Tender Title: Group Mediclaim Insurance Service for Students
Tender Reference Number: 1245d1319
Issuing Authority: Ministry of Textiles
The Group Mediclaim Insurance Service for Students aims to provide comprehensive health insurance for students, ensuring they have access to necessary medical services in case of hospitalization, accidents, and emergency treatments. This tender is essential for educational institutions looking to secure reliable health coverage for their student bodies and foster a healthy educational environment.
Scope of Work and Objectives
The selected bidder will be responsible for offering Group Mediclaim Insurance Services that encompass hospitalization for accidents, emergency treatments, and domiciliary treatment. Bidder will also need to cover pre-existing illnesses. The ultimate objective is to ensure that students are safeguarded against unforeseen medical expenses, thereby enabling them to focus on their studies without financial burden due to medical emergencies.
Eligibility Criteria
To qualify for this tender, bidders must meet several criteria:
- Possession of a valid registration with appropriate regulatory bodies.
- Proven experience in providing insurance solutions, specifically for groups or educational institutions.
- Financial stability with necessary documentation to demonstrate capability to fulfill the bidding requirements.
Technical Requirements
The proposing entity must adhere to strict technical specifications to establish reliability and sustainability in service delivery. Key requirements include:
- Comprehensive insurance coverage policy that aligns with the needs outlined in the tender.
- Capability to process claims promptly and effectively.
- A dedicated support system for students to assist with claims and inquiries.
Financial Requirements
Bidders must demonstrate their financial health, which may include:
- Submission of financial statements from the last three fiscal years.
- Evidence of operational capacity to manage 1000 students under the proposed insurance plan.
- Clear articulation of the pricing structure associated with the Group Mediclaim Insurance Services.
Document Submission Details
All required documentation must be submitted electronically through the designated tender portal according to the guidelines provided. Bidders should include:
- Technical proposal addressing all tender requirements.
- Financial proposal inclusive of all pricing for services offered.
- Any supplementary documents as deemed necessary to demonstrate compliance.
Special Provisions
Special consideration will be given to Micro, Small, and Medium Enterprises (MSEs) and startups. This opportunity aims to support emerging businesses while ensuring high-quality service delivery. Bidders falling under these classifications are encouraged to highlight their attributes and capacity in their proposals.
Evaluation Process
The evaluation will encompass a thorough assessment of both the technical and financial proposals. The selection committee will prioritize:
- Quality and comprehensiveness of the offered insurance policy.
- Price competitiveness in relation to industry standards.
- The bidder’s experience and compliance with eligibility criteria.
Delivery Locations
The Group Mediclaim Insurance Services will pertain specifically to students enrolled in recognized educational institutions under the purview of the bidding authority.
Contact Information
For further inquiries regarding the tender, participants are encouraged to consult the official ministry communications. Specific contact details are expected to be available through the tender portal.
By ensuring careful adherence to the guidelines and showcasing unique value propositions, bidders stand to gain substantial opportunities through this tender process.
General Information
Financial Information
Evaluation and Technical Information
Tender Documents
5 DocumentsDocuments Required from Seller
- Experience Criteria
- Bidder Turnover
- Certificate (Requested in ATC)
- OEM Annual Turnover *In case any bidder is seeking exemption from Experience / Turnover Criteria
- the supporting documents to prove his eligibility for exemption must be uploaded for evaluation by the buyer
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Frequently Asked Questions
The eligibility requirements include being a registered entity with appropriate licenses, having previous experience in health insurance for groups, and demonstrating financial stability through documentation. Bidders must provide proof of capability to serve the target demographic effectively.
Bidders must submit certificates that verify their business registration and compliance with local insurance regulations. Additionally, a certificate demonstrating past performance in similar service delivery will enhance the credibility of the proposal.
Interested bidders can register through the official tender portal. The registration process typically involves creating an account and submitting required documentation that verifies eligibility, capability, and compliance with the tender criteria.
Payment terms will be outlined clearly in the contract with the winning bidder. Typical frameworks may include upfront payments, milestone-based payments tied to service delivery, or annual payments depending on the specifics of the insurance policy chosen.
Yes, MSEs are encouraged to participate in this tender, with provisions aimed at fostering their growth and inclusion in the bidding process. Suppliers in this category may receive preferential treatment in the evaluation process, thereby enhancing their opportunity for winning the tender.
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