Tender Details
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About Tender
🛡️ Group Term Insurance For Permanent Employees 🛡️ The Department Of Higher Education, Ministry Of Education, Is Seeking Proposals For The Group Term Insurance Service For Its Permanent Employees. This Service Covers Natural Death, Accidental Death, Suicide, And Other Related Aspects. 🗓️ Submission Deadline: July 22, 2024, 12:00 Pm Proposals Should Be Comprehensive, Detailing The Scope Of Coverage, Terms, And Conditions, And Should Be In Line With The Department's Requirements. Keywords: Group Term Insurance, Permanent Employees, Department Of Higher Education, Ministry Of Education, Insurance Services, Government Procurement| Particulars | Details |
|---|---|
| Title |
Group Term Insurance Service Permanent Employees; Natural Death, Accidental Death, Suicide, Anima
|
| Description |
|
| Organisation | Department of Higher Education | Ministry of Education |
| Tender Id | GEM/2024/B/5110667 |
|
Reference Number |
- |
| Tender Fee | - |
| EMD | - |
| Tender Value | - |
| Place | |
| Link |
View Original Tender Notice
https://bidplus.gem.gov.in/all-bids |
| Start Date | July 01, 2024 17:19 |
| End Date |
Expired
22/07/2024
Expired 816 days ago |
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Award of Contract & Bid Results
SBI LIFE INSURANCE COMPANY LIMITED
4006059
Technical Evaluation Results
| S.No. | Seller Name | Participated On | MSE/MII Status | Status |
|---|---|---|---|---|
| 1 | BAJAJ ALLIANZ LIFE INSURANCE COMPANY LIMITED | 24-07-2024 12:10:15 | N/A | Qualified |
| 2 | HDFC LIFE INSURANCE COMPANY LIMITED | 24-07-2024 09:14:24 | N/A | Qualified |
| 3 | ICICI PRUDENTIAL LIFE INSURANCE COMPANY LIMITED | 24-07-2024 12:17:28 | N/A | Qualified |
| 4 | Life Insurance Corporation of India | 25-07-2024 12:34:29 | N/A | Qualified |
| 5 | SBI LIFE INSURANCE COMPANY LIMITED | 24-07-2024 12:36:52 | N/A | Qualified |
Financial Evaluation Results
| S.No. | Seller Name | Offered Item | Total Price | Rank |
|---|---|---|---|---|
| 1 | ICICI PRUDENTIAL LIFE INSURANCE COMPANY LIMITED | Item Categories : Group Term Insurance Service - Permanent Employees; Natural death, Accidental death, Suicide, Anima | 4032945.00 | Disqualified |
| 2 | SBI LIFE INSURANCE COMPANY LIMITED | Item Categories : Group Term Insurance Service - Permanent Employees; Natural death, Accidental death, Suicide, Anima | 4086718.00 | L1 |
| 3 | HDFC LIFE INSURANCE COMPANY LIMITED | Item Categories : Group Term Insurance Service - Permanent Employees; Natural death, Accidental death, Suicide, Anima | 4382467.00 | L2 |
| 4 | BAJAJ ALLIANZ LIFE INSURANCE COMPANY LIMITED | Item Categories : Group Term Insurance Service - Permanent Employees; Natural death, Accidental death, Suicide, Anima | 4597557.00 | L3 |
| 5 | Life Insurance Corporation of India | Item Categories : Group Term Insurance Service - Permanent Employees; Natural death, Accidental death, Suicide, Anima | 6717457.00 | L4 |
Ordered Items & Contract Pricing
| Service | Category Name | Ordered Quantity | Price |
|---|---|---|---|
| Group Term Insurance Service - Permanent Employees; Natural death, Accidental death, Suicide, Animal bite, Pre-Existing Illnesses, As per SOW and ATC | Group Term Insurance Service | 366 | ₹ 4006059.000 |
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