Premium rates for Livestock Insurance
Tender Description
Premium rates for conducting Livestock Insurance scheme in Maharashtra.
Tender Specifications & Timeline
16 FieldsTotal Bidders
4
Lowest Bid (L1)
₹4.3
Estimated Value (PAC)
₹218.47 Cr
Margin vs Estimate
—
Lowest Bidder (L1) · Award pending
Accepted / L1L1 to L2 Spread
+2.56%
Completion Period
1095 days
| Rank | Bidder / Contractor | Quoted Bid | Gap vs L1 | vs Estimate | Status |
|---|---|---|---|---|---|
| L1 | ₹4.3 | 0.0% (L1) | — | Accepted / L1 | |
| L2 | ₹4.41 | +2.56% | Rejected-Fin | Rejected-Fin | |
| L3 | THE NEW INDIA ASSURNACE Co. Ltd.#7188837 | ₹4.75 | +10.47% | Rejected-Fin | Rejected-Fin |
| DQ | NATIONAL INSURANCE COMPNAY Ltd.#7184677 | — | — | Rejected-Tech | Rejected-Tech |
This tender covers premium rates for Livestock Insurance, issued by Maharashtra Livestock Development Board Akola under reference MLDB/LInsurance/63/dt 2.1.26. The estimated contract value is ₹218.47 Cr, and the tender is currently Expired. Under financial bid evaluation, Agriculture Insurance Company of India Limited emerged as the lowest (L1) bidder with a quoted bid amount of ₹4.
This procurement is part of ongoing efforts by central government agencies and public sector undertakings to maintain and upgrade public infrastructure and services in Maharashtra State. Vendors interested in similar opportunities can browse other tenders from the same issuing organisation below.
As per the financial evaluation report.
As per Technical Evaluation report
As per the financial evaluation report.
As per the financial evaluation report.
| Bidder | Submitted On | Status | Fin. Value | Rank | Remarks / Logs |
|---|---|---|---|---|---|
Agriculture Insurance Company of India Limited #7147579 | 25-Feb-2026 01:27 PM | Accepted-Finance Updated: 11-Jun-2026 01:54 PM | 4.30 | L1 | As per the financial evaluation report. |
NATIONAL INSURANCE COMPNAY LTD #7184677 | 13-Feb-2026 06:22 PM | Rejected-Technical Updated: 30-May-2026 10:12 PM | — | — | As per Technical Evaluation report |
THE NEW INDIA ASSURNACE CO LTD #7188837 | 05-Feb-2026 05:45 PM | Rejected-Finance Updated: 11-Jun-2026 01:54 PM | 4.75 | L3 | As per the financial evaluation report. |
The Oriental Insurance Company Limited #7152092 | 13-Feb-2026 10:44 AM | Rejected-Finance Updated: 11-Jun-2026 01:54 PM | 4.41 | L2 | As per the financial evaluation report. |
Bid Evaluation Details & Logs
technical bid opening
Date: 18-May-2026 05:54 PM
Officer: SHITALKUMAR MUKANE
Technical Bids are put for scrutiny
technical evaluation
Date: 30-May-2026 10:12 PM
Officer: SHITALKUMAR MUKANE
finance bid opening
Date: 11-Jun-2026 01:50 PM
Officer: SHITALKUMAR MUKANE
Commercial bids are put for scrutiny.
finance evaluation
Date: 11-Jun-2026 01:54 PM
Officer: SHITALKUMAR MUKANE
About This Procurement Notice
This Maharashtra state government tender was issued by Maharashtra Livestock Development Board Akola. The estimated contract value is ₹218.47 Cr. Bids must be submitted by 08-Apr-2026 05:00 PM.
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Frequently Asked Questions
- QWhat is the status of the tender "Premium rates for Livestock Insurance"?
- The current status of this tender is "Expired". The submission deadline is 08-Apr-2026 05:00 PM. This information is sourced from official government procurement portals.
- QWho issued this Maharashtra government tender?
- This tender was issued by Maharashtra Livestock Development Board Akola. The reference number is MLDB/LInsurance/63/dt 2.1.26. It is a Maharashtra state government procurement notice.
- QWhat is the estimated value of this tender?
- The estimated tender value is ₹218.47 Cr. This is the approximate contract value as disclosed in the official tender document.
- QWho is the lowest (L1) bidder for this tender?
- Under financial bid evaluation for "Premium rates for Livestock Insurance", Agriculture Insurance Company of India Limited emerged as the lowest (L1) bidder with a quoted bid amount of ₹4. Full bid rankings and vendor comparisons are available on BiharInfraTales.