| Tender number | RBI/Central Office/HRMD/9/25-26/ET/635 |
| Date of publication of NIT | Nov 24, 2025 |
| Nature of work | Compulsory & Voluntary (Optional) Group Term Life Insurance Policy for employees of Reserve Bank of India from February 01, 2026, to March 31, 2027 |
| Mode of tender enquiry | Online (E-tender) |
| Type of bidding (single/two bid system) | Two bid system |
| Last date of receipt of tender | Dec 17, 2025 |
| Number of tenders received | 5 (Five) |
| Nos. and names of parties qualified after technical evaluation | 5 (Five)
1) M/s Star Union Dai-ichi Life Insurance Co. Ltd.
2) M/s IndiaFirst Life Insurance Co. Ltd.
3) M/s Ageas Federal Life Insurance Co. Ltd
4) M/s PNB MetLife India Insurance Co. Ltd
5) M/s Shriram Life Insurance Co. Ltd |
| Nos. and names of parties not qualified after technical evaluation | NIL
|
| Commercial Bid Ranking, if any | |
| Final Ranking, if any | |
| Whether contract awarded to lowest tenderer/evaluated L1 | Yes |
| Contract number and date | CO.HRMD.No.S10210/20.02.001/2025-26 dated Dec 24, 2025 |
| Name of contractor | M/s Star Union Dai-ichi Life Insurance Co. Ltd. |
| Value of contract | ₹8,26,00,000 (Excl of GST) |
| Scheduled date of completion of supplies | February 01, 2026, to March 31, 2027 |
| Actual date of start of work | |
| Actual date of completion of work | |
| Reasons for delay, if any | |
Top