Closed 19 Apr 2024

Assets Insurance Service - All Risk Policy; Property Damage Cover, Standard Fire & Special Perils C

Department of Financial Services | Ministry of Finance

Original notice

This tender closed on 19 Apr 2024. 10 tenders like it are open now.

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Tender details

🏗️ Invitation for Assets Insurance Services 🏗️ The Department of Financial Services, under the Ministry of Finance, is seeking proposals for an Assets Insurance Service with an All-Risk Policy, including Property Damage Cover, Standard Fire, and Special Perils Cover. 📅 Proposal Submission Deadline: April 19, 2024, 12:00 PM Interested insurance service providers must demonstrate expertise in comprehensive risk assessment and management, with a focus on delivering robust coverage solutions. Keywords: Assets Insurance, All-Risk Policy, Property Damage Cover, Fire & Special Perils Cover, Department of Financial Services, Ministry of Finance, Insurance Services Tender

Tender ID
GEM/2024/B/4840770
Reference number
–
Organisation
Department of Financial Services | Ministry of Finance
Location
–
Bids open
5 Apr 2024, 5:28 PM
Bids close
19 Apr 2024, 12:00 PM
Tender value
–
EMD
–
Tender fee
–

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

Award of Contract & Bid Results

Awarded Contractor / Winner

ICICI LOMBARD GENERAL INSURANCE COMPANY LIMITED

Contract Value

22184000

Tender Status: active
Additional Information: Average Turn Over of Last 3 Years: Lakhs Experience with Gov. Required: Years Project Experience Required: No
Buyer Name: Khushboo Kumari
Ministry: Ministry Of Finance
Department: Department Of Financial Services
Organisation: Punjab National Bank (pnb)

Technical Evaluation Results

S.No. Seller Name Participated On MSE/MII Status Status
1 ICICI LOMBARD GENERAL INSURANCE COMPANY LIMITED 22-04-2024 13:15:37 N/A Qualified
2 NATIONAL INSURANCE COMPANY LIMITED 22-04-2024 11:54:15 N/A Qualified
3 RELIANCE GENERAL INSURANCE COMPANY LIMITED 22-04-2024 11:34:13 N/A Qualified
4 THE NEW INDIA ASSURANCE COMPANY LIMITED 22-04-2024 13:18:49 N/A Qualified
5 UNITED INDIA INSURANCE COMPANY LIMITED 19-04-2024 11:17:28 N/A Disqualified

Financial Evaluation Results

S.No. Seller Name Offered Item Total Price Rank
1 ICICI LOMBARD GENERAL INSURANCE COMPANY LIMITED Item Categories : Assets Insurance Service - All Risk Policy; Property Damage Cover, Standard Fire & Special Perils C 20492000.00 L1
2 NATIONAL INSURANCE COMPANY LIMITED Item Categories : Assets Insurance Service - All Risk Policy; Property Damage Cover, Standard Fire & Special Perils C 20601000.00 L2
3 RELIANCE GENERAL INSURANCE COMPANY LIMITED Item Categories : Assets Insurance Service - All Risk Policy; Property Damage Cover, Standard Fire & Special Perils C 43223950.00 L3
4 THE NEW INDIA ASSURANCE COMPANY LIMITED Item Categories : Assets Insurance Service - All Risk Policy; Property Damage Cover, Standard Fire & Special Perils C 49205713.89 L4

Ordered Items & Contract Pricing

Service Category Name Ordered Quantity Price
Assets Insurance Service - All Risk Policy; Property Damage Cover, Standard Fire & Special Perils Cover, Storm, Typhoon, Hurricane, Tornado, Flood and Inundation (STFI) Cover, Business Interruption (Loss of Profit) Cover, Terrorism Cover, Earthquake .. Assets Insurance Service 1 ₹ 22184000.000

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