Group Term Insurance Service Permanent Employees, As Per Atc; Natural Death, Accidental Death, Su

Tender Details

Particulars	Details
Title	Group Term Insurance Service Permanent Employees, As Per Atc; Natural Death, Accidental Death, Su
Description
Organisation	REGIONAL RURAL BANKS \| Ministry of Finance
Tender Id	GEM/2025/B/6114572
Reference Number	-
Tender Fee	-
EMD	-
Tender Value	-
Place
Link	View Original Tender Notice https://bidplus.gem.gov.in/all-bids
Start Date	April 05, 2025 00:49
End Date	Expired 17/04/2025 Expired 548 days ago Search Similar tenders?

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Award of Contract & Bid Results

Tender Status: active

Additional Information: Average Turn Over of Last 3 Years: 400 Lakhs Experience with Gov. Required: Years Project Experience Required: No

Buyer Name: Sudheer Marskole

Ministry: Ministry Of Finance

Department: Regional Rural Banks

Organisation: Madhyanchal Gramin Bank

Technical Evaluation Results

S.No.	Seller Name	Participated On	MSE/MII Status	Status
1	ADITYA BIRLA SUN LIFE INSURANCE COMPANY LIMITED	17-04-2025 13:25:27	N/A	Qualified
2	AVIVA LIFE INSURANCE COMPANY INDIA LTD	17-04-2025 13:46:11	N/A	Qualified
3	BAJAJ ALLIANZ LIFE INSURANCE COMPANY LIMITED	17-04-2025 13:36:24	N/A	Qualified
4	HDFC LIFE INSURANCE COMPANY LIMITED	17-04-2025 13:14:50	N/A	Qualified
5	INDIAFIRST LIFE INSURANCE COMPANY LIMITED	17-04-2025 12:45:16	N/A	Qualified
6	Life Insurance Corporation of India	17-04-2025 13:09:28	N/A	Qualified
7	PRAMERICA LIFE INSURANCE LIMITED	16-04-2025 19:52:25	N/A	Qualified
8	SBI LIFE INSURANCE COMPANY LIMITED	17-04-2025 12:25:46	N/A	Qualified
9	SHRIRAM LIFE INSURANCE COMPANY LIMITED	17-04-2025 12:30:24	N/A	Qualified
10	STAR UNION DAI-ICHI LIFE INSURANCE COMPANY LIMITED	17-04-2025 12:00:45	N/A	Qualified

Financial Evaluation Results

S.No.	Seller Name	Offered Item	Total Price	Rank
1	INDIAFIRST LIFE INSURANCE COMPANY LIMITED	Item Categories : Group Term Insurance Service - Permanent Employees, As per ATC; Natural death, Accidental death, Su	6880332.00	L1
2	HDFC LIFE INSURANCE COMPANY LIMITED	Item Categories : Group Term Insurance Service - Permanent Employees, As per ATC; Natural death, Accidental death, Su	7133985.00	L2
3	SHRIRAM LIFE INSURANCE COMPANY LIMITED	Item Categories : Group Term Insurance Service - Permanent Employees, As per ATC; Natural death, Accidental death, Su	7197398.00	L3
4	PRAMERICA LIFE INSURANCE LIMITED	Item Categories : Group Term Insurance Service - Permanent Employees, As per ATC; Natural death, Accidental death, Su	7292518.00	L4
5	AVIVA LIFE INSURANCE COMPANY INDIA LTD	Item Categories : Group Term Insurance Service - Permanent Employees, As per ATC; Natural death, Accidental death, Su	7695192.00	L5
6	Life Insurance Corporation of India	Item Categories : Group Term Insurance Service - Permanent Employees, As per ATC; Natural death, Accidental death, Su	7863236.80	L6
7	BAJAJ ALLIANZ LIFE INSURANCE COMPANY LIMITED	Item Categories : Group Term Insurance Service - Permanent Employees, As per ATC; Natural death, Accidental death, Su	7894943.00	L7
8	STAR UNION DAI-ICHI LIFE INSURANCE COMPANY LIMITED	Item Categories : Group Term Insurance Service - Permanent Employees, As per ATC; Natural death, Accidental death, Su	7999258.00	L8
9	SBI LIFE INSURANCE COMPANY LIMITED	Item Categories : Group Term Insurance Service - Permanent Employees, As per ATC; Natural death, Accidental death, Su	8433956.00	L9
10	ADITYA BIRLA SUN LIFE INSURANCE COMPANY LIMITED	Item Categories : Group Term Insurance Service - Permanent Employees, As per ATC; Natural death, Accidental death, Su	9936848.00	L10

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