Procurement Opportunity: Group Mediclaim Insurance Service - Permanent Employees, Contract Employees, Faculty; Hospitalizati in DHARWARD, KARNATAKA
Progress
Indian Institute Of Information Technology (iiit) invites bids for Group Mediclaim Insurance Service - Permanent Employees, Contract Employees, Faculty; Hospitalization for accident & emergency Treatments, OPD, Domiciliary treatment, Maternity, All pre-existing illness; Yes in DHARWARD, KARNATAKA. Quantity: 160. Submission Deadline: 31-05-2025 09: 00: 00. Submit your proposal before the deadline.
Tender Data
Bid Details
Quantity
160
Bid Type
Two Packet Bid
Bid Validity
30 (Days)
Bid Type
Service
Evaluation
Total value wise evaluation
Tech Clarification Time
2 Days
Requirements
Experience Required
3 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 - Permanent Employees, Contract Employees, Faculty; Hospitalization for accident & emergency Treatments, OPD, Domiciliary treatment, Maternity, All pre-existing illness; Yes
Authority Records
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Documents 4
GeM-Bidding-7816537.pdf
Main Document
Other Documents
OTHER
Scope Of Work Document
SCOPE_OF_WORK
GEM General Terms and Conditions Document
GEM_GENERAL_TERMS_AND_CONDITIONS
Corrigendum Updates
1 Update Update
Extended Deadline
31-May-2025, 3:30 am
Opening Date
31-May-2025, 4:00 am
Required Documents
Experience Criteria
Bidder Turnover
OEM Annual Turnover *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 GEM/2025/B/6209580?
The eligibility requirements include being a registered entity with the Insurance Regulatory and Development Authority of India (IRDAI), demonstrating a proven experience in providing group insurance services for at least five years, and showcasing financial stability through balance sheets for the last three financial years.
What specific documents are required for submission in this tender?
Participants must submit several key documents, including a completed electronic submission form, detailed financial statements for the past three years, a solvency certificate, and documentation attesting to background in group insurance. All documents should adhere to specified accepted document formats outlined in the submission guidelines.
How is the evaluation and selection process structured for this tender?
The evaluation process involves assessing technical and financial submissions based on predefined criteria. Bids will be evaluated for compliance with insurance specifications, past performance records, and financial robustness. The top submissions will undergo a final review, leading to the selection of the most competitive bidder(s).
What are the payment terms associated with this tender?
Payment terms will be outlined during the finalization stages of the tender process, including the provision of an Earnest Money Deposit (EMD). Successful bidders may also be required to furnish performance security as a guarantee for the service obligations as part of the contractual agreement.
Are there specific provisions for Micro, Small, and Medium Enterprises (MSEs) within this tender?
Yes, the tender encourages participation from Micro, Small, and Medium Enterprises (MSEs) by offering special provisions. MSEs are encouraged to declare their status within their proposals, which may provide them with advantages during the evaluation phase and support local business participation in government tenders.