Invitation to Bid - Group Mediclaim Insurance Service - Retired / Superannuated / Pensioners; Hospitalisation coverage; in LUCKNOW, UTTAR PRADESH
Bid Publish Date
04-Feb-2025, 5:57 pm
Bid End Date
03-Mar-2025, 4:00 pm
Value
₹3,00,00,000
Location
Progress
Small Industries Development Bank Of India (sidbi) announces a tender for Group Mediclaim Insurance Service - Retired / Superannuated / Pensioners; Hospitalisation coverage; Yes in LUCKNOW, UTTAR PRADESH. Quantity: 855. Submission Deadline: 03-03-2025 16: 00: 00. Last date to apply is approaching fast!
Technical Results
| S.No | Seller | Date | Status |
|---|---|---|---|
| 1 | ADITYA BIRLA HEALTH INSURANCE CO. LIMITED Under PMA | 03-03-2025 15:58:54 | |
| 2 | GO DIGIT GENERAL INSURANCE LIMITED Under PMA | 25-02-2025 14:10:59 | |
| 3 | NATIONAL INSURANCE COMPANY LIMITED Under PMA | 01-03-2025 11:17:36 | |
| 4 | RELIANCE GENERAL INSURANCE COMPANY LIMITED Under PMA | 25-02-2025 14:08:22 | |
| 5 | THE ORIENTAL INSURANCE COMPANY LIMITED Under PMA | 03-03-2025 14:22:49 |
Financial Results
| Rank | Seller | Price | Item |
|---|---|---|---|
| L1 | THE ORIENTAL INSURANCE COMPANY LIMITED Under PMA | Item Categories : Group Mediclaim Insurance Service - Retired / Superannuated / Pensioners; Hospitalisation coverage; | |
| L2 | GO DIGIT GENERAL INSURANCE LIMITED Under PMA | Item Categories : Group Mediclaim Insurance Service - Retired / Superannuated / Pensioners; Hospitalisation coverage; | |
| L3 | ADITYA BIRLA HEALTH INSURANCE CO. LIMITED Under PMA | Item Categories : Group Mediclaim Insurance Service - Retired / Superannuated / Pensioners; Hospitalisation coverage; | |
| L4 | NATIONAL INSURANCE COMPANY LIMITED Under PMA | Item Categories : Group Mediclaim Insurance Service - Retired / Superannuated / Pensioners; Hospitalisation coverage; | |
| L5 | RELIANCE GENERAL INSURANCE COMPANY LIMITED Under PMA | Item Categories : Group Mediclaim Insurance Service - Retired / Superannuated / Pensioners; Hospitalisation coverage; |
Tender Data
Bid Details
Quantity
855
Bid Type
Two Packet Bid
Bid Validity
90 (Days)
Bid Type
Service
Evaluation
Total value wise evaluation
Tech Clarification Time
2 Days
Requirements
Experience Required
5 Year (s)
Arbitration Clause
No
Mediation Clause
No
Additional Tender Data
Commercial Details
Tender Category
Service
Bid To RA
No
Bid To RA Enabled
No
Item Category
Group Mediclaim Insurance Service - Retired / Superannuated / Pensioners; Hospitalisation coverage; Yes
Authority Records
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Documents 5
GeM-Bidding-7476276.pdf
Main Document
Other Documents
OTHER
Technical Specification/Buyer Specification Document
TECHNICAL
Buyer uploaded ATC document
ATC
GEM General Terms and Conditions Document
GEM_GENERAL_TERMS_AND_CONDITIONS
Corrigendum Updates
2 Updates Update
Extended Deadline
03-Mar-2025, 10:30 am
Opening Date
03-Mar-2025, 11:00 am
Update
Required Documents
Experience Criteria
Bidder Turnover
Certificate (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
Frequently Asked Questions
Key insights about UTTAR PRADESH tender market
What are the eligibility requirements for Group Mediclaim Insurance Services?
The eligibility requirements include being a registered entity with a minimum of 5 years of experience in providing similar insurance services. Bidders must also submit all requested certificates and documentation to demonstrate their capability to meet the service requirements.
What technical specifications should bidders comply with?
Bidders must ensure that their proposals fulfill the outlined technical specifications related to quality standards that include efficient claims processing and customer support services. Compliance with local regulations and industry best practices is crucial for successful bids.
What are the financial requirements for bidding on this tender?
Bidders are required to submit a financial proposal that reflects all pricing details clearly. The evaluation will be based on the total value-wise evaluation method, which considers coverage offered and associated service costs. It's important to adhere to the outlined payment terms and conditions.
How should the tender documents be submitted?
All bids must be submitted electronically via the specified portal. Bidders should ensure that all required documents are included and formatted as per the instructions provided in the tender documents. Accepted formats will be mentioned in the main documents.
Are there any special provisions for MSEs and startups?
Yes, the tender includes special provisions for Micro, Small, and Medium Enterprises (MSEs) to encourage participation from smaller entities. Startups may also benefit from these provisions provided they meet the eligibility criteria, promoting inclusivity in the bidding process.
This content encompasses a detailed description of the tender and provides essential FAQs to assist potential bidders in understanding the requirements and procedures effectively.