India Post Payment Bank Limited Asset Insurance Tender Central Delhi 2026 - All Risk, Electronic Equipment, Cyber, D&O Coverage

Tender Overview

Organization: India Post Payment Bank Limited (Department of Posts) – seeking comprehensive insurance coverages in CENTRAL DELHI, DELHI. Categories include Asset Insurance (All Risk Policy), Electronic Equipment Insurance, Cyber Insurance, Bankers Indemnity Insurance, Indemnity Insurance, Director and Officer liability coverage, and Professional Indemnity Insurance. Scope spans multiple insurance types per the RFP, with an option clause allowing quantity or duration adjustments up to 25%. No BOQ items listed; no explicit start/end dates or estimated value disclosed. The tender references an ATC document and a generic quantity/scope adjustment clause affecting lumpsum contracts. This procurement targets risk mitigation across government asset and liabilities managed by IPB.

Technical Specifications & Requirements

• Product/Service Names: Asset Insurance (All Risk Policy); Electronic Equipment Insurance; Cyber Insurance; Bankers Indemnity Insurance; Indemnity Insurance; Director and Officer Liability Coverage; Professional Indemnity Insurance.
• Delivery/Service Scope: Insurance policies aligned with the RFP; terms to be clarified in the main RFP and ATC document uploaded by the buyer.
• Standards & Compliance: No explicit standards listed in the available data; bidders must reference IS/ISO or regulatory guidelines as applicable in the final RFP.
• Value Indicators: No estimated value or EMD amount disclosed; no BOQ quantity data present.
• Key Differentiators: Multi-policy, integrated risk management for government assets and liabilities; ATC governs quantity/term adjustments up to 25%.
• Timeline & Milestones: Start/End dates not published in the provided data; bidders should monitor the RFP and ATC for delivery/completion expectations.

Terms, Conditions & Eligibility

• EMD/Security: No explicit amount provided in the published data; verify in final RFP/ATC.
• Experience & Turnover: Not specified in the excerpt; bidders should satisfy standard insurance procurement eligibility as per IPB/RFP.
• Delivery & Performance: 25% scope/quantity adjustment permitted; after contract issuance, same 25% limit applies for changes.
• Payment Terms: Not disclosed in the available information; confirm in the final RFP.
• Documentation: Submit standard bidder documents (GST, PAN, experience certificates, financials, EMD, OEM authorizations) per terms; ATC will specify additional compliance.
• Warranty/Penalties: No penalties or warranty details provided in data; refer to final RFP for SLA and LD terms.