Tender Details

About Tender

🔒 Secure Your Bid For Group Term Insurance Services 🔒 The Department Of Financial Services, Ministry Of Finance, Is Calling For Bids To Provide Group Term Insurance Services For Its Permanent Employees And Office Staff. 👥 🗓️ Deadline: July 11, 2024, 5:00 Pm The Bid Should Encompass Comprehensive Coverage For Accidental Death And Natural Death, With A Focus On Delivering Reliable And Efficient Services. Keywords: Group Term Insurance, Ministry Of Finance, Employee Benefits, Insurance Services, Bid Submission
Particulars Details
Title
Group Term Insurance Service Permanent Employees, Office Staff; Accidental Death, Natural Death,
Description
Organisation Department of Financial Services | Ministry of Finance
Tender Id GEM/2024/B/5072386
Reference
Number
-
Tender Fee -
EMD -
Tender Value -
Place
Link
View Original Tender Notice

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

Start Date June 20, 2024 22:17
End Date
Expired 11/07/2024

Expired 826 days ago

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Award of Contract & Bid Results

Awarded Contractor / Winner

Life Insurance Corporation of India

Contract Value

12402085

Tender Status: active
Additional Information: Average Turn Over of Last 3 Years: Lakhs Experience with Gov. Required: Years Project Experience Required: No
Buyer Name: Vikash Kumar Sharma
Ministry: Ministry Of Finance
Department: Department Of Financial Services
Organisation: Punjab And Sind Bank

Technical Evaluation Results

S.No. Seller Name Participated On MSE/MII Status Status
1 HDFC LIFE INSURANCE COMPANY LIMITED 11-07-2024 16:42:03 N/A Disqualified
2 Life Insurance Corporation of India 10-07-2024 18:08:27 N/A Qualified
3 MAX LIFE INSURANCE COMPANY LIMITED 11-07-2024 16:57:58 N/A Disqualified
4 SBI LIFE INSURANCE COMPANY LIMITED 11-07-2024 13:26:57 N/A Disqualified
5 SHRIRAM LIFE INSURANCE COMPANY LIMITED 11-07-2024 10:45:07 N/A Qualified
6 TATA AIA LIFE INSURANCE COMPANY LIMITED 11-07-2024 16:32:19 N/A Qualified

Financial Evaluation Results

S.No. Seller Name Offered Item Total Price Rank
1 Life Insurance Corporation of India Item Categories : Group Term Insurance Service - Permanent Employees, Office Staff; Accidental death, Natural death, 12402085.00 L1
2 SHRIRAM LIFE INSURANCE COMPANY LIMITED Item Categories : Group Term Insurance Service - Permanent Employees, Office Staff; Accidental death, Natural death, 12521334.00 L2
3 TATA AIA LIFE INSURANCE COMPANY LIMITED Item Categories : Group Term Insurance Service - Permanent Employees, Office Staff; Accidental death, Natural death, 16563476.00 L3

Ordered Items & Contract Pricing

Service Category Name Ordered Quantity Price
Group Term Insurance Service - Permanent Employees, Office Staff; Accidental death, Natural death, Suicide, Animal bite, 500000 Group Term Insurance Service 10106 ₹ 12402085.000
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