Tender Details

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 533 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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