Union Bank of India Mediclaim Insurance Service Tender Mumbai Maharashtra 2026

Tender Overview

The Union Bank of India (UBI) in Mumbai, Maharashtra invites bids for Group Mediclaim Insurance Service under the Department of Financial Services framework. The tender references an RFP for mediclaim coverage; no itemized BOQ is published and the start/end dates are not disclosed. The buyer reserves a 25% scope flexibility on quantity or duration, applicable to lumpsum service contracts with the supplier’s consent. A SOW file is attached for detailed scope, while the overall procurement is delivered via government channels under GEM. This opportunity targets insurers with healthcare risk coverage capabilities in Maharashtra.

Technical Specifications & Requirements

• No technical specifications are published in the tender sheet; bidders must rely on the attached SOW file for scope details.
• Organization: Union Bank Of India; Location: Mumbai, Maharashtra; Product category: Group Mediclaim Insurance Service as per RFP.
• Key contractual levers include a flexible 25% adjustment to contract quantity or duration at issue or post-issuance, and potential scope expansion up to 25% with provider consent.
• The tender is issued under GEM where the BOQ shows zero items, implying the SOW defines deliverables and service levels.
• Bidders should anticipate standard compliance checks, policy terms, and service guarantees aligned with group mediclaim norms.

Terms, Conditions & Eligibility

• EMD/earnest deposit details are not disclosed in the provided data; bidders should review the final RFP for exact amount and payment mode.
• Delivery/fulfillment window: section indicates flexibility up to 25% for quantity or duration; exact timelines to be defined in the SOW.
• Document prerequisites likely include organizational GST, PAN, financial statements, experience in mediclaim procurement, and insurer licensing per Maharashtra regulations; submission specifics reside in the SOW and buyer terms.
• The SOW attachment governs performance metrics, penalties, and renewal terms; bidders must align with ISI/IS 550 style standards where applicable at bid stage.
• No explicit warranty or AMC terms are specified in the available data; bidders should verify in the final RFP.