Tenders


(161 kb)
Date : Jan 08, 2019
Addendum - Corporate Overseas Travel Insurance for employees of Reserve Bank of India

Cancellation of Tender

Extension of Last Date

Please, refer to the RFP published on the Bank’s website www.rbi.org.in and MSTC portal inviting e-tenders through MSTC (https://www.mstcecommerce.com/eprochome/) for Corporate Overseas Travel Insurance for employees of Reserve Bank of India from January 14, 2019 to June 30, 2020.

2. The time for bidding has been extended till 10:00AM on January 13, 2019.

3. Minimum coverage benefits mentioned in Section 4 (o)(iii) under General terms and Conditions in the tender document stand modified as below:

  • Benefits mentioned at S.No.12,15,18,21,22,23,25,26,27 are optional and the weightage attached to each of these benefits in evaluating the bid is annexed.

4. Interested parties may access the document to ensure their adherence to the above.

5. All other terms and conditions of the RFP shall remain unchanged.

General Manager
Human Resource Management Department


Annex

Sr Benefits Sum insured Optional / Mandatory Weightage Weightage % for optional cover
12. Home burglary cover NA Optional 2 1.11%
15. Maternity US$ 5,000 per case for minimum 10 cases Optional 1 0.56%
18. Bounced booking (Hotel / airlines) U$ 2,000 Optional 3 1.67%
21. Political risk and catastrophic evacuation US$ 5,000 Optional 2 1.11%
22. Return of minor children US$ 5,000 Optional 1 0.56%
23. Emergency hotel extension US$ 750 Optional 5 2.78%
25. Legal assistance to file claims in case of an accident US$ 2,500 Optional 1 0.56%
26. Cash advance for bail bonds US$ 2,500 Optional 1 0.56%
27. Hotel expenses due to convalescence US$ 750 Optional 2 1.11%
      Total Weightage 10%

Formula
Price Quoted A
Sum % of weightage based on optional benefits provided B
Price that will be considered for selecting L1 A* (1-B)


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