Railways Public Sector Undertakings Tender by Rites Limited (GEM/2025/B/6173056)
Liability Insurance Service - Indemnity insurance
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Tender Title: Liability Insurance Service - Indemnity Insurance
Tender Reference Number: GEM/2025/B/6173056
Issuing Authority/Department: Ministry of Railways, Railways Public Sector Undertakings
The government is inviting proposals for the Liability Insurance Service - Indemnity Insurance under the reference number GEM/2025/B/6173056. This tender aims to secure comprehensive indemnity insurance solutions to mitigate risks associated with liability claims within the railway sector. This initiative underscores the government's commitment to safeguarding public interest and ensuring smooth operations within the Ministry of Railways.
Scope of Work and Objectives
The primary objective of this tender is to procure indemnity insurance services that comprehensively cover railway operations. This includes, but is not limited to, liability coverage for accidents, damages, and legal costs arising from railway operations. Bidders are expected to demonstrate their ability to provide tailored insurance solutions that meet the specific needs of the Ministry while ensuring compliance with relevant regulatory frameworks.
Eligibility Criteria
Bidders must fulfill predefined eligibility requirements to participate in this tender. This includes being a registered entity capable of providing insurance services. Experience in handling indemnity insurance within the transportation sector or specifically for public sector undertakings will be an advantage.
Technical Requirements
The technical proposal should demonstrate the bidder’s expertise in indemnity insurance. This includes a comprehensive overview of the proposed policy structure, coverage details, exclusions, and any special provisions. Bidders are required to submit documentation that evidences their ability to comply with industry standards and the specified technical criteria.
Financial Requirements
Bidders must provide evidence of their financial stability, including recent financial statements. A sound financial status will be evaluated to ensure the bidder can meet the obligations arising from the indemnity insurance policies. Additionally, details regarding the pricing structure of the proposed insurance services should be outlined clearly.
Document Submission Details
All required documents must be submitted electronically, adhering to the specified formats. Bidders are instructed to compile their proposals in a standardized manner, ensuring clarity and compliance with the submission requirements. An organized approach will enhance the evaluation process.
Special Provisions
This tender includes special provisions for Micro, Small, and Medium Enterprises (MSEs) and Startups, fostering inclusivity and support for emerging businesses. MSEs and Startups are encouraged to participate as they may benefit from additional concessions within the evaluation criteria.
Evaluation Process
The evaluation of bids will be conducted through a structured process, focusing on both technical and financial proposals. Bids will be assessed based on compliance with the eligibility criteria, technical specifications, financial responsibilities, and overall viability of the proposed indemnity insurance solutions.
Delivery Locations
The scope of services will be applicable across various locations under the jurisdiction of the Ministry of Railways, ensuring that all railway operations receive adequate insurance coverage.
Contact Information
For further inquiries or needed clarifications regarding this tender, interested participants should refer to the official communication channels established by the Ministry of Railways. Accurate contact information will ensure swift communication.
General Information
Financial Information
Evaluation and Technical Information
Tender Documents
7 DocumentsDocuments Required from Seller
- Additional Doc 1 (Requested in ATC) *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 for this tender include being a registered insurance provider in compliance with industry regulations. Bidders must have prior experience in providing liability insurance services specifically tailored for the transportation sector. Evidence of financial stability and an established track record in handling indemnity insurance claims will also be crucial in fulfilling these requirements.
Bidders are required to submit documentation that aligns with specified technical specifications, including comprehensive coverage details that address potential liability scenarios in railway operations. Compliance with industry standards and a clear articulation of the proposed policy structure is essential to qualify.
The Earnest Money Deposit (EMD) is a requisite that must accompany the bid submission. This deposit serves as a financial guarantee of the bidder’s intention to execute the contract and is refunded upon successful award of the tender or rejection of the proposal. Specific EMD amounts would be outlined in the final tender documentation.
Proposals should be submitted electronically through the designated online platform specified in the tender notification. Bidders must ensure that all documents are in the accepted formats and that submissions are complete before the final deadline to avoid disqualification.
Exclusive provisions have been made for Micro, Small, and Medium Enterprises (MSEs) and Startups, facilitating their participation in the tendering process. These include potential benefits in the evaluation process and financial concessions aimed at supporting growth and competitiveness within the framework of Make in India policies.
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