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Contract Bidding Open For Motor Insurance Service - 4 Wheeler; 0 to 1000 cc, 1001 to 1500 CC, 1501 to 2500 CC, Above 2500 CC, in PUNE, MAHARASHTRA

Bid Publish Date

27-May-2025, 5:54 pm

Bid End Date

16-Jun-2025, 4:00 pm

Value

₹22,87,84,25,000

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Progress

Issue27-May-2025, 5:54 pm
Technical13-06-2025 19:16:00
Financial
Award06-Jul-2025, 2:15 am
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Quantity

283

Bid Type

Two Packet Bid

Categories 9

A tender has been published for Bank Of Maharashtra Motor Insurance Service - 4 Wheeler; 0 to 1000 cc, 1001 to 1500 CC, 1501 to 2500 CC, Above 2500 CC, Group Personal Accident Insurance Service - Contract Employees; Only accidental death (not natural), Permanent total disability, Permanent partial disability, Temporary disabilities, Liability Insurance Service - Indemnity insurance, Liability Insurance Service - Director and Officer liability coverage, Liability Insurance Service - Commercial General Liability Policy, Liability Insurance Service - DEBIT CARD AS PER RFP, Liability Insurance Service - CREDIT CARD AS PER RFP, Liability Insurance Service - LOCKER POLICY AS PER RFP, Assets Insurance Service - SPECIAL CONTINGENCY POLICY FOR PORTABLE EQUIPMENT; Property Damage Cover, Standard Fire & Special Perils Cover, Storm, Typhoon, Hurricane, Tornado, Flood and Inundation (STFI) Cover, Business Interruption (Loss of Profit) C. . , Assets Insurance Service - BURGLARY POLICY AS PER RFP; Theft/Burglary Cover, AS PER RFP; Optional, Assets Insurance Service - Electronic Equipment Insurance; Property Damage Cover, Standard Fire & Special Perils Cover, Storm, Typhoon, Hurricane, Tornado, Flood and Inundation (STFI) Cover, Business Interruption (Loss of Profit) Cover, MBD (Machiner. . , Assets Insurance Service - Fire Insurance; Property Damage Cover, Standard Fire & Special Perils Cover, Storm, Typhoon, Hurricane, Tornado, Flood and Inundation (STFI) Cover, Business Interruption (Loss of Profit) Cover, MBD (Machinery breakdown) Cov. . , Liability Insurance Service - CYBER RISK INSURANCE AS PER RFP in PUNE, MAHARASHTRA. Quantity: 283 by. Submission Deadline: 16-06-2025 16: 00: 00. Check eligibility and apply.

Additional Tender Data

Commercial Details

Tender Category

Service

Bid To RA

No

Bid To RA Enabled

No

Item Category

Motor Insurance Service - 4 Wheeler; 0 to 1000 cc, 1001 to 1500 CC, 1501 to 2500 CC, Above 2500 CC , Group Personal Accident Insurance Service - Contract Employees; Only accidental death (not natural), Permanent total disability, Permanent partial disability, Temporary disabilities , Liability Insurance Service - Indemnity insurance , Liability Insurance Service - Director and Officer liability coverage , Liability Insurance Service - Commercial General Liability Policy , Liability Insurance Service - DEBIT CARD AS PER RFP , Liability Insurance Service - CREDIT CARD AS PER RFP , Liability Insurance Service - LOCKER POLICY AS PER RFP , Assets Insurance Service - SPECIAL CONTINGENCY POLICY FOR PORTABLE EQUIPMENT; Property Damage Cover, Standard Fire & Special Perils Cover, Storm, Typhoon, Hurricane, Tornado, Flood and Inundation (STFI) Cover, Business Interruption (Loss of Profit) C.. , Assets Insurance Service - BURGLARY POLICY AS PER RFP; Theft/Burglary Cover, AS PER RFP; Optional , Assets Insurance Service - Electronic Equipment Insurance; Property Damage Cover, Standard Fire & Special Perils Cover, Storm, Typhoon, Hurricane, Tornado, Flood and Inundation (STFI) Cover, Business Interruption (Loss of Profit) Cover, MBD (Machiner.. , Assets Insurance Service - Fire Insurance; Property Damage Cover, Standard Fire & Special Perils Cover, Storm, Typhoon, Hurricane, Tornado, Flood and Inundation (STFI) Cover, Business Interruption (Loss of Profit) Cover, MBD (Machinery breakdown) Cov.. , Liability Insurance Service - CYBER RISK INSURANCE AS PER RFP

