Tenders


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Date : May 08, 2019
Corrigendum - Motor Vehicle Insurance for employees of Reserve Bank of India from June 1, 2019 to May 31, 2020

Corrigendum dated May 17, 2019

Corrigendum dated May 10, 2019

The pre-bid meeting for the captioned RFP was conducted on May 07, 2019 at 14:15 hrs in the presence of Reserve Bank Officials and representatives from bidders.

2. It may be noted that these minutes of pre-bid meeting shall form the part of bid document. Further, certain corrigendum/addendum as given below are also being issued. The same has also been uploaded on MSTC e-commerce web portal. Rest of the terms and condition and specifications of bid document remain unchanged. The above amendments / clarifications are issued for the information for all the intending bidders. The submission of bid by the firm shall be construed to be in conformity to the bid document and amendments / clarifications given above.

Corrigendum:

1. Individual flat rate (in percentage terms) for all add ons-

  1. Zero dep,

  2. return to invoice,

  3. no claim bonus cover,

  4. consumable cover,

  5. engine protect,

  6. Deductible waiver and

  7. tyre cover

2. Quote in Rupee Terms for the following mandatory add-on:

  1. Daily allowance cover: Rs. 2500 per day for a maximum of 5 days after cooling period of 5 days from the day vehicle was sent to garage.

  2. Key protect cover: Rs 20,000 Sum insured

  3. Personal belongings: Rs 10,000 Sum insured

  4. Emergency assistance & transportation cover: Rs. 10,000 Sum Insured

  5. Roadside assistance: It would be sent to nearest authorized garage

3. For two wheeler vehicles, only zero depreciation add-on is mandatory.

4. The selected insurance company has to execute a Service Level Agreement with RBI.

5. EMD will be waived off in the light of circular issued by GIC in this regard.


Revised Annexure 2:

It should be duly filled in and uploaded on MSTC website.

Financial Bid for Policy Period June 1, 2019 to May 31, 2020

Motor Insurance — Comprehensive

 

Particulars

Quote

Weightage

A Discount in % for Own Damage Premium rate to be charged on the Insured Declared Value of the vehicle.   60
B Any policy excess, deductible chargeable to each motor insurance policy. If yes, please specify the deductible amount in rupees.   10
C

Mandatory Add-On Cover Rates for the following with terms & conditions, excess / deductible and policy wordings:

(i) Nil Depreciation Cover (quote in %)
(ii) Return to Invoice Cover (quote in %)
(iii) No Claim Bonus Cover (quote in %)
(iv) Consumables Cover (quote in %)
(v) Engine protect (quote in %)
(vi) Tyre cover (quote in %)
(vii) Daily Allowance (quote in rupees)1
(viii) Key protect (quote in rupees)2
(ix) Personal belongings (quote in rupees)3
(x) Emergency Assistance & Transportation (quote in rupees)4
(xi) Road Side Assistance (quote in rupees)5

Optional Deductible waiver (quote in %)

  30

1. Daily allowance cover: Rs. 2500 per day for a maximum of 5 days after cooling period of 5 days from the day vehicle was sent to garage.
2. Key protect cover: Rs 20,000 Sum insured
3. Personal belongings: Rs 10,000 Sum insured
4. Emergency assistance & transportation cover: Rs. 10,000 Sum Insured
5. Roadside assistance: It should be sent to nearest authorized garage irrespective of the distance

Rates should be valid for a period of 36 months effective (Duration to be specified) and inclusive of Stipulated IRDA Specified Brokerage for Motor Insurance.



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