Tender Title: Mega Risk Insurance Services
Reference Number: 184d84d17
Issuing Authority/Department: Food Civil Supplies and Consumer Protection Department, Chhattisgarh

The Mega Risk Insurance Services tender aims to procure comprehensive insurance coverage for various assets and electronic equipment, ensuring their protection against an extensive array of risks. This service serves to safeguard public investments by providing insurance solutions tailored to meet the specific needs of Chhattisgarh's public sector assets.

Scope of Work and Objectives

The primary objective of this tender is to secure a reliable insurance provider capable of delivering Assets Insurance Services that include, but are not limited to:

• Group Insurance coverage
• Insurance for computers and electronic equipment
• Standard Fire and Special Perils Cover
• Protection against riot, strike, and malicious damages
• Theft and burglary cover

The selected vendor will be responsible for formulating a robust insurance policy that encompasses these diverse elements of coverage, aiming to minimize financial risks associated with asset losses.

Eligibility Criteria

To qualify for participation in this tender, organizations must meet the following eligibility criteria:

• Must be a registered insurance provider recognized in India.
• Must possess a valid insurance license to operate in the relevant sector.
• Demonstrated experience in providing insurance services for public sector assets.
• Financial stability and capability to underwrite potential risks associated with the coverage requested.

Technical Requirements

Proposals must comply with the following technical requirements:

• Submission of comprehensive risk assessment strategies.
• Provision of a clear outline of coverage terms and conditions.
• Capability to offer customized solutions based on specific asset types and their associated risks.
• Detailed guidelines on claims processes and customer support systems.

Financial Requirements

Bidders should ensure that the financial proposals submitted reflect:

• Competitive pricing for the insurance coverage.
• A clear breakdown of premiums and associated costs.
• Terms of payment and any associated penalties for late payments.

Document Submission Details

All proposals, including requisite documents, must be submitted in a format compatible for review. Key documents typically include:

• Company registration certificate
• Insurance licenses
• Previous experience and clientele list
• Financial health statements

Special Provisions

The tender encourages participation from Micro, Small, and Medium Enterprises (MSEs). To promote inclusivity, vendors from this category may benefit from relaxed eligibility requirements and possible additional evaluation credits.

Evaluation Process

The evaluation process will assess submissions based on:

• Compliance with technical and financial requirements.
• Price competitiveness and overall value offered.
• Previous experience in similar projects, particularly with public sector assets.

Delivery Locations

The insurance coverage shall apply to various government assets distributed throughout Chhattisgarh.

Contact Information

For detailed queries regarding this tender, bidders are encouraged to refer to official communication channels provided in the tender documentation. Make sure to verify any contact details shared in the official documents by the issuing authority.