Tender Description for Motor Insurance Service Tender (Bid Number: GEM/2025/B/6330708)

The eligibility requirements include being a registered entity with relevant authorities, demonstrating previous experience in providing motor insurance services for four-wheelers, and submitting the necessary certifications and documentation that prove compliance with local regulations and standards.

Bidders need to present valid insurance licenses and certification from recognized regulatory bodies. Additionally, proof of professional liability insurance and other necessary documentation should be included to ensure that the applicant meets industry standards.

The registration process involves creating an account on the designated e-tender platform, filling out the required forms, supplying valid documentation, and adhering to all compliance requirements as outlined in the tender notice. Participants must also confirm their eligibility through complete submissions.

Prospective bidders must provide a comprehensive financial report, which should include audits for the previous two years, a detailed budget for the services proposed, and a breakdown of pricing strategies to demonstrate cost-effectiveness while ensuring sustainability in service provision.

Yes, the tender includes specific provisions aimed at encouraging participation from Micro, Small, and Medium Enterprises (MSEs) by providing them with preferential evaluation criteria. This initiative is part of a broader strategy to promote participation from a diverse range of service providers in the motor insurance space.