Tender Title: Group Mediclaim Insurance Service for Students
Reference Number: 237b9ac84
Issuing Authority: Ministry of Textiles

The Ministry of Textiles is inviting bids for Group Mediclaim Insurance Service for Students, aiming to provide comprehensive hospitalization coverage for accidents and emergency treatments. The objective of this tender is to ensure that 1350 students have access to necessary medical services, thereby promoting their health and well-being.

Scope of Work and Objectives

The scope of work encompasses the delivery of a Group Mediclaim Insurance Service designed specifically for students. The service will cover hospitalization due to accidents and emergency treatments, along with provisions for managing any pre-existing illnesses. The bid aims to create a safety net for students, allowing them to focus on their educational pursuits without worrying about healthcare expenses.

Eligibility Criteria

To be eligible to participate in this tender, the bidder must be a registered entity with the necessary expertise in administering group mediclaim insurance. The minimum qualifications include:

• A valid insurance provision license.
• Demonstrable experience in managing similar insurance services for educational institutions.
• Financial stability to handle claims efficiently.

Technical Requirements

Bidders must meet specific technical requirements, including but not limited to:

• Offering comprehensive coverage for accidents and emergency treatments.
• Efficient claims processing capabilities.
• Provision of 24/7 customer support for students and educational staff.
• Optional inclusion of wellness services alongside insurance coverage.

Financial Requirements

Bidders will be evaluated based on their financial proposals, including the cost per student covered under the insurance plan. The financial offer should remain competitive while ensuring adequate coverage for the students enrolled.

Document Submission Details

All required documentation must be submitted electronically through the designated procurement portal. Bidders must provide:

• Company registration certificates.
• Financial statements from the last three years.
• Proposal documents, including technical and financial sections.
• Any necessary supporting documentation that confirms compliance with eligibility criteria.

Special Provisions

This tender provides special provisions for Micro, Small, and Medium Enterprises (MSMEs) and startups. Eligible bidders from these categories may receive benefits such as relaxation of certain financial criteria, priority in evaluation, and additional support in completing documentation.

Evaluation Process

The evaluation of bids will adhere to a structured process, which includes:

• Preliminary review for compliance with eligibility criteria.
• Technical evaluation to assess capabilities and offerings.
• Financial evaluation focusing on cost-effectiveness and service quality.
  The Ministry of Textiles reserves the right to award the contract to the most suitable bidder based on these evaluations.

Delivery Locations

Services will be provided primarily to educational institutions under the purview of the Ministry of Textiles, covering various geographical areas as indicated in the tender documents.

Contact Information

For further inquiries regarding this tender, prospective bidders are encouraged to reach out via appropriate channels indicated in the procurement portal.