| Tender number | RBI/HRMD-CO Central Office Departments/Others/15/25-26/ET/1023[GMP-Hospitalisation] |
| Date of publication of NIT | Feb 18, 2026 14:00 Hrs. |
| Nature of work | RFP for Group Mediclaim Policy for Retired Employees of Reserve Bank of India – April 01, 2026, to March 31, 2027 |
| Mode of tender enquiry | Public Tender |
| Type of bidding (single/two bid system) | Two Bid System |
| Last date of receipt of tender | Mar 06, 2026 16:45 Hrs. |
| Number of tenders received | 7 (Seven) |
| Nos. and names of parties qualified after technical evaluation | 5 (Five)
• Bajaj General Insurance Limited
• ICICI General Insurance Company Limited
• Tata AIG General Insurance Company Limited
• The Oriental Insurance Company Limited
• SBI General Insurance Company Limited |
| Nos. and names of parties not qualified after technical evaluation | 2 (Two)
• The New India Assurance Company Limited
• Universal Sompo General Insurance Company Limited |
| Commercial Bid Ranking, if any | I. Bajaj General Insurance Limited
II. The Oriental Insurance Company Limited
III. SBI General Insurance Company Limited
IV. ICICI General Insurance Company Limited
V. Tata AIG General Insurance Company Limited |
| Final Ranking, if any | I. Bajaj General Insurance Limited
II. The Oriental Insurance Company Limited
III. SBI General Insurance Company Limited
IV. ICICI General Insurance Company Limited
V. Tata AIG General Insurance Company Limited |
| Whether contract awarded to lowest tenderer/evaluated L1 | Yes.
Under the coinsurance model, the contract was awarded to Bajaj General Insurance Limited as the lead insurer and Oriental Insurance Company Limited and SBI General Insurance Company Limited as co-insurers |
| Contract number and date | CO.HRMD.EHS.No.S13038/19-06-001/2025-26 dated Mar 27, 2026 |
| Name of contractor | Bajaj General Insurance Limited (70 per cent), The Oriental Insurance Company Limited (20 per cent), and SBI General Insurance Company Limited (10 per cent). |
| Value of contract | Premium of ₹179,19,90,003/- plus applicable taxes for the policy period April 01, 2026, to March 31, 2027. |
| Scheduled date of completion of supplies | Mar 31, 2027 |
| Actual date of start of work | Apr 01, 2026 |
| Actual date of completion of work | |
| Reasons for delay, if any | |
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