Markets Reserve Bank of India
RBI life insurance tender valued at ₹8,20 Cr for seven months
The Reserve Bank of India (RBI) is inviting proposals from insurance companies to provide a Group Term Life Insurance Policy for its employees for the period from September 1, 2026, to March 31, 2027.
₹8,20 CrThe estimated tender value of ₹8,20 Cr is explicitly noted as being for a period of only seven months.
Who can bid: The specific eligibility criteria (such as minimum turnover, years of experience, or required certifications) are not stated in the provided text; the document directs bidders to refer to the 'Eligibility Criterion' on the CPP Portal or RBI website. Bidders must be registered on the Central Public Procurement (CPP) Portal with a valid Class III Digital Signature Certificate (DSC) issued by a Certifying Authority recognized by CCA India.
Key terms
- Estimated value of tender: ₹8,20 Cr. (Incl of GST) for a period of seven months
- Tender type: e-tendering system on CPP Portal (Two-stage: Technical and Financial Bid)
- Bid submission deadline: August 20, 2026, at 1400 hrs
- Contract duration: September 01, 2026 to March 31, 2027
- Insurance Broker: M/s. Marsh India Insurance Brokers Pvt. Ltd
Also in the document
- The estimated tender value of ₹8,20 Cr is explicitly noted as being for a period of only seven months.
- Bidders are required to submit their financial bids in a specific format provided by the tender; any modification to the BoQ file will result in rejection.
How this was written
An AI model running on our own computer read the government document and wrote this summary. No person has checked it.
✓ Figures checked. Every number in this summary was found in the document by an automated check.
That check compares numbers only. It cannot confirm that the wording says what the document says — so the original document is always the authority.
This document is in our archive but is not shown on our front pages: a person could not confirm it against the document.
The original document
Reserve Bank of India (RBI)
Tender · Ref. 25612 · 4 Aug 2026
Read it here
Discussion
No one has discussed this document yet.