Department of Higher Education Tender by National Institute Of Technology (nit) (8202fd8f)
Group Mediclaim Insurance Service - Students; All pre-existing illness; Yes
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Tender Title: Group Mediclaim Insurance Service for Students
Reference Number: 8202fd8f
Issuing Authority:
Department of Higher Education, Ministry of Education
The Group Mediclaim Insurance Service for Students is an essential tender aimed at securing comprehensive insurance coverage for students across educational institutions. The initiative intends to provide a robust safety net for students by encompassing all pre-existing illnesses, ensuring their health and well-being is prioritized during their academic journey. The authority seeks credible and qualified vendors to fulfill this obligation effectively.
Scope of Work and Objectives
The primary objective of this tender is to offer a Group Mediclaim Insurance Service capable of covering approximately 4,850 students. The scope of work includes designing, implementing, and managing an insurance scheme that addresses various medical needs, including hospitalization, outpatient treatment, and coverage for pre-existing conditions. This service aims to empower students by reducing the financial burden associated with medical issues, thus enabling them to focus on their studies without fear or worry regarding their health.
Eligibility Criteria
To qualify for this tender, bidders must meet specific eligibility criteria, including but not limited to:
- Being a registered insurance provider with necessary licensing in compliance with local regulations.
- Demonstrable experience in providing group health insurance services, especially to educational institutions or similar demographics.
- Financial stability to manage the underwriting and claims process effectively.
Technical Requirements
Technical requirements for this tender emphasize that the Group Mediclaim Insurance Service must cover:
- All pre-existing illnesses of enrolled students.
- A range of medical services from hospitalization to outpatient treatments.
- Comprehensive policy details regarding claim processes, exclusions, and co-payment terms.
Financial Requirements
Bidders are required to provide a detailed financial proposal outlining premium costs, coverage limits, potential price evaluations, and justifications for proposed pricing. Additionally, providers must comply with all standard financial and contractual commitments typical in an insurance context.
Document Submission Details
Interested bidders should submit their proposals electronically through the designated tender portal. Each submission must include:
- Company profile and relevant experience
- Detailed proposal and financial bid
- Proof of capability to manage student insurance schemes
Special Provisions
The tender facilitates provisions for Micro, Small, and Medium Enterprises (MSEs) and startups, encouraging participation from diverse sections of the economic ecosystem. This provision aims to promote inclusivity and enhance competition among bidders. Preference may be given to businesses adhering to the 'Make in India' initiative, encouraging local content and procurement.
Evaluation Process
The evaluation process will analyze submitted documents on the basis of technical capability, financial viability, and compliance with the outlined requirements. Successful bidders will be shortlisted for further negotiations and final approval. Criteria such as cost-effectiveness and service comprehensiveness will play a vital role in the selection.
Delivery Locations
Services will be delivered across various educational institutions under the jurisdiction of the Department of Higher Education, with specific attention to the geographical needs of enrolled students.
Contact Information
For further inquiries regarding the tender, interested parties are encouraged to reach out to the Department of Higher Education via the official email provided: drps.nitdgpr@gov.in.
This tender presents a significant opportunity for qualified bidders to engage in a collaborative effort to enhance the health security of students. By responding to this Group Mediclaim Insurance Service tender, participants will not only contribute to safeguarding student welfare but also expand their outreach in the growing field of educational insurance solutions.
General Information
Financial Information
Evaluation and Technical Information
Tender Documents
4 DocumentsDocuments Required from Seller
- Experience Criteria
- Bidder Turnover
- Certificate (Requested in ATC)
- Additional Doc 1 (Requested in ATC)
- Additional Doc 2 (Requested in ATC) *In case any bidder is seeking exemption from Experience / Turnover Criteria
- the supporting documents to prove his eligibility for exemption must be uploaded for evaluation by the buyer
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Frequently Asked Questions
The eligibility requirements include being a registered entity with necessary licensure, credibility, and a proven track record in health insurance, specifically catering to educational institutions. Bidders must demonstrate the capacity to underwrite and manage claims effectively, ensuring compliance with applicable laws and regulations.
Bidders are generally required to submit relevant certificates which include business registration, insurance provider licenses, and any certifications that demonstrate compliance with health insurance industry standards, as well as a strong track record in service delivery.
To register for participation, interested bidders must create an account on the official tender portal and fulfill necessary account verification steps. After registration, bidders are prompted to submit their proposals electronically, conforming to the required submission guidelines.
Proposals should be submitted in formats including PDF and Excel to ensure compatibility and easy access during review. It is crucial to verify the specific document formats described in the submission guidelines outlined in the tender documentation before submission.
The performance security requirements typically demand that the successful bidder furnish a security deposit or guarantee to ensure compliance with the contract terms. Details regarding the amount and terms will be specified upon selection, often encompassing a percentage of the total contract value to safeguard the interests of the authority.
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