Yamuna Power Limited Tender Notification for BSES · PDF fileFollowing the privatization of...

Yamuna Power Limited

NIT: CMC/BY/17-18/RB/SB/062

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authorized Officials of

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Tender Notification for

BSES YAMUNA POWER LTD (BYPL)

FOR

Renewal of Various Insurance Policies for BYPL

for the period as mentioned against individual policies

Tender No: CMC/BY/17-18/RB/SB/062

DATE OF SUBMITTING OF BIDS - 19th Feb.2018, 15:00 HRS DATE OF OPENING OF TECHNICAL BID - 19th Feb. 2018, 16:00 HRS

IMPORTANT NOTE

RECEIVER OF THIS TENDER DOCUMENT IS ADVISED TO CHECK AND ENSURE COMPLETION OF ALL PAGES OF TENDER DOCUMENT AND REPORT TO THE ISSUING AUTHORITY ANY DISCREPANCY BEFORE RFQ DATE FOR CORRECTIVE ACTION, IF ANY BEFORE THE BIDS ARE SUBMITTED. THE TENDERER IS REQUIRED TO SPECIFICALLY MENTION IN A DEVIATION STATEMENT THE CLAUSES OF THE TENDER THAT ARE NOT ACCEPTABLE IN THEIR PRESENT FORM AND ALSO THE DEVIATION SOUGHT, IF ANY, IN CASE THERE IS NO DEVIATION, THE TENDERER SHALL CLEARLY CERTIFY THE SAME IN THE NO-DEVIATION STATEMENT AS WELL AS IN THE FORWARDING LETTER. IT IS EXPECTED THAT THE DEVIATIONS (IF ANY) SHALL BE BARE MINIMUM AND OFFERS WITH UNACCEPTABLE DEVIATIONS ARE LIABLE TO BE REJECTED WITHOUT ANY FURTHER DISCUSSIONS.



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INTRODUCTION

BSES Yamuna Power Limited (BYPL)

Following the privatization of Delhi’s power sector and unbundling of the Delhi Vidyut

Board in July 2002, BSES Yamuna Power Limited (BYPL) got license to distribute

power in central and eastern part of Delhi. The Company acquired assets, liabilities,

proceedings and personnel of the Delhi Vidyut Board as per the terms and conditions

contained in the Transfer Scheme. The BSES Yamuna Power ltd is the joint venture of

Reliance Infrastructure Ltd & Government of NCT of Delhi. BYPL distributes power to

an area spread over 200 sq kms. Its 15 Lakh customers are spread over 14 districts

across Central and East areas including Chandni Chowk, Daryaganj, Paharganj,

Shankar Road, Patel Nagar, G T Road, Karkardooma, Krishna Nagar, Laxmi Nagar,

Mayur Vihar, Yamuna Vihar, Nand Nagri and Karawal Nagar.

CONTENTS OF THE TENDER DOCUMENT

1. SECTION I- REQUEST FOR QUOTATION (General Instructions to Tenderers)

2. SECTION II – General Conditions of the Contract 3. SECTION III- Special Terms and conditions 4. SECTION IV –Claim Sheets with Mediclaim policy conditions- Annexure I-II 5. SECTION V- Annexure III-VI 6. SECTION VI- Price Format with details of the policies



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SECTION – I: REQUEST FOR QOUTATION

1.0 Event Information 1.1 BSES Yamuna Power Ltd (hereinafter referred to as “BYPL”) invites sealed tenders

in 2 envelopes for Short listing Insurers for Renewal of Various Insurance Policies for the Period as detailed against individual policies.

1.2 The schedule of specifications with detail terms & conditions can be obtained from

address given below. The tender documents & detail terms and conditions can also be downloaded from company's website “www.bsesdelhi.com”.

1.3 Cost of Tender form (Non-Refundable) : ₹ 1180/-

(non-refundable demand draft of ₹ 1180/- drawn in favor of BSES YAMUNA Power Ltd, payable at Delhi)

1.4 Offers will be received up to 19th Feb.’2018- 03:00 P.M. at the address given below. Part A of the Bid shall be opened on 19th Feb.’2018 at 04:00 P.M. Part B of the Bid will be opened in case of Techno-Commercially qualified Insurers and the date of opening of same shall be intimated to the Techno-Commercially qualified Insurers in due course. It is the sole responsibility of the Insurer to ensure that the bid documents reach this office on or before the due date.

BSES Yamuna Power Ltd C&M Deptt 3rd Floor, ‘A’ Block ShaktiKiran Building, Karkardooma Delhi 110032

1.4 BYPL reserves the right to accept/reject any or all Tenders without assigning any

reason thereof and alter the values for Insurances / Coverage with suitably. 2.0 (GENERAL INSTRUCTIONS TO TENDERERS) 1. This tender, shall be duly signed & stamped on each page and sent in a sealed covers.



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2. BID EVALUATION CRITERIA

1) The Bidder should be registered Indian Insurer in accordance with the INSURANCE ACT and approved by IRDA as Non Life Insurer and should have license to carry out Insurance business in INDIA under NON – LIFE Insurance sector.

2) The Bidder should have an Average Annual Turnover of not less than Rs. 1500.00 Crs for preceding Three (3) Financial Years (F.Y 2014-15, 2015-16 & 2016-17).

3) The Bidder should have experience of underwriting a single policy of Rs 2250 Cr or more in the last three financial years with PSUs/Public Utilities as a lead insurer.

4) The Bidder should have Average Solvency Ratio as per IRDA guidelines. 5) The Bidder should have Claims Settlement Ratio Percentage above 75%

during last 3 financial years supported by Balance Sheet / duly audited accounts.

6) The Bidder should have a minimum Average NET WORTH of 750 Crs for Last 3 Financial Year (F.Y 2014-15, 2015-16 & 2016-17).

NOTE:-

For Burglary Insurance:- Where any Partial Loss occurred – Waiver of FIR in claim amount up to 5 Lacs .In the Partial Loss, only D.D no with Police Authority will be provided to settle the claim. (Loss/Theft Up to 5 lacs) Whereas any total Loss occurred – Waiver of FIR for a claim amount up to Rs. 3 lacs. Only D.D no with police Authority will be provided to settle the claim. (Loss/Theft Up to 3 lacs. No under Insurance to be calculated for claim amount up to 5 lacs. For FIRE Insurance:- FIRE report with FIRE deptt and police intimation will be provided to settle the claim.



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Apart from the above, material loss details with value, Internal Investigation report or any other document will be provided to expedite the procedure for settlement of claim.

