Tender Details

This tender closed on 30 Apr 2024. 10 tenders like it are open now.

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About Tender

πŸ”’ Secure Your Bid For Hydro Power's Assets Insurance πŸ”’ Hydro Power, Under The Ministry Of Power, Is Seeking Bids For The Renewal Of Its Industrial All Risk (Iar) Insurance Policy. πŸ—οΈπŸ”’ πŸ“… Bid Submission Deadline: April 30, 2024, 2:00 Pm Insurance Service Providers With Expertise In Comprehensive 'All Risk' Policies Are Invited To Submit Detailed Bids, Outlining Their Coverage And Terms, To Safeguard Hydro Power's Valuable Assets. Keywords: Assets Insurance, Hydro Power, Ministry Of Power, All Risk Policy, Industrial All Risk Insurance, Bid Submission
Title
Assets Insurance Service All Risk Policy, Renewal Of Industrial All Risk Iar Insurance Policy For
Description
Organisation Hydro Power | Ministry of Power
Tender Id GEM/2024/B/4831437
Reference
Number 		-
Tender Fee -
EMD -
Tender Value 2 Crore
Place
Link
View Original Tender Notice

https://bidplus.gem.gov.in/all-bids
Start Date April 02, 2024 18:22
End Date
Expired 30/04/2024

Expired 919 days ago

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Award of Contract & Bid Results

Awarded Contractor / Winner

UNITED INDIA INSURANCE COMPANY LIMITED

Contract Value

312700000

Tender Status: active
Additional Information: Average Turn Over of Last 3 Years: Lakhs Experience with Gov. Required: Years Project Experience Required: No
Buyer Name: Nyanbemo Kithan
Ministry: Ministry Of Power
Department: Hydro Power
Organisation: North Eastern Electric Power Corporation Limited

Technical Evaluation Results

S.No. Seller Name Participated On MSE/MII Status Status
1 GO DIGIT GENERAL INSURANCE LIMITED 10-05-2024 12:11:19 N/A Disqualified
2 ICICI LOMBARD GENERAL INSURANCE COMPANY LIMITED 09-05-2024 19:57:50 N/A Qualified
3 NATIONAL INSURANCE COMPANY LIMITED 10-05-2024 13:04:50 N/A Qualified
4 RELIANCE GENERAL INSURANCE COMPANY LIMITED 10-05-2024 12:26:15 N/A Qualified
5 THE NEW INDIA ASSURANCE COMPANY LIMITED 10-05-2024 12:28:50 N/A Qualified
6 THE ORIENTAL INSURANCE COMPANY LIMITED 10-05-2024 13:28:28 N/A Qualified
7 UNITED INDIA INSURANCE COMPANY LIMITED 10-05-2024 11:32:43 N/A Qualified
8 UNIVERSAL SOMPO GENERAL INSURANCE COMPANY LIMITED 10-05-2024 13:49:04 N/A Disqualified

Financial Evaluation Results

S.No. Seller Name Offered Item Total Price Rank
1 UNITED INDIA INSURANCE COMPANY LIMITED Item Categories : Assets Insurance Service - All Risk Policy, Renewal of Industrial All Risk IAR Insurance Policy for 346015366.00 L1
2 THE NEW INDIA ASSURANCE COMPANY LIMITED Item Categories : Assets Insurance Service - All Risk Policy, Renewal of Industrial All Risk IAR Insurance Policy for 371266115.00 L2
3 THE ORIENTAL INSURANCE COMPANY LIMITED Item Categories : Assets Insurance Service - All Risk Policy, Renewal of Industrial All Risk IAR Insurance Policy for 375427527.35 L3
4 NATIONAL INSURANCE COMPANY LIMITED Item Categories : Assets Insurance Service - All Risk Policy, Renewal of Industrial All Risk IAR Insurance Policy for 381575531.97 L4
5 ICICI LOMBARD GENERAL INSURANCE COMPANY LIMITED Item Categories : Assets Insurance Service - All Risk Policy, Renewal of Industrial All Risk IAR Insurance Policy for 388567373.00 L5
6 RELIANCE GENERAL INSURANCE COMPANY LIMITED Item Categories : Assets Insurance Service - All Risk Policy, Renewal of Industrial All Risk IAR Insurance Policy for 391326802.00 L6

Ordered Items & Contract Pricing

Service Category Name Ordered Quantity Price
Assets Insurance Service - All Risk Policy, Renewal of Industrial All Risk IAR Insurance Policy for the Assets of Kameng Hydro Power Station 600 MW KaHPS West Kameng District Arunachal Pradesh for a period of 1one year wef 17062024; Property Damage C.. Assets Insurance Service 1 β‚Ή 312700000.000

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