Tender Details

Particulars Details
Title
Group Term Insurance Service As Per Bid Document; As Per Bid Document
Description
Organisation POWER GRID Corporation OF INDIA Limited | Ministry of Power
Tender Id GEM/2024/B/4705135
Reference
Number
-
Tender Fee -
EMD -
Tender Value 2 Crore
Place
Link
View Original Tender Notice

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

Start Date March 09, 2024 23:03
End Date
Expired 19/03/2024

Expired 938 days ago

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Award of Contract & Bid Results

Awarded Contractor / Winner

STAR UNION DAI-ICHI LIFE INSURANCE COMPANY LIMITED

Contract Value

10577961

Tender Status: active
Additional Information: Average Turn Over of Last 3 Years: Lakhs Experience with Gov. Required: Years Project Experience Required: No
Buyer Name: Ashish Chaturvedi
Ministry: Ministry Of Power
Department: Power Grid Corporation Of India Limited
Organisation: Power Grid Corporation Of India Limited

Technical Evaluation Results

S.No. Seller Name Participated On MSE/MII Status Status
1 BAJAJ ALLIANZ LIFE INSURANCE COMPANY LIMITED 19-03-2024 16:28:36 N/A Qualified
2 Life Insurance Corporation of India 18-03-2024 19:32:57 N/A Qualified
3 SBI LIFE INSURANCE COMPANY LIMITED 19-03-2024 16:27:18 N/A Qualified
4 SHRIRAM LIFE INSURANCE COMPANY LIMITED 18-03-2024 21:55:23 N/A Qualified
5 STAR UNION DAI-ICHI LIFE INSURANCE COMPANY LIMITED 19-03-2024 15:31:14 N/A 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 - As per bid document; As per bid document 10577961.00 L1
2 BAJAJ ALLIANZ LIFE INSURANCE COMPANY LIMITED Item Categories : Group Term Insurance Service - As per bid document; As per bid document 12360042.00 L2
3 SHRIRAM LIFE INSURANCE COMPANY LIMITED Item Categories : Group Term Insurance Service - As per bid document; As per bid document 12499703.00 L3
4 Life Insurance Corporation of India Item Categories : Group Term Insurance Service - As per bid document; As per bid document 12569534.64 L4
5 SBI LIFE INSURANCE COMPANY LIMITED Item Categories : Group Term Insurance Service - As per bid document; As per bid document 13966149.60 L5

Ordered Items & Contract Pricing

Service Category Name Ordered Quantity Price
Group Term Insurance Service - As per bid document; As per bid document Group Term Insurance Service 1 ₹ 10577961.000
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