Tender Details

Particulars Details
Title
Assets Insurance Service Mega Risk Policy Including Terrorism Third Party Liability Policy For N
Description
Organisation Hydro Power | Ministry of Power
Tender Id GEM/2025/B/6052158
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 13, 2025 00:29
End Date
Expired 19/03/2025

Expired 531 days ago

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Award of Contract & Bid Results

Awarded Contractor / Winner

THE NEW INDIA ASSURANCE COMPANY LIMITED

Contract Value

8260003573

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

Technical Evaluation Results

S.No. Seller Name Participated On MSE/MII Status Status
1 BAJAJ ALLIANZ GENERAL INSURANCE COMPANY LIMITED 19-03-2025 18:31:52 N/A Qualified
2 ICICI LOMBARD GENERAL INSURANCE COMPANY LIMITED 19-03-2025 18:10:13 N/A Qualified
3 NATIONAL INSURANCE COMPANY LIMITED 19-03-2025 18:17:00 N/A Qualified
4 THE NEW INDIA ASSURANCE COMPANY LIMITED 19-03-2025 17:37:12 N/A Qualified
5 THE ORIENTAL INSURANCE COMPANY LIMITED 19-03-2025 17:58:25 N/A Qualified
6 UNITED INDIA INSURANCE COMPANY LIMITED 19-03-2025 18:35:39 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 Policy including Terrorism Third Party Liability Policy for N 8578310751.00 L1
2 BAJAJ ALLIANZ GENERAL INSURANCE COMPANY LIMITED Item Categories : Assets Insurance Service - Mega Risk Policy including Terrorism Third Party Liability Policy for N 9245791121.00 L2
3 THE ORIENTAL INSURANCE COMPANY LIMITED Item Categories : Assets Insurance Service - Mega Risk Policy including Terrorism Third Party Liability Policy for N 9478952986.00 L3
4 ICICI LOMBARD GENERAL INSURANCE COMPANY LIMITED Item Categories : Assets Insurance Service - Mega Risk Policy including Terrorism Third Party Liability Policy for N 9707971758.00 L4
5 NATIONAL INSURANCE COMPANY LIMITED Item Categories : Assets Insurance Service - Mega Risk Policy including Terrorism Third Party Liability Policy for N 9844794499.00 L5
6 UNITED INDIA INSURANCE COMPANY LIMITED Item Categories : Assets Insurance Service - Mega Risk Policy including Terrorism Third Party Liability Policy for N 9873513442.00 L6

Ordered Items & Contract Pricing

Service Category Name Ordered Quantity Price
Assets Insurance Service - Mega Risk Policy including Terrorism Third Party Liability Policy for NHPC Power Stations For one year wef 01 April 2025 to 31 March 2026; Mega Cover; Optional Assets Insurance Service 1 ₹ 5875666698.000
Assets Insurance Service - Mega Risk Policy including Terrorism Third Party Liability Policy for NHPC Power Stations For one year wef 01 April 2025 to 31 March 2026; Earthquake; Optional Assets Insurance Service 1 ₹ 392024733.000
Assets Insurance Service - Mega Risk Policy including Terrorism Third Party Liability Policy for NHPC Power Stations For one year wef 01 April 2025 to 31 March 2026; MBD (Machinery breakdown) Cover; Optional Assets Insurance Service 1 ₹ 886240375.000
Assets Insurance Service - Mega Risk Policy including Terrorism Third Party Liability Policy for NHPC Power Stations For one year wef 01 April 2025 to 31 March 2026; Business Interruption that is for 18 months; Optional Assets Insurance Service 1 ₹ 1088622169.000
Assets Insurance Service - Mega Risk Policy including Terrorism Third Party Liability Policy for NHPC Power Stations For one year wef 01 April 2025 to 31 March 2026; Terrorism Cover; Optional Assets Insurance Service 1 ₹ 14033498.000
Assets Insurance Service - Mega Risk Policy including Terrorism Third Party Liability Policy for NHPC Power Stations For one year wef 01 April 2025 to 31 March 2026; Third party liability cover for Property Damage; Optional Assets Insurance Service 1 ₹ 2562075.000
Assets Insurance Service - Mega Risk Policy including Terrorism Third Party Liability Policy for NHPC Power Stations For one year wef 01 April 2025 to 31 March 2026; Third party liability cover for Bodily Injury or Loss of Life; Optional Assets Insurance Service 1 ₹ 854025.000
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