No additional documents shall be insisted for by the Insurance company to settle the claims.

3. MARKING OF ENVELOPES

The tender should be submitted in Separate sealed cover for Technical/price Bids as follows:

Envelope 1: “TECHO-COMMERCIAL BID FOR RENEWAL OF VARIOUS INSURANCE POLICIES FOR THE ANNUAL YEAR STARTING 1st April 2018 – TO – 31st March 2019”

Envelope 2: “PRICE BID FOR RENEWAL OF VARIOUS INSURANCE POLICIES FOR THE ANNUAL YEAR STARTING 1st April 2018 – TO – 31st March 2019”

These envelopes will be put in a larger envelope super scribing on this envelope “TECHNICAL AND PRICE BIDS FOR RENEWAL OF VARIOUS INSURANCE POLICIES FOR THE ANNUAL YEAR STARTING 1st April 2018 – TO – 31st March 2019”

This large envelope should state the name of the bidding and its contact details. No copy of the bid is required.

4. BID SUBMISSION

The tenders shall be addressed to the official inviting Tenders by designation and sent at the following address: Head of Department Contracts & Material Deptt. BSES Yamuna Power Ltd 3rd Floor, A Block ShaktiKiran Building KarKardoma Delhi-110032



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4.1 Clarifications, if any, on the tender shall be sought by Insurers on or before RFQ

DATE from Mr Satyajit Banerjee (C&M Deptt) Contact details are as follows: Phone No. 01139999303 E-mail: [email protected]

4.2 The tender shall be addressed to, Head of Department, Contracts & Material Deptt. and sent by "COURIER / REGISTERED POST / BY HAND" with adequate allowance for any delivery delays. The tenders received after the Due Date and time of Submission are liable to be rejected. At times courier deliver the tender to our Dak receiving section and there may be a time lag before it reaches us. Tenderers are advised to confirm, before time due for opening that their offer has reached the officer inviting it or his nominee.

4.3 Tenders shall be opened at the time and date as specified in the tender notice in the

presence of such of those Underwriters or their authorized representatives who may choose to be present. - Authority Letter required for the attending official.

4.4 Underwriters/Authorized Officer must fill up all the schedules and furnish all the

required information as per the instructions given in various sections of the tender specification, failing which tender is liable to be rejected.

4.5 The Insurers shall quote the rates both in English words as well as in Figures. In

case of difference in rates between words and figures, THE LESSER OF THE TWO shall be treated as valid rate. In case of any error in posting the sub-total to the summary sheet or arithmetic error in the sub-total and total, the sub-total will be taken as correct and total will be calculated taking into account the corrected sub-totals. In case of calculation errors, BYPL’s decision will be final and binding on the Insurer and may even lead to rejection of the tender.

4.6 All corrections and insertions shall be duly counter-signed by the authorized

signatory of the underwriter. The Underwriters shall closely peruse all the clauses and specifications indicated in the Tender Documents before quoting. Only such clarifications that are issued after discussions on technical deviations and which affect the tender stipulations in a substantial manner will be made known to rest of the Insurers before opening the bid. Insurers may contact us before scheduled opening of the Price Bid to find out whether any clarifications have been issued or not, so as to eliminate chances of the same having not reached the right person/ office despite their dispatch by us.



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4.7 NO DEVIATIONS TO THE TENDER CONDITIONS WILL BE ALLOWED.

HOWEVER, IF THE TENDERER SEEKS CERTAIN DEVIATIONS TO THE REQUIREMENTS APPEARING IN THE FOLLOWING SECTIONS BYPL RESERVES THE RIGHT TO ALLOW OR NOT ALLOW THE SAME. HOWEVER IF THE TENDERER INSISTS FOR THE SAME, THE BID MAY NOT BE CONSIDERED

Where the tender document is silent, the market conventions will be followed by

either side. 4. 8 The Insurance Company not to Benefit from Commissions, Discounts, recruitment

fee etc, The recruitment charges of the Insurance Company shall constitute the Insurance Company’s sole payment in connection with this Contract or the Services, and the Insurance Company shall not accept for their own benefit any trade commission, discount, or similar payment or any other benefits in connection with activities under the Contract, and the Insurance Company shall use their best efforts to ensure that the Personnel or agents too shall not receive any such payment/benefit, Neither the Insurance Company nor their Personnel shall engage, either directly or indirectly, in any such activities which conflicts with their role under the assignment.

4.9 Broker is allowed to take initiative to submit the quote through any IRDA registered Insurance company & Insurance company registered with IRDA and should have license to carry out insurance business in INDIA may submit the quote directly also( without broker). The insurance company is required to submit the quotes directly to BYPL & should mention the name of Broker in Price Bid sheet, if it is through “Insurance Broker”

Documents to be submitted in the Technical Bid:

1. Power of Attorney 2. Deviation Statement – Annexure IV 3. Declaration Statement – Annexure V 4. Certificate of Declaration for Confirmation of IRDA / TAC guidelines Annexure VI. 5. Documentary evidence in support of qualifying criteria 6. Original Tender documents duly stamped & signed on each page as token of

acceptance



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7. Organization chart of the Insurer indicating the Key personnel who are responsible

for handling the policy and settlement of claims along with their names, addresses, contact telephone numbers (office & Residence), fax numbers and E-mail addresses

8. Authority Letter for Participating Employee. 9. Non-refundable separate demand draft for Rs. 1180/- In case the forms are

downloaded from the website 10. Rate code/Risk Code along with occupancy & section of AIFT to be provided.

5. Validity of offer:

The selection / short listing of insurer is being done for renewal of various insurance policies for period as per price format

OFFER SUBMITTED BY THE UNDERWRITER SHALL BE KEPT VALID FOR A PERIOD OF TWELVE MONTHS FROM THE DATE OF OPENING OF TECHNICAL BID

6. STEPS IN THE PROCESS OF THE TENDER BY BYPL

6.1 Technical Qualification: As a first step of evaluation process, technical bid of all the

Insurers shall be opened & scrutinized with a view to determine technical acceptability of the offers and to check submission of the required documents. If required, Insurers shall be called for technical discussions.

6.2 Issue of clarifications, if applicable and to be communicated in writing. 6.3 Opening of price bids 6.4 Price Bid Evaluation:

Insurer quoting lowest overall and adhering to tender stipulations in an unqualified manner will normally be declared L-1.

7. AUTHORISATION AND ATTESTATION: Tenders shall be signed by persons duly authorized/empowered to do so. An

attested copy of the Power of Attorney shall also be attached.



