Punjab National Bank Liability Insurance Indemnity Insurance Tender Delhi Central 2026
Bid Publish Date
07-Oct-2026, 6:20 pm
Bid End Date
22-Oct-2026, 4:00 pm
Value
₹3,00,000
Location
Progress
Tender Overview
Punjab National Bank invites bids for Liability Insurance Service (Indemnity insurance) in CENTRAL DELHI, DELHI - 110002 with an estimated value of ₹300,000. The scope covers standard indemnity liability insurance for banking operations, aligning with ATC terms. Key differentiator is the disclosed ATC 25% variation right, allowing controlled scope/duration adjustments prior to contract award. Bidders should prepare to demonstrate capability to provide liability coverage that meets banking sector norms and attach the required bid documents as per the ATC clauses. This opportunity targets insurers capable of servicing a prominent national bank within an urban center and requires compliance with the buyer-specified terms in the ATC. Unique clause: up to 25% increase in scope or duration before/after contract issuance, with consent. The procurement context is formal bank liability coverage, with emphasis on contract flexibility and standard risk transfer.
Technical Specifications & Requirements
- Service: Liability Insurance Service / Indemnity insurance for banking operations
- Estimated Value: ₹300,000
- Location/Jurisdiction: CENTRAL DELHI, DELHI - 110002
- ATC Clause: Buyer may increase/decrease contract quantity or duration by up to 25%; post-issuance adjustments confirmable within that cap
- Bid Documentation: Annexure letters and declarations including Nil Deviation, Covering Letter, Undertaking, and Authorized Signatory Certificate (as per Annexures C, D, E)
- BOQ: No items listed; no quantitative BOQ data available
- Standards/Compliance: Not explicitly specified in tender data; bidders should align with typical banking liability insurance standards and ensure documentation readiness
- Delivery/Implementation: No delivery schedule published; insurance coverage terms to be defined in contract terms
- Experience: Documentation of authority to sign bids required; demonstrable capacity to issue indemnity coverage to a financial institution is implied in ATC terms
Terms, Conditions & Eligibility
- EMD: Not specified in the tender data
- Delivery/Contract Flexibility: ATC 25% variation in quantity/duration before contract issuance; post-issuance variance limited to 25%
- Documents Required: Nil Deviation Declaration (Annexure C), Covering Letter (Annexure D), Undertaking (Annexure E), Authorized Signatory Certificate
- Authorization: Bidder must submit authority to sign bid from a competent official
- Clarifications/ATC View: ATC document uploaded for bidder reference; ensure compliance with all listed annexures
- Payment/Financial Terms: Not detailed in data; bidders should await contract terms
- Warranty/Support: Not specified; typical bank liability insurance terms apply upon award
Key Specifications
-
Liability Insurance Service for banking operations
-
Estimated value: ₹300,000
-
Location: Central Delhi, Delhi 110002
-
ATC variation: up to 25% quantity/duration pre-issuance; up to 25% post-issuance
-
Documentation: Nil Deviation Declaration, Covering Letter, Undertaking, Authorized Signatory Certificate
-
Delivery/implementation details not specified in scope; contract terms to define coverage limits and exclusions
Terms & Conditions
-
ATC permits ±25% change in scope or duration before contract issuance
-
Nil Deviation Declaration and related Annexures required for bid submission
-
Authorized signatory and bidder authorization documents are mandatory
Important Clauses
Payment Terms
Not specified in tender data; await contract terms
Delivery Schedule
Not specified in tender data; coverage period to be defined in contract
Penalties/Liquidated Damages
Not specified in tender data; check final ATC and contract terms
Bidder Eligibility
-
Competent authority to sign bids (Authorized Signatory Certificate)
-
Ability to provide liability/indemnity insurance for a banking customer
-
Compliance with Annexure C-D-E documentation and Nil Deviation declarations
Tender Data
Bid Details
Quantity
1
Bid Type
Two Packet Bid
Bid Validity
90 (Days)
Bid Type
Service
Evaluation
Total value wise evaluation
Tech Clarification Time
2 Days
Preference & Exemptions
EMD Required
No
