporation Act, 1956, (Act 31 of 1956) having its Central Office at ´Yogakshema, Jeevan Bima Marg, Mumbai 400 021. |\n| SOLUTION/ SERVICES/\u003Cbr>WORK/ SYSTEM/ IT SYSTEM | All services, scope of work and deliverables to be provided by a Bidder as described in the RFP and include services ancillary to the implementation/ development of the solution, such as installation, commissioning, integration with existing systems, provision of technical assistance, training and other obligation of the Supplier covered under this RFP. |\n| WORKING DAY | Shall be construed as a day excluding Saturdays, Sundays and public holidays declared under the Negotiable Instruments Act, 1881 by concerned Local Bodies or State Governments or Central Government of India as applicable to the concerned LIC office. |\n| ELIGIBILITY BID | This tender process is based on two bid procedure (Technical and Commercial) . Eligibility conditions are used in this tender in lieu of empanelling process. Where the words “eligibility bid”appears the same should be read and understood as “response to eligibility conditions criteria”. |\n| TERMS OF REFERENCE | The section which explains the objectives, scope of work, activ","cbCaicnjuKVBP2fI","https://ap.wps.com/l/cbCaicnjuKVBP2fI","pdf",1695861,89,"English","[{\"question\":\"What does “Acceptance of Tender” mean in this RFP?\",\"answer\":\"It refers to the letter, fax, email, or any memorandum communicating to the bidder about the acceptance of the tender.\"},{\"question\":\"How is the L1 bidder determined?\",\"answer\":\"L1 is the lowest price quote after evaluation of commercial bids, with pricing discovered through online reverse auction if held as per the RFP conditions.\"},{\"question\":\"What does “Eligibility Bid” mean under the two-bid process?\",\"answer\":\"Eligibility conditions are used in place of an empanelment process, so the phrase “eligibility bid” is read as a response to eligibility criteria.\"}]","RASP RFP | PDF",31]