Tender Details

Particulars Details
Title
Assets Insurance Service Mega Risk Insurance, Terrorism Insurance, Electronic Equipment Insurance
Description
Organisation Rashtriya Ispat Nigam Limited | Ministry of Steel
Tender Id GEM/2024/B/4571372
Reference
Number
-
Tender Fee -
EMD -
Tender Value 2 Crore
Place
Link
View Original Tender Notice

https://bidplus.gem.gov.in/all-bids

Start Date February 02, 2024 20:54
End Date
Expired 16/02/2024

Expired 969 days ago

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Award of Contract & Bid Results

Awarded Contractor / Winner

THE NEW INDIA ASSURANCE COMPANY LIMITED

Contract Value

756978027

Tender Status: active
Additional Information: Average Turn Over of Last 3 Years: Lakhs Experience with Gov. Required: Years Project Experience Required: No
Buyer Name: Rajulapati Tulasi Ram
Ministry: Ministry Of Steel
Department: Rashtriya Ispat Nigam Limited
Organisation: Rashtriya Ispat Nigam Limited

Technical Evaluation Results

S.No. Seller Name Participated On MSE/MII Status Status
1 BAJAJ ALLIANZ GENERAL INSURANCE COMPANY LIMITED 01-03-2024 11:52:55 N/A Qualified
2 GO DIGIT GENERAL INSURANCE LIMITED 05-03-2024 13:49:29 N/A Qualified
3 HDFC ERGO GENERAL INSURANCE COMPANY LIMITED 04-03-2024 17:12:23 N/A Qualified
4 ICICI LOMBARD GENERAL INSURANCE COMPANY LIMITED 05-03-2024 11:41:30 N/A Qualified
5 IFFCO-TOKIO GENERAL INSURANCE COMPANY LIMITED 05-03-2024 15:05:24 N/A Qualified
6 NATIONAL INSURANCE COMPANY LIMITED 04-03-2024 16:19:16 N/A Qualified
7 RELIANCE GENERAL INSURANCE COMPANY LIMITED 05-03-2024 11:53:40 N/A Disqualified
8 SBI GENERAL INSURANCE COMPANY LIMITED 04-03-2024 15:39:45 N/A Qualified
9 TATA AIG GENERAL INSURANCE COMPANY LIMITED 05-03-2024 15:39:09 N/A Qualified
10 THE NEW INDIA ASSURANCE COMPANY LIMITED 04-03-2024 13:55:20 N/A Qualified
11 THE ORIENTAL INSURANCE COMPANY LIMITED 04-03-2024 16:14:34 N/A Qualified
12 UNITED INDIA INSURANCE COMPANY LIMITED 04-03-2024 15:59:17 N/A Qualified

Financial Evaluation Results

S.No. Seller Name Offered Item Total Price Rank
1 THE NEW INDIA ASSURANCE COMPANY LIMITED Item Categories : Assets Insurance Service - Mega Risk Insurance, Terrorism Insurance, Electronic Equipment Insurance 651473887.29 L1
2 HDFC ERGO GENERAL INSURANCE COMPANY LIMITED Item Categories : Assets Insurance Service - Mega Risk Insurance, Terrorism Insurance, Electronic Equipment Insurance 656859227.97 L2
3 THE ORIENTAL INSURANCE COMPANY LIMITED Item Categories : Assets Insurance Service - Mega Risk Insurance, Terrorism Insurance, Electronic Equipment Insurance 663269675.42 L3
4 ICICI LOMBARD GENERAL INSURANCE COMPANY LIMITED Item Categories : Assets Insurance Service - Mega Risk Insurance, Terrorism Insurance, Electronic Equipment Insurance 667871543.22 L4
5 NATIONAL INSURANCE COMPANY LIMITED Item Categories : Assets Insurance Service - Mega Risk Insurance, Terrorism Insurance, Electronic Equipment Insurance 678523790.68 L5
6 BAJAJ ALLIANZ GENERAL INSURANCE COMPANY LIMITED Item Categories : Assets Insurance Service - Mega Risk Insurance, Terrorism Insurance, Electronic Equipment Insurance 687265614.29 L6
7 TATA AIG GENERAL INSURANCE COMPANY LIMITED Item Categories : Assets Insurance Service - Mega Risk Insurance, Terrorism Insurance, Electronic Equipment Insurance 734219269.49 L7
8 GO DIGIT GENERAL INSURANCE LIMITED Item Categories : Assets Insurance Service - Mega Risk Insurance, Terrorism Insurance, Electronic Equipment Insurance 741911652.54 L8
9 SBI GENERAL INSURANCE COMPANY LIMITED Item Categories : Assets Insurance Service - Mega Risk Insurance, Terrorism Insurance, Electronic Equipment Insurance 745059956.00 L9
10 IFFCO-TOKIO GENERAL INSURANCE COMPANY LIMITED Item Categories : Assets Insurance Service - Mega Risk Insurance, Terrorism Insurance, Electronic Equipment Insurance 753004894.92 L10
11 UNITED INDIA INSURANCE COMPANY LIMITED Item Categories : Assets Insurance Service - Mega Risk Insurance, Terrorism Insurance, Electronic Equipment Insurance 1525423728.82 L11

Ordered Items & Contract Pricing

Service Category Name Ordered Quantity Price
Assets Insurance Service - Mega Risk Insurance, Terrorism Insurance, Electronic Equipment Insurance, Money Insurance, All Risk Policy, As Per Bid Doc ATC; Property Damage Cover, Standard Fire & Special Perils Cover, Storm, Typhoon, Hurricane, Tornado.. Assets Insurance Service 1 ₹ 678414372.000
Liability Insurance Service - Public Liability Act Industrial Risk Liability Insurance Service 1 ₹ 1115100.000
Marine and Transit Insurance Service - Cash-in-Transit, Marine Cargo Exports/Imports, Inland Transit, Marine Cargo Inland, As per Bid doc ATC; Land, Sea, Air Marine and Transit Insurance Service 1 ₹ 77448555.000
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