(A Government of India Enterprise)

Pragati Bhawan, Pragati Maidan, New Delhi-110001 (India)

Subject: Quotation for Group Medi-claim Insurance

                India Trade Promotion Organisation (ITPO), a Government of India Enterprise under the Ministry of Commerce & Industry, intends to introduce Medical Benefit Scheme in the form of Group Medi-claim Insurance for serving & retired employees and their dependents.

                 Sealed Quotations are invited from the interested IRDA registered companies for providing Group health Insurance to the ITPO employees, serving & retired and their dependent family members under Group Medi-claim Policy. The bidders should have Annual Health Insurance business worth premium of Rs.10 crores or more in the past three financial years (viz.,2010-11, 2011-12, 2012-13) and at least one year experience in catering to Health Insurance of 500 families or more under one group Health Scheme in the last three years (viz.,2010-11, 2011-12, 2012-13). No brokerage/agency/consultancy charges are allowed as this will be a direct transaction between the Insurer and the ITPO.

                 The quotation should be submitted in two covers, one for Technical Bid and the other for Financial Bid.

 1)       Technical Bid should contain:-

a)       Proof of IRDA registration

b)       Proof of having done Annual health Insurance Business worth premium of Rs.10 crores or more in the past three financial years, viz.,2010-11, 2011-12, 2012-13).  Documentary proof in the form of audited statement of annual accounts is required to be submitted.

c)       Proof in the form of a certificate from the competent authority of the insured organization for at least two year’s experience in providing Health Insurance cover to 500 families or more under one group Health Scheme in the last three years (viz., 2010-11, 2011-12, 2012-13). 

2)       Financial Bid should contain the price bid as per the format enclosed in Annexure C and Annexure D.

                The separate envelopes containing sealed Technical and Financial bids should be enclosed in another envelope superscribing  Ã¢â‚¬Å“Tenders for Group Medi - claim Insurance Scheme 2013-14” and should be submitted to the Dy. General Manager (Admn.), India Trade Promotion Organisation, Pragati Bhawan, Pragati Maidan, New Delhi- 110001.

                 Pre-bid meeting on 21/10/2013, in the Committee Room of the ITPO.

                 Last date for submission of Tender 31/10/2013 upto 3.00 pm.

                Opening of Tenders 31/10/2013, at 3.30 p.m. in the Committee Room of ITPO.

Note:      i)              Quotations received after the due date and time will be summarily rejected.

                 ii)             The company should not have been blacklisted by any Govt. authority.

                 iii)            The company providing similar insurance to Govt. Organisations/PSUs will be given preference.

                 iv)            The company having tie up with the maximum number of hospitals and cities on all-India basis will be given preference.

 v)   ITPO reserves the right to select any one of the options mentioned in the Annexure A depending on the offers received.  All are requested to quote the lowest possible amount for both the options.  The quotations are required for two options as per annexure A.