Tender Details

About Tender

πŸ”’ Secure Your Bid For Group Term Insurance Services πŸ”’ The Department Of Financial Services, Under The Ministry Of Finance, Is Calling For Bids To Provide Group Term Insurance Services For Its Permanent Employees. 🀝 πŸ—“οΈ Submission Deadline: June 10, 2024, 3:00 Pm Bids Should Encompass Comprehensive Coverage Plans For Both Natural Death And Accidental Death Scenarios, In Line With The Department's Requirements. Keywords: Group Term Insurance, Permanent Employees, Ministry Of Finance, Bid Submission, Insurance Services
Title
Group Term Insurance Service Permanent Employees; Natural Death, Accidental Death
Description
Organisation Department of Financial Services | Ministry of Finance
Tender Id GEM/2024/B/4954867
Reference
Number 		-
Tender Fee -
EMD -
Tender Value -
Place
Link
View Original Tender Notice

https://bidplus.gem.gov.in/all-bids
Start Date May 18, 2024 00:35
End Date
Expired 10/06/2024

Expired 865 days ago

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Award of Contract & Bid Results

Tender Status: active
Additional Information: Average Turn Over of Last 3 Years: 40 Lakhs Experience with Gov. Required: Years Project Experience Required: No
Buyer Name: Romil Krishna
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 AVIVA LIFE INSURANCE COMPANY INDIA LTD 10-06-2024 13:08:14 N/A Disqualified
2 BAJAJ ALLIANZ LIFE INSURANCE COMPANY LIMITED 12-06-2024 14:21:45 N/A Disqualified
3 HDFC LIFE INSURANCE COMPANY LIMITED 11-06-2024 13:47:14 N/A Qualified
4 Life Insurance Corporation of India 07-06-2024 22:18:53 N/A Disqualified
5 PRAMERICA LIFE INSURANCE LIMITED 10-06-2024 17:51:55 N/A Qualified
6 SBI LIFE INSURANCE COMPANY LIMITED 11-06-2024 13:07:05 N/A Disqualified

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; Natural death, Accidental death 503176.00 L1
2 HDFC LIFE INSURANCE COMPANY LIMITED Item Categories : Group Term Insurance Service - Permanent Employees; Natural death, Accidental death 1681500.00 L2

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