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SECTION - II

GENERAL CONDITIONS OF THE CONTRACT

1.0 LAW GOVERNING THE CONTRACT AND COURT JURISDICTION 1.1 The Contract shall be governed by the Law for the time being in force in the

Republic of India. The Civil Court at New Delhi, having ordinary Original Civil Jurisdiction shall alone have exclusive jurisdiction in regard to all claims in respect of this Contract.

2.0 Documents to be submitted by the successful Insurer: In addition to other

requisite documents, the following will also be submitted by the successful Insurer.

1. Sets of claim forms 2. List of documents needed for settlement of each type of Claim 3. Contact details (Number, mobile No. , Email Id) of dealing persons at . Servicing Office Head Office 3.0 Underwriter will have no right to cancel the policy before the expiry of the policy

period. Any stipulation in this regard in the policy terms and conditions shall be deemed to be null and void.

4.0 In case of tariff violation, the underwriter will be liable to pay the difference in the

premium to the regulator. The underwriter will handle the dispute, if any, with the tariff Advisory Committee DIRECTLY and BSES, will not be, in any way, party to it.

5.0 FORMATION OF CONTRACT: All the documents issued by BSES as well as accepted by it up to the stage of premium payment will form part of the contract. Some of the examples are: Tender Document, Technical/ Price Bid, MOM, MOU, Deviation Statement etc.



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6.0 Underwriter shall submit Insurance Policy document to Corporate Office, Karkardooma within 15 days after the date of renewal of each policy.

7.0 If the Underwriter gives wrong information in his tender, BSES reserves the right to

reject such tender at any stage or to cancel the contract, if awarded. The MOU which will be evolved out of the documents exchanged is from tender to expression of intent will be required to be signed within 3 days of LOI.

8.0 Canvassing in any form in connection with the tender is strictly prohibited and the

tenders submitted by the Underwriter who resorts to canvassing are liable to be rejected.

9.0 Award Decision a) Company intends to award the business on a lowest bid basis, so Insurers are encouraged to submit the bid competitively. The decision to place award solely depends on Company on the cost competitiveness across multiple lots, quality, delivery and Insurer‘s capacity, in addition to other factors that Company may deem relevant. b) The Company reserves all the rights to award the contract to one or more Insurers so as to meet the delivery requirement or nullify the award decision without any reason. c) In case any contractor is found unsatisfactory during the execution process, the award will be cancelled and BYPL reserves the right to award other Insurer who are found fit. d) Management has right to cancel the tender as whole or part (General Policies & GMC). 10.0 ARBITRATION

To the best of their ability, the parties hereto shall endeavor to resolve amicably between themselves all disputes arising in connection with this Contract order. If the same remain unresolved within thirty (30) days of the matter being raised by either party, either party may refer the dispute for settlement by arbitration. The arbitration to be undertaken by two arbitrators, one each to be appointed by either party. The arbitrators appointed by both the parties shall mutually nominate a person to act as umpire before entering upon the reference in the event of a difference between the two arbitrators and the award of the said umpire in such a contingency shall be final and binding upon the parties. The arbitation proceeding shall be conducted in accordance with this provisions of the Indian Arbitration & Conciliation Act, 1996 and the venue of such arbitration shall be city of New Delhi only.



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GENERAL TERMS AND CONDITIONS 1.0 The following terms and expressions shall have meaning hereby assigned to

them except where the context otherwise requires. 1.1 BYPL /INSURED shall mean BSES Yamuna Power Ltd, a Company registered

under the Indian Companies Act 1956, with its Registered Office at Shakti Kiran Building, Karkardooma, NEW DELHI-110032 or its Authorized Offices or its Engineers or other employees authorized to deal with any matters with which these persons are concerned. On its behalf.

1.2 “Insure / Insurers /Tenderers / Underwrites” shall mean the company who submits

the tender and enters in to contract with BYPL and shall include their executors, administrators, successors and permitted assigns.

1.3 CONTRACT or CONTRACT DOCUMENT shall mean and include the policy, the

work order, the accepted appendices of rates, Instruction to tenders, General Conditions of Contract special condition of contract and the letter of intent / Acceptance letter issued by BYPL Any conditions or terms stipulated by the Underwriter, in the tender documents or subsequent letter shall not form part of the contract unless specifically accepted in writing by BYPL.

1.4 GENERAL CONDITIONS OF CONTRACT shall mean the instruction to Tenderers

and General Conditions of Contract pertaining to the work detailed. 1.5 TENDER SPECIFICATIONS’ shall mean the Special Conditions, Technical

Specifications, appendices and site information pertaining to the work for which the Underwrites are required to submit their offers. Individual Specification Number will be assigned to each tender specification.

1.6 TENDER DOCUMENTS’ shall mean the General Conditions of contract (clause

no.1.4 above) and Tender Specification ( clauses no 1.5 above ) 1.7 LETTER OF INTENT shall mean the intimation by a letter / fax to the Underwrite

that the responsibilities of the Underwrite commence from the date of issue of this letter and all the terms and conditions of contract are applicable from this date.

1.8 COMPLETION TIME shall mean the policy period by date specified in the letter of

intent or date mutually agreed upon for handling the policy and found acceptable



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by the Officer In charge being of required standard and conforming to the specification of the contract.

1.9 ‘APPROVED’ ’ DIRECTED’ or INSTRUCTED shall mean approved directed or instructed by BYPL.

1.10 WORK OR CONTRACT WORK shall mean and include rendering of all categories of services required for complete and satisfactory settlement of claims arising during transportation on warehouse to warehouse basis handling storing erecting testing and commissioning of the equipment performance guarantee testing. Trial run and handling over to the entire satisfaction of BYPL.

1.11 “CLAIM” shall mean intimation of loss communication to the insurer verbally / telephonically followed by written communication.

1.12 “SURVEYOR” shall mean the independent loss Assessor appointed by the insurer with the consent of insured to assess the loss within the framework of contract and policy document only. Insurer has to provide a panel of surveyors with their credentials to BYPL for approval after placement of order on them.

1.13 “SINGULAR” and “PLURAL” etc Words carrying singular number shall also

include plural and vise versa where the context so requires. Words imparting masculine gender shall -be taken to include the feminine gender and words-imparting persons shall inculcate .any Company or Association or Body of Individuals, where incorporated or not.

1.14 HEADINGS' the headings in these General Conditions are solely for the

purpose of Facilitating reference and shall not be deemed to be part thereof

or be taken into consideration in the interpretation or construction thereof or the

contract.

