Bid Publish Date
15-Jun-2026, 10:41 pm
Bid End Date
08-Jul-2026, 3:00 pm
Value
₹1
Location
Progress
Quantity
1
Bid Type
Two Packet Bid
The procurement is issued by Union Bank Of India (UBI) through the Department Of Financial Services for comprehensive Assets Insurance Service including Fire Insurance, Property Damage Cover, STFI Cover, Terrorism, Earthquake, Theft/Burglary. Located in Mumbai, Maharashtra with an estimated value of ₹1.0 (unit not specified). The scope incorporates multiple risk covers as per the RFP and allows a possible 25% variation in contract quantity or duration at the time of contract issuance, and up to 25% for lumpsum-based service contracts with provider consent. A functional SOW attachment is referenced for scope details.
Product/Service: Corporate multi-risk insurance coverage for a banking organization
Covers included: Fire Insurance, Property Damage, STFI, Terrorism, Earthquake, Theft/Burglary
Estimated contract value: ₹1.0 (units unspecified)
Geographic scope: Mumbai, Maharashtra
SOW reference: Additional scope details in attached file; BOQ items not provided
25% variation in contract quantity/duration allowed by Buyer at issuance
Lump-sum contracts may be expanded by 25% with provider consent
EMD amount not disclosed in the available data; verify in official terms
Payment terms are not specified in the available data; bidders should refer to full tender terms for timing and schedule
Delivery/issuance timelines are not provided; refer to SOW and contract documents for installation/issuance milestones
No specific LD details are provided in the visible data; check terms for penalties and performance bonds
Demonstrated experience in providing corporate insurance services to banks or financial institutions
Financial capability to support a ₹1.0 value insurance procurement
Compliance with local GST, PAN, and standard regulatory requirements for insurance service providers
Tender Category
Service
Bid To RA
No
Bid To RA Enabled
No
Item Category
Assets Insurance Service - Fire Insurance, As per RFP; Property Damage Cover, Standard Fire & Special Perils Cover, Storm, Typhoon, Hurricane, Tornado, Flood and Inundation (STFI) Cover, Terrorism Cover, Earthquake Cover, Theft/Burglary Cover, As per..
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National Institute Of Fashion Technology (nift) Head Office New Delhi
KANGRA, HIMACHAL PRADESH
Employees State Insurance Corporation (esic)
PUNE, MAHARASHTRA
Airports Authority Of India
DHUBRI, ASSAM
Aligarh Muslim University (amu)
ALIGARH, UTTAR PRADESH
Msme Technology Development Centre Ppdc
MEERUT, UTTAR PRADESH
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GST registration certificate
Permanent Account Number (PAN) card
Experience certificates demonstrating prior insurance service procurement
Financial statements or proof of financial stability
EMD/Security deposit documentation (exact amount to be confirmed in terms)
Technical bid documentation outlining compliance with insurance covers
OEM authorizations or insurance provider authorizations (if applicable)
Key insights about MAHARASHTRA tender market
Bidders should review the SOW attachment, prepare submission documents including GST, PAN, financials, and prior insurance experience; ensure compliance with bank procurement policies. Verify the estimated value of ₹1.0 and confirm EMD requirements from the live terms before submission.
Mandatory documents typically include GST certificate, PAN, experience certificates, financial statements, EMD security, and technical bid detailing coverage compliance. OEM authorizations may be required if you are representing a third-party insurer or broker; confirm with the official terms.
The scope includes Fire Insurance, Property Damage, STFI (Storm/Typhoon/Hurricane/Tornado/Flood), Terrorism, Earthquake, and Theft/Burglary. The final scope is defined in the SOW/file attachment; align quotation with these categories and bank risk norms.
The exact EMD amount is not disclosed in the available data. Bidders should check the official terms for the precise EMD value, acceptable payment modes, and submission deadline to ensure compliance.
The buyer may increase or decrease contract quantity or duration by up to 25% at contract issue, and up to 25% again for lumpsum-based services with provider consent; adjust scope only as permitted.
Exact standards are not listed; typical requirements include compliance with applicable financial services regulations, and insurer/broker certifications as per bank procurement norms. Confirm any ISI/ISO references in the live tender terms.
Estimated value is ₹1.0 (currency not specified) for the procurement, located in Mumbai, Maharashtra (400002). Prepare a bid aligned to multi-risk coverage under bank procurement standards.
Grid Controller Of India Limited
📍 KAMRUP, ASSAM
N/a
📍 KARNAL, HARYANA
Oil And Natural Gas Corporation Limited
📍 VADODARA, GUJARAT
Employees State Insurance Corporation
📍 BIKANER, RAJASTHAN
Bharat Heavy Electricals Limited (bhel)
📍 BETUL, MADHYA PRADESH
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