RIDF Insurance
Tender Description
E-TENDER FOR SELECTION OF AGENCY FOR TAKING INSURANCE COVERAGE OF FOOD STORAGE GODOWNS UNDER MANAGEMENT OF WBSWC FOLLOWING IRDAI GUIDELINE
Tender Specifications & Timeline
16 FieldsTotal Bidders
10
Lowest Bid (L1)
₹0.82
Estimated Value (PAC)
₹3516.70 Cr
Margin vs Estimate
—
L1 to L2 Spread
+39.02%
Completion Period
365 days
| Rank | Bidder / Contractor | Quoted Bid | Gap vs L1 | vs Estimate | Status |
|---|---|---|---|---|---|
| L1 | NATIONAL INSURANCE CO LTD#8411531 | ₹0.82 | 0.0% (L1) | — | Accepted / L1 |
| L2 | ₹1.14 | +39.02% | — | Qualified | |
| L3 | ₹1.38 | +68.29% | — | Qualified | |
| L4 | ₹1.45 | +76.83% | — | Qualified | |
| L5 | United India Insurance Co Ltd#8409690 | ₹1.64 | +100.00% | — | Qualified |
| L6 | ₹1.67 | +103.66% | — | Qualified | |
| L7 | ₹1.79 | +118.29% | — | Qualified | |
| L8 | ₹1.82 | +121.95% | — | Qualified | |
| DQ | — | — | Rejected-Tech | Rejected-Tech | |
| DQ | — | — | Rejected-Tech | Rejected-Tech |
This tender covers rIDF Insurance, issued by West Bengal State Warehousing Corporation under reference 708/Genl./D (I)-3/Fire/RIDF/SWC. The estimated contract value is ₹3516.70 Cr, and the tender is currently Expired. Under financial bid evaluation, NATIONAL INSURANCE CO LTD emerged as the lowest (L1) bidder with a quoted bid amount of ₹1.
This procurement is part of ongoing efforts by central government agencies and public sector undertakings to maintain and upgrade public infrastructure and services in All over West Bengal. Vendors interested in similar opportunities can browse other tenders from the same issuing organisation below.
Non-submission of proper document
Non-submission of proper document
| Bidder | Submitted On | Status | Fin. Value | Rank | Remarks / Logs |
|---|---|---|---|---|---|
Bajaj Allianz General Insurance Company Limited #8411373 | 31-Aug-2026 05:07 PM | Admitted-Finance Updated: 21-Sep-2026 03:49 PM | 1.67 | L6 | — |
Generali Central Insurance Company Limited #8410370 | 31-Aug-2026 11:50 AM | Admitted-Finance Updated: 21-Sep-2026 03:49 PM | 1.82 | L8 | — |
IFFCO Tokio General Insurance Co. Ltd. #8411680 | 31-Aug-2026 04:39 PM | Admitted-Finance Updated: 21-Sep-2026 03:49 PM | 1.45 | L4 | — |
INDUSIND GENERAL INSURANCE COMPANY LIMITED #8411605 | 31-Aug-2026 03:10 PM | Admitted-Finance Updated: 21-Sep-2026 03:49 PM | 1.14 | L2 | — |
NATIONAL INSURANCE CO LTD #8411531 | 31-Aug-2026 03:28 PM | Admitted-Finance Updated: 21-Sep-2026 03:49 PM | .82 | L1 | — |
ORIENTAL INSURANCE COMPANY LIMITED #8411679 | 31-Aug-2026 04:26 PM | Rejected-Technical Updated: 17-Sep-2026 04:07 PM | — | — | Non-submission of proper document |
Salasar Services (Insurance Brokers) Pvt. Ltd. #8411563 | 31-Aug-2026 04:57 PM | Admitted-Finance Updated: 21-Sep-2026 03:49 PM | 1.38 | L3 | — |
SBI GENERAL INSURANCE COMPANY LIMITED #8411744 | 31-Aug-2026 05:29 PM | Admitted-Finance Updated: 21-Sep-2026 03:49 PM | 1.79 | L7 | — |
TATA-AIG GENERAL INSURANCE CO LTD #8411776 | 31-Aug-2026 06:38 PM | Rejected-Technical Updated: 17-Sep-2026 04:07 PM | — | — | Non-submission of proper document |
United India Insurance Co Ltd #8409690 | 31-Aug-2026 03:11 PM | Admitted-Finance Updated: 21-Sep-2026 03:49 PM | 1.64 | L5 | — |
Bid Evaluation Details & Logs
technical bid opening
Date: 03-Sep-2026 02:46 PM
Officer: Sandip Sarkar
Bid opening summary
technical evaluation
Date: 17-Sep-2026 04:07 PM
Officer: Sandip Sarkar
finance bid opening
Date: 21-Sep-2026 03:49 PM
Officer: Sandip Sarkar
Financial Bid opening summary
About This Procurement Notice
This West Bengal state government tender was issued by West Bengal State Warehousing Corporation. The estimated contract value is ₹3,516.70 Cr. Bids must be submitted by 31-Aug-2026 06:55 PM.
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Frequently Asked Questions
- QWhat is the status of the tender "RIDF Insurance"?
- The current status of this tender is "Expired". The submission deadline is 31-Aug-2026 06:55 PM. This information is sourced from official government procurement portals.
- QWho issued this West Bengal government tender?
- This tender was issued by West Bengal State Warehousing Corporation. The reference number is 708/Genl./D (I)-3/Fire/RIDF/SWC. It is a West Bengal state government procurement notice.
- QWhat is the estimated value of this tender?
- The estimated tender value is ₹3,516.70 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 "Ridf Insurance", NATIONAL INSURANCE CO LTD emerged as the lowest (L1) bidder with a quoted bid amount of ₹1. Full bid rankings and vendor comparisons are available on BiharInfraTales.