Tender Title: Motor Insurance Service for 4 Wheeler and 06 Wheeler Vehicles

Reference Number: 176dae135

Issuing Authority: Airports Authority of India (AAI), Ministry of Civil Aviation

The Motor Insurance Service tender aims to provide comprehensive coverage for a fleet of vehicles including 4 wheeler, 06 wheeler, specifically categorizing between 1001 CC to 1500 CC and above 2500 CC vehicles. The selected contractor will be required to ensure optimal coverage levels, conformity with legal standards, and timely service delivery.

Scope of Work and Objectives

The scope of this tender encompasses the procurement of motor insurance services for a total of six vehicles to ensuring financial protection against damages, accidents, and liabilities. The objectives include:

• To secure a competitive and comprehensive insurance plan.
• To ensure that all vehicles remain compliant with the legal requirements set forth by governing bodies.
• To assist the Airports Authority of India in managing risks associated with fleet operations effectively.

Eligibility Criteria

All bidders must meet specific eligibility criteria, which include:

• Being a legally registered entity in the country.
• Proven experience in providing insurance services, particularly for motor vehicles.
• Relevant certifications that validate their expertise in this field.
• Capacity to handle claims efficiently within stipulated timeframes.

Technical Requirements

Bidders must adhere to the following technical requirements:

• Submission of a detailed insurance policy that outlines coverage specifics, exclusions, and terms.
• Evidence of compliance with the regulatory standards that govern insurance providers.
• Documentation showcasing previous insurance management successes, including client testimonials if available.

Financial Requirements

Financial documentation must reflect the following:

• Proof of financial stability and capability to provide the required services.
• Submission of Bid proposals showing competitive pricing and terms.
• Compliance with any additional financial assurances that may be required by the Airports Authority of India.

Document Submission Details

All documents must be submitted through the designated online portal by the specified deadline. Each bid must include:

• A completed bid proposal form.
• Financial documents.
• Technical documentation validating the bid's eligibility.
  If digital submissions are required, formats must comply with accepted standards specified in the tender guidelines.

Special Provisions

This tender encourages participation from Micro, Small, and Medium Enterprises (MSEs) and startups by outlining specific benefits available to these groups:

• Financial concessions or preference points during evaluation.
• Assistance in navigating the insurance procurement process.

Evaluation Process

The evaluation process will be based on several criteria:

• Assessment of technical and financial proposals.
• Evaluation of the compliance of submitted documents against tender requirements.
• Points will be allotted based on bidder's experience, financial capacity, and overall service value.

Delivery Locations

Services will be required across multiple locations as per the requirements specified by the Airports Authority of India. Bidders must provide coverage that is adaptable to these diverse operational areas.

Contact Information

For further inquiries related to this tender, interested parties are encouraged to consult the Airports Authority of India’s website to utilize appropriate channels for communications.