Tender Details

Particulars Details
Title
Group Term Insurance Service Permanent Employees, Office Staff; Natural Death, Accidental Death,
Description
Organisation REGIONAL RURAL BANKS | Ministry of Finance
Tender Id GEM/2024/B/4711612
Reference
Number
-
Tender Fee -
EMD -
Tender Value -
Place
Link
View Original Tender Notice

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

Start Date February 29, 2024 21:00
End Date
Expired 21/03/2024

Expired 919 days ago

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Award of Contract & Bid Results

Awarded Contractor / Winner

SHRIRAM LIFE INSURANCE COMPANY LIMITED

Contract Value

10560386

Tender Status: active
Additional Information: Average Turn Over of Last 3 Years: Lakhs Experience with Gov. Required: Years Project Experience Required: Yes
Buyer Name: Rajesh Kumar
Ministry: Ministry Of Finance
Department: Regional Rural Banks
Organisation: Sarva Haryana Gramin Bank

Technical Evaluation Results

S.No. Seller Name Participated On MSE/MII Status Status
1 AVIVA LIFE INSURANCE COMPANY INDIA LTD 21-03-2024 16:04:46 N/A Disqualified
2 BAJAJ ALLIANZ LIFE INSURANCE COMPANY LIMITED 21-03-2024 16:25:25 N/A Qualified
3 INDIAFIRST LIFE INSURANCE COMPANY LIMITED 20-03-2024 18:30:35 N/A Qualified
4 SBI LIFE INSURANCE COMPANY LIMITED 21-03-2024 15:47:46 N/A Disqualified
5 SHRIRAM LIFE INSURANCE COMPANY LIMITED 19-03-2024 17:30:35 N/A Qualified
6 STAR UNION DAI-ICHI LIFE INSURANCE COMPANY LIMITED 21-03-2024 15:10:06 N/A Qualified
7 TATA AIA LIFE INSURANCE COMPANY LIMITED 21-03-2024 16:01:54 N/A Qualified

Financial Evaluation Results

S.No. Seller Name Offered Item Total Price Rank
1 SHRIRAM LIFE INSURANCE COMPANY LIMITED Item Categories : Group Term Insurance Service - Permanent Employees, Office Staff; Natural death, Accidental death, 9754932.83 L1
2 INDIAFIRST LIFE INSURANCE COMPANY LIMITED Item Categories : Group Term Insurance Service - Permanent Employees, Office Staff; Natural death, Accidental death, 11795444.24 L2
3 STAR UNION DAI-ICHI LIFE INSURANCE COMPANY LIMITED Item Categories : Group Term Insurance Service - Permanent Employees, Office Staff; Natural death, Accidental death, 12150245.70 L3
4 BAJAJ ALLIANZ LIFE INSURANCE COMPANY LIMITED Item Categories : Group Term Insurance Service - Permanent Employees, Office Staff; Natural death, Accidental death, 13200009.00 L4
5 TATA AIA LIFE INSURANCE COMPANY LIMITED Item Categories : Group Term Insurance Service - Permanent Employees, Office Staff; Natural death, Accidental death, 13812213.00 L5

Ordered Items & Contract Pricing

Service Category Name Ordered Quantity Price
Group Term Insurance Service - Permanent Employees, Office Staff; Natural death, Accidental death, Suicide, Animal bite, 2000000 Group Term Insurance Service 3344 ₹ 10560386.000
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