Closed 23 May 2024

Liability Insurance Service - Employer’s liability and workers' compensation, Director and Office

AI ENGINEERING SERVICES LIMITED | Ministry of Civil Aviation

Original notice

This tender closed on 23 May 2024. 10 tenders like it are open now.

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Tender details

🛫 Procurement Opportunity: Liability Insurance Services 🛡️ AI ENGINEERING SERVICES LIMITED, under the Ministry of Civil Aviation, is seeking bids for Liability Insurance Services, encompassing Employer’s Liability and Workers' Compensation, as well as Director and Office Liability. 🗓️ Deadline: May 23, 2024, 3:00 PM Bidders must demonstrate expertise in providing comprehensive insurance solutions that meet the stringent requirements of the aviation sector. Detailed proposals, including coverage details, premium rates, and service level agreements, are expected. Keywords: Liability Insurance, AI ENGINEERING SERVICES LIMITED, Ministry of Civil Aviation, Employer’s Liability, Workers' Compensation, Director and Office Liability, Procurement, Insurance Services

Tender ID
GEM/2024/B/4947968
Reference number
–
Organisation
AI ENGINEERING SERVICES LIMITED | Ministry of Civil Aviation
Location
–
Bids open
16 May 2024, 2:59 PM
Bids close
23 May 2024, 3:00 PM
Tender value
–
EMD
–
Tender fee
–

Source: https://bidplus.gem.gov.in/all-bids

Award of Contract & Bid Results

Awarded Contractor / Winner

NATIONAL INSURANCE COMPANY LIMITED

Contract Value

11645534

Tender Status: active
Additional Information: Average Turn Over of Last 3 Years: Lakhs Experience with Gov. Required: Years Project Experience Required: No
Buyer Name: Raj Kumar Gupta
Ministry: Ministry Of Civil Aviation
Department: Ai Engineering Services Limited
Organisation: Ai Engineering Services Limited

Technical Evaluation Results

S.No. Seller Name Participated On EMD Status MSE/MII Status Status
1 NATIONAL INSURANCE COMPANY LIMITED 25-05-2024 10:31:11 Central / State PSUs N/A Qualified
2 THE ORIENTAL INSURANCE COMPANY LIMITED 27-05-2024 15:31:55 Central / State PSUs N/A Qualified

Financial Evaluation Results

S.No. Seller Name Offered Item Total Price Rank
1 NATIONAL INSURANCE COMPANY LIMITED Item Categories : Liability Insurance Service - Employer’s liability and workers' compensation, Director and Office 11645534.00 L1
2 THE ORIENTAL INSURANCE COMPANY LIMITED Item Categories : Liability Insurance Service - Employer’s liability and workers' compensation, Director and Office 13823733.00 L2

Ordered Items & Contract Pricing

Service Category Name Ordered Quantity Price
Assets Insurance Service - Fire Insurance Cover; Property Damage Cover; Optional Assets Insurance Service 1 ₹ 4904516.000
Assets Insurance Service - Fire and Engineering Insurance cover, Terrorism Insurance; Property Damage Cover, Terrorism Cover, Theft/Burglary Cover, Standard Fire & Special Perils Cover, All; Optional Assets Insurance Service 1 ₹ 1707544.000
Group Personal Accidental Insurance Service - All Employees; Persona accident and other group employee benefits within India Group Personal Accidental Insurance Service 1 ₹ 472000.000
Group Personal Accidental Insurance Service - ALL; Personal Accident cover outside India Group Personal Accidental Insurance Service 1 ₹ 3092332.000
Liability Insurance Service - Employer’s liability and workers' compensation, Director and Officer liability coverage Liability Insurance Service 1 ₹ 620722.000
Marine and Transit Insurance Service - marine transit policy for company stores; Land, Sea, Air Marine and Transit Insurance Service 1 ₹ 41300.000
Motor Insurance Service - 4 Wheeler; ALL Motor Insurance Service 1 ₹ 619500.000
Motor Insurance Service - 4 Wheeler; ALL Motor Insurance Service 1 ₹ 118000.000
Motor Insurance Service - 4 Wheeler; ALL Motor Insurance Service 1 ₹ 59000.000
Overseas Travel and Medical Insurance Service - Official travel (business or training) Overseas Travel and Medical Insurance Service 1 ₹ 10620.000

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