Tender Details

About Tender

🔒 Secure Your Group Term Insurance Services With The Ministry Of Finance 🔒 The Department Of Financial Services, Under The Ministry Of Finance, Is Calling For Service Providers To Offer Group Term Insurance Services For The Organization's Permanent Employees, Retirees, Superannuated Personnel, And Pensioners Under The Holis Scheme. 🗓️ Submission Deadline: May 29, 2024, 2:00 Pm Service Providers Must Demonstrate Expertise In Providing Comprehensive And Secure Insurance Services, With A Focus On Customer Satisfaction And Adherence To Regulatory Standards. Keywords: Group Term Insurance, Holis, Ministry Of Finance, Insurance Services, Permanent Employees, Retirees, Superannuated, Pensioners
Particulars Details
Title
Group Term Insurance Service Permanent Employees, Retired / Superannuated / Pensioners, Holis; Ac
Description
Organisation Department of Financial Services | Ministry of Finance
Tender Id GEM/2024/B/4947028
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 756 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: Yes
Buyer Details
Name: Bhagyashri Sethy
Address: Bhagyashri Sethy,[email protected],SIDBI Towers, 15, Ashok Marg,LUCKNOW,UTTAR PRADESH,226001,India,0522-4259700-814
Ministry: Ministry Of Finance
Department: Department Of Financial Services
Organisation: Small Industries Development Bank Of India (sidbi)
Office Address: Mumbai
Technical Evaluation
S.No. Seller Name Participated On MSE/MII Status Status
1 ADITYA BIRLA SUN LIFE INSURANCE COMPANY LIMITED 10-06-2024 12:53:54 N/A Disqualified
2 SBI LIFE INSURANCE COMPANY LIMITED 10-06-2024 12:57:13 N/A Qualified
3 SHRIRAM LIFE INSURANCE COMPANY LIMITED 07-06-2024 15:45:53 N/A Qualified
4 STAR UNION DAI-ICHI LIFE INSURANCE COMPANY LIMITED 10-06-2024 13:58:20 N/A Qualified
5 TATA AIA LIFE INSURANCE COMPANY LIMITED 10-06-2024 13:43:00 N/A Disqualified
Financial Evaluation
S.No. Seller Name Offered Item Total Price Rank
1 SBI LIFE INSURANCE COMPANY LIMITED Item Categories : Group Term Insurance Service - Permanent Employees, Retired / Superannuated / Pensioners, HOLIS; Ac 3308003.00 L1
2 SHRIRAM LIFE INSURANCE COMPANY LIMITED Item Categories : Group Term Insurance Service - Permanent Employees, Retired / Superannuated / Pensioners, HOLIS; Ac 5127552.00 L2
3 STAR UNION DAI-ICHI LIFE INSURANCE COMPANY LIMITED Item Categories : Group Term Insurance Service - Permanent Employees, Retired / Superannuated / Pensioners, HOLIS; Ac 7421952.00 L3

Contract Details

Contract Status:
Order Accepted
Seller:
SBI LIFE INSURANCE COMPANY LIMITED
Buyer Designation:
Manager
Buying Mode:
Bid/RA
Contract Date:
2024-06-25 22:35:00 +0530
Contract Amount:
3308003
Service Category Name Ordered Quantity Price
Group Term Insurance Service - Permanent Employees, Retired / Superannuated / Pensioners, HOLIS; Accidental death, Natural death, Suicide, Animal bite, Pre-Existing Illnesses Group Term Insurance Service 1092 ₹ 3308003.000
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