Tender Details

Particulars Details
Title
Assets Insurance Service Mega Risk Insurance; Standard Fire & Special Perils Cover; Optional,Asse
Description
Organisation POWER GRID Corporation OF INDIA Limited | Ministry of Power
Tender Id GEM/2023/B/3749589
Reference
Number
-
Tender Fee -
EMD -
Tender Value 2 Crore
Place
Link
View Original Tender Notice

https://gem.gov.in/

Start Date August 03, 2023 23:55
End Date
Expired 16/08/2023

Expired 1106 days ago

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Award of Contract & Bid Results

Awarded Contractor / Winner

THE NEW INDIA ASSURANCE COMPANY LIMITED

Contract Value

1482002883.73

Tender Status: active
Additional Information: Average Turn Over of Last 3 Years: Lakhs Experience with Gov. Required: Years Project Experience Required: No
Buyer Name: Anupam Kumar
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 GENERAL INSURANCE COMPANY LIMITED 16-08-2023 14:31:36 N/A Qualified
2 FUTURE GENERALI INDIA INSURANCE COMPANY LIMITED 16-08-2023 14:34:07 N/A Qualified
3 GO DIGIT GENERAL INSURANCE LIMITED 16-08-2023 14:26:03 N/A Qualified
4 ICICI LOMBARD GENERAL INSURANCE COMPANY LIMITED 16-08-2023 13:20:28 N/A Qualified
5 IFFCO-TOKIO GENERAL INSURANCE COMPANY LIMITED 16-08-2023 11:05:29 N/A Qualified
6 NATIONAL INSURANCE COMPANY LIMITED 16-08-2023 13:32:53 N/A Disqualified
7 RELIANCE GENERAL INSURANCE COMPANY LIMITED 15-08-2023 19:07:13 N/A Qualified
8 SBI GENERAL INSURANCE COMPANY LIMITED 16-08-2023 12:02:55 N/A Qualified
9 TATA AIG GENERAL INSURANCE COMPANY LIMITED 16-08-2023 14:16:19 N/A Qualified
10 THE NEW INDIA ASSURANCE COMPANY LIMITED 15-08-2023 15:45:27 N/A Qualified
11 THE ORIENTAL INSURANCE COMPANY LIMITED 16-08-2023 14:13:18 N/A Disqualified
12 UNITED INDIA INSURANCE COMPANY LIMITED 16-08-2023 12:45:48 N/A Disqualified

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; Standard Fire & Special Perils Cover; Optional,Asse 1482002883.73 L1
2 ICICI LOMBARD GENERAL INSURANCE COMPANY LIMITED Item Categories : Assets Insurance Service - Mega Risk Insurance; Standard Fire & Special Perils Cover; Optional,Asse 1517675759.48 L2
3 IFFCO-TOKIO GENERAL INSURANCE COMPANY LIMITED Item Categories : Assets Insurance Service - Mega Risk Insurance; Standard Fire & Special Perils Cover; Optional,Asse 1532984736.05 L3
4 BAJAJ ALLIANZ GENERAL INSURANCE COMPANY LIMITED Item Categories : Assets Insurance Service - Mega Risk Insurance; Standard Fire & Special Perils Cover; Optional,Asse 1538942626.00 L4
5 TATA AIG GENERAL INSURANCE COMPANY LIMITED Item Categories : Assets Insurance Service - Mega Risk Insurance; Standard Fire & Special Perils Cover; Optional,Asse 1541013443.03 L5
6 RELIANCE GENERAL INSURANCE COMPANY LIMITED Item Categories : Assets Insurance Service - Mega Risk Insurance; Standard Fire & Special Perils Cover; Optional,Asse 1549428788.48 L6
7 SBI GENERAL INSURANCE COMPANY LIMITED Item Categories : Assets Insurance Service - Mega Risk Insurance; Standard Fire & Special Perils Cover; Optional,Asse 1551755297.78 L7
8 FUTURE GENERALI INDIA INSURANCE COMPANY LIMITED Item Categories : Assets Insurance Service - Mega Risk Insurance; Standard Fire & Special Perils Cover; Optional,Asse 1586576221.53 L8
9 GO DIGIT GENERAL INSURANCE LIMITED Item Categories : Assets Insurance Service - Mega Risk Insurance; Standard Fire & Special Perils Cover; Optional,Asse 2164242075.00 L9

Ordered Items & Contract Pricing

Service Category Name Ordered Quantity Price
Assets Insurance Service - Mega Risk Insurance; Business Interruption (Loss of Profit) Cover; Optional Assets Insurance Service 1 ₹ 88705552.880
Assets Insurance Service - Mega Risk Insurance; Standard Fire & Special Perils Cover; Optional Assets Insurance Service 1 ₹ 404974514.810
Assets Insurance Service - Mega Risk Insurance; Earthquake Cover; Optional Assets Insurance Service 1 ₹ 2138512.080
Assets Insurance Service - Mega Risk Insurance; Business Interruption (Loss of Profit) Cover; Optional Assets Insurance Service 1 ₹ 95739473.370
Assets Insurance Service - Mega Risk Insurance; Standard Fire & Special Perils Cover; Optional Assets Insurance Service 1 ₹ 7005858.030
Assets Insurance Service - Mega Risk Insurance; Theft/Burglary Cover; Optional Assets Insurance Service 1 ₹ 1448811.220
Assets Insurance Service - Mega Risk Insurance; Earthquake Cover; Optional Assets Insurance Service 1 ₹ 77307433.770
Assets Insurance Service - Mega Risk Insurance; Standard Fire & Special Perils Cover; Optional Assets Insurance Service 1 ₹ 57860604.420
Assets Insurance Service - Mega Risk Insurance; THIRD PARTY LIABILTY; Optional Assets Insurance Service 1 ₹ 354000.000
Assets Insurance Service - Mega Risk Insurance; Terrorism Cover; Optional Assets Insurance Service 1 ₹ 124084562.400
Assets Insurance Service - Mega Risk Insurance; Standard Fire & Special Perils Cover; Optional Assets Insurance Service 1 ₹ 16413604.120
Assets Insurance Service - Mega Risk Insurance; Terrorism Cover; Optional Assets Insurance Service 1 ₹ 2258991.630
Assets Insurance Service - Mega Risk Insurance; Standard Fire & Special Perils Cover; Optional Assets Insurance Service 1 ₹ 2466497.550
Assets Insurance Service - Mega Risk Insurance; MBD (Machinery breakdown) Cover; Optional Assets Insurance Service 1 ₹ 597550614.480
Assets Insurance Service - Mega Risk Insurance; Standard Fire & Special Perils Cover; Optional Assets Insurance Service 1 ₹ 3693852.970
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