1.15 'MONTH' shall mean calendar month. 1.16 'WRITING' shall include any manuscript, type written or printed statement under

the signature or seal as the case may be.



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2. 0 LAW GOVERNING THE CONTRACT AND COURT JURISDICTION

The Contract shall be governed by the Law for the time being in force in the

Republic of India. The Civil Court at New Delhi, having ordinary Original Civil

Jurisdiction shall alone have exclusive jurisdiction in regard to all claims in

respect of this Contract.

3. 0 ISSUE OF NOTICE

The Underwriters shall furnish to the Officer In charge, the name,

designation and address of His authorized agent. All complaints, notices

communications and references shall be deemed to have been duly given to

the Underwriters, if delivered to the underwriter or his authorized agent or

left at or posted to the address either of the underwriter or his authorized

agent and shall be deemed to have been so given in the case of posting on

the day on which they would have reached such address in the ordinary

course of post or at which they were delivered or left.

4.0 USE OF LAND

No land belonging to BYPL or its customer under temporary possession of

BYPL shall be occupied by the Underwriter without the written permission of

BYPL.



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SECTION - III

SPECIAL CONDITIONS OF CONTRACT

1.0 OVERALL SCOPE OF THE POLICIES: All Policies coverage value and other details as attached at the end. 1.1 The scope of work to be executed by BYPL is indicated elsewhere in the

tender enquiry.

1 .2 PROCEDURE FOR CL AIM SETTLEMENT

1.2.1 The underwriter will put in place such a claim procedure that is positive prompt transparent and targets for 'zero' pendency status. Towards this end the underwriter will endeavor to educate the BYPL officials' w.r.t. procedures and documentation requirement. The same between Insurer and BYPL will be organized at the time and place suggested by BYPL for any update, training etc. at periodic intervals.

1.2.2 The Insurer shall immediately depute or authorize the Insured to cal l a surveyor(s) from the approved panel but not later than 48 hours of receipt of intimation from the Insured in exceptional cases.

The surveyor shall call for all the documents in support of claim in one go but not in piece meal manner for expeditious settlement of claim, preferably at the time of visit or within 3 days thereafter. The required documents will be provided after getting the same from respective departments. The claim will not be closed until the documents either be provided or denied.

1.2.3 The surveyor shall send his f indings to the Insurer within 15 days of his getting documents.

1.2.4 In case the claim is not found tenable or not settled for the claimed amount, they will seek the comments of BYPL within a week of receiving the survey report. The final view shall be taken within 15 days of receipt of reply from BYPL.

1.2.5 In normal circumstances the claim has to be settled in 30 days from the date of f irst information, net of time taken by BYPL for responding to surveyor’s /underwriter’s comments.



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2.0 DOCUMENT FOR REPLACEMENT/ REPAIR COST

The purchase cost of the assets will be taken from the Purchase order if the same is not available then the purchase cost of the identical goods will be taken to reach the purchase cost of the asset.

For repair of any assets the cost will be taken from estimate provided by the selected contractor/vender and if not possible than the quote from the vendor / service provider of identical materials will be taken as a base for calculation.

3.0 CLAIM SETTLEMENT

The total claim amount to be paid to the insured by the Insurer shall be taken care of current excess clauses and T&C of the policy. The Policy shall provide for payment of claims in Indian Currency.

The insured will give required relevant documents to the extent possible for settlement of claims. However in case of non-availability of required documents Insurer will settle the claims based on the market information and engineering estimates. In short the emphasis should be on the spirit of indemnity and not on procedures.

4.0 THEFT / FIRE CLAIMS

The security / watch and ward arrangement for Insurance of Fixed assets and main stores will be in the purview /Scope of BYPL/owner/customer who have engaged security from local sources for the watch and ward of the project.

Intimation for any loss/ damages w.r.t Theft / FIRE in all General Policies, event will be reported as per procedure

5.0 DEPUTATION OF SURVEYORS:

Within a reasonable time from the commencement of Policy the Underwriter shall discuss and furnish the list of surveyors containing their relevant details. Normally surveyors from that l ist only shall be deputed. BYPL reserves the right to review the list and can ask the Underwriter – not to depute a particular surveyor in case BYPL management feels that his deputation may jeopardize company’s Interest The Underwriter shall depute the surveyor



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within 2 working days on receipt of intimation of the occurrence of the accident. In the event of any delay in deputation of surveyor, BYPL reserve the right to engage any other survey or from panel at the cost of underwriter. In case the surveyor causes undue delay, the underwriter wil l have to effectively and promptly intervene to expedite the process or to change the surveyor loses the documents or does not pass to the underwriter for any reason, photocopy will be asked from BYPL and the same shall be acceptable as if these are original papers. The underwriter shall provide a copy of the survey report to BYPL if and when asked for. The surveyor shall be advised by the underwriter to directly submit his report on the causes and ways to avoid losses in future. However BYPL will not pay any remuneration in this behalf. Potential reduction of claim due to such analysis wil l help to reduce the future claims.

6.0 PROGRESS REPORTING AND REVIEW

The underwriter shall submit progress reports regarding the status of claims set& pending reports for settlement, premium received and the claim amount settled etc. as and when called for. Periodic progress review meetings will be held at site/ Head office during which the status of all the pending claims. The underwriter shall depute their senor representative to attend such meetings, who are empowered to take spot decisions in respect of settlement of claims, whenever feasible. They shall also constantly update/review their work program to match the liquidation of pending claims vis-a-vis scheduled site / contract closing program.



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SECTION - IV

General Insurance

ANNEXURE I

CLAIM SHEETS

Claims amount received /settled after deducting depreciation, salvage & excess for the policies during the last 3 years (Value is Rupees)

Row

Labels 2015 - 2016 2016-2017

2017-2018 (till

Dec. 2017)

BURGLARY 2741493 592824 802848

SFSP 1081219 2859770 641289

MARINE 0 0

PEEI 1900 31187 28472

EEI 19978 195444

Money 0 0

Public

Liability 615676 4017568

• There are some claims reported but pending to settle as below:

Claim pending as on 31/12/2017

Policy No. of claim Rs.

BURGLARY 2 75000

SFSP 7 1025000

Money

(last year) 1 1335000

Total 10 2435000



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Current Policy Conditions (other than group mediclaim policy)

Sr. No.

