Tender Title: Assets Insurance Service

Reference Number: 10571582d

Issuing Authority/Department

The tender is issued by the Cooperative Department Uttar Pradesh. This department ensures that assets and liabilities associated with various sectors are adequately insured, providing financial security and risk management solutions.

Scope of Work and Objectives

The scope of this tender encompasses the provision of Assets Insurance Services, which include Mega Risk Insurance, Money Insurance, and Property Damage Cover (optional). The objectives are to safeguard public assets against unforeseen events, mitigate risks related to property damage, and secure monetary assets effectively. The service provider will be responsible for developing tailored insurance solutions to align with the needs of the Cooperative Department.

Eligibility Criteria

To participate in this tender, bidders must meet the following eligibility requirements:

• Be a registered and licensed insurance service provider.
• Possess relevant experience in managing insurance services of comparable scale and scope.
• Maintain compliance with industry standards and regulations.

Technical Requirements

Bid submissions should include the following technical specifications:

• Demonstrable experience and expertise in Assets Insurance Services.
• Capability to provide comprehensive insurance coverage options as specified in the tender documentation.
• Ability to manage claims processing efficiently and effectively.

Financial Requirements

Bidders must provide evidence of:

• Financial stability and capability to undertake the insurance coverage outlined.
• Details regarding pricing structures and payment terms associated with the proposed insurance services.

Document Submission Details

Interested bidders must ensure the submission of:

• Completed tender documents,
• Any required certifications or licenses,
• Financial proposals in the specified format,
  Prior to the submission deadline as indicated in the tender brief.

Special Provisions

The tender may include special provisions tailored for Micro, Small, and Medium Enterprises (MSEs) and startups to encourage their involvement. These provisions aim to enhance their competitiveness and provide equal opportunities in public procurement.

Evaluation Process

The bids will undergo a detailed evaluation process comprising:

• Compliance check against the eligibility criteria,
• Technical evaluation based on submitted qualifications,
• Financial assessment reflecting cost-effectiveness and proposed pricing structures.
  The evaluation team will select the best-suited bidder based on merit and alignment with tender objectives.

Delivery Locations

The successful bidder will be required to provide insurance coverage for assets located within Uttar Pradesh, ensuring on-ground support and claims facilitation throughout the state.

Contact Information

For more information, bidders can reach out to the Cooperative Department. Specific contact details will be provided upon request, ensuring all inquiries are adequately addressed.

In conclusion, this tender presents a robust opportunity for participating entities specializing in Assets Insurance Services to engage with the Cooperative Department Uttar Pradesh. Providers are encouraged to submit competitive bids that meet all stated requirements and contribute to effective risk management practices in the region.