Contract Bidding Open For Group Mediclaim Insurance Service - As per Scope of Work; As per Scope of Work; Yes in BANGALORE, KARNATAKA
Progress
Indian Institute Of Management (iim) has released a public tender for Group Mediclaim Insurance Service - As per Scope of Work; As per Scope of Work; Yes in BANGALORE, KARNATAKA. Quantity: 2890. Submission Deadline: 08-05-2025 11: 00: 00. Download documents and apply online.
Technical Results
| S.No | Seller | Date | Status |
|---|---|---|---|
| 1 | GO DIGIT GENERAL INSURANCE LIMITED Under PMA | 08-05-2025 10:42:42 | |
| 2 | ICICI LOMBARD GENERAL INSURANCE COMPANY LIMITED Under PMA | 08-05-2025 10:52:55 | |
| 3 | TATA AIG GENERAL INSURANCE COMPANY LIMITED Under PMA | 08-05-2025 10:37:16 | |
| 4 | THE ORIENTAL INSURANCE COMPANY LIMITED Under PMA | 08-05-2025 10:41:31 | |
| 5 | UNITED INDIA INSURANCE COMPANY LIMITED Under PMA | 08-05-2025 10:59:12 |
Financial Results
| Rank | Seller | Price | Item |
|---|---|---|---|
| L1 | UNITED INDIA INSURANCE COMPANY LIMITED Under PMA | Item Categories : Group Mediclaim Insurance Service - As per Scope of Work; As per Scope of Work; Yes | |
| L2 | THE ORIENTAL INSURANCE COMPANY LIMITED Under PMA | Item Categories : Group Mediclaim Insurance Service - As per Scope of Work; As per Scope of Work; Yes | |
| L3 | TATA AIG GENERAL INSURANCE COMPANY LIMITED Under PMA | Item Categories : Group Mediclaim Insurance Service - As per Scope of Work; As per Scope of Work; Yes | |
| L4 | GO DIGIT GENERAL INSURANCE LIMITED Under PMA | Item Categories : Group Mediclaim Insurance Service - As per Scope of Work; As per Scope of Work; Yes | |
| L5 | ICICI LOMBARD GENERAL INSURANCE COMPANY LIMITED Under PMA | Item Categories : Group Mediclaim Insurance Service - As per Scope of Work; As per Scope of Work; Yes |
Contract / Result Documents 1
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Tender Data
Bid Details
Quantity
2890
Bid Type
Two Packet Bid
Bid Validity
60 (Days)
Bid Type
Service
Evaluation
Total value wise evaluation
Tech Clarification Time
2 Days
Requirements
Min. Avg. Annual Turnover
1000
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 - As per Scope of Work; As per Scope of Work; Yes
Authority Records
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Documents 6
GeM-Bidding-7691511.pdf
Main Document
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
Corrigendum Updates
2 Updates Update
Update
Extended Deadline
08-May-2025, 5:30 am
Opening Date
08-May-2025, 6:00 am
Required Documents
Experience Criteria
Bidder Turnover
Certificate (Requested in ATC)
Additional Doc 1 (Requested in ATC)
Additional Doc 2 (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 KARNATAKA tender market
What are the eligibility requirements for Group Mediclaim Insurance Service?
The eligibility requirements for participating in the Group Mediclaim Insurance tender include being a registered insurance provider with a valid license, having a proven track record in group insurance plans, and showing financial stability through recent fiscal documents. Bidders must be compliant with regulations set forth by the Department of Higher Education and demonstrate capabilities to meet the coverage needs defined in the tender.
What specific certificates are needed for this tender?
Bidders must provide a variety of required certificates, including but not limited to: a valid insurance provider license, registration certificates, tax compliance documents, and any relevant health insurance certifications. Documentary proof validating operational years in health insurance and group policies will also be essential for evaluation.
What is the registration process for potential bidders?
The registration process involves completing the online submission on the official tendering platform associated with the Ministry of Education. Participants must upload necessary documents detailing their qualifications, experience, and compliance with financial requirements as indicated in the tender specifications. After submission, bidders may need to confirm their compliance through additional communication with the evaluation committee.
What are the payment terms and performance security requirements for this tender?
Payment terms typically involve advance payments upon successful policy initiation, followed by periodic settlements based on coverage utilization. Performance security requirements may mandate a bank guarantee or a performance bond to ensure fulfillment of contract obligations throughout the duration of the insurance plan.
What benefits do MSEs and startups receive in this tender?
Provisions for Micro, Small, and Medium Enterprises (MSEs) include preferential scoring during the evaluation process, providing them an equal opportunity to compete with larger firms while promoting local suppliers. Additionally, startups engaging in innovative insurance solutions may receive certain advantages based on their capacity to align with the objectives of the Group Mediclaim Insurance Service, fostering growth in the sector.