Tender Details

About Tender

🛡️ Group Term Insurance For Permanent Employees Of Gail India Limited 🛡️ Gail India Limited, Under The Aegis Of The Ministry Of Petroleum And Natural Gas, Is Seeking Proposals For Its Group Term Insurance Service For Permanent Employees. 👨‍💼👩‍💼 🗓️ Deadline: April 3, 2024, 3:00 Pm This Service Encompasses Coverage For Natural Death, Accidental Death, And Suicide, With Comprehensive Terms And Conditions As Per The Policy. Interested Parties Should Submit Detailed Proposals Before The Specified Deadline. Keywords: Group Term Insurance, Gail India Limited, Permanent Employees, Ministry Of Petroleum And Natural Gas, Insurance Services, Procurement Tender
Particulars Details
Title
Group Term Insurance Service Permanent Employees; Natural Death, Accidental Death, Suicide, Anima
Description
Organisation GAIL India Limited | Ministry of Petroleum and Natural Gas
Tender Id GEM/2024/B/4809114
Reference
Number 		-
Tender Fee -
EMD -
Tender Value -
Place
Link
View Original Tender Notice

https://bidplus.gem.gov.in/all-bids
Start Date March 22, 2024 17:05
End Date
Expired 03/04/2024

Expired 906 days ago

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Award of Contract & Bid Results

Awarded Contractor / Winner

STAR UNION DAI-ICHI LIFE INSURANCE COMPANY LIMITED

Contract Value

6633103

Tender Status: active
Additional Information: Average Turn Over of Last 3 Years: Lakhs Experience with Gov. Required: Years Project Experience Required: No
Buyer Name: Karthesh P
Ministry: Ministry Of Petroleum And Natural Gas
Department: Gail India Limited
Organisation: Gail India Limited

Technical Evaluation Results

S.No. Seller Name Participated On EMD Status Status
1 BAJAJ ALLIANZ LIFE INSURANCE COMPANY LIMITED 07-04-2024 20:30:21 Offline upload Disqualified
2 SBI LIFE INSURANCE COMPANY LIMITED 08-04-2024 14:12:40 Offline upload Qualified
3 SHRIRAM LIFE INSURANCE COMPANY LIMITED 03-04-2024 12:26:55 Offline upload Qualified
4 STAR UNION DAI-ICHI LIFE INSURANCE COMPANY LIMITED 04-04-2024 13:12:20 Turnover >= 500 Cr. Qualified

Financial Evaluation Results

S.No. Seller Name Offered Item Total Price Rank
1 STAR UNION DAI-ICHI LIFE INSURANCE COMPANY LIMITED Item Categories : Group Term Insurance Service - Permanent Employees; Natural death, Accidental death, Suicide, Anima 6450973.73 L1
2 SBI LIFE INSURANCE COMPANY LIMITED Item Categories : Group Term Insurance Service - Permanent Employees; Natural death, Accidental death, Suicide, Anima 6783810.18 L2
3 SHRIRAM LIFE INSURANCE COMPANY LIMITED Item Categories : Group Term Insurance Service - Permanent Employees; Natural death, Accidental death, Suicide, Anima 9343738.78 L3

Ordered Items & Contract Pricing

Service Category Name Ordered Quantity Price
Group Term Insurance Service - Permanent Employees; Natural death, Accidental death, Suicide, Animal bite, Pre-Existing Illnesses, AS PER TENDER DOCUMENT Group Term Insurance Service 5128 ₹ 6633103.000
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