Group Mediclaim Insurance Service for Permanent Employees

The eligibility requirements include being a registered entity in the insurance sector, demonstrating past experience in providing similar services. Bidders must possess necessary licenses and ISO certifications related to insurance and must also demonstrate financial stability to handle the insurance coverage stipulated in this tender.

Bidders are required to submit valid insurance licenses and relevant certifications demonstrating compliance with regulatory standards in the insurance industry. Additionally, ISO certifications showcasing quality management systems can enhance proposal credibility and alignment with industry standards.

Interested bidders must follow the prescribed registration process, including the submission of necessary credentials and documents in the specified format. This process ensures compliance with tender guidelines and verifies eligibility to participate in the proposal submission.

The Earnest Money Deposit (EMD) is a security deposit that bidders are required to submit along with their proposals. This amount will secure the bidder’s commitment to the tender process and is typically refunded after the selection process is completed, provided the bidder adheres to all specified terms during the bidding phase.

Encouragement for MSEs and startups is a prominent feature of this tender. Benefits include preferential treatment during the evaluation process for those adhering to local content and procurement rules, alongside potential incentives for aligning with ‘Make in India’ policies, thus promoting local enterprises and innovations.