Tender Details

Particulars Details
Title
Group Term Insurance Service Permanent Employees, Contract Employees; Natural Death, Accidental D
Description
Organisation Balmer Lawrie and Company Limited | Ministry of Petroleum and Natural Gas
Tender Id GEM/2023/B/3797543
Reference
Number
-
Tender Fee -
EMD -
Tender Value 2 Crore
Place
Link
View Original Tender Notice

https://gem.gov.in/

Start Date August 07, 2023 23:30
End Date
Expired 25/08/2023

Expired 1093 days ago

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Award of Contract & Bid Results

Awarded Contractor / Winner

PRAMERICA LIFE INSURANCE LIMITED

Contract Value

7310061

Tender Status: active
Additional Information: Average Turn Over of Last 3 Years: 500 Lakhs Experience with Gov. Required: Years Project Experience Required: Yes
Buyer Name: Indrani Mukherjee
Ministry: Ministry Of Petroleum And Natural Gas
Department: Balmer Lawrie And Company Limited
Organisation: Balmer Lawrie And Company Limited

Technical Evaluation Results

S.No. Seller Name Participated On MSE/MII Status Status
1 ADITYA BIRLA SUN LIFE INSURANCE COMPANY LIMITED 25-08-2023 16:00:58 N/A Qualified
2 BAJAJ ALLIANZ LIFE INSURANCE COMPANY LIMITED 23-08-2023 17:24:45 N/A Qualified
3 HDFC LIFE INSURANCE COMPANY LIMITED 07-09-2023 13:49:24 N/A Disqualified
4 INDIAFIRST LIFE INSURANCE COMPANY LIMITED 23-08-2023 19:10:41 N/A Qualified
5 PRAMERICA LIFE INSURANCE LIMITED 25-08-2023 10:34:27 N/A Qualified
6 STAR UNION DAI-ICHI LIFE INSURANCE COMPANY LIMITED 25-08-2023 15:13:18 N/A Qualified
7 TATA AIA LIFE INSURANCE COMPANY LIMITED 25-08-2023 15:58:42 N/A Qualified

Financial Evaluation Results

S.No. Seller Name Offered Item Total Price Rank
1 PRAMERICA LIFE INSURANCE LIMITED Item Categories : Group Term Insurance Service - Permanent Employees, Contract Employees; Natural death, Accidental d 7434014.00 L1
2 TATA AIA LIFE INSURANCE COMPANY LIMITED Item Categories : Group Term Insurance Service - Permanent Employees, Contract Employees; Natural death, Accidental d 7764556.00 L2
3 BAJAJ ALLIANZ LIFE INSURANCE COMPANY LIMITED Item Categories : Group Term Insurance Service - Permanent Employees, Contract Employees; Natural death, Accidental d 8740290.00 L3
4 ADITYA BIRLA SUN LIFE INSURANCE COMPANY LIMITED Item Categories : Group Term Insurance Service - Permanent Employees, Contract Employees; Natural death, Accidental d 9868582.00 L4
5 INDIAFIRST LIFE INSURANCE COMPANY LIMITED Item Categories : Group Term Insurance Service - Permanent Employees, Contract Employees; Natural death, Accidental d 10806177.00 L5
6 STAR UNION DAI-ICHI LIFE INSURANCE COMPANY LIMITED Item Categories : Group Term Insurance Service - Permanent Employees, Contract Employees; Natural death, Accidental d 11839438.00 L6

Ordered Items & Contract Pricing

Service Category Name Ordered Quantity Price
Group Term Insurance Service - Permanent Employees, Contract Employees; Natural death, Accidental death, Suicide, Animal bite, Pre-Existing Illnesses Group Term Insurance Service 984 ₹ 7310061.000
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