Group Term Insurance Service - Office Staff, As Per ATC; Natural Death, Accidental Death, As Per ATC, Suicide, Animal Bite, Pre-Existing Illnesses
Punjab National Bank · New Delhi, Delhi · Other · open
Key facts
- Published: 20 Oct 2026
- Closing date: 11 Nov 2026
- Status: open
- Status as of: 21 Oct 2026 23:08 UTC
- Ministry: Ministry Of Finance
- Department: Banking Sector
- Office: Centralised Procurement And Partnership Division
Description
Punjab National Bank invites bids for group term insurance for 104039 office staff, with a lumpsum total sum insured of 260894895612. Coverage includes natural and accidental death, suicide, animal bite, and pre-existing illnesses. Single premium payment; insurance period is 01-01-2027 to 31-12-2027.
Eligibility & requirements
- Experience required: 5 years
- Startup relaxation: Yes
- MSE relaxation: Yes
- Certifications: IRDAI registration/license
- Documents required: Signed and stamped copy of the BID DOCUMENT in one go, Copy of license issued by IRDAI and latest copy of renewal fee payment receipt for the license, Audited balance sheet, or CA certificate with valid UDIN, or annual reports verifying gross written premium, Integrity Pact Annexure A, Eligibility Criteria supporting documents (Annexure B), Nil Deviation Declaration Letter on bidder's letterhead (Annexure C), Covering letter on bidder's letterhead (Annexure D), Undertaking by bidder on bidder's letterhead (Annexure E), Technical Evaluation Letter (Annexure F), Authorized signatory certificate issued by competent authority to sign bid
New to these terms? Read how tender eligibility criteria work.
Commercial terms
- Bid type: Two Packet Bid
- Evaluation: Total value wise evaluation
- Make in India (MII): Yes
- MSE preference: Yes
Line items (1)
- Group Term Insurance Service - Office Staff — Qty: 1 Lumpsum
2 tender document(s) available — sign up to download.
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