Canara Bank : RFP FOR INSURANCE COVERAGE ON CONTENTS IN SAFE DEPOSIT LOCKER


REQUEST FOR PROPOSAL [RFP] FOR

INSURANCE COVERAGE ON CONTENTS IN SAFE DEPOSIT LOCKER

Issued by:

Canara Bank,

F&B Section, 3rd Floor, General Administration Wing, Dwarakanath Bhavan, Head Office Annexe, 29, K R Road,

Bengaluru – 560 004. Tel no. 080-26623449 Email – hofb@canarabank.com

Bid Details in Brief

Sl. No.

Description

Details

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RFP No. and date

RFP- GAW/FB/LOCKER INSU/ 01/2022-23

Dtd: 22.11.2022

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Brief Description of the RFP

To Cover the Loss on the contents in Branch

Lockers which are affected due to incidents

like robbery, Burglary / Larceny/ Dacoity /, Fire, Natural Calamity, War, Strike, Riot, Civil Commotion, Political Violence etc.

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Bank’s Address for

Communication

Date of Issue

Last Date of Submission of Queries for Pre Bid Meeting

Date of Pre-Bid Meeting

Date of Replies to Queries

Last Date of Submission of

Bids

Date and time of Opening of Technical Bid

Date and time of Opening of Financial Bid with Reverse Auction Method.

Coverage of insurance

Date of Commencement

Cost of application /tender documents.

Insurance Brokers

Deputy General Manager Canara Bank, F & B Section,

Head Office, G A Wing, 3rd Floor, 29 K R Road, Dwarakanath Bhavan, Bangalore -560 004

Tel – 080-2661864

Email: hofb@canarabank.com

22.11.2022

01.12.2022 AT 2:00PM

02.12.2022 AT 3:00PM

03.12.2022

13.12.2022 AT 3.00PM

13.12.2022 AT 3.30PM

15.12.2022 AT 3.00PM

FROM 01.01.2023 TO 31.12.2023

FROM 01-01-2023

FREE OF COST

M/s Anand Rathi Insurance Brokers Ltd.

10th Floor Regent Chambers,

Jamnalal Bajaj Marg, Nariman Point,

Mumbai – 400 021.

This document can be downloaded from Bank’s website www.canarabank.com, https://gem.gov.inand also from National Information Centre (NIC) website http://www.tenders.gov.in.

The Tender processing will be done only through Government e- Market Place Portal.

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RFP: GAW/FB/LOCKER INSU/ 01/2022-23

DISCLAIMER

The information contained in this Request for Proposal Document (RFP Document /Bid Document) or information provided subsequently to bidder(s) or applicants whether verbally or in documentary form by or on behalf of Canara Bank, is provided to the bidder(s) on the terms and conditions set out in this RFP Document and all other terms and conditions subject to which information is provided.

This RFP Document is not an agreement and is not an invitation to offer by Canara Bank to any party/(ies) other than the applicants who are qualified to submit the bids (“Bidders”). The purpose of this RFP document is to provide the Bidder(s) with information to assist the formulation of their proposals. This RFP document does not claim to contain all the information each bidder may require. Each bidder should conduct its own independent investigation and analysis and is free to check the accuracy, reliability and completeness of the information in this RFP document and wherever necessary obtain independent information.

Canara Bank and its employees make no representations or warranty and shall incur no liability under any law, statute, rules or regulations as to the accuracy, reliability or completeness of this RFP Document. Canara Bank may in its absolute discretion, but without being under any obligation to do so, update, amend or supplement the information in this RFP Document. Such change will be published on the Bank’s Website and it will become part and parcel of RFP.

The Bank also accepts no liability of any nature whether from negligence or otherwise, however caused arising from reliance of any bidder upon the statements contained in this RFP.

The issue of the RFP does not imply that the Bank is bound to select a bidder or to appoint the selected bidder, as the case may be, for the purposes of RFP and the Bank reserves the right to reject all or any of the bidder or bids without assigning any reason whatsoever.

The bidder shall bear all the costs associated with or relating to the preparation and submission of the bid including but not limited to preparation, copying, postage, internet charges, delivery fees, expenses associated with any demonstrations or presentations which may be required by the Bank or any other costs incurred in connection with or relating to the bid. All such costs and expenses will remain with the bidder and the Bank shall not be liable in any manner whatsoever for the same or for any other costs or other expenses incurred by a bidder in preparation or submission of the Bid, regardless of the conduct or outcome of the bidding process.

