Union Bank Of India Tender

Work Description - Rfp For Group Term Life Insurance Policy For Salaried Ac Holders Of The Bank

Union Bank of India, a Central Government Ministry/Department, invites open tenders for a Request for Proposal (RFP) for Group Term Life Insurance Policy for Salaried Account holders of the Bank. The estimated tender value is ₹7,75,00,000. This is a service-oriented tender categorized under Miscellaneous Services, specifically insurance. The tender reference number is GEM/2026/B/7176068, and the Tender ID is 2026_UBoI_827809_1. Key dates include the document download end date and bid submission end date of February 21, 2026, at 03:00 PM, and the bid opening date is February 21, 2026, at 03:30 PM. Bid submission commences on February 3, 2026, at 10:00 AM. A pre-bid meeting is scheduled for February 6, 2026, at 11:00 AM, to be held Online/Offline at Procurement Dept, 1st Floor, Union Bank Bhavan, 239 Vidhan Bhavan Marg, Nariman Point, Mumbai, Pin-400021. The bid validity period is 90 days, and the contract period is 365 days. The tender involves a two-cover system: a Technical Bid (Cover 1, .pdf) and a Commercial Bid (Cover 2, .xls). No EMD or Tender Fee is applicable. Bidders should possess a valid insurance license company registration experience in placing insurance policy and other details as per the RFP document. The Tender Inviting Authority is the Dy. General Manager, Procurement, located at the same address as the pre-bid meeting.