Union Bank Of India Tender

Work Description - Notice For Inviting Tenders For Renewal Of Insurance Policies For Bank Assets For The Period

Union Bank of India, a Central Government Ministry/Department, invites open tenders for the renewal of insurance policies covering Bank Assets for a specified period, under Tender Reference Number PROC/0048/01/2025, Tender ID 2025_UBoI_802380_1. This tender, categorized as a service, has an estimated value of ₹8,00,00,000. Interested parties can download tender documents from 20-Jun-2025 10:00 AM to 09-Jul-2025 03:00 PM. Bid submission commences on 20-Jun-2025 10:30 AM and concludes on 09-Jul-2025 03:00 PM. The bid opening date is scheduled for 09-Jul-2025 03:30 PM. There is no tender fee or EMD required for this tender. The tender comprises two covers: a Technical Bid in .pdf format and a Commercial Bid in .xls format. Prospective bidders must possess a valid license for the IRD market, demonstrate sufficient market share, and provide financial statements along with experience in serving insurance policies, etc. A pre-bid meeting is scheduled for 25-Jun-2025 11:00 AM at the Asst. General Manager's office, Procurement Dept, 4th Floor, Central Office, 239 Vidhan Bhavan Marg, Nariman Point, Mumbai-400021, Pincode: 400021. The period of work is 365 days and the bid validity is 120 days. Clarifications can be sought between 20-Jun-2025 10:00 AM and 24-Jun-2025 06:00 PM. The AGM (PROC DEPT) is the Tender Inviting Authority and can be contacted at the aforementioned address.