Tender Notice for Group Personal Accidental Insurance Service - Permanent Employees, Contract Employees; Permanent to in CENTRAL DELHI, DELHI

The eligibility requirements include being a registered entity, with at least 5 years of experience in providing similar insurance services, and a minimum average annual turnover of ₹36 Lakh over the last three preceding financial years.

Bidders must submit certificates that meet the technical and financial requirements, including audited financial statements, experience documentation, and any other specified certifications in the bid document.

Bidders need to register on the GeM platform and ensure compliance with all submission guidelines outlined in the tender documents. Relevant documentation must also be uploaded as part of the registration process.

Submissions should be in PDF format as a standard requirement through the GeM portal, ensuring that all documents are clearly legible and meet the submission criteria specified in the tender.

Yes, bids must comply with technical specifications that include coverage for various risks associated with permanent disability and accidental death, along with an 85% claims settlement ratio requirement.

Bidders are required to comply with national quality standards relevant to the insurance industry, ensuring reliability and effectiveness in their proposed services.

Bidders must comply with stipulated norms under the Government insurance procurement policies, including adherence to 'Make in India' guidelines and relevant procurement rules.

The evaluation will check compliance with the bid specifications, including past performance metrics and adherence to the submitted financial breakdown.

No EMD is required for this tender, allowing bidders to participate without upfront financial commitments.

While no Earnest Money Deposit is required, bidders may need to comply with performance security terms specified in future contract agreements if awarded.

The payment terms will typically be detailed in the resulting contract, following the prescribed tender evaluation and selection process guidelines.

Price evaluations will be based on the total value of the bids, with competitive pricing strategies favored while ensuring compliance with the specified financial criteria.

Submissions must be made electronically through the GeM portal, adhering to the digital protocols established for the tender process.

All submissions must be made before the end date specified in the bid documents. Ensure to check the GeM portal for real-time updates on timelines.

The evaluation process involves a total value-wise assessment where bids will be compared based on completeness, compliance, and financial viability.

Results will typically be communicated through the GeM platform once the evaluation and selection processes are concluded, ensuring transparency in the award process.

MSEs are granted preference in the evaluation criteria and may be exempt from specific experience and turnover requirements, subject to submitting appropriate documentation.

While no specific exemptions for startups were indicated in the bid documents, MSE benefits may indirectly assist new businesses meeting the eligibility requirements.

The tender emphasizes compliance with Make in India policies by promoting local content and the procurement of services from dedicated suppliers within India.