Union Bank Of India Tender

Work Description - Tender For Renewal Of Directors And Officers Liability Insurance Policy Through Gem Portal

Union Bank of India, a Central Government Ministry/Department, invites open tenders through the GeM portal for the renewal of its Directors and Officers Liability Insurance Policy. The estimated tender value is ₹15,00,000. The Tender Reference Number is GEM/2025/B/6847478. Key dates include the document download start and end dates of November 3rd, 2025, and November 17th, 2025, respectively, with both ending at 3:00 PM. The bid submission period commences on November 4th, 2025, at 10:00 AM and concludes on November 17th, 2025, at 3:00 PM. Bids will be opened on November 17th, 2025, at 3:30 PM. A pre-bid meeting will be held online on November 7th, 2025, at 11:00 AM in Mumbai. Interested bidders should possess a valid license from IRDA, demonstrate financial stability through the provision of financial statements for the last three years, and exhibit experience in serving Directors and Officers Insurance Policies as detailed in the RFP. The tender is for a period of 365 days. There is no EMD or tender fee required. The tender includes two covers: a technical bid (Cover 1, .pdf) and a commercial bid (Cover 2, .xls). The Tender Inviting Authority is the Dy General Manager, Procurement Dept, 1st Floor, Central Office, Union Bank Bhavan, 239 Vidhan Bhavan Marg, Nariman Point, Mumbai- 400021.