Type of Policy vis-a-vis Risk Coverage

Description Risk Coverage Excess Under Each Policy

1 Floater Fire Policy for various Stores materials

All items stored in various stores

Standard Fire Special Perils, Earth Quake with cover from terrorism

For risk locations having sum insured upto 10 crores-5% of the claim amount subject to minimum of Rs 10000/- for each & every claim For risk locations having sum insured more than 10 crores and upto 100 crores-5% of the claim amount subject to minimum of Rs 25000/- for each & every claim For risk locations having sum insured more than 100 crores and upto 1500 crores-5% of the claim amount subject to minimum of Rs 500000/- for each & every claim For risk locations having sum insured more than 1500 crores and upto 2500 crores-5% of the claim amount subject to minimum of Rs 2500000/- for each & every claim For risk locations having sum insured more than 2500 crores-5% of the claim amount subject to minimum of Rs 5000000/- for each & every claim

2 Floater Fire Policy for Scrap Material

All items stored in various scrap stores


5 % of claim amount subject to minimum of RS. 2500.00 for each and every claim



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3 Floater Burglary Policy for various Stores materials

All items stored in various stores

Riot Strike & Malicious Damage & Theft are not covered

Policy is on 5% first loss basis. The loss limit per location would be Rs. 30 Crores.

4 Floater Burglary Policy for Scrap Material

All items stored in various scrap stores


5 % of claim amount subject to minimum of RS. 2500.00 for each and every claim

5 Public Liability Policy

Location of Insured Premise : Entire Distribution Network in DELHI with ware house Extension

Indemnity limits Rs. 20 crores in respect of Any one Accident & not aggregate during the policy period is Rs.20 crores

Compulsory Excess 0.25%of the limit of indemnity per any one accident subject to maximum of Rs. 1,00,000 AOA 20 Crore AOY 20 Crore

6

Fire Policy cover for 66/33/11 KV Grids, 11kv Dist. Sub stations, Tower, Building, Net working Equipment, Computers, Printers, Telecom Equip., office fixture & furniture

a) 66 / 33 11 KV Grid Stations b) On Building c) On Office- Furniture Fixture & Fittings d) Office Equipments e) Stock f) Other

Standard Fire Special Perils, Earth Quake and Terrorism

For risk locations having sum insured upto 10 crores-5% of the claim amount subject to minimum of Rs 10000/- for each & every claim For risk locations having sum insured more than 10 crores and upto 100 crores-5% of the claim amount subject to minimum of Rs 25000/- for each & every claim For risk locations having sum insured more than 100 crores and upto 1500 crores-5% of the claim amount subject to minimum of Rs 500000/- for each & every claim For risk locations having sum insured more than 1500 crores and upto 2500 crores-5% of the claim amount subject to minimum of Rs 2500000/- for each & every claim



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7

Fire Policy cover for 11 KV SUBSTATIONS INCLUDING RMU , HVDS TRANSFORMERS(25 KVA SINGLE PHASE),, HVDS TRANSFORMERS (25/100kva THREE PHASE),TOWERS &TRANSMISSION LINE INCLUDING INSULATORS AND POLES,STREET LIGHTS AND OTHER ACCESSORIES WITHIN 1000 FEET OF SUB-STATIONS..CAPITAL WORK IN PROGRESS

a) 11 KV SUBSTATIONS INCLUDING RMU b) HVDS TRANSFORMERS(25 KVA SINGLE PHASE) c) HVDS TRANSFORMERS (25/100kva THREE PHASE). d) TOWERS &TRANSMISSION LINE INCLUDING INSULATORS AND POLES,STREET LIGHTS AND OTHER ACCESSORIES WITHIN 1000 FEET OF SUB-STATIONS e) CAPITAL WORK IN PROGRESS

Standard Fire Special Perils, Earth Quake (no terrorism cover)


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Burglary Policy cover for 66/33/11 KV Grids, 11kv Dist. Sub stations, Tower, Building, Net working Equipment, Computers, Printers, Telecom Equip., office fixture & furniture

a) 66 / 33 11 KV Grid Stations b) Stock c) On Office- Furniture Fixture & Fittings d) Office Equipments e) others

RSMD and Theft are covered , Highest accumulation at one location should not exceed Rs.30 crores,Policy is on 20% first loss basis

2% of the claim amount subject to minimum of Rs. 10,000/- for each and every claim



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9

Burglary Policy cover for 11 KV SUBSTATIONS INCLUDING RMU , HVDS TRANSFORMERS(25 KVA SINGLE PHASE),, HVDS TRANSFORMERS (25/100kva THREE PHASE),TOWERS &TRANSMISSION LINE INCLUDING INSULATORS AND POLES,STREET LIGHTS AND OTHER ACCESSORIES r

a) 11 KV SUBSTATIONS INCLUDING RMU b) HVDS TRANSFORMERS(25 KVA SINGLE PHASE) c) HVDS TRANSFORMERS (25/100kva THREE PHASE). d) TOWERS &TRANSMISSION LINE INCLUDING INSULATORS AND POLES,STREET LIGHTS AND OTHER ACCESSORIES WITHIN 1000 FEET OF SUB-STATIONS e) CAPITAL WORK IN PROGRESS


2% of claim amount subject to minimum of Rs. 10,000/- for Each and every claim.

10 Electronic Equipment Insurance

SCADA - RTU & FRTU, Audio/Video System ,UPS , PC, Poos Printer, High Speed scanner ,Printer , Projector ,Telephone ,Flat Bed Scanner, & Network Equipment

ALL RISK with coverage from any loss/ damage/ laibilty due to terrorism.

Excess: a) For equipments with value upto Rs. 1 lakh -i) Equipments (other than Winchester Drive) 5 % of claim amount subject to a minimum of Rs.1, 000/-. ii) Winchester Drive 10 % of claim amount subject to a minimum of Rs. 2, 500/- b) For equipments with value more than Rs. 1 lakh –i) Equipments (other than Winchester Drive) 5 % of claim amount subject to a minimum of Rs.2, 500/-ii) Winchester Drive- 25 % of claim amount subject to a minimum of Rs. 10,000/-

11 Portable Electronic Equipment Insurance

Laptops , BlackBerry Handsets & IPAD

ALL RISK except any loss/ damage/ liability due to terrorism.

