Group Mediclaim Insurance Service for Permanent Employees, Specially Abled Unmarried and Dependent Siblings

The eligibility requirements comprise being a registered insurance provider with all necessary licenses. Additionally, applicants must have a solid financial standing and experience in managing group insurance services, particularly to accommodate a significant number of beneficiaries, which in this case is 10,107. Compliance with regulatory standards set by Indian authorities is also essential, ensuring that the bidders demonstrate both operational capacity and experience in delivering timely claims for such services.

To qualify for this tender, bidders must provide various certificates, including but not limited to:

• Valid insurance provider registration licenses,
• Tax registration certificates (like GST),
• Financial statements for the past few years indicating stability,
• Proof of positive regulatory compliance with the insurance regulatory authority,
• Experience certificates from previous successful contracts undertaken that match or relate to this scope of service.

Bids must be submitted online via the designated portal specified by the Energy Department Odisha. Only PDF format documents will be accepted; hence, bids should be compiled and converted into PDFs prior to submission. All necessary documents should be included with the technical and financial proposal, ensuring that they meet the submission guidelines outlined in the tender documents.

Bidders should expect to provide an Earnest Money Deposit (EMD) to demonstrate their commitment to the tender process. Details regarding the amount and submission method will be specified in the tender documentation. Furthermore, the winning bidder may need to furnish a performance security deposit, which typically corresponds to a fixed percentage of the contract value, ensuring the fulfillment of contract obligations.

Yes, the tender has explicitly encouraged participation from Micro, Small, and Medium Enterprises (MSEs). Such enterprises may have distinct benefits, including preferential scoring in the evaluation process and potential reserved quotas for MSE participation. These provisions align with government initiatives to foster local businesses and encourage entrepreneurship, thus contributing to broader economic growth and local content integration.