Open tender · India · Cyber Insurance Services As Per Rfp; Mandatory; Annually
Cyber Insurance Services - as per RfP; Mandatory; Annually
Ministry of Finance in India is inviting bids for “Cyber Insurance Services - as per RfP; Mandatory; Annually”. Bids close on 15 October 2026, 15:00 IST. Reference: GEM/2026/B/8078721. Who can bid: At least 3 years of past experience providing similar services to a Central or State Government organisation or a public sector undertaking; Completed similar services in the last three years meeting one of three value thresholds: three at 40%, two at 50%, or one at 80% of the estimated cost. askTender lists every requirement to qualify and checks whether your company meets them.
The tender in brief
Annual cyber insurance for a state-owned bank, for insurers with three years of similar government or PSU work
The Small Industries Development Bank of India, under the Ministry of Finance, is buying annual cyber insurance coverage as described in its request for proposal. The policy runs from 01-12-2026 to 30-11-2027, with a total sum insured of 1500000000 and an estimated bid value of 15000000 Indian rupees. The contract is for one year, with an option to increase or decrease quantity or duration by up to 50 percent.
Who can win it
- At least 3 years of past experience providing similar services to a Central or State Government organisation or a public sector undertaking
- Completed similar services in the last three years meeting one of three value thresholds: three at 40%, two at 50%, or one at 80% of the estimated cost
- For bidders from a country sharing a land border with India: registration with the Competent Authority
Key facts
- Contract period
- 1 year, from 01-12-2026 to 30-11-2027
- How bids are judged
- Total value wise evaluation; MSE purchase preference up to L1+15%
- Published
- 24 Sep 2026
- Reference
- GEM/2026/B/8078721
Before you bid, askTender
Everything else is in your askTender account
The requirements to qualify, the eligibility check and the bid documents for this tender are in your askTender account.
- What it takes to qualify: every requirement, in the tender’s own words
- Whether your company qualifies: your profile checked against each requirement, showing what you have, what’s missing and how to close the gap
- The documents to file: a checklist, with draft declarations ready to sign
- A bid partner for any requirement you can’t meet alone
- The tender documents, ready to open
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Public data: Government e-Marketplace, Government of India. · Sources & licences