Motor Insurance Service for 4-Wheelers (1501 to 2500 CC) - GEM/2025/B/6340393

The eligibility requirements include being a registered entity within India, having a proven track record in delivering motor insurance services, and maintaining compliance with all regulatory guidelines for the insurance sector. Additionally, bidders must be able to provide necessary certifications that validate their authority to operate in the motor insurance domain.

Bidders must align with technical specifications that include compliance with the Insurance Regulatory and Development Authority of India (IRDAI) guidelines. This involves holding valid licenses, adhering to established quality standards in underwriting and risk management, and ensuring all documentation fulfills legal compliance in the Indian motor vehicle landscape.

The pricing structure for the proposed motor insurance services should be detailed in the submitted bid. Prices should include a breakdown covering policy rates, potential discounts, and any additional fees. Payment terms typically involve upfront premiums as per the policy terms, and further elucidation on payment processes will be provided upon selection of the bid.

Bids should be submitted electronically as per the specified guidelines in the tender documentation. Important timelines, including the final submission date, are provided in the relevant procurement documents. Bidders are encouraged to check official sources for updated timelines to ensure compliance.

MSEs are given special provisions within the tender, which may include relaxed eligibility criteria and evaluation advantages. This encourages inclusion and supports local businesses, contributing to the ‘Make in India’ initiative, while ensuring competition and quality in service delivery.