Tender Details
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About Tender
🛡️ Group Term Insurance Service Opportunity 🛡️ The Department Of Financial Services, Ministry Of Finance, Is Seeking Proposals For The Group Term Insurance Service For Its Permanent Employees. This Service Encompasses Coverage For Natural Death, Accidental Death, And Suicide. 🗓️ Proposal Submission Deadline: May 29, 2024, 2:00 Pm Interested Parties Should Submit Detailed Proposals That Meet The Specific Needs Of The Department. This Is An Opportunity To Provide Comprehensive Insurance Coverage To A Significant Number Of Employees. Keywords: Group Term Insurance, Employee Benefits, Ministry Of Finance, Insurance Services, Government Procurement| Particulars | Details |
|---|---|
| Title |
Group Term Insurance Service Permanent Employees, Gtlis; Natural Death, Accidental Death, Suicide
|
| Description |
|
| Organisation | Department of Financial Services | Ministry of Finance |
| Tender Id | GEM/2024/B/4946507 |
|
Reference Number |
- |
| Tender Fee | - |
| EMD | - |
| Tender Value | - |
| Place | |
| Link |
View Original Tender Notice
https://bidplus.gem.gov.in/all-bids |
| Start Date | May 16, 2024 21:59 |
| End Date |
Expired
29/05/2024
Expired 872 days ago |
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Award of Contract & Bid Results
SBI LIFE INSURANCE COMPANY LIMITED
8526991
Technical Evaluation Results
| S.No. | Seller Name | Participated On | MSE/MII Status | Status |
|---|---|---|---|---|
| 1 | ADITYA BIRLA SUN LIFE INSURANCE COMPANY LIMITED | 10-06-2024 13:07:48 | N/A | Disqualified |
| 2 | Life Insurance Corporation of India | 08-06-2024 16:47:51 | N/A | Disqualified |
| 3 | SBI LIFE INSURANCE COMPANY LIMITED | 10-06-2024 13:19:15 | N/A | Qualified |
| 4 | SHRIRAM LIFE INSURANCE COMPANY LIMITED | 07-06-2024 15:42:38 | N/A | Qualified |
| 5 | STAR UNION DAI-ICHI LIFE INSURANCE COMPANY LIMITED | 10-06-2024 13:54:32 | N/A | Qualified |
| 6 | TATA AIA LIFE INSURANCE COMPANY LIMITED | 10-06-2024 13:39:24 | N/A | Disqualified |
Financial Evaluation Results
| S.No. | Seller Name | Offered Item | Total Price | Rank |
|---|---|---|---|---|
| 1 | SBI LIFE INSURANCE COMPANY LIMITED | Item Categories : Group Term Insurance Service - Permanent Employees, GTLIS; Natural death, Accidental death, Suicide | 8526991.00 | L1 |
| 2 | STAR UNION DAI-ICHI LIFE INSURANCE COMPANY LIMITED | Item Categories : Group Term Insurance Service - Permanent Employees, GTLIS; Natural death, Accidental death, Suicide | 15620341.00 | L2 |
| 3 | SHRIRAM LIFE INSURANCE COMPANY LIMITED | Item Categories : Group Term Insurance Service - Permanent Employees, GTLIS; Natural death, Accidental death, Suicide | 17627076.00 | L3 |
Ordered Items & Contract Pricing
| Service | Category Name | Ordered Quantity | Price |
|---|---|---|---|
| Group Term Insurance Service - Permanent Employees, GTLIS; Natural death, Accidental death, Suicide, Animal bite, Pre-Existing Illnesses | Group Term Insurance Service | 1092 | ₹ 8526991.000 |
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