🚨 BIG BREAKING NEWS

IMPORTANT NOTICE FOR REGISTERED VALUERS

LIC OF INDIA INVITES APPLICATIONS FOR EMPANELMENT OF VALUERS

LIC INVITES VALUERS FOR EMPANELMENT

A SIGNIFICANT OPPORTUNITY FOR PROFESSIONAL VALUATION ENTITIES

Five years’ experience, ₹5-crore average annual turnover, and proven equity valuation credentials are among the key eligibility requirements

By CEV Group | Special Feature for Engineers & Valuers

The Life Insurance Corporation of India (LIC), one of the country’s leading life insurance institutions, has invited proposals for empanelment of valuers to undertake the valuation. The invitation has been issued by LIC’s Investment – Front Office Department through a Request for Proposal (RFP) dated 7 October 2026.

The tender, bearing reference number Investment-FO/Empanelment of Valuers/2026-27/001, presents a professional opportunity for eligible valuation entities having the prescribed regulatory registration, experience, financial strength, institutional empanelments and technical capability in equity valuation.

For the valuation profession, this development is significant because it highlights the growing importance of specialised valuation services beyond conventional property valuation, including the valuation of business interests, equity shares and securities for institutional investment-related requirements.

The Life Insurance Corporation of India (LIC), through its Investment – Front Office Department, has invited technical bids for empanelment of valuers for undertaking the valuation forming part of LIC’s investment portfolio.

Tender Reference: Investment-FO/Empanelment of Valuers/2026-27/001

Key Eligibility Requirements

Interested applicants must satisfy the following conditions prescribed in the RFP:

Must be an IBBI Registered Valuer and a company incorporated under the Companies Act, 2013/1956, as specified in the RFP.
Must be empanelled with at least two financial institutions/PSUs.
Must have at least five years’ experience in valuation services relating to shares/securities.
Must have an average annual audited turnover of at least ₹5 crore from valuation/professional services during the three financial years ending 31 March 2026.
Must have independently completed at least one equity valuation assignment involving an entity/valuation size of ₹50 crore or more during the preceding three financial years, excluding assignments relating to own group companies/related parties.
Must meet the prescribed requirements regarding blacklisting, insolvency, qualified personnel and supporting documentation.

Consortiums, joint ventures and associations with other entities are not permitted.

Application Procedure

The RFP requires online submission of the Technical Bid through the Tenderwizard portal:

https://www.tender.wizard.com/LIC

Applicants should download and carefully examine the complete RFP, prescribed annexures and supporting-document requirements before submitting their bids.

Last date for submission: 22 October 2026, 5:00 PM
Bid opening: 23 October 2026, 11:00 AM

RFP and updates: https://www.lic.india.co.in/

Tender reference: Investment-FO/Empanelment of Valuers/2026-27/001

Important Conditions

The proposed empanelment is initially for three years, subject to the RFP. Selection is based on technical evaluation and the prescribed assessment process. Empanelment does not guarantee any valuation assignment, minimum business volume or exclusive engagement.

All interested professionals and eligible entities are advised to verify the detailed eligibility conditions, prescribed formats, official clarifications and latest tender status before applying.

This notice is a brief summary for professional awareness. The official LIC RFP, including subsequent corrigenda and clarifications, shall prevail.

Editorial note: Before applying, the newspaper recommends that you verify the notice on the official LIC website and include the application proforma or an official link alongside the article. The report above is confined to the information contained in the first two pages of the supplied document, with the application details organised for readability; it does not suggest that all valuers are automatically eligible, as the notice specifically invites applications from Chartered Engineers.