Tender Details

About Tender

🏗️ Invitation For Assets Insurance Services 🏗️ The Department Of Financial Services, Under The Ministry Of Finance, Is Seeking Proposals For The Provision Of Comprehensive Insurance Services For Electronic Equipment, Including Property Damage Cover And Standard Fire & Security Protection. 📅 Proposals Must Be Submitted By June 22, 2024, 3:00 Pm. Service Providers With Expertise In Assets Insurance, Particularly In The Realm Of Electronic Equipment, Are Invited To Present Their Offerings, Detailing Their Coverage, Terms, And Conditions, As Well As Their Financial Stability And Track Record. Keywords: Assets Insurance, Electronic Equipment Insurance, Property Damage Cover, Fire & Security Insurance, Department Of Financial Services, Ministry Of Finance
Particulars Details
Title
Assets Insurance Service Electronic Equipment Insurance; Property Damage Cover, Standard Fire & S
Description
Organisation Department of Financial Services | Ministry of Finance
Tender Id GEM/2024/B/5028564
Reference
Number 		-
Tender Fee -
EMD -
Tender Value 2 Crore
Place
Link
View Original Tender Notice

https://bidplus.gem.gov.in/all-bids
Start Date June 08, 2024 20:48
End Date
Expired 22/06/2024

Expired 789 days ago

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Award of Contract & Bid Results

Awarded Contractor / Winner

THE ORIENTAL INSURANCE COMPANY LIMITED

Contract Value

27100982

Tender Status: Active
Additional Information: Average Turn Over of Last 3 Years: Lakhs Experience with Gov. Required: Years Project Experience Required: Yes
Buyer Name: Mithun Ramchandra Gujar
Ministry: Ministry Of Finance
Department: Department Of Financial Services
Organisation: Bank Of Maharashtra

Technical Evaluation Results

S.No. Seller Name Participated On MSE/MII Status Status
1 BAJAJ ALLIANZ GENERAL INSURANCE COMPANY LIMITED 24-06-2024 09:57:07 N/A Qualified
2 NATIONAL INSURANCE COMPANY LIMITED 24-06-2024 10:41:41 N/A Disqualified
3 THE ORIENTAL INSURANCE COMPANY LIMITED 24-06-2024 10:34:15 N/A Qualified
4 UNITED INDIA INSURANCE COMPANY LIMITED 22-06-2024 12:30:19 N/A Qualified

Financial Evaluation Results

S.No. Seller Name Offered Item Total Price Rank
1 THE ORIENTAL INSURANCE COMPANY LIMITED Item Categories : Assets Insurance Service - Electronic Equipment Insurance; Property Damage Cover, Standard Fire & S 27100982.00 L1
2 UNITED INDIA INSURANCE COMPANY LIMITED Item Categories : Assets Insurance Service - Electronic Equipment Insurance; Property Damage Cover, Standard Fire & S 64968642.00 L2
3 BAJAJ ALLIANZ GENERAL INSURANCE COMPANY LIMITED Item Categories : Assets Insurance Service - Electronic Equipment Insurance; Property Damage Cover, Standard Fire & S 129787442.91 L3

Ordered Items & Contract Pricing

Service Category Name Ordered Quantity Price
Assets Insurance Service - Electronic Equipment Insurance; Property Damage Cover, Standard Fire & Special Perils Cover, Storm, Typhoon, Hurricane, Tornado, Flood and Inundation (STFI) Cover, MBD (Machinery breakdown) Cover, Earthquake Cover, Theft/Bu.. Assets Insurance Service 1 ₹ 4293293.000
Assets Insurance Service - All Risk Policy; Property Damage Cover, Standard Fire & Special Perils Cover, Storm, Typhoon, Hurricane, Tornado, Flood and Inundation (STFI) Cover, MBD (Machinery breakdown) Cover, Terrorism Cover, Earthquake Cover, Theft/.. Assets Insurance Service 1 ₹ 72002.000
Assets Insurance Service - STANDARD FIRE and SPECIAL PERIL; Property Damage Cover, Standard Fire & Special Perils Cover, Storm, Typhoon, Hurricane, Tornado, Flood and Inundation (STFI) Cover, MBD (Machinery breakdown) Cover, Terrorism Cover, Earthqua.. Assets Insurance Service 1 ₹ 1.000
Assets Insurance Service - STANDARD FIRE and SPECIAL PERIL; Property Damage Cover, Standard Fire & Special Perils Cover, Storm, Typhoon, Hurricane, Tornado, Flood and Inundation (STFI) Cover, MBD (Machinery breakdown) Cover, Terrorism Cover, Earthqua.. Assets Insurance Service 1 ₹ 2428773.000
Assets Insurance Service - BURGLARY; Property Damage Cover, Standard Fire & Special Perils Cover, Storm, Typhoon, Hurricane, Tornado, Flood and Inundation (STFI) Cover, MBD (Machinery breakdown) Cover, Terrorism Cover, Earthquake Cover, Theft/Burglar.. Assets Insurance Service 1 ₹ 11918.000
Group Personal Accidental Insurance Service - Contract Employees; Only accidental death (not natural), Permanent total disability, Permanent partial disability, Temporary disabilities Group Personal Accidental Insurance Service 1 ₹ 52381.000
Liability Insurance Service - Indemnity insurance Liability Insurance Service 1 ₹ 15493784.000
Liability Insurance Service - Director and Officer liability coverage Liability Insurance Service 1 ₹ 948720.000
Liability Insurance Service - CREDIT CARD Liability Insurance Service 1 ₹ 321234.000
Liability Insurance Service - DEBIT CARD Liability Insurance Service 1 ₹ 1889769.000
Liability Insurance Service - COMMERCIAL GENRAL INSURANCE Liability Insurance Service 1 ₹ 379488.000
Liability Insurance Service - LOCKER POLICY Liability Insurance Service 1 ₹ 1209618.000
Motor Insurance Service - 4 Wheeler; 0 to 1000 cc, 1001 to 1500 CC, 1501 to 2500 CC, Above 2500 CC Motor Insurance Service 100 ₹ 1.000
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