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) | | |