REGIONAL RURAL BANKS Tender by Andhra Pragathi Grameena Bank (6e4a9898)
Group Mediclaim Insurance Service - Permanent Employees; as per RFP/ATC, Hospitalization for accide
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Tender Title: Group Mediclaim Insurance Service - 6e4a9898
Issuing Authority/Department:
Ministry of Finance, Regional Rural Banks
Scope of Work and Objectives:
This tender seeks proposals from qualified bidders to provide Group Mediclaim Insurance Service for permanent employees. The service includes comprehensive hospitalization for accident and emergency treatments, outpatient department (OPD) coverage, domiciliary treatment, maternity cover, and management of all pre-existing conditions. The objective is to secure reliable and extensive health insurance coverage for the employees of the Regional Rural Banks, ensuring access to quality healthcare services.
Eligibility Criteria:
To qualify for this tender, bidders must be registered entities in compliance with the applicable legal requirements. Eligible bidders include insurance companies licensed to operate within India and possess extensive experience in providing similar mediclaim services. Additionally, bidders should demonstrate proven financial stability and underwriting capabilities necessary to support the needs of large employee groups.
Technical Requirements:
Bidders must adhere strictly to the technical specifications outlined in the Request for Proposal (RFP). This includes comprehensive plan coverage details and efficient claim settlement processes. Successful bidders should ensure that their offerings cover all required medical treatments listed in the tender, alongside robust customer support and claims management systems.
Financial Requirements:
Proposals must reflect a clear financial structure, outlining premium rates, payment terms, and conditions to provide insurance cover for all specified services mentioned. Bidders are required to provide evidence of sufficient capital reserves to support claims during the policy period.
Document Submission Details:
All proposal submissions must include the relevant documentation as stipulated in the RFP. The documents must be prepared in the accepted formats and submitted before the confirmation deadline set forth in the tender. Properly organized documentation can enhance evaluation efficiency.
Special Provisions:
The tender may contain provisions to support Micro, Small, and Medium Enterprises (MSEs) or startups, allowing them to participate in the bidding process. These incentives are framed within the context of the government’s effort to boost local businesses.
Evaluation Process:
The evaluation will be based on multiple criteria, including technical merit, financial stability, and the alignment of proposals with the tender specifications. Qualifying bidders will undergo a thorough analysis to ascertain the comprehensive fit for service delivery to the Regional Rural Banks.
Delivery Locations:
The services will be rendered across various locations associated with the Regional Rural Banks, with specific attention to the geographical reach that includes remote and rural areas where these banks operate.
Contact Information:
While specific contact information wasn't disclosed in the tender, interested bidders should check official channels for pertinent updates or contact details.
In conclusion, this tender for Group Mediclaim Insurance Service presents an opportunity for qualified insurance providers to deliver critical healthcare coverage to employees of regional rural banks, fostering employee welfare and satisfaction.
General Information
Financial Information
Evaluation and Technical Information
Tender Documents
5 DocumentsDocuments Required from Seller
- Experience Criteria
- Bidder Turnover
- Certificate (Requested in ATC)
- OEM Authorization Certificate
- OEM Annual Turnover
- 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 include being a registered entity, possessing a valid license to operate as an insurance provider in India, and having a substantial experience in handling group mediclaim services. Bidders must also demonstrate financial stability and meet specific quality standards dictated by the tender.
Bidders must ensure that their proposals adhere to the outlined technical specifications, which encompass comprehensive medical coverage for hospitalization, outpatient services, maternity benefits, and management of pre-existing conditions. The bidding documents must detail the claims process and demonstrate compliance with all relevant health regulations.
The Earnest Money Deposit (EMD) is required as a prerequisite for participation in the tender. Bidders must submit the EMD in the prescribed format along with their tender submission. This deposit acts as a security to ensure commitment to the terms of the tender until the selection process is complete.
Submissions should be made electronically through the designated platform specified in the tender notification. Proposals must include all required documentation in accepted formats, adhering to the submission guidelines, to ensure eligibility for evaluation.
Yes, the tender offers specific advantages for MSEs, including possible relaxation in eligibility criteria and access to pre-marked reserved tenders. These provisions are intended to bolster participation from smaller businesses and align with the government’s focus on promoting entrepreneurship through policies favoring local content and procurement.
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