Page 52 - Insurance Times August 2021

of the Act read with Indian Insurance Companies 1134844, published on 22/03/2021, on GeM Portal (https://
(Foreign Investment) Rules, 2015 and Regulations and gem.gov.in) for Annual Maintenance Contract (AMC) of
any guideline issued by the Authority and shall continue Hardware for IRDAI offices (Hyderabad, New Delhi Regional
to be compliant after the issue of capital in accordance office and Mumbai Regional Office).
with this application.”.

CHAPTER-IV Based on the detailed scrutiny of the proposals received from
various bidders, M/s BHARAT IT SERVICES LIMITED is
Amendment to Insurance Regulatory and
emerged as the lowest evaluated responsive tender (L1) and
Development Authority of India (Issuance of Capital by
Indian Insurance Companies Transacting other than accordingly the vendor has been awarded the Contract for
Rs. 18,11,218.78/- (Including All Duties and Taxes) for a
Life Insurance Business) Regulations, 2015
period of 2 years with effective from 09th July 2021.
10. Clause (vi) of sub-regulation (2) of regulation 5 shall be
substituted with the following, namely: -
(A.R.Nithiyanantham)
“Compliance with the Indian Insurance Companies
Chief General Manager (IT)
(Foreign Investment) Rules, 2015 and any guidelines
issued by the Authority in this regard;”.
Standards and Benchmarks for the
11. Clause (b) of regulation 7 shall be substituted with the
following, namely: - Hospitals in the provider Network
“Consequent upon the dilution of shareholding by the IRDAI/HLT/REG/MISC/199/07/2021
promoter(s) and / or Investor (s) or issue of fresh capital, Date:23-07-2021
the applicant company shall not be compliant to the
Regulation 5A and / or 5B of Insurance Regulatory and 1. Reference is invited to IRDAI Circular ref: IRDAI/HLT/
Development Authority (Registration of Indian REG/CIR/199/07/2020 dated 24th July, 2020 on the
Insurance Companies) Regulations, 2000.”. captioned subject.
12. In form A, in annexure to Application, para 13 shall be
substituted with the following, namely:- 2. In partial modification of the captioned guidelines,
“Confirmation of compliance with Indian Insurance taking into consideration the prevailing COVID-19
Companies (Foreign Investment) Rules, 2015: pandemic, the timelines for complying with the
M/s …………………………. hereby confirms that it is standards and benchmarks specified at clause (a)(i) and
compliant with the requirements of Section 2 (7A) (b) (ii) of Chapter IV of the Guidelines on Standardisation
of the Act read with Indian Insurance Companies in Health Insurance under Section I of Master circular
(Foreign Investment) Rules, 2015 and Regulations and ref. IRDAI/HLT/REG/CIR/193/07/2020 dated 22nd
any guideline issued by the Authority and shall continue July,2020 (hereinafter referred as Chapter IV ) stands
to be compliant after the issue of capital in accordance extended for a further period of one year for all the
with this application.”. existing network providers as on the date.

(T. L. ALAMELU) 3. The norms specified at Clause a(iii) of Chapter IV shall
Whole-time Member continue to be applicable for all the new entrants.
(Non-Life Insurance)
4. There is no change in other norms specified therein.
GeM Bid for Annual Maintenance Contract
(AMC) of Hardware for IRDAI (HYD, NDRO 5. This Circular is issued in terms of Regulation 31(e) of the
IRDAI (Health Insurance) Regulations 2016.
and MRO) – Award of Contract
GEM/2021/B/1134844 6. This has the approval of the competent authority.
Date:22-07-2021
(DVS RAMESH )
This has reference to the Bid Number: GEM/2021/B/ General Manager (Health)

52 The Insurance Times, August 2021