Department of Higher Education Tender by Aligarh Muslim University (amu) (GEM/2025/B/6162086)

Tender Title: Motor Insurance Service - Agricultural Tractor; Above 2500 CC
Reference Number: GEM/2025/B/6162086
Issuing Authority/Department: Department of Higher Education, Ministry of Education

The Motor Insurance Service - Agricultural Tractor; Above 2500 CC tender is aimed at procuring comprehensive insurance coverage for agricultural tractors exceeding 2500 CC. This initiative is to ensure that agricultural machinery is adequately covered against potential risks while enhancing the operational efficiency of farms and agricultural practices.

Scope of Work and Objectives

The primary goal of this tender is to secure motor insurance services that provide full coverage for agricultural tractors in operation. The scope includes but is not limited to:

• Comprehensive insurance coverage against accidents, theft, and third-party liabilities.
• Evaluating risk management strategies that ensure the safety of the tractors.
• Offering support services for claims processing and insurance advisory.
• Ensuring compliance with all regulatory requirements associated with agricultural equipment insurance.

Eligibility Criteria

To qualify for participation in this tender, bidders must meet specific criteria, including:

• Being a registered insurance company or broker with valid licenses to operate.
• Demonstrating prior experience in providing insurance services for agricultural machinery.
• Meeting financial stability requirements, as evidenced by financial statements.
• Proof of having the necessary certifications and accreditations.

Technical Requirements

Bidders must provide detailed technical proposals that include:

• An outline of the coverage policies available.
• Claims processing timeframes.
• Breakdown of additional services provided, such as roadside assistance and recovery.
• Any technological tools to facilitate claim management.

Financial Requirements

The financial proposal must detail the pricing structure, including:

• Premium rates applicable to various coverage options.
• Any additional surcharges or discounts possible.
• Transparent explanation of payment terms and conditions.

Document Submission Details

All interested bidders must submit their proposals in accordance with the stipulated guidelines in the tender documentation. Submissions should include:

• Completed bid forms.
• Supporting documents as outlined in the eligibility criteria.
• Financial proposals presented in clear, itemized formats.

Special Provisions

Provisions have been made for Micro, Small, and Medium Enterprises (MSEs) and startups to encourage participation and promote local businesses. Eligible bidders in this category may benefit from preferential evaluation criteria.

Evaluation Process

The evaluation process will consist of:

• Technical evaluation of proposals submitted based on the outlined criteria.
• Financial assessment of the proposals to determine the most cost-effective solutions.
• A panel review may be conducted to ensure compliance with all specifications.

Delivery Locations

The insurance services should cover agricultural tractors operating across numerous locations, subject to the specifics of the contract.

Contact Information

For further inquiries related to the tender, please ensure to refer to the official communication channels as outlined in the tender documentation.