APPOINTMENT OF INSURER FOR GENERAL INSURANCE IN RESPECT OF VARIOUS POLICIES FOR THE PERIOD FROM 01.04.2026 to 31.03.2027
Tender Specifications & Timeline
16 FieldsAward of Contract (AOC) Details
Awardee / Contractor
THE NEW INDIA ASSURANCE COMPANY LIMITED
Award Date: 27-Mar-2026
Completion Period: 365 Days
Contract Financials & Scope
L1 Bidder
Contract Award Info Updated 27-Mar-2026 07:07 PM by A P Ravi
Total Bidders
2
Winning Bid (L1)
₹727.5
Estimated Value (PAC)
₹363.14 Cr
Margin vs Estimate
—
Winning Contractor (L1 - Official Awardee)
Accepted-AOCCompletion Period
365 days
AOC Award Date
27-Mar-2026
| Rank | Bidder / Contractor | Quoted Bid | Gap vs L1 | vs Estimate | Status |
|---|---|---|---|---|---|
| L1 | ₹727.5 | 0.0% (L1) | — | Awarded | |
| DQ | — | — | Rejected-Tech | Rejected-Tech |
This tender covers aPPOINTMENT OF INSURER FOR GENERAL INSURANCE IN RESPECT OF VARIOUS POLICIES FOR THE PERIOD FROM 01.04.2026 to 31.03.2027, issued by Commissionerate of Handlooms under reference 002531/General Insurance Tender/2026-2027. The estimated contract value is ₹363.14 Cr, and the tender is currently Awarded. Following contract finalisation, the work has been awarded to THE NEW INDIA ASSURANCE COMPANY LIMITED.
This procurement is part of ongoing efforts by central government agencies and public sector undertakings to maintain and upgrade public infrastructure and services in 350,PANTHEON ROAD,EGMORE. Vendors interested in similar opportunities can browse other tenders from the same issuing organisation below.
Have not agreed for withdrawal of deviations
L1 Bidder
| Bidder | Submitted On | Status | Fin. Value | Rank | Remarks / Logs |
|---|---|---|---|---|---|
IFFCO TOKIO GENERAL INSURANCE CO LTD #1639015 | 12-Mar-2026 02:38 PM | Rejected-Technical Updated: 17-Mar-2026 06:57 PM | — | — | Have not agreed for withdrawal of deviations |
THE NEW INDIA ASSURANCE COMPANY LIMITED #1650372 | 12-Mar-2026 10:55 AM | Accepted-AOC Updated: 27-Mar-2026 07:07 PM | 727.50 | L1 | L1 Bidder |
Bid Evaluation Details & Logs
technical bid opening
Date: 12-Mar-2026 07:09 PM
Officer: A P Ravi
2 bidders are admitted
technical evaluation
Date: 17-Mar-2026 06:57 PM
Officer: K Sankar
finance bid opening
Date: 23-Mar-2026 05:41 PM
Officer: K Sankar
Financial bid openned
finance evaluation
Date: 23-Mar-2026 06:47 PM
Officer: K Sankar
About This Procurement Notice
This Tamil Nadu state government tender was issued by Commissionerate of Handlooms. The estimated contract value is ₹363.14 Cr. Bids must be submitted by 12-Mar-2026 03:00 PM.
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Frequently Asked Questions
- QWhat is the status of the tender "APPOINTMENT OF INSURER FOR GENERAL INSURANCE IN RESPECT OF VARIOUS POLICIES FOR "?
- The current status of this tender is "Awarded". The submission deadline is 12-Mar-2026 03:00 PM. This information is sourced from official government procurement portals.
- QWho issued this Tamil Nadu government tender?
- This tender was issued by Commissionerate of Handlooms. The reference number is 002531/General Insurance Tender/2026-2027. It is a Tamil Nadu state government procurement notice.
- QWhat is the estimated value of this tender?
- The estimated tender value is ₹363.14 Cr. This is the approximate contract value as disclosed in the official tender document.
- QWho won the contract for this tender?
- The contract for "Appointment of Insurer for General Insurance in Respect of Various Policies for the Period from 01.04.2026 to 31.03.2027" has been awarded to THE NEW INDIA ASSURANCE COMPANY LIMITED.