Debit Card invitation by gC055xCN

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									                                    Bobcards Limited
                                        Regd. Office
                                 2nd Floor, Baroda House,
                              Behind Dewan Shopping Centre
                               S V Road, Jogeshwari (west)
                                     Mumbai – 400102
                                        Maharastra


    INVITATION FOR EXPRESSION OF INTEREST FOR INSURANCE COVER
   AGAINST VARIOUS TYPES OF MISUSE OCCURRED ON THE DEBIT CARDS
            ISSUED TO THE CUSTOMERS OF BANK OF BARODA


BOBCARDS Limited is a premium Card Company and is engaged in the business of Credit
Cards Issuance and Debit Cards Management Service. The Company is a wholly owned
subsidiary of Bank of Baroda.

Under Debit card Management Service, the Company is managing the job relating to debit
card personalization for the Customers of Bank of Baroda including all back end operations
such as transaction settlement, reconciliations and logistics thereof.

In order to protect the interest of the valued customer against any unforeseen event of debit
card misuse due to card loss/misplace/ cloning /theft (including data theft/skimming)etc.,
the Company is taking insurance cover for all the debit cards on year to year basis.

The current policy is expiring by the end of this month i.e May 2012 and we intend to take a
fresh policy as per the scope defined hereunder for the next period from a suitable
insurer.[Please refer to Annexure-A]

In view of above, “Expression of Interest” (EOI) is invited from suitable insurers.

Interested Insurance Companies with prior experience of similar underwriting are requested
to submit their EOI on or before 18th of May 2012 by 5 p.m. as per the prescribed format
(enclosed as Annexure- B) through a sealed envelope super-scribing “EOI –
INSURANCE – Debit Cards”, addressed to;

                           The Vice President (HRM & Admn)
                                       Bobcards Ltd.
                                 2nd Floor, Baroda House,
                             Behind Dewan Shopping Centre
                               S V Road, Jogeshwari (west)
                                     Mumbai – 400102
                                        Maharastra
SCOPE OF THE COVER                                                      Annexure -A

  Sl. No               Particulars                              Remarks
     1       Approximate no’s of Debit                          fifty lacs
             cards proposed to be covered:
    2        Type of Cards proposed          Debit cards under various product name such
             under the cover:                as Visa Electron, Classic Maestro Debit card,
                                             Gold ‘Combi’ Debit card, VISA ’Platinum’
                                             Debit cards, Rupay Debit cards etc.

    3        Per card cover limit            Rs. 2,00,000/-

    4        Total Sum Assured:              Rs. 30,00,000/-

    5        Misuse cover includes:          Misuse arising out of:

                                                 Lost/theft/ misplace of Debit card
                                                 Cloning / Counterfeit of debit card
                                                 Data theft/identity theft through
                                                  skimming, phishing etc., resulting online
                                                  /IVRS transactions etc.
    5        Other Conditions:                   In case of Loss/theft/misplace of card the
                                                  period of cover shall be valid up to 72
                                                  hours       (excluding Sundays, declared
                                                  holidays and journey time, where the
                                                  customer is travelling) prior to the time
                                                  of hot listing.

                                                 In case of counterfeit claim (i.e for
                                                  misuse arising out of Cloning /
                                                  Counterfeit of debit card, Data
                                                  theft/identity theft through skimming,
                                                  phishing etc., resulting online /IVRS
                                                  transactions etc.,) the period of cover
                                                  shall be valid for all the transactions
                                                  occurred till hot listing of the card by
                                                  Bobcards Limited.

                                                 Monthly Pro-rata premium will be paid
                                                  for new cards during the year with
                                                  adjustment of premium paid for
                                                  closed/cancelled     cards.     Unadjusted
                                                  surplus premium, if any shall be
                                                  refundable at the end of the year

                                                 No counter suggestion/ alterations/
                                                  amendment to the scope are allowed.

IMP: Kindly enclose a duly signed and stamped copy of this scope along with your quote in the
sealed envelope.
                                        Annexure -B




The Vice President (HRM & Admn)                                             Dt.

Bobcards Ltd.
2nd Floor, Baroda House,
Behind Dewan Shopping Centre
S V Road, Jogeshwari (west)
Mumbai – 400102
Maharastra


Dear Sir,

1. In response to your invitation for expression of Interest for debit card insurance, we are
   pleased to submit our quote as under in conformity with the terms, conditions and scope
   of the EOI documents.

                     Particulars                       Rate per card per year (In Rs.)
    For all types of debit cards issued by the
    Company

    Note 1: The agreed rate per card per year shall be considered for calculation of total
    premium payable, based on the total no’s of debit cards on the date of release of
    premium.

    Note 2: Service Tax shall be chargeable extra as per the applicable rate in force.

2. We are enclosing the duly signed and stamped copy of scope document as referred in
   Annexure –A, as a mark of our acceptance to all terms and conditions as defined under
   the scope document.

   Thanking You,                                                       Sincerely,



                                                                 (Authorized Signatory)

								
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