Group Term Life Insurance Policy for DMRC employees who have availed House Building Advance (Home Loan).
Tender Specifications & Timeline
13 FieldsAward of Contract (AOC) Details
Awardee / Contractor
Bajaj Allianz Life Insurance Co. Ltd
Award Date: 24-Nov-2023
Completion Period: 365 Days
Contract Financials & Scope
INR 2,154,506.77
Contract Award Info Updated 24-Nov-2023 06:13 PM by Manvendra Singh
Total Bidders
3
Winning Bid (L1)
₹21.55 L
Estimated Value
—
Margin vs Estimate
—
Winning Contractor (L1 - Official Awardee)
Accepted-AOCL1 to L2 Spread
+21.33%
Completion Period
365 days
AOC Award Date
24-Nov-2023
| Rank | Bidder / Contractor | Quoted Bid | Gap vs L1 | vs Estimate | Status |
|---|---|---|---|---|---|
| L1 | ₹21.55 L | 0.0% (L1) | — | Accepted-AOC | |
| L2 | ₹26.14 L | +21.33% | Rejected | Rejected-AOC | |
| L3 | ₹47.09 L | +118.54% | Rejected | Rejected-AOC |
This metro rail tender covers group Term Life Insurance Policy for DMRC employees who have availed House Building Advance (Home Loan)., issued by Delhi Metro Rail Corporation Limited under reference OHMisc-1488. This work is part of the development of New Delhi Metro — government tender titles use official department terminology rather than the common name. The tender is currently Expired.
This procurement is part of ongoing efforts by central government agencies and public sector undertakings to maintain and upgrade public infrastructure and services in New Delhi. Vendors interested in similar opportunities can browse other tenders from the same issuing organisation below.
Tender Documents
Download official tender documents, technical specifications, schedules, and BOQ files
finance_818187.pdf
BOQ Comparative Chart
techsummary_818187.pdf
finsummary_818187.pdf
LOA_1488.pdf
As per quoted rates
As per quoted rates
As per quoted rates
| Bidder | Submitted On | Status | Fin. Value | Rank | Remarks / Logs |
|---|---|---|---|---|---|
Aditya Birla Sun Life Insurance Co. ltd. #2916437 | 17-Nov-2023 06:45 PM | Rejected-AOC Updated: 24-Nov-2023 06:15 PM | 26,14,002.56 | L2 | As per quoted rates |
Bajaj Allianz Life Insurance Co. Ltd #2916254 | 17-Nov-2023 02:28 PM | Accepted-AOC Updated: 24-Nov-2023 06:15 PM | 21,54,506.77 | L1 | As per quoted rates |
SBI LIFE INSURANCE COMPANY LIMITED #2912673 | 09-Nov-2023 01:58 PM | Rejected-AOC Updated: 24-Nov-2023 06:15 PM | 47,08,561.39 | L3 | As per quoted rates |
Bid Evaluation Details & Logs
technical evaluation
Date: 24-Nov-2023 06:03 PM
Officer: Manvendra Singh
finance evaluation
Date: 24-Nov-2023 06:10 PM
Officer: Manvendra Singh
About This Procurement Notice
This central government tender was issued by Delhi Metro Rail Corporation Limited. Bids must be submitted by 18-Nov-2023 02:00 PM.
BiharInfraTales aggregates procurement notices from Bihar eProcurement, GeM portal, and central government tender portals. Data is refreshed every 30 minutes. Always verify details on the official portal before submitting a bid.
Frequently Asked Questions
- QWhat is the status of the tender "Group Term Life Insurance Policy for DMRC employees who have availed House Build"?
- The current status of this tender is "Expired". The submission deadline is 18-Nov-2023 02:00 PM. This information is sourced from official government procurement portals.
- QWho issued this Bihar government tender?
- This tender was issued by Delhi Metro Rail Corporation Limited. The reference number is OHMisc-1488. It is a central government procurement notice.
- QWhat is the estimated value of this tender?
- The estimated tender value has not been disclosed for this procurement notice. Please refer to the official tender documents for detailed specifications.
- QIs this the New Delhi Metro tender?
- Yes — "Group Term Life Insurance Policy for DMRC employees who have availed House Building Advance (Home Loan)." is the official government tender title covering New Delhi Metro development works. Government tender titles for this sector use official department terminology rather than the site's common name.