Tender Details
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About Tender
🛠️ Invitation For Bids: Assets Insurance Service 🏗️🔒 The Department Of Heavy Industry, Under The Ministry Of Heavy Industries And Public Enterprises, Is Seeking Bids From Experienced Insurance Service Providers For The Contractors Plant And Machinery Insurance. 📜 🗓️ Bid Submission Deadline: May 14, 2024, 4:00 Pm The Scope Includes Comprehensive Property Damage Cover For Plant And Machinery Assets. Interested Bidders Should Submit Detailed Proposals, Including Coverage Terms, Premium Rates, And Claims Handling Procedures, In Accordance With The Specified Guidelines. Keywords: Assets Insurance, Contractors Plant And Machinery Insurance, Property Damage Cover, Department Of Heavy Industry, Ministry Of Heavy Industries And Public Enterprises, Bid Invitation| Particulars | Details |
|---|---|
| Title |
Assets Insurance Service Contractors Plant And Machinery Insurance; Property Damage Cover, Standa
|
| Description |
|
| Organisation | Department of Heavy Industry | Ministry of Heavy Industries and Public Enterprises |
| Tender Id | GEM/2024/B/4897627 |
|
Reference Number |
- |
| Tender Fee | - |
| EMD | - |
| Tender Value | 2 Crore |
| Place | |
| Link |
View Original Tender Notice
https://bidplus.gem.gov.in/all-bids |
| Start Date | April 29, 2024 20:51 |
| End Date |
Expired
14/05/2024
Expired 883 days ago |
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Award of Contract & Bid Results
ICICI LOMBARD GENERAL INSURANCE COMPANY LIMITED
13973241
Technical Evaluation Results
| S.No. | Seller Name | Participated On | MSE/MII Status | Status |
|---|---|---|---|---|
| 1 | FUTURE GENERALI INDIA INSURANCE COMPANY LIMITED | 13-05-2024 16:16:05 | N/A | Qualified |
| 2 | ICICI LOMBARD GENERAL INSURANCE COMPANY LIMITED | 14-05-2024 11:09:38 | N/A | Qualified |
| 3 | IFFCO-TOKIO GENERAL INSURANCE COMPANY LIMITED | 14-05-2024 15:16:28 | N/A | Qualified |
| 4 | NATIONAL INSURANCE COMPANY LIMITED | 14-05-2024 15:38:21 | N/A | Qualified |
| 5 | RELIANCE GENERAL INSURANCE COMPANY LIMITED | 14-05-2024 15:15:55 | N/A | Qualified |
| 6 | SHRIRAM GENERAL INSURANCE COMPANY LIMITED | 13-05-2024 12:12:16 | N/A | Qualified |
| 7 | TATA AIG GENERAL INSURANCE COMPANY LIMITED | 14-05-2024 11:09:42 | N/A | Disqualified |
| 8 | THE NEW INDIA ASSURANCE COMPANY LIMITED | 14-05-2024 15:12:25 | N/A | Qualified |
| 9 | UNITED INDIA INSURANCE COMPANY LIMITED | 14-05-2024 15:49:12 | N/A | Qualified |
Financial Evaluation Results
| S.No. | Seller Name | Offered Item | Total Price | Rank |
|---|---|---|---|---|
| 1 | ICICI LOMBARD GENERAL INSURANCE COMPANY LIMITED | Item Categories : Assets Insurance Service - CONTRACTORS PLANT AND MACHINERY INSURANCE; Property Damage Cover, Standa | 13973241.00 | L1 |
| 2 | IFFCO-TOKIO GENERAL INSURANCE COMPANY LIMITED | Item Categories : Assets Insurance Service - CONTRACTORS PLANT AND MACHINERY INSURANCE; Property Damage Cover, Standa | 14961267.00 | L2 |
| 3 | NATIONAL INSURANCE COMPANY LIMITED | Item Categories : Assets Insurance Service - CONTRACTORS PLANT AND MACHINERY INSURANCE; Property Damage Cover, Standa | 14989318.00 | L3 |
| 4 | THE NEW INDIA ASSURANCE COMPANY LIMITED | Item Categories : Assets Insurance Service - CONTRACTORS PLANT AND MACHINERY INSURANCE; Property Damage Cover, Standa | 18491204.00 | L4 |
| 5 | FUTURE GENERALI INDIA INSURANCE COMPANY LIMITED | Item Categories : Assets Insurance Service - CONTRACTORS PLANT AND MACHINERY INSURANCE; Property Damage Cover, Standa | 19094290.00 | L5 |
| 6 | SHRIRAM GENERAL INSURANCE COMPANY LIMITED | Item Categories : Assets Insurance Service - CONTRACTORS PLANT AND MACHINERY INSURANCE; Property Damage Cover, Standa | 20060000.00 | L6 |
| 7 | RELIANCE GENERAL INSURANCE COMPANY LIMITED | Item Categories : Assets Insurance Service - CONTRACTORS PLANT AND MACHINERY INSURANCE; Property Damage Cover, Standa | 21506822.00 | L7 |
| 8 | UNITED INDIA INSURANCE COMPANY LIMITED | Item Categories : Assets Insurance Service - CONTRACTORS PLANT AND MACHINERY INSURANCE; Property Damage Cover, Standa | 29793961.00 | L8 |
Ordered Items & Contract Pricing
| Service | Category Name | Ordered Quantity | Price |
|---|---|---|---|
| Assets Insurance Service - CONTRACTORS PLANT AND MACHINERY INSURANCE; Property Damage Cover, Standard Fire & Special Perils Cover, Storm, Typhoon, Hurricane, Tornado, Flood and Inundation (STFI) Cover, MBD (Machinery breakdown) Cover, Terrorism Cover.. | Assets Insurance Service | 1 | ₹ 13973241.000 |
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