Authority Records

MINISTRY OF FINANCEFINANCIAL SERVICES DEPARTMENTBANK OF MAHARASHTRA

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Documents 7

GeM-Bidding-7895364.pdf

Main Document

Other Documents

OTHER

Other Documents

OTHER

Other Documents

OTHER

Scope Of Work Document

SCOPE_OF_WORK

Buyer uploaded ATC document

ATC

GEM General Terms and Conditions Document

GEM_GENERAL_TERMS_AND_CONDITIONS

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)

7

Additional Doc 2 (Requested in ATC) *In case any bidder is seeking exemption from Experience / Turnover Criteria

8

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

Corrigendum Updates

3 Updates
#1

Update

09-Jun-2025
#2

Update

06-Jun-2025
#3

Update

06-Jun-2025

Extended Deadline

16-Jun-2025, 4:00 pm

Opening Date

16-Jun-2025, 4:30 pm

Technical Results

S.No Seller Date Status
1
BAJAJ ALLIANZ GENERAL INSURANCE COMPANY LIMITED   Under PMA
13-06-2025 19:16:00
2
NATIONAL INSURANCE COMPANY LIMITED   Under PMA
16-06-2025 15:57:09
3
THE ORIENTAL INSURANCE COMPANY LIMITED   Under PMA
16-06-2025 15:08:35
4
UNITED INDIA INSURANCE COMPANY LIMITED   Under PMA
16-06-2025 15:00:26

Financial Results

Rank Seller Price Item
L1
THE ORIENTAL INSURANCE COMPANY LIMITED   Under PMA
Item Categories : Motor Insurance Service - 4 Wheeler; 0 to 1000 cc, 1001 to 1500 CC, 1501 to 2500 CC, Above 2500 CC,
L2
NATIONAL INSURANCE COMPANY LIMITED   Under PMA
Item Categories : Motor Insurance Service - 4 Wheeler; 0 to 1000 cc, 1001 to 1500 CC, 1501 to 2500 CC, Above 2500 CC,
L3
BAJAJ ALLIANZ GENERAL INSURANCE COMPANY LIMITED   Under PMA
Item Categories : Motor Insurance Service - 4 Wheeler; 0 to 1000 cc, 1001 to 1500 CC, 1501 to 2500 CC, Above 2500 CC,
L4
UNITED INDIA INSURANCE COMPANY LIMITED   Under PMA
Item Categories : Motor Insurance Service - 4 Wheeler; 0 to 1000 cc, 1001 to 1500 CC, 1501 to 2500 CC, Above 2500 CC,

Contract / Result Documents 1

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Frequently Asked Questions

Key insights about MAHARASHTRA tender market

What are the eligibility requirements for Motor Insurance Service tender?

The eligibility requirements include being a registered and recognized entity in the insurance sector, holding a valid license to operate within the country, and having prior experience in offering motor insurance services. Bidders must demonstrate adherence to all regulations set forth by governing insurance bodies to be considered.

What technical specifications must be met for the tender?

The technical specifications entail compliance with regulatory standards governing motor insurance products, including providing policies that address varied vehicle categories from 0cc to 2500cc and above. Bidders are expected to present a robust claims management process that assures quality service delivery to policyholders.

What is the expected process for registration?

The registration process for participating in the tender involves creating an account on the government e-marketplace (GEM) portal, followed by the submission of necessary documents and proposals as outlined in the tender. The submitted documents need to confirm the bidder's eligibility and capability to deliver the requisite insurance services.

Are there requirements regarding the formats of submitted documents?

Accepted document formats include PDF for submission of the technical and financial proposals, along with any supplementary certificates and evidence of compliance with regulation standards. It's crucial that all documents are clear, informative, and structured to facilitate effective evaluation.

What benefits do Micro, Small, and Medium Enterprises (MSEs) gain from this tender?

MSEs participating in this tender can avail special provisions and considerations that enhance competitive positioning. The tender encourages inclusive participation by reducing barriers and offering potential financial support, thereby fostering a conducive environment for smaller businesses and startups in the insurance sector.