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Date : Feb 26, 2024
Corrigendum - RFP for OPD Policy for Pensioners of Reserve Bank of India April 1, 2024, to March 31, 2025, Mumbai

Extension of Last Date of Submission

Minutes of the Pre-bid Meeting

(Tender No.: RBI/HRMD-CO Central Office Departments/Others/5/23-24/ET/530)

Please refer to the tender notice on Request for Proposal (RFP) for OPD Policy for Pensioners of Reserve Bank of India published on the Bank's Website on February 13, 2024 inviting application from eligible bidders through e-tender on MSTC Portal (https://www.mstcecommerce.com/eprochome/rbi/)

2. The captioned tender is amended as follows:

Sr. No. Reference in RFP Existing Instructions Proposed Instructions
1 SCHEDULE OF TENDER (SOT) Tenders are invited by Reserve Bank of India (hereinafter referred as the 'Bank') for the Group Mediclaim Policy for Outpatient Department (GMP-OPD) offered to the Bank's pensioners. The Bank has authorised M/s Global Insurance Brokers Private Limited to solicit proposals through a two-stage bidding process (comprising of Technical and Commercial Bids) from IRDAI licensed General Insurance Companies operating in India for GMP-OPD programme offered to its retired employees who are drawing pension. To be read as:
IRDAI Licensed 'Non-Life' Insurance companies operating in India
2 Part 2: General Information
Point No. 3
Page No. 13
This RFP provides following information to enable you to prepare and submit proposals for consideration by the Bank:

- Proposed Plan Design for policy

- Employee and Spouse demography data

- Claims data for current policy insured pensioners aged 70 years and above as on January 31, 2024.
  • December 31, 2023, for Policy Period 2023-24 (Current year)

  • April 1, 2022, to March 31, 2023 (Last Year)

This RFP provides following information to enable you to prepare and submit proposals for consideration by the Bank:

- Proposed Plan Design for policy

- Employee and Spouse demography data

- With respect to the claims data, the Bank will be sharing the claims data dump as below:
  • April 1, 2023, to March 31, 2024, as on January 29, 2024

  • April 1, 2022, to March 31, 2023, as on January 29, 2024

  • January 1, 2022, to March 31, 2022 (Extension Policy) as on January 29, 2024

  • January 1, 2021, to December 31, 2021, as on January 29, 2024

3 Part 5: RFP Terms and Conditions: (j) Other Rights,
Point No. xv
Page No. 27
The Bank may at its discretion extend the policy till March 31, 2025. Such extension, if considered, will be on existing terms and conditions. Premium charged for this extension period by the bidder/insurance company will be as per bid quoted in Annex 2 of the RFP. The decision of the Bank will be final in this regard. Deleted.

2. All the bidders are requested to take note of above amendments as well as minutes of the pre-bid meeting, before quoting their rates in price bid at MSTC portal. All other terms and conditions will remain the same.

3. It may be noted that this corrigendum shall form part of the tender. The submission of bid by the firm shall be construed to be in conformity to the bid document and amendments/ clarifications given above. All the bidders are also advised to upload the duly signed copy of this corrigendum along with tender and required documents on MSTC portal.

Chief General Manager-In-charge
Human Resource Management Department
New Central Office Building,
Reserve Bank of India
Mumbai – 400001

February 23, 2024



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