Rashtriya Ispat Nigam Limited Group Mediclaim Insurance for Retired Pensioners Visakhapatnam Andhra Pradesh 2026

Tender Overview

Rashtriya Ispat Nigam Limited seeks a service provider for Group Mediclaim Insurance Service - Retired / Superannuated / Pensioners at Visakhapatnam, Andhra Pradesh. The scope covers employee welfare via comprehensive medical coverage for retirees under the public-sector aegis. No BOQ items or explicit quantity/value details are disclosed. The Buyer Added Terms include a flexible quantity/duration clause allowing up to 25% adjustment at contract issue and post-issue, which bidders must accept. This procurement emphasizes formal insurance service delivery to retired personnel and requires alignment with any ATC documentation provided. Location specificity: Visakhapatnam, Andhra Pradesh; organization: RINL; category focuses on government-supported mediclaim for pensioners.

Technical Specifications & Requirements

• No explicit technical specifications published within the tender data; bidders should prepare a compliant mediclaim proposal aligned with standard government group insurance for retirees.
• Anticipated deliverables include: group medical coverage terms, network hospital access, claim processing turnaround, and policy administration.
• If an ATC document exists, bidders must review and align with its clauses; ensure policy wordings cover retirement/pensioner beneficiaries and public-sector procurement norms.
• No specified EMD, bid value, or renewal schedule is stated; bidders should assume standard procurement timelines and ensure financial viability, insurer license validity, and claim settlement capabilities.
• Consider including ISI/ISO-like policy standards where applicable to healthcare insurance procurement.

Terms, Conditions & Eligibility

• EMD amount and payment terms are not disclosed in the data provided; verify in ATC and tender portal.
• Delivery/implementation timeline not specified; align with typical mediclaim policy activation after contract award.
• Documentation requirements and eligibility criteria are not enumerated; bidders should prepare standard insurer credentials, license proof, and financials.
• ATC documents must be reviewed; ensure compliance with quantity/duration adjustment clause up to 25% and acceptance of changes post-contract award.
• Penalty/guarantee terms not detailed; bidders should seek clarity in the ATC to understand performance bonds and renewal conditions.