Procurement Opportunity: Assets Insurance Service - Fire Insurance, Electronic Equipment Insurance, All Risk Policy; Propert in BANGALORE, KARNATAKA
Progress
Public procurement opportunity for Indian Institute Of Management (iim) Assets Insurance Service - Fire Insurance, Electronic Equipment Insurance, All Risk Policy; Property Damage Cover, Standard Fire & Special Perils Cover, Storm, Typhoon, Hurricane, Tornado, Flood and Inundation (STFI) Cover, Terrorism Cover, Earthquak. . in BANGALORE, KARNATAKA. Quantity: 1 issued by. Submission Deadline: 04-07-2025 17: 00: 00. View full details and respond.
Technical Results
| S.No | Seller | Date | Status |
|---|---|---|---|
| 1 | CHOLAMANDALAM MS GENERAL INSURANCE COMPANY LIMITED Under PMA | 04-07-2025 16:14:33 | |
| 2 | GO DIGIT GENERAL INSURANCE LIMITED Under PMA | 04-07-2025 16:56:27 | |
| 3 | HDFC ERGO GENERAL INSURANCE COMPANY LIMITED Under PMA | 04-07-2025 16:54:14 | |
| 4 | ICICI LOMBARD GENERAL INSURANCE COMPANY LIMITED Under PMA | 04-07-2025 16:55:12 | |
| 5 | IFFCO-TOKIO GENERAL INSURANCE COMPANY LIMITED Under PMA | 04-07-2025 11:30:58 | |
| 6 | NATIONAL INSURANCE COMPANY LIMITED Under PMA | 04-07-2025 16:12:38 | |
| 7 | TATA AIG GENERAL INSURANCE COMPANY LIMITED Under PMA | 03-07-2025 14:46:36 | |
| 8 | THE ORIENTAL INSURANCE COMPANY LIMITED Under PMA | 04-07-2025 13:02:21 | |
| 9 | UNITED INDIA INSURANCE COMPANY LIMITED Under PMA | 03-07-2025 13:34:58 | |
| 10 | UNIVERSAL SOMPO GENERAL INSURANCE COMPANY LIMITED Under PMA | 04-07-2025 12:39:34 |
Financial Results
| Rank | Seller | Price | Item |
|---|---|---|---|
| L1 | TATA AIG GENERAL INSURANCE COMPANY LIMITED Under PMA | Item Categories : Assets Insurance Service - Fire Insurance, Electronic Equipment Insurance, All Risk Policy; Propert | |
| L2 | NATIONAL INSURANCE COMPANY LIMITED Under PMA | Item Categories : Assets Insurance Service - Fire Insurance, Electronic Equipment Insurance, All Risk Policy; Propert | |
| L3 | UNITED INDIA INSURANCE COMPANY LIMITED Under PMA | Item Categories : Assets Insurance Service - Fire Insurance, Electronic Equipment Insurance, All Risk Policy; Propert | |
| L4 | ICICI LOMBARD GENERAL INSURANCE COMPANY LIMITED Under PMA | Item Categories : Assets Insurance Service - Fire Insurance, Electronic Equipment Insurance, All Risk Policy; Propert | |
| L5 | UNIVERSAL SOMPO GENERAL INSURANCE COMPANY LIMITED Under PMA | Item Categories : Assets Insurance Service - Fire Insurance, Electronic Equipment Insurance, All Risk Policy; Propert | |
| L6 | CHOLAMANDALAM MS GENERAL INSURANCE COMPANY LIMITED Under PMA | Item Categories : Assets Insurance Service - Fire Insurance, Electronic Equipment Insurance, All Risk Policy; Propert | |
| L7 | IFFCO-TOKIO GENERAL INSURANCE COMPANY LIMITED Under PMA | Item Categories : Assets Insurance Service - Fire Insurance, Electronic Equipment Insurance, All Risk Policy; Propert | |
| L8 | THE ORIENTAL INSURANCE COMPANY LIMITED Under PMA | Item Categories : Assets Insurance Service - Fire Insurance, Electronic Equipment Insurance, All Risk Policy; Propert | |
| L9 | GO DIGIT GENERAL INSURANCE LIMITED Under PMA | Item Categories : Assets Insurance Service - Fire Insurance, Electronic Equipment Insurance, All Risk Policy; Propert | |
| L10 | HDFC ERGO GENERAL INSURANCE COMPANY LIMITED Under PMA | Item Categories : Assets Insurance Service - Fire Insurance, Electronic Equipment Insurance, All Risk Policy; Propert |
Contract / Result Documents 1
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Tender Data
Bid Details
Quantity
1
Bid Type
Two Packet Bid
Bid Validity
45 (Days)
Bid Type
Service
Evaluation
Total value wise evaluation
Tech Clarification Time
2 Days
Requirements
Min. Avg. Annual Turnover
100
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
No
Item Category
Assets Insurance Service - Fire Insurance, Electronic Equipment Insurance, All Risk Policy; Property Damage Cover, Standard Fire & Special Perils Cover, Storm, Typhoon, Hurricane, Tornado, Flood and Inundation (STFI) Cover, Terrorism Cover, Earthquak..
Authority Records
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Documents 5
GeM-Bidding-8000157.pdf
Main Document
Other Documents
OTHER
Other Documents
OTHER
Buyer uploaded ATC document
ATC
GEM General Terms and Conditions Document
GEM_GENERAL_TERMS_AND_CONDITIONS
Required Documents
Experience Criteria
Bidder Turnover
Certificate (Requested in ATC)
Additional Doc 1 (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
Frequently Asked Questions
Key insights about KARNATAKA tender market
What are the eligibility requirements for participating in this tender?
The eligibility requirements include being a registered insurance provider, which involves having the necessary operating licenses and compliance with local regulations. Additionally, bidders must demonstrate a robust track record in providing similar insurance services to educational institutions or government agencies. Ensuring adherence to quality standards and financial capability is crucial for eligibility.
What certificates are required to bid for this tender?
Bidders must submit certificates detailing their registration as an insurance entity, along with any necessary licenses relevant to offering Fire Insurance and Electronic Equipment Insurance. It's also essential to provide documentation that substantiates previous experience in executing comparable insurance contracts, ensuring compliance with applicable industry standards.
What is the registration process for this tender?
The registration process involves submitting your bid along with the required documentation via the designated online platform. Interested parties need to create an account if they do not have one already, and follow the submission guidelines provided in the tender document carefully to ensure all required material is included.
What types of documents are accepted for submission?
Accepted documents include electronic files in commonly used formats such as PDF and Word. Bidders must ensure that all submissions are complete and adhere to the specified formats outlined within the tender documentation to avoid disqualification based on technicalities.
What are the evaluation criteria for this tender?
The evaluation criteria are based on several factors, including the technical robustness of proposed solutions, cost-effectiveness of the financial proposals, and compliance with the specified insurance requirements. Priority will be given to offers that exhibit a comprehensive understanding of educational asset security needs while delivering best value for money in terms of coverage offered.