Closed 12 Aug 2024

Group Term Insurance Service - Permanent Employees, GROUP TERM INSURANCE IN LIEU OF EDLI; Natural d

Department of Heavy Industry | Ministry of Heavy Industries and Public Enterprises

Tender value
₹2 Crore
Original notice

This tender closed on 12 Aug 2024. 10 tenders like it are open now.

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Tender details

Tender ID
GEM/2024/B/5231681
Reference number
–
Organisation
Department of Heavy Industry | Ministry of Heavy Industries and Public Enterprises
Location
–
Bids open
31 Jul 2024, 3:32 PM
Bids close
12 Aug 2024, 4:00 PM
Tender value
₹2 Crore
EMD
–
Tender fee
–

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

Award of Contract & Bid Results

Awarded Contractor / Winner

Life Insurance Corporation of India

Contract Value

51678136

Tender Status: active
Additional Information: Average Turn Over of Last 3 Years: Lakhs Experience with Gov. Required: Years Project Experience Required: No
Buyer Name: Kamlesh Agarwal
Ministry: Ministry Of Heavy Industries And Public Enterprises
Department: Department Of Heavy Industry
Organisation: Bharat Heavy Electricals Limited (bhel)

Technical Evaluation Results

S.No. Seller Name Participated On MSE/MII Status Status
1 BAJAJ ALLIANZ LIFE INSURANCE COMPANY LIMITED 12-08-2024 15:39:50 N/A Qualified
2 Life Insurance Corporation of India 09-08-2024 19:33:34 N/A Qualified
3 SBI LIFE INSURANCE COMPANY LIMITED 12-08-2024 14:45:38 N/A Qualified
4 STAR UNION DAI-ICHI LIFE INSURANCE COMPANY LIMITED 12-08-2024 12:42:19 N/A Qualified

Financial Evaluation Results

S.No. Seller Name Offered Item Total Price Rank
1 BAJAJ ALLIANZ LIFE INSURANCE COMPANY LIMITED Item Categories : Group Term Insurance Service - Permanent Employees, GROUP TERM INSURANCE IN LIEU OF EDLI; Natural d 16875168.00 Disqualified
2 Life Insurance Corporation of India Item Categories : Group Term Insurance Service - Permanent Employees, GROUP TERM INSURANCE IN LIEU OF EDLI; Natural d 51678136.00 L1
3 SBI LIFE INSURANCE COMPANY LIMITED Item Categories : Group Term Insurance Service - Permanent Employees, GROUP TERM INSURANCE IN LIEU OF EDLI; Natural d 58531684.00 L2
4 STAR UNION DAI-ICHI LIFE INSURANCE COMPANY LIMITED Item Categories : Group Term Insurance Service - Permanent Employees, GROUP TERM INSURANCE IN LIEU OF EDLI; Natural d 59007741.00 L3

Ordered Items & Contract Pricing

Service Category Name Ordered Quantity Price
Group Term Insurance Service - Permanent Employees, GROUP TERM INSURANCE IN LIEU OF EDLI; Natural death, Accidental death, Suicide, as per tender document Group Term Insurance Service 1 ₹ 51678136.000

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