Tender Details
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| Particulars | Details |
|---|---|
| Title |
Assets Insurance Service Mega Risk Insurance, Terrorism Insurance, Money Insurance, Standard Fire
|
| Description |
|
| Organisation | Department of Economic Affairs | Ministry of Finance |
| Tender Id | GEM/2025/B/5973344 |
|
Reference Number |
- |
| Tender Fee | - |
| EMD | - |
| Tender Value | 2 Crore |
| Place | |
| Link |
View Original Tender Notice
https://bidplus.gem.gov.in/all-bids |
| Start Date | February 27, 2025 18:22 |
| End Date |
Expired
10/03/2025
Expired 581 days ago |
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Award of Contract & Bid Results
Awarded Contractor / Winner
THE ORIENTAL INSURANCE COMPANY LIMITED
Contract Value
114780041
Tender Status:
active
Additional Information:
Average Turn Over of Last 3 Years: 335 Lakhs
Experience with Gov. Required: Years
Project Experience Required: Yes
Buyer Name:
Shashank Meena
Ministry:
Ministry Of Finance
Department:
Department Of Economic Affairs
Organisation:
Security Printing And Minting Corporation Of India Limited (spmcil)
Technical Evaluation Results
| S.No. | Seller Name | Participated On | EMD Status | MSE/MII Status | Status |
|---|---|---|---|---|---|
| 1 | BAJAJ ALLIANZ GENERAL INSURANCE COMPANY LIMITED | 13-03-2025 14:48:41 | Turnover >= 500 Cr. | N/A | Qualified |
| 2 | CHOLAMANDALAM MS GENERAL INSURANCE COMPANY LIMITED | 13-03-2025 14:55:14 | Turnover >= 500 Cr. | N/A | Disqualified |
| 3 | FUTURE GENERALI INDIA INSURANCE COMPANY LIMITED | 13-03-2025 11:39:37 | Registered with designated Agency / Authority | N/A | Qualified |
| 4 | GO DIGIT GENERAL INSURANCE LIMITED | 13-03-2025 13:56:53 | Registered with designated Agency / Authority | N/A | Qualified |
| 5 | HDFC ERGO GENERAL INSURANCE COMPANY LIMITED | 13-03-2025 14:20:34 | Turnover >= 500 Cr. | N/A | Qualified |
| 6 | ICICI LOMBARD GENERAL INSURANCE COMPANY LIMITED | 13-03-2025 13:21:27 | Turnover >= 500 Cr. | N/A | Qualified |
| 7 | IFFCO-TOKIO GENERAL INSURANCE COMPANY LIMITED | 12-03-2025 19:55:04 | Turnover >= 500 Cr. | N/A | Qualified |
| 8 | NATIONAL INSURANCE COMPANY LIMITED | 12-03-2025 20:27:30 | Central / State PSUs | N/A | Qualified |
| 9 | RELIANCE GENERAL INSURANCE COMPANY LIMITED | 13-03-2025 14:43:33 | Turnover >= 500 Cr. | N/A | Qualified |
| 10 | SBI GENERAL INSURANCE COMPANY LIMITED | 13-03-2025 13:22:23 | Registered with designated Agency / Authority | N/A | Qualified |
| 11 | TATA AIG GENERAL INSURANCE COMPANY LIMITED | 13-03-2025 13:58:19 | Turnover >= 500 Cr. | N/A | Qualified |
| 12 | THE NEW INDIA ASSURANCE COMPANY LIMITED | 13-03-2025 14:52:20 | Central / State PSUs | N/A | Qualified |
| 13 | THE ORIENTAL INSURANCE COMPANY LIMITED | 13-03-2025 13:40:40 | Central / State PSUs | N/A | Qualified |
| 14 | UNITED INDIA INSURANCE COMPANY LIMITED | 13-03-2025 12:45:51 | Central / State PSUs | N/A | Qualified |
Financial Evaluation Results
| S.No. | Seller Name | Offered Item | Total Price | Rank |
|---|---|---|---|---|
| 1 | THE ORIENTAL INSURANCE COMPANY LIMITED | Item Categories : Assets Insurance Service - Mega Risk Insurance, Terrorism Insurance, Money Insurance, Standard fire | 114780041.00 | L1 |
| 2 | BAJAJ ALLIANZ GENERAL INSURANCE COMPANY LIMITED | Item Categories : Assets Insurance Service - Mega Risk Insurance, Terrorism Insurance, Money Insurance, Standard fire | 141296325.00 | L2 |
| 3 | ICICI LOMBARD GENERAL INSURANCE COMPANY LIMITED | Item Categories : Assets Insurance Service - Mega Risk Insurance, Terrorism Insurance, Money Insurance, Standard fire | 151995396.00 | L3 |
| 4 | NATIONAL INSURANCE COMPANY LIMITED | Item Categories : Assets Insurance Service - Mega Risk Insurance, Terrorism Insurance, Money Insurance, Standard fire | 156989294.00 | L4 |
| 5 | RELIANCE GENERAL INSURANCE COMPANY LIMITED | Item Categories : Assets Insurance Service - Mega Risk Insurance, Terrorism Insurance, Money Insurance, Standard fire | 158975057.50 | L5 |
| 6 | THE NEW INDIA ASSURANCE COMPANY LIMITED | Item Categories : Assets Insurance Service - Mega Risk Insurance, Terrorism Insurance, Money Insurance, Standard fire | 159129652.00 | L6 |
| 7 | TATA AIG GENERAL INSURANCE COMPANY LIMITED | Item Categories : Assets Insurance Service - Mega Risk Insurance, Terrorism Insurance, Money Insurance, Standard fire | 159762562.00 | L7 |
| 8 | GO DIGIT GENERAL INSURANCE LIMITED | Item Categories : Assets Insurance Service - Mega Risk Insurance, Terrorism Insurance, Money Insurance, Standard fire | 160080547.00 | L8 |
| 9 | HDFC ERGO GENERAL INSURANCE COMPANY LIMITED | Item Categories : Assets Insurance Service - Mega Risk Insurance, Terrorism Insurance, Money Insurance, Standard fire | 160140583.00 | L9 |
| 10 | IFFCO-TOKIO GENERAL INSURANCE COMPANY LIMITED | Item Categories : Assets Insurance Service - Mega Risk Insurance, Terrorism Insurance, Money Insurance, Standard fire | 164915767.00 | L10 |
| 11 | SBI GENERAL INSURANCE COMPANY LIMITED | Item Categories : Assets Insurance Service - Mega Risk Insurance, Terrorism Insurance, Money Insurance, Standard fire | 166675557.00 | L11 |
| 12 | UNITED INDIA INSURANCE COMPANY LIMITED | Item Categories : Assets Insurance Service - Mega Risk Insurance, Terrorism Insurance, Money Insurance, Standard fire | 196087028.00 | L12 |
| 13 | FUTURE GENERALI INDIA INSURANCE COMPANY LIMITED | Item Categories : Assets Insurance Service - Mega Risk Insurance, Terrorism Insurance, Money Insurance, Standard fire | 205891379.00 | L13 |
Ordered Items & Contract Pricing
| Service | Category Name | Ordered Quantity | Price |
|---|---|---|---|
| Assets Insurance Service - Mega Risk Insurance, Terrorism Insurance, Money Insurance, Standard fire special perils griha suraksha policy terrorism with war sabotage burglary including theft money including fidelity Directors Officers Liability; Stand.. | Assets Insurance Service | 1 | ₹ 114780041.000 |
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