Tender Details

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

Awarded Contractor / Winner

ICICI LOMBARD GENERAL INSURANCE COMPANY LIMITED

Contract Value

13973241

Tender Status: active
Additional Information: Average Turn Over of Last 3 Years: Lakhs Experience with Gov. Required: Years Project Experience Required: No
Buyer Name: Kamlesh Agarwal
Ministry: Ministry Of Heavy Industries And Public Enterprises
Department: Department Of Heavy Industry
Organisation: Bharat Heavy Electricals Limited (bhel)

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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