Liability Insurance Service - Director and Officer Liability Coverage

The eligibility requirements include being a registered entity with a license to operate in liability insurance services. Bidders must demonstrate relevant experience in providing similar coverages and showcase financial stability through necessary documentation, such as financial statements.

Bidders must adhere to specific technical specifications that include compliance with insurance norms established by regulatory authorities. Policies should encompass wrongful acts, errors, and omissions while meeting local quality standards for liability coverage.

The EMD details are outlined in the tender documentation. Bidders must deposit the required EMD as a financial commitment, which will be adjusted against the final payment upon contract signing. Payment terms will align with the successful delivery of services and compliance with policy standards.

Proposals must be submitted electronically via the GEM platform. Accepted document formats include PDF and Word. Bidders should ensure all required documentation is complete and accurate for a successful submission.

Yes, MSEs can access specific provisions outlined in national policies designed to promote their participation. These may include concessions in eligibility criteria and enhanced evaluation preferences, aligning with ‘Make in India’ initiatives and local content requirements.