Indian Bank Liability Insurance Director & Officer Coverage Tender Chennai Tamil Nadu 2026
Bid Publish Date
17-Oct-2026, 8:53 pm
Bid End Date
26-Oct-2026, 4:00 pm
Value
₹2,00,000
Location
Progress
Key Highlights
- • D&O liability insurance coverage requirement for banking sector at Indian Bank, Chennai
- • References to ATC and SLA documents indicating specific terms and conditions
- • Estimated contract value of ₹200,000; no BOQ line items published
- • Need for insurer with Director and Officer risk underwriting experience
- • Review of attachments for coverage limits, exclusions, and service commitments
- • No start/end dates disclosed in public data; confirm procurement timeline in ATC
- • No explicit EMD amount provided; verify in ATC/SLA
Tender Overview
Indian Bank invites bids for Director and Officer liability coverage in Chennai, Tamil Nadu. Estimated value: ₹200,000. Location: CHENNAI, TAMIL NADU - 600001. Category: Liability Insurance Service - Director and Officer liability coverage. The tender references uploaded ATC and SLA documents, with no BOQ items disclosed. No start/end dates provided. This procurement focuses on safeguarding the bank against D&O risks through a specialized insurance solution. Bidders should review attached ATC/SLA for detailed terms. The absence of BOQ items suggests a pure risk-transfer service requirement with defined coverage parameters.
Technical Specifications & Requirements
- Product/service: Director and Officer liability insurance coverage for corporate governance risk.
- Estimated value: ₹200,000. Location: Chennai, Tamil Nadu. Category: Liability Insurance Service.
- No standard specifications publicly listed in the summary; refer to ATC and SLA attachments for coverage limits, insured parties, scope, and exclusions.
- No BOQ items; scope likely includes policy issuance, underwriting, premium calculation, and claim support.
- Expected bidder capability: insurance service providers with D&O underwriting experience and familiarity with Indian banking sector requirements.
- Documentation to be reviewed in the ATC/SLA clarifications.
Terms, Conditions & Eligibility
- EMD: Not specified in the available data; bidders should verify in ATC.
- Delivery/Effective date: Not specified; alignment with bank procurement timelines via ATC.
- Payment terms: Not specified in the summary; consult SLA for settlement terms.
- Required submissions: Review ATC/SLA for eligibility criteria, certifications, and evidence of underwriting capability.
- Warranty/penalties: Not detailed in the provided data; check ATC for any service-level commitments or penalties.
- Eligibility indicators: Insurance provider with D&O liability experience and compliance with applicable regulatory norms; ensure alignment with Indian Bank requirements.
Key Specifications
-
Product: Director and Officer liability insurance coverage
-
Estimated value: ₹200,000
-
Location: Chennai, Tamil Nadu
-
No public BOQ items; refer to ATC/SLA for coverage limits and exclusions
-
Experience: insurer with banking sector D&O underwriter experience
-
Documentation: as per ATC/SLA attachments
Terms & Conditions
-
EMD amount not disclosed in available data; verify in ATC
-
ATC/SLA attachments contain all terms, coverage limits, and penalties
-
Delivery/implementation timeline to be aligned with procurement schedule
Important Clauses
Payment Terms
Payment terms to be defined in the ATC/SLA; bidders must reference the SLA for installment schedule and invoicing.
Delivery Schedule
Effective date and policy activation timeline to be specified in ATC; confirm with procurement desk.
Penalties/Liquidated Damages
Penalties, if any, to be described in SLA; bidders should review for SLA-based performance remedies.
