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PDF - Minutes of Pre-Bid meeting - Request for Proposal (RFP) for the Group Term Life Insurance Policy for Employees of Reserve Bank of India February 01, 2021 – January 31, 2022 ()
Date : Dec 23, 2020
Minutes of Pre-Bid meeting - Request for Proposal (RFP) for the Group Term Life Insurance Policy for Employees of Reserve Bank of India February 01, 2021 – January 31, 2022

Corrigendum dated January 04, 2021

Corrigendum dated December 24, 2020

The pre-bid meeting for the captioned work was held on December 21, 2020 at 1100 hrs in Conference Room, 20th Floor, RBI Central Office Building, Mumbai. It was attended virtually by six bidders while team of the broker, Aditya Birla Insurance Brokers Limited (ABIBL) was present in person alongwith two representatives from LIC of India. For Reserve Bank of India, Shri S.V.Patil, GM, Smt.Garima Rajput, AGM and Sh.Vinod M T, AM, HRMD, Central Office, Mumbai attended the meeting.

List of representatives of broker and interested bidders who participated in the meeting is given below-

SI no. Name of the participant Organisation
1. Shri Narinder Saini ABIBL
2. Smt Jyoti Kapoor Dhar ABIBL
3. Smt Priyanka Mali ABIBL
4. Shri Yogesh Kulkarni LIC of India
5. Shri Sunil Nimje LIC of India
6. Smt. Reema Kapoor IndiaFirst Life Insurance Company
7. Shri Atul Dolas ICICI Prudential Life Insurance Company
8. Shri Pankaj Shah SBI Life Insurance Company
9. Shri Purav Mehta Bajaj Allianz General Insurance Company
10. Shri Siddharth Dongre PNB Metlife Insurance Company
11. Shri Rajesh Changatti Star Union Dai-ichi Life Insurance Company Ltd

Gist of the queries raised by the prospective bidders and Bank’s clarification on the same is as follows-

SI No Queries raised by the representatives Clarification/Response given by the Bank
1. Requested details of death of Bank’s employees due to COVID19 Data shared with the prospective bidders
2. Requested claims data for the last five years under Compulsory and Voluntary covers of the Policy. Five years’ claims data for Compulsory cover and three years’ claims data shared with the prospective bidders alongwith cause of death.
3. Requested for list of employees to be covered under Compulsory and Voluntary plans of the Policy. List of employees under Compulsory cover of Group Term Life Insurance Policy of the Bank as on date was shared.

List of employees who had opted for Voluntary cover during the current policy year, i.e. 2020-21 was shared with the prospective bidders.
4. Whether employee covered under compulsory cover can opt for voluntary cover? Yes, the employee covered under compulsory plan may enhance the cover by opting for voluntary cover as per the limits mentioned in the tender document.


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