Tender Title: Motor Insurance Service for 4 Wheeler; Above 2500 CC
Tender Reference Number: GEM/2025/B/6164560
Issuing Authority/Department: Department of Higher Education, Ministry of Education

The Department of Higher Education is inviting bids for providing comprehensive Motor Insurance Services for vehicles classified as 4 Wheeler; Above 2500 CC. This tender aims to procure an insurance policy that ensures adequate coverage and risk management for its fleet of high-capacity vehicles. The scope of work encompasses the following objectives:

1. Scope of Work and Objectives: The selected service provider will be responsible for delivering comprehensive motor insurance that covers all potential risks associated with the operation of 4-Wheelers above 2500 CC. This includes, but is not limited to, third-party liability, comprehensive coverage, theft protection, and natural calamity coverage.

2. Eligibility Criteria: Bidders must be registered and licensed insurance companies, authorized to offer motor insurance services within the jurisdiction. Eligible entities should demonstrate a proven track record of at least 3 years in the insurance sector, with valid certifications that comply with local regulations.

3. Technical Requirements: Bidders are required to submit documentation evidencing their capability to provide such services, including details regarding their existing insurance products, policy limits, coverage terms, and claims procedures.

4. Financial Requirements: Bidders must provide financial statements demonstrating stability, along with an Earnest Money Deposit (EMD) as specified in the tender notification. This is to ensure that participating bidders are financially sound and able to manage the insurance services effectively.

5. Document Submission Details: All bids must be submitted in a single packet, including electronic formats acknowledged by the Ministry. Failure to comply with the submission guidelines may lead to disqualification from the bidding process.

6. Special Provisions: Consideration will be provided for registered Micro, Small, and Medium Enterprises (MSEs) and startups that meet the eligibility criteria.

7. Evaluation Process: Bids will be evaluated based on technical capabilities, financial quotations, and overall compliance with the specified requirements. The evaluation criteria will ensure that the selected bidder meets the operational needs and delivers the best value for money.

8. Delivery Locations: Insurance services will cover vehicles utilized by various departments within the Ministry of Education, primarily based in urban and rural locations across the nation.

9. Contact Information: For further details, assistance, or queries, bidders can reach out through the official communication channels established by the Department of Higher Education.

This tender presents a key opportunity for qualified insurance providers to collaborate with the Ministry in enhancing risk management for valuable governmental fleet assets. Bidders are encouraged to carefully review all requirements and submit complete proposals that demonstrate their capacity to fulfill the contractual obligations successfully.