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Tender Reference Number: 128348a9f
Issuing Authority: Department of Higher Education, Ministry of Education
The Group Mediclaim Insurance Service tender is initiated to secure comprehensive insurance coverage for permanent employees, contract employees, and faculty members within educational institutions. This tender is designed to provide an essential employee benefit, ensuring access to necessary medical treatments and healthcare services.
Scope of Work and Objectives
The primary objective of this tender is to offer robust group mediclaim insurance services that include hospitalization for accidents, emergency treatments, outpatient department (OPD) visits, domiciliary treatment, and maternity coverage. This coverage extends to all pre-existing illnesses, ensuring that all employees receive adequate health protection without discrimination.
Eligibility Criteria
To qualify for participation in this tender, bidders must meet the following requirements:
- Registration with the Insurance Regulatory and Development Authority of India (IRDAI).
- Proven track record of providing group insurance services in the last five years.
- Financial stability demonstrated through balance sheets and profit-loss statements for the last three financial years.
Technical Requirements
The successful bidders must comply with technical specifications outlined by the Department of Higher Education. Key insurance coverage details include:
- Inclusion of hospitalization costs.
- Coverage for both routine and unforeseen medical events, including maternity needs.
- Acceptance of claims for all pre-existing illnesses after a waiting period, if applicable, as per insurance norms.
Financial Requirements
Interested bidders thus need to provide evidence of their financial capability to assume the risk associated with the provided mediclaim services. The required financial documents include:
- Last three years of financial statements.
- A solvency certificate from a recognized financial institution.
Document Submission Details
All proposals must be submitted electronically through the designated portal. Bidders are required to complete the online submission form and upload all necessary documents, including detailed proposals that outline their approach to meet the technical and financial requirements.
Special Provisions
This tender may include benefits for Micro, Small and Medium Enterprises (MSEs), promoting increased participation and support for local suppliers and service providers. Bidders are encouraged to indicate if they qualify as MSEs within their proposal documents.
Evaluation Process
Proposals will undergo a thorough evaluation process based on defined criteria. The assessment will focus on:
- Technical expertise, including compliance with specifications.
- Financial feasibility and solvency.
- Past performance metrics and client references.
The most competitive bids will be shortlisted for further evaluation, including potential interviews or presentations.
Delivery Locations
The services will be applicable to institutions and locations defined by the Department of Higher Education, encompassing a wide range of educational services and employee bases.
Contact Information
For any inquiries regarding this tender, bidders may refer to the official contact points provided on the tender portal.
By participating in this Group Mediclaim Insurance Service tender, bidders not only engage with a crucial sector but also contribute to the enhancement of employee welfare in educational institutions. Firms that meet the eligibility standards, fulfill the financial requirements, and deliver high-quality coverage will play a pivotal role in supporting health benefits for employees across various services.
General Information
Financial Information
Evaluation and Technical Information
Tender Documents
4 DocumentsDocuments Required from Seller
- Experience Criteria
- Bidder Turnover
- OEM Annual Turnover *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 the Insurance Regulatory and Development Authority of India (IRDAI), demonstrating a proven experience in providing group insurance services for at least five years, and showcasing financial stability through balance sheets for the last three financial years.
Participants must submit several key documents, including a completed electronic submission form, detailed financial statements for the past three years, a solvency certificate, and documentation attesting to background in group insurance. All documents should adhere to specified accepted document formats outlined in the submission guidelines.
The evaluation process involves assessing technical and financial submissions based on predefined criteria. Bids will be evaluated for compliance with insurance specifications, past performance records, and financial robustness. The top submissions will undergo a final review, leading to the selection of the most competitive bidder(s).
Payment terms will be outlined during the finalization stages of the tender process, including the provision of an Earnest Money Deposit (EMD). Successful bidders may also be required to furnish performance security as a guarantee for the service obligations as part of the contractual agreement.
Yes, the tender encourages participation from Micro, Small, and Medium Enterprises (MSEs) by offering special provisions. MSEs are encouraged to declare their status within their proposals, which may provide them with advantages during the evaluation phase and support local business participation in government tenders.
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