Tender Details

Particulars Details
Title
Group Term Insurance Service Permanent Employees, On Deputation Staff; Natural Death, Accidental
Description
Organisation Railways Public Sector Undertakings | Ministry of Railways
Tender Id GEM/2025/B/6072973
Reference
Number
-
Tender Fee -
EMD -
Tender Value -
Place
Link
View Original Tender Notice

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

Start Date March 20, 2025 20:59
End Date
Expired 01/04/2025

Expired 565 days ago

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Award of Contract & Bid Results

Awarded Contractor / Winner

SBI LIFE INSURANCE COMPANY LIMITED

Contract Value

9862473.98

Tender Status: active
Additional Information: Average Turn Over of Last 3 Years: 75 Lakhs Experience with Gov. Required: Years Project Experience Required: Yes
Buyer Name: Sidhartha Singh
Ministry: Ministry Of Railways
Department: Railways Public Sector Undertakings
Organisation: Indian Railway Catering And Tourism Corporation Limited

Technical Evaluation Results

S.No. Seller Name Participated On MSE/MII Status Status
1 AVIVA LIFE INSURANCE COMPANY INDIA LTD 01-04-2025 15:41:25 N/A Qualified
2 HDFC LIFE INSURANCE COMPANY LIMITED 01-04-2025 15:33:41 N/A Disqualified
3 Life Insurance Corporation of India 30-03-2025 16:43:28 N/A Qualified
4 PRAMERICA LIFE INSURANCE LIMITED 01-04-2025 15:53:12 N/A Disqualified
5 SBI LIFE INSURANCE COMPANY LIMITED 31-03-2025 17:19:29 N/A Qualified
6 SHRIRAM LIFE INSURANCE COMPANY LIMITED 01-04-2025 10:58:48 N/A Disqualified
7 STAR UNION DAI-ICHI LIFE INSURANCE COMPANY LIMITED 01-04-2025 15:57:24 N/A Qualified

Financial Evaluation Results

S.No. Seller Name Offered Item Total Price Rank
1 SBI LIFE INSURANCE COMPANY LIMITED Item Categories : Group Term Insurance Service - Permanent Employees, On deputation staff; Natural death, Accidental 9862473.98 L1
2 AVIVA LIFE INSURANCE COMPANY INDIA LTD Item Categories : Group Term Insurance Service - Permanent Employees, On deputation staff; Natural death, Accidental 11580701.00 L2
3 Life Insurance Corporation of India Item Categories : Group Term Insurance Service - Permanent Employees, On deputation staff; Natural death, Accidental 13021548.00 L3
4 STAR UNION DAI-ICHI LIFE INSURANCE COMPANY LIMITED Item Categories : Group Term Insurance Service - Permanent Employees, On deputation staff; Natural death, Accidental 14210438.00 L4

Ordered Items & Contract Pricing

Service Category Name Ordered Quantity Price
Group Term Insurance Service - Permanent Employees, On deputation staff; Natural death, Accidental death, Suicide, Animal bite, Pre-Existing Illnesses, any type of death Group Term Insurance Service 1383 ₹ 9862473.980
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