Tender Notice for Liability Insurance Service - Director and Officer liability coverage in NORTH 24 PARGANAS, WEST BENGAL

The eligibility requirements include being a registered entity with valid licenses and certifications as mandated by the relevant regulatory authorities. Bidders must possess prior experience in providing similar insurance services. Additionally, if any entity seeks exemption from the experience or turnover criteria, they must submit supporting documents justifying their eligibility for the exemption.

Bidders must comply with technical specifications outlined in the tender. This includes providing detailed claims history, types of risks covered, limits of liability, and evidence of compliance with relevant regulations and industry standards for insurance services. A detailed coverage plan must also be presented for evaluation.

The financial requirements mandate bidders to submit a thorough financial proposal that includes their premium quotes delivered for the insurance policies. Furthermore, bidders must demonstrate their financial stability through documentation and provide competitive rates that align with the value of services being offered.

Submissions must be made electronically through the designated online platform as instructed in the bid documents. It is crucial that all required documents are submitted in the prescribed format, ensuring that all supporting certificates and regulatory requirements are clearly included for evaluation.

Yes, this tender includes specific provisions that favor Micro, Small, and Medium Enterprises (MSEs) and startups. These benefits might include ease of access to participate, preferential evaluation criteria, and opportunities aligning with local purchasing policies to encourage regional business growth in compliance with 'Make in India' initiatives. Businesses are urged to review these provisions carefully to maximize their participation benefits.