Tender Notice for Assets Insurance Service - Terrorism Insurance, Fire Insurance, Marine – cum – Erection (MCE), in BANGALORE, KARNATAKA
Progress
RAPublic procurement opportunity for Indian Telephone Industries Limited (iti) Assets Insurance Service - Terrorism Insurance, Fire Insurance, Marine – cum – Erection (MCE), As per RFP; Property Damage Cover, Standard Fire & Special Perils Cover, Storm, Typhoon, Hurricane, Tornado, Flood and Inundation (STFI) Cover, Terrorism C. . in BANGALORE, KARNATAKA. Quantity: 1 issued by. Submission Deadline: 24-11-2025 14: 00: 00. View full details and respond.
Technical Results
| S.No | Seller | Date | Status |
|---|---|---|---|
| 1 | BAJAJ GENERAL INSURANCE LIMITED Under PMA | 24-11-2025 13:13:54 | |
| 2 | CHOLAMANDALAM MS GENERAL INSURANCE COMPANY LIMITED Under PMA | 24-11-2025 13:52:50 | |
| 3 | HDFC ERGO GENERAL INSURANCE COMPANY LIMITED Under PMA | 21-11-2025 15:54:58 | |
| 4 | ICICI LOMBARD GENERAL INSURANCE COMPANY LIMITED Under PMA | 24-11-2025 13:44:56 | |
| 5 | INDUSIND GENERAL INSURANCE COMPANY LIMITED Under PMA | 24-11-2025 13:29:01 | |
| 6 | NATIONAL INSURANCE COMPANY LIMITED Under PMA | 24-11-2025 12:20:34 | |
| 7 | THE ORIENTAL INSURANCE COMPANY LIMITED Under PMA | 23-11-2025 17:50:21 |
Reverse Auction Results Final Prices
These are the final prices after the reverse auction event. Prices may be lower than initial bids.
| Rank | Seller | Final Price | Item |
|---|---|---|---|
| L1 | NATIONAL INSURANCE COMPANY LIMITED Under PMA Winner | ₹29,75,000 | Item Categories : Assets Insurance Service - Terrorism Insurance, Fire Insurance, Marine – cum – Erection (MCE), |
| L2 | INDUSIND GENERAL INSURANCE COMPANY LIMITED Under PMA | ₹30,00,000 | Item Categories : Assets Insurance Service - Terrorism Insurance, Fire Insurance, Marine – cum – Erection (MCE), |
| L3 | THE ORIENTAL INSURANCE COMPANY LIMITED Under PMA | ₹35,00,000 | Item Categories : Assets Insurance Service - Terrorism Insurance, Fire Insurance, Marine – cum – Erection (MCE), |
| L4 | BAJAJ GENERAL INSURANCE LIMITED Under PMA | ₹1,24,02,109 | Item Categories : Assets Insurance Service - Terrorism Insurance, Fire Insurance, Marine – cum – Erection (MCE), |
| L5 | HDFC ERGO GENERAL INSURANCE COMPANY LIMITED Under PMA | ₹3,59,09,052 | Item Categories : Assets Insurance Service - Terrorism Insurance, Fire Insurance, Marine – cum – Erection (MCE), |
🎉 L1 Winner
NATIONAL INSURANCE COMPANY LIMITED Under PMA
Final Price: ₹29,75,000
Contract / Result Documents 1
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Reverse Auction Schedule
Start
27-Nov-2025, 4:00 pm
End
29-Nov-2025, 10:00 am
Duration: 42 hours
Reverse Auction Document
✅ RA concluded. Check financial results for final rankings.
Tender Data
Bid Details
Quantity
1
Bid Type
Two Packet Bid
Bid Validity
90 (Days)
Bid Type
Service
Evaluation
Total value wise evaluation
RA Qualification Rule
H1-Highest Priced Bid Elimination
Tech Clarification Time
2 Days
Requirements
Experience Required
5 Year (s)
Arbitration Clause
No
Mediation Clause
No
Additional Tender Data
Commercial Details
Tender Category
Service
Bid To RA
No
Bid To RA Enabled
Yes
Item Category
Assets Insurance Service - Terrorism Insurance, Fire Insurance, Marine – cum – Erection (MCE), As per RFP; Property Damage Cover, Standard Fire & Special Perils Cover, Storm, Typhoon, Hurricane, Tornado, Flood and Inundation (STFI) Cover, Terrorism C..
Authority Records
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Documents 6
GeM-Bidding-8578103.pdf
Main Document
Other Documents
OTHER
Other Documents
OTHER
Other Documents
OTHER
Buyer uploaded ATC document
ATC
GEM General Terms and Conditions Document
GEM_GENERAL_TERMS_AND_CONDITIONS
Corrigendum Updates
1 Update Update
Extended Deadline
24-Nov-2025, 8:30 am
Opening Date
24-Nov-2025, 9:00 am
Required Documents
Experience Criteria
Bidder Turnover
Certificate (Requested in ATC)
Additional Doc 1 (Requested in ATC)
Additional Doc 2 (Requested in ATC) *In case any bidder is seeking exemption from Experience / Turnover Criteria
the supporting documents to prove his eligibility for exemption must be uploaded for evaluation by the buyer