Tender Details

About Tender

🏦 Secure Your Assets With Comprehensive Insurance Solutions 🏦 The Department Of Financial Services, Under The Ministry Of Finance, Is Calling For Tenders To Provide A Suite Of Insurance Services, Including Terrorism Insurance, Electronic Equipment Insurance, And All Risk Policy For Assets. 🔒 🗓️ Submission Deadline: May 17, 2024, 12:00 Pm Bidders Must Demonstrate Expertise In Providing Robust Insurance Solutions Tailored To The Specific Needs Of Asset Protection. Keywords: Assets Insurance, Terrorism Insurance, Electronic Equipment Insurance, All Risk Policy, Department Of Financial Services, Ministry Of Finance, Government Tender
Particulars Details
Title
Assets Insurance Service Terrorism Insurance, Electronic Equipment Insurance, All Risk Policy, As
Description
Organisation Department of Financial Services | Ministry of Finance
Tender Id GEM/2024/B/4909704
Reference
Number
-
Tender Fee -
EMD -
Tender Value 2 Crore
Place
Link
View Original Tender Notice

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

Start Date May 03, 2024 22:29
End Date
Expired 17/05/2024

Expired 883 days ago

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Award of Contract & Bid Results

Awarded Contractor / Winner

THE NEW INDIA ASSURANCE COMPANY LIMITED

Contract Value

122714100

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 IFFCO-TOKIO GENERAL INSURANCE COMPANY LIMITED 16-05-2024 16:40:40 N/A Qualified
2 NATIONAL INSURANCE COMPANY LIMITED 17-05-2024 11:57:50 N/A Qualified
3 RELIANCE GENERAL INSURANCE COMPANY LIMITED 17-05-2024 11:28:59 N/A Qualified
4 SBI GENERAL INSURANCE COMPANY LIMITED 16-05-2024 17:00:14 N/A Qualified
5 THE NEW INDIA ASSURANCE COMPANY LIMITED 17-05-2024 11:23:07 N/A Qualified
6 THE ORIENTAL INSURANCE COMPANY LIMITED 17-05-2024 11:08:44 N/A Qualified
7 UNITED INDIA INSURANCE COMPANY LIMITED 16-05-2024 18:59:54 N/A Qualified

Financial Evaluation Results

S.No. Seller Name Offered Item Total Price Rank
1 THE NEW INDIA ASSURANCE COMPANY LIMITED Item Categories : Assets Insurance Service - Terrorism Insurance, Electronic Equipment Insurance, All Risk Policy, As 113354550.00 L1
2 SBI GENERAL INSURANCE COMPANY LIMITED Item Categories : Assets Insurance Service - Terrorism Insurance, Electronic Equipment Insurance, All Risk Policy, As 113394237.09 L2
3 NATIONAL INSURANCE COMPANY LIMITED Item Categories : Assets Insurance Service - Terrorism Insurance, Electronic Equipment Insurance, All Risk Policy, As 152049168.50 L3
4 RELIANCE GENERAL INSURANCE COMPANY LIMITED Item Categories : Assets Insurance Service - Terrorism Insurance, Electronic Equipment Insurance, All Risk Policy, As 162905949.08 L4
5 IFFCO-TOKIO GENERAL INSURANCE COMPANY LIMITED Item Categories : Assets Insurance Service - Terrorism Insurance, Electronic Equipment Insurance, All Risk Policy, As 164787399.00 L5
6 UNITED INDIA INSURANCE COMPANY LIMITED Item Categories : Assets Insurance Service - Terrorism Insurance, Electronic Equipment Insurance, All Risk Policy, As 193978616.95 L6
7 THE ORIENTAL INSURANCE COMPANY LIMITED Item Categories : Assets Insurance Service - Terrorism Insurance, Electronic Equipment Insurance, All Risk Policy, As 216048900.00 L7

Ordered Items & Contract Pricing

Service Category Name Ordered Quantity Price
Assets Insurance Service - Terrorism Insurance, Electronic Equipment Insurance, All Risk Policy, As per mentioned Bid documents attached in ATC; Property Damage Cover, Standard Fire & Special Perils Cover, Storm, Typhoon, Hurricane, Tornado, Flood an.. Assets Insurance Service 1 ₹ 122714100.000
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