Government Tender Published for Assets Insurance Service - As per tender document attached; Property Damage Cover, Standard Fire & in CENTRAL DELHI, DELHI
Bid Publish Date
27-Jun-2025, 1:32 pm
Bid End Date
08-Jul-2025, 10:00 am
Value
₹2,50,00,000
Location
Progress
RANational Seeds Corporation Limited (nsc) announces a tender for Assets Insurance Service - As per tender document attached; Property Damage Cover, Standard Fire & Special Perils Cover, Storm, Typhoon, Hurricane, Tornado, Flood and Inundation (STFI) Cover, Earthquake Cover, Theft/Burglary Cover, As per tender docu. . in CENTRAL DELHI, DELHI. Quantity: 1. Submission Deadline: 08-07-2025 10: 00: 00. Last date to apply is approaching fast!
Technical Results
| S.No | Seller | Date | Status |
|---|---|---|---|
| 1 | ICICI LOMBARD GENERAL INSURANCE COMPANY LIMITED Under PMA | 29-06-2025 20:52:20 | |
| 2 | NATIONAL INSURANCE COMPANY LIMITED Under PMA | 08-07-2025 09:48:33 | |
| 3 | THE NEW INDIA ASSURANCE COMPANY LIMITED Under PMA | 07-07-2025 18:38:52 | |
| 4 | THE ORIENTAL INSURANCE COMPANY LIMITED Under PMA | 08-07-2025 09:14:58 | |
| 5 | UNITED INDIA INSURANCE COMPANY LIMITED Under PMA | 07-07-2025 19:27:34 |
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 | UNITED INDIA INSURANCE COMPANY LIMITED Under PMA Winner | ₹80,80,650 | Item Categories : Assets Insurance Service - As per tender document attached; Property Damage Cover, Standard Fire & |
| L2 | NATIONAL INSURANCE COMPANY LIMITED Under PMA | ₹80,88,753 | Item Categories : Assets Insurance Service - As per tender document attached; Property Damage Cover, Standard Fire & |
| L3 | THE ORIENTAL INSURANCE COMPANY LIMITED Under PMA | ₹81,05,000 | Item Categories : Assets Insurance Service - As per tender document attached; Property Damage Cover, Standard Fire & |
🎉 L1 Winner
UNITED INDIA INSURANCE COMPANY LIMITED Under PMA
Final Price: ₹80,80,650
Contract / Result Documents 1
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Reverse Auction Schedule
Start
17-Jul-2025, 4:00 pm
End
18-Jul-2025, 4:00 pm
Duration: 24 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
30 (Days)
Bid Type
Service
Evaluation
Total value wise evaluation
RA Qualification Rule
50% Lowest Priced Technically Qualified Bidders
Tech Clarification Time
2 Days
Requirements
Min. Avg. Annual Turnover
1000
Experience Required
3 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 - As per tender document attached; Property Damage Cover, Standard Fire & Special Perils Cover, Storm, Typhoon, Hurricane, Tornado, Flood and Inundation (STFI) Cover, Earthquake Cover, Theft/Burglary Cover, As per tender docu..
Authority Records
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Documents 5
GeM-Bidding-8019075.pdf
Main Document
Other Documents
OTHER
Other Documents
OTHER
Other Documents
OTHER
GEM General Terms and Conditions Document
GEM_GENERAL_TERMS_AND_CONDITIONS
Required Documents
Experience Criteria
Bidder Turnover
Certificate (Requested in ATC)
OEM Authorization Certificate
OEM Annual Turnover
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