Request For Proposal (RFP) for Group Term Life Insurance (GTLI) coverage under Group Insurance Arrangement to Salary Accounts of Employees of Government Department/ Other Corporate Organisations

Punjab and Sind Bank · New Delhi, Delhi · Other · open

Key facts

Published: 30 Sep 2026
Closing date: 20 Oct 2026
Status: open
Status as of: 06 Oct 2026 05:27 UTC
Department: Strategy Department
Office: Head Office, New Delhi

Description

Punjab and Sind Bank invites proposals from IRDAI-licensed insurance companies for the renewal of Group Term Life Insurance policy for employees maintaining salary accounts with the bank. The policy covers life insurance for eligible personnel, with a policy period of one year, including details on scope, eligibility, coverage, claim procedures, and terms for renewal and evaluation.

Eligibility & requirements

Experience required: 5 years
Past performance: 85%
Startup relaxation: No
MSE relaxation: No
Documents required: IRDAI license copy, Certificate of incorporation, Balance sheet FY 2025-26, Reference letter for bank group insurance

New to these terms? Read how tender eligibility criteria work.

Commercial terms

Bid type: Open
Evaluation: L1 based on total premium
Make in India (MII): No
MSE preference: No

Line items (1)

Group Term Life Insurance Policy — Qty: 1 year

1 tender document(s) available — sign up to download.

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