Organization Details:
| Organization Name: | THE MUNICIPAL CO-OPERATIVE BANK LTD. MUMBAI |
|---|---|
| Country: | India |
| Contact Person: | |
| Address: | Harishchandra Yewale Marg, BMCG/ North Ward Office, Kasaravadi, Dadar West, Mumbai, Maharashtra 4000 , |
| Contact Details - Email: | mcbank@mcbmumbai.com |
| Phone | +91-022-2616911,2616912 |
| Notice Details: | |
| Notice Type | Tender Notice |
| Bidding Type | Other |
| Notice No. | 83079065 |
| Deadline | 2024-06-26 |
| Description | The Bank Registered under Maharashtra Co - Operative Societies Act in 1952, it comes under the purview of the banking Regulation Act. The financial Institution formed for functioning as Credit Society for all Municipal corporation Employees having 21 Branches in City of Mumbai with Deposit base of Rs. 4257.62 Crores and Advances of Rs. 3071.92 Crores as on 31st March 2024 (Unaudited). Purpose of EOI The Municipal Cooperative Bank Limited, Mumbai, intends to provide life insurance coverage to their Medium Term Loan Borrowers of the Bank as on 31 March 2024, the Bank has extended loans to 32564 members and seeking competitive quotes from all the IRDAI approved insurers. The basis on opted sum assured. To cover the above-mentioned risk, we are looking to procure Group Term Life Insurance policy for the borrowers, enabling the Bank to recover the outstanding loan amount in case of an insured event. The options of sum assured we are looking for is one of the below: Uniform cover of Rs. 2,50,000 Uniform cover of Rs. 5,00,000 Uniform cover of Rs. 7,50,000 Uniform cover of Rs. 1,000,000 Uniform cover of Rs. 16,00,000 |
| Soft Copy | Soft copy |
| Documents | Download documents |