Tender Details

Particulars Details
Title
Group Term Insurance Service Salary Account Holders With Canara Bank; Natural Death, Accidental D
Description
Organisation Department of Financial Services | Ministry of Finance
Tender Id GEM/2024/B/4649114
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 17, 2024 01:12
End Date
Expired 11/03/2024

Expired 948 days ago

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Award of Contract & Bid Results

Awarded Contractor / Winner

HDFC LIFE INSURANCE COMPANY LIMITED

Contract Value

79572885

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 AVIVA LIFE INSURANCE COMPANY INDIA LTD 22-03-2024 14:59:52 N/A Disqualified
2 CANARA HSBC LIFE INSURANCE COMPANY LIMITED 19-03-2024 18:16:14 N/A Qualified
3 HDFC LIFE INSURANCE COMPANY LIMITED 22-03-2024 12:40:10 N/A Qualified
4 Life Insurance Corporation of India 18-03-2024 17:27:33 N/A Disqualified
5 SHRIRAM LIFE INSURANCE COMPANY LIMITED 18-03-2024 12:16:57 N/A Disqualified
6 TATA AIA LIFE INSURANCE COMPANY LIMITED 22-03-2024 14:53:12 N/A Qualified

Financial Evaluation Results

S.No. Seller Name Offered Item Total Price Rank
1 HDFC LIFE INSURANCE COMPANY LIMITED Item Categories : Group Term Insurance Service - Salary Account Holders with Canara Bank; Natural death, Accidental d 79572885.00 L1
2 CANARA HSBC LIFE INSURANCE COMPANY LIMITED Item Categories : Group Term Insurance Service - Salary Account Holders with Canara Bank; Natural death, Accidental d 98295916.00 L2
3 TATA AIA LIFE INSURANCE COMPANY LIMITED Item Categories : Group Term Insurance Service - Salary Account Holders with Canara Bank; Natural death, Accidental d 109763774.00 L3

Ordered Items & Contract Pricing

Service Category Name Ordered Quantity Price
Group Term Insurance Service - Salary Account Holders with Canara Bank; Natural death, Accidental death, Suicide, Animal bite, Pre-Existing Illnesses Group Term Insurance Service 1 ₹ 79572885.000
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