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Liability Insurance Service - Director and Officer liability coverage

General Insurance Corporation of India · Mumbai, Maharashtra · Other · open

Key facts

Description

Tender for providing Director and Officer liability insurance coverage for the Department of Financial Services, Ministry of Finance, through General Insurance Corporation of India. The contract duration is 1 year, 3 months, and 8 days, with a bid validity of 35 days from the end date. The estimated bid value is INR 40,000,000. No EMD or ePBG required. The bid involves insurance coverage from multiple IRDA-approved insurers, with technical specifications including type of coverage, limits, and premium payment options. The process includes online pre-bid meeting, technical and financial evaluation, and purchase preference for MSEs and startups. The contract allows for a 25% increase in scope or duration, with conditions on subcontracting and assignment. The bid emphasizes compliance with labor laws and procurement regulations, and provides for TReDS payment option.

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