Bidder Eligibility
-
Licensed insurance service provider with D&O liability experience
-
Demonstrated underwriting capabilities for banking-sector risks
-
Compliance with applicable regulatory and GST requirements
Tender Data
Bid Details
Quantity
1
Bid Type
Two Packet Bid
Bid Validity
30 (Days)
Bid Type
Service
Evaluation
Total value wise evaluation
Tech Clarification Time
2 Days
Preference & Exemptions
EMD Required
No
MII Compliance
Yes
MSE Purchase Preference
Yes
MSE Preference Band
L1+15%
MSE Exemption/Relaxation
No
Startup Exemption/Relaxation
No
Bid Splitting Applied
No
Requirements
Arbitration Clause
No
Mediation Clause
No
Additional Tender Data
Commercial Details
Tender Category
Service
Bid To RA
No
Bid To RA Enabled
No
Item Category
Liability Insurance Service - Director and Officer liability coverage
Payment Timelines
Payments shall be made to the Seller within 10 days of issue of service delivery acceptance certificate (SDAC) and on-line submission of bills (This is in supersession of 10 days time as provided in clause 12 of GeM GTC)
Delivery Details
Delivery Locations
1
Delivery Cities
Chennai
Delivery Pincodes
600014
Delivery Locations
| Consignee | Address | City | State | Pincode | Quantity | Delivery Days | Additional Requirement |
|---|---|---|---|---|---|---|---|
| Rajarajan V | 600014,Indian Bank, Corporate Office, 254-260, Avvai Shanmugam Salai, Royapettah, Chennai | Chennai | Tamil Nadu | 600014 | Project / Lumpsum Based | - | Total Sum Insured : 1250000000 |
Authority Records
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Documents 9
GeM-Bidding-10049757.pdf
Main Document
Other Documents
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Other Documents
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GEM General Terms and Conditions Document
GEM_GENERAL_TERMS_AND_CONDITIONS
GEM General Terms and Conditions Document
GEM_GENERAL_TERMS_AND_CONDITIONS
Categories
1
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Required Documents
GST registration certificate
PAN card
Experience certificates in D&O liability insurance for banks
Financial statements or turnover proof as required by ATC
EMD submission documentation (if specified in ATC)
Technical bid documents and policy wordings
OEM/Underwriter authorizations or endorsements (if applicable)
Frequently Asked Questions
Key insights about TAMIL NADU tender market
How to bid for Director and Officer liability insurance tender in Chennai 2026
Bidders should review the ATC/SLA attached to the tender for exact coverage limits, exclusions, and required declarations. Prepare GST, PAN, experience certificates, financials, and policy wordings. Ensure your underwriter affiliation and bank-specific D&O experience are clearly demonstrated in the technical bid.
What documents are required for D&O liability bid in Chennai
Submit GST registration, PAN, experience certificates in banking D&O insurance, financial statements, insurer authorization letters, and technical bid documents. Include copies of policy wordings demonstrating coverage limits and regulatory compliance as specified in the ATC/SLA attachments.
What are the coverage limits for Indian Bank D&O insurance tender
The exact coverage limits are defined in the ATC/SLA; bidders must refer to these attachments. Ensure your proposal aligns with bank governance risk requirements and provides clear limits per insured party and aggregate limit as specified.
When is the procurement timeline for the Chennai D&O tender 2026
Public data does not disclose start or end dates; verify timelines in the ATC/SLA. Align bid submission with the bank’s procurement calendar and ensure timely responses to all bid amendments issued via the portal.
What are the payment terms for Indian Bank D&O insurance supply
Payment terms are specified in the SLA; bidders should confirm whether premiums are payable upfront, via installment, or upon policy activation. Review the SLA for invoicing milestones and settlement timelines after policy issuance.
What qualifications demonstrate eligibility for banking D&O insurance bids
Eligibility requires a licensed insurer with banking sector D&O underwriter experience, GST registration, PAN, and financial robustness. Evidence of prior governance-risk insurance for banks should be included in the technical bid per ATC requirements.
What is required to verify EMD and submission in this tender
EMD details are not disclosed publicly; bidders must check the ATC for EMD amount or exemption. Prepare the required bid security document, ensure online submission complies with portal guidelines, and attach all requested annexures and endorsements.
How to ensure compliance with ATC/SLA for this Chennai bid
Download and study the ATC and SLA from the tender portal; ensure policies address bank risk, D&O coverage limits, exclusions, claim handling, response times, and service levels. Align your submission with mandatory declarations and certification requirements.