Group Term Insurance Service for Permanent Employees

The eligibility requirements include being a registered entity with relevant experience in providing Group Term Insurance Services to government bodies or large corporations. Bidders must have necessary certifications, such as IRDAI registration, ensuring adherence to industry standards and compliance requirements.

Bidders are required to submit several certificates as part of their documentation, including IRDAI certification, proof of previous insurance contracts, and any relevant compliance certificates that align with provided industry standards. This documentation is crucial for built-in transparency during the evaluation process.

Bidders should complete the registration process on the specified e-procurement platform. This includes creating an account, verifying credentials, and submitting necessary documentation as detailed in the RFP. Timely registration is vital for participants to ensure the ability to submit bids by the deadline.

The Earnest Money Deposit (EMD) for this tender acts as a security measure to ensure commitment from bidders. Details regarding the amount, acceptable modes of payment, and submission guidelines will be outlined in the tender documentation. Non-compliance with EMD requirements will lead to disqualification.

Yes, this tender extends special provisions to support Micro, Small, and Medium Enterprises (MSEs) and startups, aiming to encourage their participation in public procurement. These benefits can include reduced financial requirements or preferences during evaluation, fostering an inclusive bidding environment that enhances competition.