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RFP: GAW/FB/LOCKER INSU/ 01/2022-23

CONTENTS

Clause No.

TOPIC

  • Cancelation / Rejection of the Tender
  • SLA by Selected Company
    10 -12 Other Conditions
  1. Insurance Brokers
  2. Others

ANNEXURES

  • Pre Contract Integrity Pact Agreement.
  • SLA with the Bank by Selected Service Provider.

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RFP: GAW/FB/LOCKER INSU/ 01/2022-23

1. ABOUT CANARA BANK:

CANARA BANK, a body Corporate and a premier Public Sector Bank established in the Year 1906 and nationalized under the Banking Companies (Acquisition and Transfer of Undertakings) Act, 1970, having its Head office at 112, J C Road Bengaluru-560002 and among others is having G A Wing at 3rd Floor, Dwarkanath Bhavan, 29, K R Road, Bengaluru 560004. The Bank is having pan India presence of 9714 branches, 176 Regional Offices and 24 Circle offices situated across the States and presence abroad. The Bank is working on Core Banking System using Flexcube solutions. The Bank is providing various services to its customers including the safe deposit locker facilities.

The Bank intends to avail Insurance Cover for Contents of Safe Deposit Locker.

  1. DEFINITIONS:
    BANK means , unless excluded by and repugnant to context or the meaning thereof, shall mean CANARA BANK, described in more detail in paragraph 1 above and which has invited bids under this RFP and shall be deemed to include it successors and permitted assigns.
    RFP means this Request for Proposal for availing Insurance Cover for Contents of Safe Deposit Locker.
    BIDDER means an Insurance Company submitting the proposal in response to RFP.
    CONTRACT means the RFP document and acceptance thereof and the agreement duly executed between the Canara Bank and the successful bidder together with the documents referred to therein including the conditions and instructions from time to time by the Bank.
    The Objective of the RFP is to invite offers from eligible entities for Insurance Coverage of Contents of Safe Deposit Lockers provided to its branches PAN India as per the details given in Annexure – 3. The issue of tenders, submission of Bids, scrutiny, entrustment etc will be done through Government e – Market place portal.
  2. Eligibility criteria.
    Insurance Companies who satisfy the following criteria are only eligible to apply for the RFP.
    1. INSURANCE COMPANIES OF REPUTE BOTH IN PUBLIC & PRIVATE SECTORS WHO POSSESS CLAIMS PAYMENT ABILITY ‘A’ RATING AND ABOVE FROM APPROVED RATING AGENCIES.
    2. ONLY WELL ESTABLISHED & REPUTED INSURANCE COMPANIES LICENSED BY IRDAI AND REGISTERED UNDER COMPANIES ACT 2013 OR ANY EARLIER COMPANIES ACT, WITH MORE THAN 5 YEARS ESTABLISHMENT AS ON 30.09.2022, ARE ELIGIBLE TO SUBMIT THE QUOTES/BIDS. INSURANCE COMPANY HAS TO SUBMIT COPIES OF THE LICENSE ISSUED BY IRDAI FROM INCEPTION SELF ATTESTED BY AUTHORIZED SIGNATORY OF THE BIDDERS INSURANCE COMPANIES.
    3. INSURANCE COMPANIES SHOULD HAVE SERVED AT LEAST 1 PSB (NATIONALIZED BANK) / SBI / PRIVATE SECTOR BANKS HAVING PAN INDIA BRANCH NETWORK OF MORE THAN 500 BRANCHES, COVERING BANKERS INDEMNITY OR ANY SPECIALISED POLICIES FOR THE BANKS, DURING ANY OF THE FOUR FISCAL i.e., 2019-20,2020-21,2021-22 & FOR CURRENT FINANCIAL YEAR 2022-23 (AS ON DATE).

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RFP: GAW/FB/LOCKER INSU/ 01/2022-23

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Disclaimer

Canara Bank Ltd. published this content on 22 November 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 22 November 2022 06:35:02 UTC.

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Nbr of Employees 86 919
Free-Float 35,6%



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