Tender Details

Particulars Details
Title
Group Term Insurance Service As Per Bid Document; As Per Bid Document
Description
Organisation POWER GRID Corporation OF INDIA Limited | Ministry of Power
Tender Id GEM/2024/B/4705244
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 09, 2024 23:10
End Date
Expired 19/03/2024

Expired 832 days ago

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Tender Result
Tender Status: Active
Additional Information: Average Turn Over of Last 3 Years: Lakhs Experience with Gov. Required: Years Project Experience Required: No
Buyer Details
Name: Ashish Chaturvedi
Address: Ashish Chaturvedi,[email protected],POWERGRID CORPORATION OF INDIA LIMITED, Saudamini, Plot No. 2, Sector-29, Gurgaon,GURGAON,HARYANA,122001,India
Ministry: Ministry Of Power
Department: Power Grid Corporation Of India Limited
Organisation: Power Grid Corporation Of India Limited
Office Address: Corporate Office Gurgaon
Technical Evaluation
S.No. Seller Name Participated On MSE/MII Status Status
1 ADITYA BIRLA SUN LIFE INSURANCE COMPANY LIMITED 19-03-2024 17:43:29 N/A Qualified
2 BAJAJ ALLIANZ LIFE INSURANCE COMPANY LIMITED 19-03-2024 16:14:13 N/A Qualified
3 Life Insurance Corporation of India 18-03-2024 18:45:31 N/A Qualified
4 MAX LIFE INSURANCE COMPANY LIMITED 19-03-2024 17:52:17 N/A Qualified
5 PRAMERICA LIFE INSURANCE LIMITED 19-03-2024 16:55:13 N/A Qualified
6 SBI LIFE INSURANCE COMPANY LIMITED 19-03-2024 17:01:39 N/A Qualified
7 SHRIRAM LIFE INSURANCE COMPANY LIMITED 18-03-2024 22:58:57 N/A Disqualified
8 STAR UNION DAI-ICHI LIFE INSURANCE COMPANY LIMITED 19-03-2024 15:17:48 N/A Qualified
Financial Evaluation
S.No. Seller Name Offered Item Total Price Rank
1 STAR UNION DAI-ICHI LIFE INSURANCE COMPANY LIMITED Item Categories : Group Term Insurance Service - As per bid document; As per bid document 17929309.00 L1
2 Life Insurance Corporation of India Item Categories : Group Term Insurance Service - As per bid document; As per bid document 20247667.20 L2
3 BAJAJ ALLIANZ LIFE INSURANCE COMPANY LIMITED Item Categories : Group Term Insurance Service - As per bid document; As per bid document 21260051.00 L3
4 MAX LIFE INSURANCE COMPANY LIMITED Item Categories : Group Term Insurance Service - As per bid document; As per bid document 21485025.00 L4
5 SBI LIFE INSURANCE COMPANY LIMITED Item Categories : Group Term Insurance Service - As per bid document; As per bid document 21934972.80 L5
6 PRAMERICA LIFE INSURANCE LIMITED Item Categories : Group Term Insurance Service - As per bid document; As per bid document 22373672.26 L6
7 ADITYA BIRLA SUN LIFE INSURANCE COMPANY LIMITED Item Categories : Group Term Insurance Service - As per bid document; As per bid document 39302971.78 L7

Contract Details

Contract Status:
Order Accepted
Seller:
STAR UNION DAI-ICHI LIFE INSURANCE COMPANY LIMITED
Buyer Designation:
DY MANAGER3
Buying Mode:
Bid/RA
Contract Date:
2024-06-10 20:32:00 +0530
Contract Amount:
17929309
Service Category Name Ordered Quantity Price
Group Term Insurance Service - As per bid document; As per bid document Group Term Insurance Service 1 ₹ 17929309.000
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