Bihar Gramin Bank Liability Insurance Service Indemnity Insurance Tender Patna Bihar 2026

Tender Overview

Bihar Gramin Bank, a Regional Rural Bank based in Patna, Bihar, is seeking a liability insurance service focused on indemnity insurance. The procurement scope is described as an insurance service for indemnity coverage, with no BOQ items published. The tender specifies an ATC clause allowing quantity or duration adjustments up to 25% at contract issuance or after, requiring bidders to accept revised terms. The opportunity targets insurers experienced in corporate liability products and government-backed indemnity policies, with procurement aligned to Bihar state banking operations. The emphasis on flexibility in contract scope is a key differentiator, indicating a need for adaptable coverage and pricing models tailored to bank liabilities. This tender highlights standard buyer terms, with all scope defined in the accompanying RFP. The location is Patna, Bihar, making it a state-focused procurement for the Bihar Gramin Bank network.

Technical Specifications & Requirements

• Product/Service: Liability Insurance Service – Indemnity insurance for corporate banking liabilities
• Quantity/Scope: Not published; governed by RFP and possible quantity adjustments up to 25% per ATC
• Standards/Certifications: Not specified in the data; bidders should reference applicable insurance compliance norms and statutory requirements for indemnity policies
• Delivery/Implementation: To be determined per RFP; expected to align with bank operations in Patna, Bihar
• Experience: Required to meet government-backed indemnity policy criteria and insurer credentials; attach experience in similar indemnity/ liability coverages
• Notes: All terms and scope to be confirmed in the attached RFP; no BOQ items are listed

Terms, Conditions & Eligibility

• EMD: Not disclosed in available data
• Delivery Timeline: Not specified here; to be defined in RFP
• Payment Terms: Not disclosed in provided data
• ATC Clause: Quantity/duration may be increased up to 25%; must be accepted by bidders
• Documents: Standard bid submission requirements to be confirmed in the RFP; GST/PAN/financials typically required
• Warranty/Support: Not detailed; likely governed by insurance policy terms in the RFP
• Eligibility: Insurers with valid licenses and experience in indemnity/liability insurance for banking operations in Bihar