DEPARTMENT OF HEALTH AND FAMILY WELFARE Tender by Gmsh16 (GEM/2025/B/6096383)
Assets Insurance Service - Terrorism Insurance, Electronic Equipment Insurance, Fire Insurance, All
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Tender Title: Assets Insurance Services
Reference Number: GEM/2025/B/6096383
Issuing Authority: Department of Health and Family Welfare
The Department of Health and Family Welfare is inviting proposals for the provision of Assets Insurance Services. This tender focuses on acquiring comprehensive insurance coverage in key areas such as Terrorism Insurance, Electronic Equipment Insurance, and Fire Insurance as part of a broader All Risk Policy, designed to mitigate various operational risks.
Scope of Work and Objectives
The primary objective of this tender is to secure a robust insurance framework to cover diverse threats, including geopolitical factors and natural disasters. Service providers will be expected to provide the following types of coverage:
- Terrorism Insurance: Coverage against risks resulting from terrorist acts.
- Electronic Equipment Insurance: Protection against accidents, breakdowns, and damages related to electronic assets.
- Fire Insurance: Comprehensive protection against fire-related incidents.
Additional coverage specifics include Standard Fire & Special Perils Cover, as well as protection against storms, hurricanes, floods, and earthquakes.
Eligibility Criteria
Eligible bidders must be registered entities with a valid insurance provider license and demonstrate capability and experience in delivering similar services. Consideration will be given to the company’s track record, financial stability, and compliance with local regulations.
Technical Requirements
Proposals must include detailed documentation outlining the insurance service offerings, including policy terms, coverage limits, and specific exclusions. Providers are also required to outline their claims process and how they handle risk management.
Financial Requirements
Bidders must demonstrate the financial viability of their organization, including submitted financial statements and proof of insurance reserves. Furthermore, tender submissions should comply with pricing guidelines specified in the documentation.
Document Submission Details
Proposals, along with all required documentation, should be submitted electronically through the designated portal. Each proposal must clearly outline all relevant coverage explanations and adhere to structural submission guidelines to avoid disqualification.
Special Provisions
Micro, Small, and Medium Enterprises (MSEs) and startups are encouraged to participate as part of the department’s commitment to fostering local businesses. Such entities may receive additional points during evaluation consideration, highlighting the government's dedication to supporting the domestic economy.
Evaluation Process
The evaluation of proposals will be conducted based on a structured assessment criterion that includes technical capacity, financial proposal competitiveness, and overall service delivery capability. Shortlisted bidders may be called for further evaluations.
Delivery Locations
Services are to be rendered across various jurisdictions covered by the Department's assets, which include public health facilities and welfare infrastructure.
Contact Information
For further inquiries regarding this tender, bidders can reach out via the official communication channels outlined in the tender documents.
General Information
Financial Information
Evaluation and Technical Information
Tender Documents
4 DocumentsCorrigendum Updates
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Frequently Asked Questions
The eligibility requirements for this tender mandate that bidders must be registered insurance providers with a valid license. They should demonstrate their capacity to deliver comprehensive insurance solutions tailored to the Department of Health and Family Welfare’s needs. Experience in similar sectors, satisfactory financial records, and compliance with regulatory standards are critical factors that will be reviewed during the selection process.
Participants must provide a range of documents, including valid insurance licenses, financial statements, and relevant experience proofs. Additionally, technical documents detailing insurance policy coverage and terms must be submitted. Certificates demonstrating compliance with local regulations and any regulatory authority approvals may also be required.
Bidders are required to submit their proposals electronically through the specified online portal. Accepted document formats typically include PDF and Word documents to ensure clarity and easy accessibility. Proposals should be organized in accordance with the submission guidelines to facilitate easy evaluation.
Upon selection, successful bidders may be required to furnish a performance security deposit to ensure the contractual obligations are met and provide an assurance of service delivery. The amount and terms of the performance security will be detailed in the formal award notification.
MSEs are encouraged to participate under favorable conditions, including additional considerations during the evaluation process. Such provisions may enhance their chances of securing contracts, thereby fostering support for local businesses and promoting micro-economic growth in the community. Compliance with ‘Make in India’ policies will further enhance their eligibility.
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