For LAPTOP:- 5 % of claim amount subject to a minimum of Rs.5,000/- Other Equipments:- value up to 1 lacs: 5% of claim amount subject to minimum Rs. 2,500/- value more than 1 lacs: 10% of claim amount subject to minimum Rs. 10,000/-



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12 Cash Policy for Revenue Department

12A Money Insurance Policy

MONEY IN TRANSIT ,MONEY IN SAFE, HOLD UP COUNTERS, CASH CARRYING MOBILE VANS

NA

12B Group Personal Accident Insurance Policy

Coverage Table C Death , permanent Partial Disab, permanent Total Disablity. Total lives covered=223

Coverage is restricted to “ On Duty Cover” Only

NA

13

Marine ( Transit ) Insurance Policy (Transit: From Anywhere in India to anywhere in India)

All items used for electricity distribution including administrative items Transit :- Basis of Valuation of Goods = CIF +10%

Inland Transit Clause – A , War + Strike Riot & Civil Commotion Clause

1 % of the consignment value subject to min Rs.10,000 for each and every claim

14

Special Contingency Policy for materials issued to contractor from stores up to installation of the same and movement of material from Main Stores to Main as well as Sub-stores

Material for installation like cable conductor, pole, transformer, switchgear, RMU package substation, Lighting Arrestors, CT’s, PT’s, Battery, Battery Chargers, All Accessories, Hardware fittings, Street Lighting material, Energy meters & all other material required for Distribution of Electricity etc. whilst stored at various Temporary Stores/Sites of insured.(New and Second Hand) Basis of Valuation (Transit) For New goods = CIF +10% For Second hand goods =Cargo- Depreciated Market Value

FIRE & allied Perils with earthquake as per SFSP Policy. Burglary & House Breaking excluding Theft Accidental Loss at site during transit ITC -A

• Transit: Rs. 5000 for each & every Claim • For Non Act of God (AOG) perils: 5% of the claim amount subject to a minimum of Rs.10, 000/-. • For Act of God (AOG) perils: 5% of the claim amount subject to a minimum of Rs.25, 000/-. • 2% of the claim amount subject to minimum of Rs. 7500/- for each & every Claim.



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Group Mediclaim Policy

ANNEXURE II

CLAIM SHEET (GROUP MEDICLAIM POLICY)

Policy Period (Reported Claims) Nos

Amount

(In Lacs)

F.Y 2015-2016

Total Claim 172 80

F.Y 2016-2017

Total Claim 202 98.24

F.Y 2017-2018(till Dec.2017)

Total Claim 221 96.88



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Group Mediclaim Policy Conditions ( Coverage & T/C)

1. The Benefits are admissible only if the expenses are incurred in Hospital/Nursing Home as

in patient in India.

2. Pre Hospitalization expenses for 30 days – To be covered.

3. Post Hospitalization expenses for 60 days – To be covered.

4. Pre-existing diseases, 30 days waiting period & waiting period for specific diseases – To be

covered.

5. War invasion, Act of foreign enemy , war like operations, Nuclear weapons, ionizing

radiation, contamination by radio activity, by any nuclear fuel or nuclear waste or from the

combustion of nuclear fuel – To be covered.

6. Sexually transmitted diseases, any condition directly or indirectly caused due to or

associated with Human T-cell Lymphotropic Virus Type III (HTLB-III) or lymphotropathy

Associated Virus (LAV) or the Mutants Derivative or Variation Deficiency syndrome or any

syndrome or condition of a similar kind commonly referred to as AIDS – To be covered.

7. Vitamins and tonics unless forming part of treatment for injury or disease as certified by the

attending Medical Practitioner – To be covered.

8. Service charges or any other charges levied by hospital, except registration/ admission

charges – To be covered.

9. Any medical expenses incurred for or arising out of Terrorism/Epidemic – To be covered.

10. a) 9 month’s waiting period applicable for maternity benefit extension is waived off.

b) Maternity benefit is available up to full sum insured for the respective family limited to 2

children.

c) Claim in respect of delivery and/or operation associated with will be considered only for

two children in respect of any one insured person covered under the policy or any renewal

thereof. Those insured are already having two or more living children will not be eligible for

this benefit.

11. The coverage is for Employee +Spouse + maximum 4 dependent Children (son till age of 24

yrs & Daughter till marriage) + 1 & 2 dependent parents/parents in laws, if opt for (Up to 99

years) .

NOTE: 35 employees have 3 children – To be covered (1 children additional)

4 employees have 4 children – To be covered (2 children additional)

And remaining employee has 1 or 2 children.

12. New born babies are covered from day one and will be eligible for same benefits like other

members with full sum insured.



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Underwriter

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13. Pre-natal and Post-natal expenses are not covered unless admitted in Hospital/ Nursing home

and Treatment is taken there.

a) However expenses incurred 1 month prior to delivery and 2 months post delivery are

covered under the scheme within the maternity limits.

14. Medical Treatment of congenital external disease or defects or anomalies shall be covered

under the scheme when medically advised/ part of treatment of diseases.

15. “Hospitalization benefits” means expenses on hospitalization for a minimum period of 24

hrs. Which are admissible. However, this time limit will not apply for specific treatments to

be considered on case to case basis where the insured person is discharged on the same day

in which case, the treatment will be considered to be taken under hospitalization benefits.

For example, in case of normal delivery with epidural, the patient is discharged on the same

day or surgery for removing abscess with local anesthesia where the patient is discharged on

the same day.

16. The Sum Insured is on floater basis for the employee and his/ her family which shall consist

of spouse, two dependent children (Son till age of 24 yrs & Daughter till marriage) and 2

dependent parents (Up to 99 years).The coverage is from 0-99 years except Dependent

children.

17. Corporate Buffer: The policy is extended to cover corporate floater of 50,00,000/- subject to

the following terms and conditions:-

a) The usage of the corporate buffer shall be at the sole discretion of the insured’s management,

and it needs to be approved and recommended for payment by the management on the merits

of individual case.

b) This benefit shall be extended to only those persons who are covered under the group

mediclaim policy.

c) Such members should have exhausted sum insured available under the scheme.

d) Parents are also eligible for the corporate buffer.(However can be sanctioned on case to case

basis subject to HR-Head/CFO approval and insurer’s acceptance)

e) Option to avail the sum from corporate buffer should be intimated to the TPA well in

advance.

18. All the employees and their dependent family members, will automatically be covered under

the above mentioned policy from their date of joining in the services of the insured, subject

to availability of sufficient premium as on date of joining in the cash deposit account of the

insured with the company.



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a) Those employees who are joining in the intervening period and whose intimation has not

reached the insurance company /TPA would also be covered under this policy on the specific

certification from HR on their date of joining.

b) The coverage as detailed in item no. 18 & 18 (a) will be extended only if statement of

additions submitted to the company by the insured on or before the end of the succeeding

month.

