Comprehensive Assets All-Risk Insurance for Punjab National Bank

Work Description - NA

Punjab National Bank, operating under the esteemed Ministry of Finance and located at 1100015 Sansad Marg, New Delhi, is pleased to announce an open tender for the provision of comprehensive Assets Insurance Services. This procurement, identified by Bid Number GEM/2026/B/7867303, is managed by the Centralised Procurement And Partnership Division and commences on August 4th, 2026, at 6:37 PM, with submissions closing on August 18th, 2026, at 3:00 PM. The tender specifically seeks a robust all-risk insurance policy to cover a wide array of potential threats to the bank's assets. Key coverage requirements include Standard Fire and Special Perils, encompassing protection against Storm, Typhoon, Hurricane, Tornado, Flood, and Inundation (STFI). Furthermore, the policy must provide comprehensive Terrorism Cover, Earthquake Cover, and protection against Theft and Burglary. This critical tender aims to secure vital insurance services for the Banking Sector, ensuring the continued stability and security of Punjab National Bank's valuable assets.