Tender Title: Liability Insurance Service

Reference Number: GEM/2025/B/6113504

This tender is issued by WAPCOS Limited, a government entity under the Ministry of Water Resources, River Development and Ganga Rejuvenation. The objective of this tender is to procure comprehensive Liability Insurance Services that meet the requirements specified in the tender documentation.

Scope of Work and Objectives

The scope of work includes providing liability insurance services that cover risks associated with the operations undertaken by WAPCOS Limited. These services aim to ensure protection against potential liability exposures, providing financial security and peace of mind. Tenderers are expected to submit proposals detailing their approach, coverage options, and any accompanying services that could enhance the insurance scheme provided.

Eligibility Criteria

To participate in this tender, bidders must meet the following eligibility criteria:

• Must be a legally registered entity.
• Proven experience in providing liability insurance services.
• Must have a valid insurance regulatory authority license.
• Financial stability demonstrating the ability to meet the obligations of the contract.

Technical Requirements

Bidders will be required to demonstrate compliance with specific technical requirements, including but not limited to:

• Adherence to industry standards and regulations pertaining to liability insurance.
• Capability to provide various coverage options and flexible terms as per client needs.
• Claim processing capabilities and turnaround times.
• Risk assessment methodologies and expertise in the specific sectors related to WAPCOS operations.

Financial Requirements

Bidders are expected to provide a complete breakdown of the financial proposals, ensuring clarity on:

• Premium rates.
• Payment terms and conditions.
• Any additional fees that may be applicable.
• Proof of financial stability such as recent balance sheets.

Document Submission Details

All bidding documents must be submitted electronically through the designated portal by following the submission guidelines provided in the tender documentation. It is imperative that all submissions comply with the specified document formats set out by WAPCOS Limited.

Special Provisions

In line with the government's initiatives, special provisions are in place for Micro, Small, and Medium Enterprises (MSEs) and startups. Bidders falling under these categories are encouraged to participate, and they may have access to certain benefits such as simplified application processes or relaxed eligibility criteria.

Evaluation Process

The evaluation of proposals will be conducted based on predetermined criteria that may include:

• Compliance with technical specifications.
• Financial viability.
• Implementing the best quality standards in service delivery.
• Capacity and experience of the bidding entity.

Delivery Locations

The Liability Insurance Services must cover all operations under the jurisdiction of WAPCOS, which may include diverse geographical locations across the country. Bidders must demonstrate their understanding of the regional risks associated with the jurisdictions covered.

Contact Information

For any further inquiries, bidders may refer to the contact details provided in the tender documentation from WAPCOS Limited.

Taking into consideration all the segments highlighted, the tender for Liability Insurance Services serves as an essential initiative aimed at safeguarding WAPCOS Operations while promoting inclusivity for small businesses in the insurance domain.