Tender Details

Particulars Details
Title
Custom Bid For Services Selection Of Insurer For Group Term Life Insurance Policy For Canara Bank
Description
Organisation Department of Financial Services | Ministry of Finance
Tender Id GEM/2023/B/4277411
Reference
Number
-
Tender Fee -
EMD -
Tender Value 2 Crore
Place
Link
View Original Tender Notice

https://gem.gov.in/

Start Date December 02, 2023 21:57
End Date
Expired 27/12/2023

Expired 1026 days ago

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Award of Contract & Bid Results

Awarded Contractor / Winner

CANARA HSBC LIFE INSURANCE COMPANY LIMITED

Contract Value

264905988

Tender Status: active
Additional Information: Average Turn Over of Last 3 Years: Lakhs Experience with Gov. Required: Years Project Experience Required: No
Buyer Name: B K Pradeep Kumar Reddy
Ministry: Ministry Of Finance
Department: Department Of Financial Services
Organisation: Canara Bank

Technical Evaluation Results

S.No. Seller Name Participated On MSE/MII Status Status
1 ADITYA BIRLA SUN LIFE INSURANCE COMPANY LIMITED 27-12-2023 14:37:02 N/A Qualified
2 BAJAJ ALLIANZ LIFE INSURANCE COMPANY LIMITED 04-01-2024 11:33:46 N/A Qualified
3 CANARA HSBC LIFE INSURANCE COMPANY LIMITED 04-01-2024 11:21:20 N/A Qualified
4 TATA AIA LIFE INSURANCE COMPANY LIMITED 04-01-2024 11:57:50 N/A Disqualified

Financial Evaluation Results

S.No. Seller Name Offered Item Total Price Rank
1 CANARA HSBC LIFE INSURANCE COMPANY LIMITED Item Categories : Custom Bid for Services - Selection of Insurer for Group Term Life Insurance Policy For Canara Bank 264905988.00 L1
2 BAJAJ ALLIANZ LIFE INSURANCE COMPANY LIMITED Item Categories : Custom Bid for Services - Selection of Insurer for Group Term Life Insurance Policy For Canara Bank 492648912.00 L2
3 ADITYA BIRLA SUN LIFE INSURANCE COMPANY LIMITED Item Categories : Custom Bid for Services - Selection of Insurer for Group Term Life Insurance Policy For Canara Bank 535148212.00 L3

Ordered Items & Contract Pricing

Service Category Name Ordered Quantity Price
Custom Bid for Services - Selection of Insurer for Group Term Life Insurance Policy For Canara Bank Employees for a Period of One Year From 01022024 to 31012025 Custom Bid for Services 1 ₹ 264905988.000
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