Work Description - Nit For Renewal Of Group Personal Accidental Policy For Debit Card And Credit Card Holders Of The Bank For The Period 2025-26

The Union Bank of India (UBoI) invites open tenders for the renewal of its Group Personal Accidental Policy covering debit and credit cardholders for the 2025-26 period (Tender ID: 2024_UBoI_781240_1; Tender Reference Number: SSD/MTN/4060/2024). The tender, managed by the Dy General Manager, Support Services Department, Union Bank Bhawan, Mumbai, requires submission of two covers: a technical bid and a financial bid. Document downloads commence December 10th, 2024, at 5:45 PM and conclude December 24th, 2024, at 3:00 PM, with bid submission closing at the same time. Bid opening is scheduled for December 24th, 2024, at 3:30 PM in Mumbai. No EMD or tender fee is required. A pre-bid meeting will be held on December 13th, 2024, at 11:30 AM at the UBoI's Support Services Department in Mumbai. Interested bidders must possess a valid insurance license from IRDAI, demonstrate a minimum four percent market share, and provide three years of financial statements as part of the pre-qualification process. The contract period is 365 days, and the bid validity is 90 days.