19. In as much as the premium is charged for a family of 6 persons, no additional premium is

payable for inclusion of dependents up to 5 nos. provided family definition specified in point

no: - 12 is fulfilled under the policy.

a) Since the employee, & his/her dependents, are covered under the policy from the date of

their joining in the service of the insured, in the absence of the name of dependents endorsed

in the policy, the employee being covered, the certification of the HR dept. of the insured

regarding the dependency shall be acceptable to the company / TPA for admission of claims,

if any.

20. All additions and / or deletions under the policy shall be made on pro-rata basis.

21. Registration charges/surcharge including service charges will form part of the claim payable

by the insurance company.

22. Employees retiring during the course of policy will continue to be covered along with their

dependent in their policy till the expiry of the current policy. They would be eligible for the

renewal in the subsequent renewals as well. Similarly the spouse of a diseased employee will

be covered under the policy & subsequent renewals.

23. Robotic surgery for cancer of Prostate and Neuro stands covered. Others on case to case

basis only.

24. Ambulance Charges payable up to 1% of sum insured.

25. Co-pay is not applicable under the policy.

26. Retinopathy Treatment for Diabetic Retinopathy claims shall be payable on a case to case

basis.

27. Infertility treatment covered up to Rs 1 lac only for Employee.

28. Congenital Defects stands covered.

29. Stem Cell Therapy stands covered up to 50% of Amount.

30. Bariatric Surgery for Morbid Obesity subject to BMI greater than 35.

31. Cochlear Implant Surgery subject to 50%.

32. Surgery for Keratoconus stands limited to Rs 25000/-

33. Room Rent and Nursing care charges have no sublimit.

34. AILMENT WISE SUBLIMIT NOT APPLICABLE.



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Current TPA: MEDSAVE HEALTH INSURANCE TPA LIMITED

Mediclaim current policy data

Policy amount TOTAL

Coverage Limit ( Rs.) 300000 400000 500000 600000

Employees ( Nos. of Live cover)) 413 278 24 23 738

Dependents ( Except Parents)- Spouse, Son&

daughter ( Nos. of Lives cover) 510 568 61 56

1195

Parents /in laws - Nos. of Live covers 170 241 21 21 453

Number of employee cover for single

parents/in laws 20 27 5 3

Number of employee cover for 2 parents/ in

laws 75 107 8 9

Note:- Out of 738 employee- 5 employee have 4 children, 37 employee have 3 children , and remaining employee have 1 or 2 children.



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SECTION - V

ANNEXTURE —III

Undertaking

We undertake to settle all the pending claims of entire BYPL within three month period from the date of issue of the tender; we understand that failure to do so might affect our prospects with BYPL adversely.

For and on behalf of underwriter

(Signature & seal of Authorized Signatory)



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Underwriter

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ANNEXURE —IV

DEVIATION STATEMENT

(PI. strike off the clause which is not applicable and tick the other)

THIS IS TO DECLARE THAT WE DO NOT HAVE ANY DEVIATIONS IN THE STIPULATIONS OF YOUR TENDER AND ACCORDINGLY ACCEPT ALL THE STIPULATIONS WITHOUT ANY RESERVATIONS WHATSOEVER.

OR

WE HAVE NOTICED THE FOLLOWING CONTRADICTION/ DISCREPANIES

IN/ BETWEEN THE TENDER STIPULATIONS.

a) Para no ...... section .... b) ...................... Para no section c) P a r a n o . section .

(Signature of the Insurer)



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ANNEXURE —V

DECLARATION SHEET

I ------------------------------------------------------------------------------------------------------------

--------------------------------------------------------------------------------------------------------------

Hereby certify that all the information and data furnished by me with regard to this Tender No: CMC/BY/17-18/RB/SB/062 is true and complete to the best of my knowledge. I have gone through the specif icat ions, condit ions and stipulations in detail and agree to comply with the requirements and intent of specification.

I further certify that I am the duly authorized representative of the under mentioned

Tendered and a valid power of attorney to this effect is also enclosed.

Authorized

representative's

signature with name and

address



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Underwriter

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ANNEXURE —VI

CERTIFICATE OF DECLARATION FOR CONFIRMATION OF

REGULATORY GUIDLINES

Hereby certify on behalf of ..... ..... . ............... ........ .......that

Tender No: CMC/BY/17-18/RB/SB/062

does not Breach of Insurance Act/Regulatory/TAC and guidelines applicable in INDIA, I further confirm that in the event of disclosure at a later stage that the same is in Breach and BYPL is put to any disadvantage or face cancellation of the Policy or any claim becomes substandard/untenable, the whole liabilities arising out of this shall lie wholly on us and will bear all consequences thereof.

I, further certify that I am the duly authorized representative of the underwriter and competent to agree as above and a valid power of attorney to this effect is enclosed.

I, further certify that there is no tariff violation. In case some violation is pointed out

at a later date, the same shall be taken care of in line with clause 12 of

Section I.

Authorized

representative's

signature with name and

address



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Underwriter

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BSES Yamuna Power Ltd

GENERAL POLICIES

Sr. No.

Type of Policy vis-a-vis Risk Coverage

Risk Coverage Excess Under Each

Policy

Approvimate

value of Insured (in lacs)

Period Premium without

GST

1

Fire Policy for various Stores materials(floating policy for all stores)

Standard Fire Special Perils, Earth Quake & terrorism cover (floating policy for all stores)

For risk locations having sum insured upto 10 crores-5% of the claim amount subject to minimum of Rs 10000/- for each & every claim For risk locations having sum insured more than 10 crores and upto 100 crores-5% of the claim amount subject to minimum of Rs 25000/- for each & every claim

10500

01.04.2018

to 31.03.2019

2

Burglary Policy for various Stores materials(floating policy for all stores)

Riot Strike & Malicious Damage. Terrosim covered.(floating policy for all stores)

Policy is on 5% first loss basis. The loss limit per location would be Rs. 30 Crores.

10500

01.04.2018

to 31.03.2019

3

Fire Policy for scrap material ( Floater policy for all the scrap stores)

Standard Fire Special Perils, Earth Quake & terrorism cover (floating policy for all scrap stores)

5% of claim amount subject to miniimum of Rs 5000/- for each & every clsim .

500

01.04.2018

to 31.03.2019

4

Burglary Policy for scrap material ( Floater policy for all the scrap stores)

Riot Strike & Malicious Damage. Terrosim covered.(floating policy for all scrap stores)

5% of claim amount subject to miniimum of Rs 5000/- for each & every clsim .

