Odisha State Civil Supplies Corporation Limited Mediclaim Insurance Tender Khordha Odisha 2026 for Group Medical Insurance, ISI/IRDA compliant

Tender Overview

Odisha State Civil Supplies Corporation Limited invites bids for Group Mediclaim Insurance Service covering permanent employees, retired/pensioners, and hospitalization including accident, maternity, and domiciliary care. Estimated value is ₹14,000,000,000 with an EMD of ₹200,000. Location: Khordha, Odisha 751001. The scope includes inclusive insurance brokerage under IRDAI regulations, firm final rates irrespective of claims experience, and a two-tier bidding approach for Rs. 5 Lakhs and Rs. 10 Lakhs Sum Insured. The award hinges on L-1 rates with potential matching when higher coverage is approved. Unique constraint: supplier must align with OSCSC approval processes and provide e-PBG/DD options for security deposits.

Technical Specifications & Requirements

• Product/Service: Group Mediclaim Insurance Service for government employees and pensioners, including hospitalization, maternity, pre-existing illnesses, and domiciliary treatments.
• Insurance coverage levels: Rs. 5 Lakhs and Rs. 10 Lakhs Sum Insured; OSCSC may require matching bids between tiers.
• Financial terms: premium inclusive of IRDAI brokerage; rates fixed; no adjustment for claims experience.
• Payment security: DD/e-PBG accepted; DD in favour of Managing Director, OSCSC Limited at Union Bank of India, Nayapalli, Bhubaneswar; supplier to deliver hard copies within 5 days post bid end date.
• SLA/Monitoring: service levels to be defined; insurer must adhere to agreed SLA metrics and performance monitoring as per terms.
• Compliance: bidders must upload required certificates/documents and adhere to ATC/Corrigendum conditions; ensure financial solvency and no liquidation.

Terms, Conditions & Eligibility

• EMD: ₹200,000 (DD or online); successful bidder to provide performance security via DD or PBG; DD payable to OSCSC Limited.
• Eligibility: bidders must not be in liquidation or bankruptcy; provide undertaking; must have IRDAI-compliant mediclaim experience and acceptable financial standing.
• Delivery/implementation: terms require compliance with policy issuance, brokerage, and SLA adherence; late or incomplete bids will be rejected.
• Documentation: submission must include GST, PAN, experience certificates, financial statements, EMD proof, and OEM/auth certificates; hard copies to be delivered within 15 days after award/performance security.
• Price terms: L-1 rates for Rs. 5 Lakhs and Rs. 10 Lakhs; if higher approval is granted, the Rs. 5 Lakh bidder may need to match Rs. 10 Lakh rate and deposit differential SD as e-PBG.
• Penalties/assurance: terms include standard performance enforcement via PBG and potential contract adjustments as per clause, with final award subject to competent authority approval.