Tender Details

About Tender

🚦 Group Term Insurance Service For Permanent Employees 🚦 Hydro Power, Under The Ministry Of Power, Is Seeking Proposals For Its Group Term Insurance Service For Permanent Employees. This Service Includes Insurance Coverage For Motor Vehicle Advance And Other Related Benefits. 📅 Proposals Must Be Submitted By April 9, 2024, 1:00 Pm. Interested Insurance Providers Should Offer Competitive Rates And Comprehensive Coverage In Line With The Ministry's Guidelines And Standards. Keywords: Group Term Insurance, Hydro Power, Ministry Of Power, Employee Benefits, Motor Vehicle Insurance, Procurement Tender
Particulars Details
Title
Group Term Insurance Service Permanent Employees; Insurance Coverage Of Motor Vehicle Advance Und
Description
Organisation Hydro Power | Ministry of Power
Tender Id GEM/2024/B/4786101
Reference
Number 		-
Tender Fee -
EMD -
Tender Value -
Place
Link
View Original Tender Notice

https://bidplus.gem.gov.in/all-bids
Start Date March 18, 2024 17:52
End Date
Expired 09/04/2024

Expired 916 days ago

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Award of Contract & Bid Results

Awarded Contractor / Winner

STAR UNION DAI-ICHI LIFE INSURANCE COMPANY LIMITED

Contract Value

1573577

Tender Status: active
Additional Information: Average Turn Over of Last 3 Years: Lakhs Experience with Gov. Required: Years Project Experience Required: No
Buyer Name: Rajesh Kumar
Ministry: Ministry Of Power
Department: Hydro Power
Organisation: Nhpc Limited

Technical Evaluation Results

S.No. Seller Name Participated On MSE/MII Status Status
1 SBI LIFE INSURANCE COMPANY LIMITED 12-04-2024 14:07:23 N/A Qualified
2 STAR UNION DAI-ICHI LIFE INSURANCE COMPANY LIMITED 11-04-2024 18:07:41 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 - Permanent Employees; Insurance Coverage of Motor Vehicle Advance und 1573577.00 L1
2 SBI LIFE INSURANCE COMPANY LIMITED Item Categories : Group Term Insurance Service - Permanent Employees; Insurance Coverage of Motor Vehicle Advance und 2619590.00 L2

Ordered Items & Contract Pricing

Service Category Name Ordered Quantity Price
Group Term Insurance Service - Permanent Employees; Insurance Coverage of Motor Vehicle Advance under NHPC Employees MVA Group Insurance Scheme for a Period of One Year 24 May 2024 to 23 May 2025 Group Term Insurance Service 1 ₹ 1573577.000
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