E-tender Notice for Group Insurance Scheme
Tender Description
E-TENDER NOTICE FOR GROUP INSURANCE SCHEME OF AIRPORTS AUTHORITY OF INDIA EMPLOYEES FOR 2025-26
Tender Specifications & Timeline
13 FieldsTotal Bidders
5
Winning Bid (L1)
₹19.99 Cr
Estimated Value (PAC)
—
Margin vs Estimate
—
Winning Contractor (L1 - Official Awardee)
Admitted-FinanceL1 to L2 Spread
+4.43%
Completion Period
365 days
| Rank | Bidder / Contractor | Quoted Bid | Gap vs L1 | vs Estimate | Status |
|---|---|---|---|---|---|
| L1 | ₹19.99 Cr | 0.0% (L1) | — | Admitted-Finance | |
| L2 | SBI Life Insurance Co. Ltd.#823338 | ₹20.87 Cr | +4.43% | — | Admitted-Finance |
| L3 | ₹23.08 Cr | +15.51% | — | Admitted-Finance | |
| L4 | ₹25.30 Cr | +26.58% | — | Admitted-Finance | |
| DQ | — | — | Rejected-Tech | Rejected-Technical |
This airports tender covers e-tender Notice for Group Insurance Scheme, issued by Airports Authority of India under reference 60011/70/05/GIS-TENDER/2024-25. This work is part of the development of As per tender documents Airport — government tender titles use official department terminology rather than the common name. The tender is currently Expired. Under financial bid evaluation, Shriram Life Insurance Company Limited emerged as the lowest (L1) bidder with a quoted bid amount of ₹19.99 Cr.
This procurement is part of ongoing efforts by central government agencies and public sector undertakings to maintain and upgrade public infrastructure and services in As per tender documents. 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
techsummary_253181.pdf
BOQ Comparative Chart
Technically disqualified
| Bidder | Submitted On | Status | Fin. Value | Rank | Remarks / Logs |
|---|---|---|---|---|---|
Birla Sun Life Insurance Company Limited #821752 | 27-Feb-2025 04:37 PM | Admitted-Finance Updated: 25-Mar-2025 11:24 AM | 252980200.00 | L4 | — |
ICICI Prudential Life Insurance Co. Ltd #822650 | 26-Feb-2025 03:52 PM | Rejected-Technical Updated: 12-Mar-2025 02:48 PM | — | — | Technically disqualified |
LIFE INSURANCE CORPORATION OF INDIA #820941 | 28-Feb-2025 11:33 AM | Admitted-Finance Updated: 25-Mar-2025 11:24 AM | 230844432.50 | L3 | — |
SBI Life Insurance Co. Ltd. #823338 | 28-Feb-2025 12:15 PM | Admitted-Finance Updated: 25-Mar-2025 11:24 AM | 208708665.00 | L2 | — |
Shriram Life Insurance Company Limited #820176 | 19-Feb-2025 07:13 PM | Admitted-Finance Updated: 25-Mar-2025 11:24 AM | 199854358.00 | L1 | — |
Bid Evaluation Details & Logs
technical bid opening
Date: 03-Mar-2025 03:39 PM
Officer: Shripati Mishra
Five bids have been received and sent for technical evaluation.
technical evaluation
Date: 12-Mar-2025 02:48 PM
Officer: Brij Raj Chauhan
finance bid opening
Date: 25-Mar-2025 11:24 AM
Officer: Yogesh Soni
Four price bids have been received and sent for financial evaluation.
About This Procurement Notice
This central government tender was issued by Airports Authority of India. Bids must be submitted by 28-Feb-2025 05:00 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 "E-tender Notice for Group Insurance Scheme"?
- The current status of this tender is "Expired". The submission deadline is 28-Feb-2025 05:00 PM. This information is sourced from official government procurement portals.
- QWho issued this central government tender?
- This tender was issued by Airports Authority of India. The reference number is 60011/70/05/GIS-TENDER/2024-25. 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 As per tender documents Airport tender?
- Yes — "E-tender Notice for Group Insurance Scheme" is the official government tender title covering As per tender documents Airport development works. Government tender titles for this sector use official department terminology rather than the site's common name.
- QWho is the lowest (L1) bidder for this tender?
- Under financial bid evaluation for "E-tender Notice for Group Insurance Scheme", Shriram Life Insurance Company Limited emerged as the lowest (L1) bidder with a quoted bid amount of ₹19.99 Cr. Full bid rankings and vendor comparisons are available on BiharInfraTales.