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.
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.
- 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
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The original document
Notice
2026-08-04
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Document details
| Official title | Request for Proposal for the Group Term Life Insurance Policy for employees of Reserve Bank of India from September 01, 2026 to March 31, 2027, Mumbai |
| Source body | Reserve Bank of India (RBI) |
| Reference number | 25612 |
| Status | closed (current) |
| Year | 2026 |
| Closing date | 2026-08-20 |
| Documents | 1 |