Group Mediclaim Insurance Service for Ex-employees and Their Spouses

The eligibility requirements include being a registered insurance provider recognized by the Insurance Regulatory and Development Authority (IRDA), possessing a minimum of five years of experience in providing mediclaim insurance services, and having a robust network of healthcare facilities for seamless service delivery. Additionally, the bidder must demonstrate financial stability by submitting relevant documents.

Bidders must submit several required certificates, which include proof of registration with IRDA, a tax compliance certificate, and their business license. The bidder should also provide experience certificates demonstrating past performance in providing insurance services, specifically related to mediclaim coverage.

The registration process involves submitting an online application form through the relevant portal, followed by the upload of all supporting documents specified in the tender document. Bidders should ensure that all submissions are made in the accepted formats (PDF, Word) and adhere to the specified guidelines for timely processing.

Performance security requirements typically include the submission of an earnest money deposit (EMD) along with a performance guarantee issued by a recognized financial institution. This security will safeguard the interests of the issuing authority and ensure compliance with the contract terms throughout the project duration.

The tender offers specific benefits for Micro, Small, and Medium Enterprises (MSEs), including price preference during the evaluation process, as well as provisions for easier compliance with various requirements. MSEs that align with the objectives of the tender may receive additional support aimed at enhancing their competitive edge and local content initiatives under the ‘Make in India’ strategy.