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Contract Bidding Open For Group Mediclaim Insurance Service - Retired / Superannuated / Pensioners; As per Tender Document at in CENTRAL DELHI, DELHI

Bid Publish Date

19-May-2025, 1:20 pm

Bid End Date

25-Jun-2025, 11:00 am

Value

₹1,12,00,000

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Progress

RA
Issue19-May-2025, 1:20 pm
Reverse AuctionCompleted
Award29-Aug-2025, 12:38 am

National Seeds Corporation Limited (nsc) announces a tender for Group Mediclaim Insurance Service - Retired / Superannuated / Pensioners; As per Tender Document attached; Yes in CENTRAL DELHI, DELHI. Quantity: 400. Submission Deadline: 25-06-2025 11: 00: 00. Last date to apply is approaching fast!

Technical Results

S.No Seller Date Status
1
INDUSIND GENERAL INSURANCE COMPANY LIMITED   Under PMA
09-06-2025 13:03:58
2
NATIONAL INSURANCE COMPANY LIMITED   Under PMA
09-06-2025 13:32:41

Reverse Auction Results Final Prices

These are the final prices after the reverse auction event. Prices may be lower than initial bids.

Rank Seller Final Price Item
L1NATIONAL INSURANCE COMPANY LIMITED   Under PMA Winner ₹10,269Item Categories : Group Mediclaim Insurance Service - Retired / Superannuated / Pensioners; As per Tender Document at
L2RELIANCE GENERAL INSURANCE COMPANY LIMITED   Under PMA₹10,291Item Categories : Group Mediclaim Insurance Service - Retired / Superannuated / Pensioners; As per Tender Document at

🎉 L1 Winner

NATIONAL INSURANCE COMPANY LIMITED   Under PMA

Final Price: ₹10,269

Contract / Result Documents 1

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Reverse Auction Schedule

Completed

Start

08-Jul-2025, 11:00 am

End

09-Jul-2025, 11:00 am

Duration: 24 hours

Reverse Auction Document

✅ RA concluded. Check financial results for final rankings.

Tender Data

Bid Details

Quantity

400

Bid Type

Two Packet Bid

Bid Validity

120 (Days)

Bid Type

Service

Evaluation

Total value wise evaluation

RA Qualification Rule

50% Lowest Priced Technically Qualified Bidders

Tech Clarification Time

5 Days

Requirements

Min. Avg. Annual Turnover

50

Experience Required

3 Year (s)

Arbitration Clause

No

Mediation Clause

No

Additional Tender Data

Commercial Details

Tender Category

Service

Bid To RA

No

Bid To RA Enabled

Yes

Item Category

Group Mediclaim Insurance Service - Retired / Superannuated / Pensioners; As per Tender Document attached; Yes

Authority Records

MINISTRY OF AGRICULTURE AND FARMERS WELFAREAGRICULTURE COOPERATION AND FARMERS WELFARE DEPARTMENTNATIONAL SEEDS CORPORATION LIMITED

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Documents 5

GeM-Bidding-7859027.pdf

Main Document

Other Documents

OTHER

Scope Of Work Document

SCOPE_OF_WORK

Other Documents

OTHER

GEM General Terms and Conditions Document

GEM_GENERAL_TERMS_AND_CONDITIONS

Corrigendum Updates

1 Update
#1

Update

11-Jun-2025

Extended Deadline

25-Jun-2025, 5:30 am

Opening Date

25-Jun-2025, 6:00 am

Required Documents

1

Experience Criteria

2

Bidder Turnover

3

Certificate (Requested in ATC)

4

OEM Authorization Certificate

5

OEM Annual Turnover

6

Additional Doc 1 (Requested in ATC) *In case any bidder is seeking exemption from Experience / Turnover Criteria

7

the supporting documents to prove his eligibility for exemption must be uploaded for evaluation by the buyer

Frequently Asked Questions

Key insights about DELHI tender market

What are the eligibility requirements for the Group Mediclaim Insurance Service tender?

The eligibility requirements for the Group Mediclaim Insurance Service include being a registered insurance entity, possessing relevant licenses, and having documented experience with group insurance, especially for senior citizens. Bidders must comply with all necessary legal and regulatory standards.

What certificates are required for participation in this tender?

Bidders are required to submit specific certifications that validate their ability to provide mediclaim insurance services. This may include licenses from regulatory bodies, experience certificates, and financial stability documents. Bidders should ensure compliance with any outlined technical specifications in the tender documentation.

How do interested parties register for the tender?

To register for the tender, entities must access the online portal designated for submissions. The registration process often includes creating an account, displaying company credentials, and agreeing to the terms. All required documentation must be submitted in formats specified in the tender guidelines.

What are the payment terms specified in the tender?

The payment terms will be detailed in the tender document, stating the premium payment schedule, methods of payment, and any conditions linked to timely payments. It's crucial for bidders to specify their proposed payment structures as part of their financial submissions.

How are the bids evaluated and what notification process is followed?

Bids are evaluated based on a structured evaluation and selection process that considers technical capabilities, financial proposals, and experience in the industry. Following evaluation, results will be communicated to bidders in a timely manner through the portal, ensuring transparency throughout the selection process.