500

01.04.2018

to 31.03.2019



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5

Public Liability Policy

Indemnity limits Rs. 20 crores in respect of Any one Accident & not aggregate during the policy period is Rs.20 crores

Compulsory Excess 0.25%of the limit of indemnity per any one accident subject to maximum of Rs. 1,00,000 and minimum of Rs.1,000.00 AOA 20 Crore AOY 20 Crore

2000

01.04.2018

to 31.03.2019

6

Fire Policy cover for 66/33/11 KV Grids, 11kv Dist. Sub stations, Tower,Building, Net working Equipment, Computers, Printers, Telecom Equip., office fixture & furniture

Standard Fire Special Perils, Earth Quake and Terrorism

For risk locations having sum insured upto 10 crores-5% of the claim amount subject to minimum of Rs 10000/- for each & every claim For risk locations having sum insured more than 10 crores and upto 100 crores-5% of the claim amount subject to minimum of Rs 25000/- for each & every claim For risk locations having sum insured more than 100 crores and upto 1500 crores-5% of the claim amount subject to minimum of Rs 500000/- for each & every claim For risk locations having sum insured more than 1500 crores and more -5% of the claim amount subject to minimum of Rs 2500000/- for each & every claim

57500

01.04.2018

to 31.03.2019



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7

Fire Policy cover for 11 KV SUBSTATIONS INCLUDING RMU , HVDS TRANSFORMERS(25 KVA SINGLE PHASE),, HVDS TRANSFORMERS (25/100kva THREE PHASE),,,TOWERS &TRANSMISSION LINE INCLUDING INSULATORS AND POLES,STREET LIGHTS AND OTHER ACCESSORIES WITHIN 1000 FEET OF SUB-STATIONS..CAPITAL WORK IN PROGRESS

Standard Fire Special Perils, Earth Quake (no terrorism cover)


100250

01.04.2018

to 31.03.2019

8

Burglary & House breaking policy for the item mention in sr. No. 6 ( except Building) & sr. No. 7



148300

01.04.2018

to 31.03.2019



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9

Electronic Equipment Insurance

ALL RISK with coverage from any loss/ damage/ laibilty due to terrorism.

Excess: a) For equipments with value upto Rs. 1 lakh -i) Equipments (other than Winchester Drive) 5 % of claim amount subject to a minimum of Rs.1, 000/-. ii) Winchester Drive 10 % of claim amount subject to a minimum of Rs. 2, 500/- b) For equipments with value more than Rs. 1 lakh –i) Equipments (other than Winchester Drive) 5 % of claim amount subject to a minimum of Rs.2, 500/-ii) Winchester Drive- 25 % of claim amount subject to a minimum of Rs. 10,000/-

1870

01.04.2018

to 31.03.2019

10

Portable Electrnic Equipment Insurance

ALL RISK except any loss/ damage/ laibilty due to terrorism.

For LAPTOP:- 5 % of claim amount subject to a minimum of Rs.5,000/- Other Equipments:- value upto 1 lacs: 5% of claim amount subject to minimumRs. 2,500/- value more than 1 lacs: 10% of claim amount subject to minimumRs. 10,000/-

140

01.04.2018

to 31.03.2019

11

Cash Policy for Revenue Department

11 A

Money Insurance Policy

ALL RISK as per standard money policy

NA

Money In Transit Rs 1000 lacs(Single carrying limit) and Rs 125000 lacs(annual carrying limit) , Money In Safe Rs 1000 lacs, Hold up

01.04.2018

to 31.03.2019



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counters Rs 1220 lacs, mobile vansRs 60 lacs

13

Group Personal Accident Insurance Policy

Coverage is restricted to “ On Duty Cover” Only

NA 1830

01.04.2018

to 31.03.2019

14

Marine ( Transit ) Insurance Policy (Transit: Anywhere to anywhere in India)

Inland Transit Clause – A , War + Strike Riot & Civil Commotion Clause

0.25 % of the consignment value subject to min Rs.10,000 for each and every claim

20000

01.04.2018

to 31.03.2019

15

Special Contigency Policy for materials issued to contractor from stores up to instaltion of the same and movement of material from Main Stores to Main as well as Sub-stores

FIRE & allied Perils with earthquake as per SFSP Policy. Burglary & House Breaking excluding Theft Accidental Loss at site during transit ITC -A

• Transit : Rs. 5000 for each & every Claim • For Non Act of God (AOG) perils: 5% of the claim amonut subjectto a minimum of Rs.10,000/-. • For Act of God (AOG) perils: 5% of the claim amonut subjectto a minimum of Rs.25,000/-. • 2% of the claim aoumnt subject to minimum of Rs. 7500/- for each & every Claim.

• Sum Insured for property

section: Rs 10 crores

only • Sum

Insured for Transit:

§ Per Bottom limit: Rs 2

Crores only § Limit per

location: Rs 2 Crores only

§ Sum Insured: Rs 7.5 Crores

only

01.04.2018

to 31.03.2019

16

Public Liability Act Policy

AOA- Rs. 5 cr & AOY - 15 cr

1500

01.04.2018

to 31.03.2019

17

Stand Alone Terrorism Policy


148300

01.04.2018

to 31.03.2019

NOTE: The sum insured value is only indicative. Actual sum insured value will be given at the time of starting the policy. Premium will be calculated & to be paid based on the data /value to be declared before start the policy ( 01/04/2018)



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MEDICLIAM POLICY MEDICLIAM POLICY MEDICLIAM POLICY MEDICLIAM POLICY

(Period: (Period: (Period: (Period: 01.04.2018 to 31.03.2019)01.04.2018 to 31.03.2019)01.04.2018 to 31.03.2019)01.04.2018 to 31.03.2019)

Slab wise sum insured (in Rs)

Rate of Premium(excl GST)

Under BYPL Umbrella Policy

Under Indivdual Employee Family Floater Policy after

retirement/resignation

Employee Parents Employee Parents

Rs 300000/-

Rs 400000/-

Rs 500000/-

Rs 600000/-



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NOTE

1)Catogary wise employee means employee may be single or with spouse,son and daughter. Parents means either set of mother & father/ Mother in-law and father in-law or single of any one.

2) Parents Premium would mean total premium charged to an employee who opts for his set of parents i.e Mother and Father or Mother in Law and Father In Law or single parent / single parent in laws

3) If employee request to get the policy on the same fashion after resignation,porability facility will continue. Writing /endorsemnt confirmation to be required for the same.

4) Rate should be quoted for both BYPl umbrella policy and individual employee family floater policy ( after Resignation)

5)Medical coverage will be continue in case unmarried girl child(more than 25 year),dependents to parents and disabled child of any age dependent to parents.

6)Lowest bidder of General policy and GMC policy will be considered seperately.

Date post:	27-Mar-2018
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