RBI to spend ₹21.21 crore on 18-month employee life insurance policy
The Reserve Bank of India (RBI) is inviting bids for a Group Term Life Insurance Policy covering approximately 14,552 employees for the period from October 01, 2026, to March 31, 2028.
The document states that bidders must qualify as per the Eligibility Criterion set forth by the Bank as per guidelines, but the specific thresholds (such as minimum turnover, years of experience, or required certifications) are not stated in the provided text. Bidders must submit bids electronically on the CPP Portal using a valid Digital Signature Certificate (Class III).
- Estimated value of tender: ₹21.21 Cr. (Incl of GST) for an eighteen-month period
- Tender type: e-tendering system (online Part I - Technical Bid and Part II – Financial Bid)
- Bid submission deadline: September 19, 2026, at 1800 hrs
- Pre-bid meeting: September 10, 2026, at 1100 hrs (Offline)
- Insurance Broker: M/s. Marsh India Insurance Brokers Pvt. Ltd
- Contract duration: October 01, 2026, to March 31, 2028
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Notice
2026-09-07
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Document details
| Official title | Group Term Life Insurance Policy for Employees of Reserve Bank of India from October 01, 2026, to March 31, 2028, Mumbai |
| Source body | Reserve Bank of India (RBI) |
| Reference number | 25768 |
| Status | active (current) |
| Year | 2026 |
| Closing date | 2026-09-19 |
| Documents | 1 |