MII Compliance
Yes
MSE Exemption/Relaxation
Yes
Startup Exemption/Relaxation
Yes
Bid Splitting Applied
No
Additional Tender Data
Commercial Details
Tender Category
Service
Bid To RA
No
Bid To RA Enabled
No
Item Category
Liability Insurance Service - Indemnity insurance, As per ATC
Payment Timelines
Payments shall be made to the Seller within 30 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)
Pre-Bid & Qualification
Pre-Bid Date
13-10-2026 12:00:00
Pre-Bid Venue
HO:CPPD, 4th Floor,5 Sansad Marg, New Delhi 110001
Delivery Details
Delivery Locations
1
Delivery Cities
New Delhi
Delivery Pincodes
110001
Delivery Locations
| Consignee | Address | City | State | Pincode | Quantity | Delivery Days | Additional Requirement |
|---|---|---|---|---|---|---|---|
| Ravindra Chand | 110001,5, Sansad Marg, New Delhi | New Delhi | Delhi | 110001 | Project / Lumpsum Based | - | Total Sum Insured : 50000000 |
Authority Records
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Documents 8
GeM-Bidding-9969442.pdf
Main Document
Other Documents
OTHER
Other Documents
OTHER
Other Documents
OTHER
Other Documents
OTHER
Buyer uploaded ATC document
ATC
GEM General Terms and Conditions Document
GEM_GENERAL_TERMS_AND_CONDITIONS
GEM General Terms and Conditions Document
GEM_GENERAL_TERMS_AND_CONDITIONS
Corrigendum Updates
2 Updates Update
Update
Extended Deadline
22-Oct-2026, 10:30 am
Opening Date
23-Oct-2026, 10:30 am
Categories
1
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Required Documents
GST registration certificate
PAN card
Experience certificates showing prior liability/indemnity insurance for banking sector
Financial statements or turnover proof
EMD/Security deposit documentation (if required by final ATC)
Technical bid documents
OEM authorizations or insurer authorization (if applicable)
Nil Deviation Declaration Letter (Annexure C)
Covering letter on bidder's letterhead (Annexure D)
Undertaking by Bidder on bidder's letterhead (Annexure E)
Authorized signatory certificate
Frequently Asked Questions
Key insights about DELHI tender market
How to bid on the liability insurance tender in Delhi 2026?
Bidders should prepare Annexure C Nil Deviation Declaration, Annexure D covering letter, Annexure E Undertaking, and an Authorized Signatory Certificate. Include the capacity to provide indemnity insurance for a banking client and ensure alignment with ATC 25% variation terms before contract issuance.
What documents are required for the PNB liability insurance tender in Delhi?
Submit GST registration, PAN card, banking sector indemnity experience certificates, financial statements, and EMD documents if applicable. Include Annexure C, D, E, and the Authorized Signatory Certificate to validate bid authority.
What is the estimated contract value and scope for this insurance tender?
The estimated value is ₹300,000. The scope is liability/indemnity insurance for banking operations, with potential scope adjustment up to 25% under ATC conditions before contract issuance.
What is the ATC variation clause for this Delhi insurance bid?
The ATC allows the buyer to adjust contract quantity or duration by up to 25% before issuance, and up to 25% after contract issuance with consent, applying to lumpsum service contracts as appropriate.
What standards or compliance are required for Punjab National Bank liability insurance?
Standards are not explicitly listed in the tender data; bidders should align with typical banking indemnity insurance standards and ensure coverage terms meet banking risk transfer practices.
When will the final contract terms and payment schedule be disclosed?
Final terms, including payment schedule and delivery/coverage timelines, will be defined in the contract after bid evaluation and award, following ATC compliance and negotiation with the selected bidder.
What documents prove bid authority for the Delhi liability insurance tender?
Submit an Authorized Signatory Certificate and the Undertaking by Bidder (Annexures C-D-E) to confirm the bidder’s legal signing authority and compliance readiness for the liability insurance contract.
What procurement organization is issuing the Delhi indemnity insurance bid?
Punjab National Bank, Banking Sector procurement, for coverage in Central Delhi, 110002, with an estimated value of ₹300,000 and ATC-based quantity/duration adjustments.