Overview

The GEM/2025/B/6143881 tender is issued by the Ministry of New and Renewable Energy. This tender aims to procure Motor Insurance Service specifically for 4-wheelers with engine capacities between 1501 to 2500 CC. The overarching objective is to ensure comprehensive coverage that meets the operational requirements and risk management strategies of the ministry’s fleet.

Scope of Work and Objectives

The scope of this tender encompasses the provision of motor insurance services that cater to vehicles ranging from 1501 to 2500 CC. The selected service provider will be responsible for:

• Offering comprehensive vehicle insurance coverage.
• Facilitating timely claims processes.
• Providing risk management solutions to protect the interests of the ministry.
• Ensuring compliance with applicable laws and regulations governing motor vehicle insurance.

The primary goal is to enhance the operational efficiency and safety of the ministry’s fleet through reliable insurance coverage.

Eligibility Criteria

To qualify for this tender, bidders must meet specific eligibility requirements including:

• Being a registered insurance service provider with valid licenses to operate in motor insurance.
• Having a proven track record in providing motor insurance services.
• Meeting all regulatory compliance and quality assurance standards established for motor insurance providers.

Interested bidders should closely review these criteria to assert their eligibility.

Technical Requirements

The technical requirements for bid submissions include:

• A detailed proposal that outlines the insurance coverage offered.
• Compliance with mandatory insurance formats as dictated by the regulatory authority.
• Evidence of prior experience and satisfaction ratings from existing or past clients.

Bidders are advised to ensure that all technical specifications are meticulously adhered to for a successful evaluation.

Financial Requirements

Bidders must submit financial documentation that demonstrates:

• Clear pricing structures and potential costs associated with the insurance services.
• Evidence of financial stability and capability to fulfill the required services without hindrance.
• Details of performance security in accordance with standard tendering practices.

Document Submission Details

Bid submissions must include:

• All required technical and financial documents.
• Proposals formatted as specified in the tender guidelines.
• Any additional certifications or qualifications that reinforce the bidder's capacity to deliver the services.

Submissions should be made through the designated online portal as specified in the tender conditions.

Special Provisions

This tender offers provisions favorable to Micro, Small, and Medium Enterprises (MSEs) as well as startups, encouraging their participation. The Ministry aims to foster inclusive growth by ensuring these entities have an equitable opportunity to submit bids.

Evaluation Process

The evaluation of submitted bids will be conducted based on:

• Compliance with eligibility and technical requirements.
• Overall pricing and value for money.
• Past performance and client satisfaction metrics.

Bidders should be proactive in ensuring that their submissions are well within the established evaluation framework.

Delivery Locations

The insurance services procured through this tender will primarily cover vehicles under the jurisdiction of the Ministry of New and Renewable Energy across various operational locations.

Contact Information

For any inquiries regarding the tender, applicants should refer to the official communications from the Ministry of New and Renewable Energy for detailed contact information.

By ensuring all the specifications and requirements outlined in this description are met, bidders can align their proposals effectively for the GEM/2025/B/6143881 tender, achieving a higher probability of selection.