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Contract Bidding Open For Group Personal Accidental Insurance Service - Permanent Employees, Contract Employees, And as per t in VADODARA, GUJARAT

Bid Publish Date

03-Mar-2025, 8:46 pm

Bid End Date

24-Mar-2025, 9:00 pm

Progress

Issue03-Mar-2025, 8:46 pm
Technical24-03-2025 14:26:49
Financial
AwardCompleted

A tender has been published for Bank Of Baroda Group Personal Accidental Insurance Service - Permanent Employees, Contract Employees, And as per tender document; Only accidental death (not natural), Permanent total disability, Permanent partial disability, Temporary disabilities, And as per tende. . , Liability Insurance Service - Director and Officer liability coverage in VADODARA, GUJARAT. Quantity: 74787 by. Submission Deadline: 24-03-2025 21: 00: 00. Check eligibility and apply.

Authority & Contact

Technical Results

S.No Seller Date Status
1
NATIONAL INSURANCE COMPANY LIMITED   Under PMA
24-03-2025 14:26:49
2
TATA AIG GENERAL INSURANCE COMPANY LIMITED   Under PMA
24-03-2025 14:40:36
3
THE NEW INDIA ASSURANCE COMPANY LIMITED   Under PMA
24-03-2025 13:58:00
4
THE ORIENTAL INSURANCE COMPANY LIMITED   Under PMA
24-03-2025 15:36:34
5
UNITED INDIA INSURANCE COMPANY LIMITED   Under PMA
24-03-2025 14:32:22

Financial Results

Rank Seller Price Item
L1
UNITED INDIA INSURANCE COMPANY LIMITED   Under PMA
Item Categories : Group Personal Accidental Insurance Service - Permanent Employees, Contract Employees, And as per t
L2
THE NEW INDIA ASSURANCE COMPANY LIMITED   Under PMA
Item Categories : Group Personal Accidental Insurance Service - Permanent Employees, Contract Employees, And as per t
L3
THE ORIENTAL INSURANCE COMPANY LIMITED   Under PMA
Item Categories : Group Personal Accidental Insurance Service - Permanent Employees, Contract Employees, And as per t
L4
NATIONAL INSURANCE COMPANY LIMITED   Under PMA
Item Categories : Group Personal Accidental Insurance Service - Permanent Employees, Contract Employees, And as per t

Tender Data

Bid Details

Quantity

74787

Bid Type

Two Packet Bid

Bid Validity

180 (Days)

Bid Type

Service

Evaluation

Total value wise evaluation

Tech Clarification Time

2 Days

Requirements

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

Group Personal Accidental Insurance Service - Permanent Employees, Contract Employees, And as per tender document; Only accidental death (not natural), Permanent total disability, Permanent partial disability, Temporary disabilities, And as per tende.. , Liability Insurance Service - Director and Officer liability coverage

Authority Records

MINISTRY OF FINANCEFINANCIAL SERVICES DEPARTMENTBANK OF BARODA

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Documents 4

GeM-Bidding-7599078.pdf

Main Document

Other Documents

OTHER

Scope Of Work Document

SCOPE_OF_WORK

GEM General Terms and Conditions Document

GEM_GENERAL_TERMS_AND_CONDITIONS

Required Documents

1

Experience Criteria

2

Bidder Turnover *In case any bidder is seeking exemption from Experience / Turnover Criteria

3

the supporting documents to prove his eligibility for exemption must be uploaded for evaluation by the buyer

Frequently Asked Questions

Key insights about GUJARAT tender market

What are the eligibility requirements for participation in the Group Personal Accidental Insurance Service tender?

The eligibility requirements for this tender include being a registered entity in India, having prior experience in delivering insurance services particularly in group personal accident coverage, proof of financial stability and compliance with all relevant insurance laws.

What certificates are required to participate in this tender?

Bidders need to provide certificates demonstrating financial solvency from a recognized bank, along with any relevant technical specifications certificates that showcase experience and compliance with the public insurance framework in India.

How can bidders register for the Group Personal Accidental Insurance Service tender?

To register for the tender, bidders must follow the registration process outlined in the tender document, which involves submitting certain documents for verification, including proof of registration and compliance documents that are necessary for participation.

What formats are accepted for the documents during submission?

Documents for the submission must adhere to the formats specified in the tender document. Typically, standard formats include PDF for technical proposals and Excel or specified formats for financial bids, ensuring clarity and ease of evaluation.

How will the evaluation and selection process be conducted?

The evaluation process will be conducted in two phases: first, technical bids will be assessed for compliance with the specifications outlined. Then, financial bids will be evaluated to ensure that they meet the competition criteria and provide value for the services offered. Bidders will be notified of the results as per the timelines indicated in the tender guidelines.