Rfp For Transit Open Marine Insurance Policy For All Assets Of The Bank For Period 2026 27

Work Description - Rfp For Transit Open Marine Insurance Policy For All Assets Of The Bank For Period 2026-27

Union Bank of India, a Central Government Ministry/Department, invites open tenders for an RFP for Transit Open Marine Insurance Policy for all assets of the Bank for the period 2026-27. The tender reference number is GEM/2026/B/7487543, and the Tender ID is 2026_UBoI_836518_1. This service-based tender, valued at ₹1,50,000, requires bidders to submit both a Technical Bid (Cover 1 in .pdf format) and a Commercial Bid (Cover 2 in .xls format). Key dates include: Document Download End Date and Bid Submission End Date of May 22, 2026, at 03:00 PM; Bid Opening Date of May 22, 2026, at 03:30 PM; Document Download Start Date and ePublished Date of April 29, 2026, at 05:00 PM; and Bid Submission Start Date of April 30, 2026, at 10:00 AM. A Pre-Bid Meeting is scheduled for May 08, 2026, at 11:00 AM online. There is no EMD or Tender Fee required. The Tender Inviting Authority is Asst. General Manager, Procurement, located at Asst. General Manager, Procurement Dept, 1st Floor, Central Office, Union Bank Bhavan, 239 Vidhan Bhavan Marg Nariman Point, Mumbai- 400021. Bidders must have a valid license from IRDA, a suitable claim settlement ratio, experience in serving Transit Marine Policies, and solvency ratios as per the RFP. The period of work is 365 days, and the bid validity is 90 days.