Tender Title: Group Personal Accident Insurance Service for Permanent Employees
Reference Number: GEM/2025/B/6135225
Issuing Authority/Department: Ministry of Power, Contracts and Materials

The Group Personal Accident Insurance Service for Permanent Employees tender presents a unique opportunity to provide vital insurance coverage to employees against unforeseen incidents. The tender focuses specifically on accidental death, permanent total disability, permanent partial disability, and temporary disabilities, ensuring comprehensive support for employees in case of accidents. This initiative falls under a broader objective of enhancing employee welfare and promoting a safe work environment.

Scope of Work and Objectives

The primary objective of this tender is to secure reliable insurance services that will cover 4898 permanent employees against various types of accidental risks. The insurance service provider will be responsible for delivering robust plans that clearly define coverage parameters, claim processes, and additional support services. The awarded service is pivotal to guaranteeing employee security, satisfaction, and organizational accountability.

Eligibility Criteria

To qualify for participation in this tender, bidders must meet the following criteria:

• Must be a duly registered insurance provider recognized under relevant laws.
• Prior experience in providing group personal accident insurance services.
• The ability to demonstrate financial stability and adequate support infrastructure.

Technical Requirements

Bidders must furnish detailed technical proposals that include:

1. Comprehensive coverage details, outlining specific terms for accidental death and various disability classifications.
2. Evidence of the company’s financial capability, including past performance records in similar projects.
3. Mechanisms for swift claims processing and customer support facilities.

Financial Requirements

Potential bidders are required to provide financial documents showcasing their ability to sustain the insurance schemes on offer. This includes:

• Recent financial statements.
• Cost estimates for the proposed insurance coverage, detailing premium amounts.

Document Submission Details

All proposals must be submitted electronically through the designated platform, including necessary supporting documents in acceptable formats (PDF and DOCX). Bidders are advised to pay careful attention to ensure completeness, as any missing documentation may lead to disqualification.

Special Provisions

This tender also encourages participation from Micro, Small, and Medium Enterprises (MSEs) and start-ups. Bids submitted by these entities, if compliant with eligibility criteria, may avail themselves of specific benefits designed to foster inclusion and support local businesses.

Evaluation Process

Proposals will undergo a comprehensive evaluation based on the following criteria:

• Compliance with eligibility and technical requirements.
• Financial viability and competitive pricing.
• Overall quality of the proposal including service delivery timelines.

The selection process ensures a fair assessment tailored towards finding a provider that not only meets the cost expectation but also brings quality and reliability to the services rendered.

Delivery Locations

The insurance service must cater to all employees registered under the Ministry of Power and will potentially cover various work locations dictated by the organization’s operational reach.

Contact Information

For additional inquiries or clarification, bidders are encouraged to reach out directly to the relevant departments involved in this tender. Contact details can be accessed through the official Ministry of Power communications channels.