| Tender number | RBI/Central Office/HRMD/6/22-23/ET/432 |
| Date of publication of NIT | Nov 23, 2022 |
| Nature of work | Compulsory & Voluntary (Optional) Group Term Life Insurance Policy for employees of Reserve Bank of India from February 01, 2023 to January 31, 2024, Mumbai |
| Mode of tender enquiry | Online (E-tender) |
| Type of bidding (single/two bid system) | Two Bid System |
| Last date of receipt of tender | Dec 21, 2022 at 1800 hrs |
| Number of tenders received | 03 (Three) |
| Nos. and names of parties qualified after technical evaluation | 03 (Three)
1) M/s Aditya Birla Life Insurance Co. Ltd.
2) M/s IndiaFirst Life Insurance Co. Ltd.
3) M/s Star Union Dai-ichi 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.S18024/20.02.001/2022-23 dated Dec 27, 2022 |
| Name of contractor | M/s Star Union Dai-ichi Life Insurance Co. Ltd. |
| Value of contract | 1200 (₹ in Lakh) |
| Scheduled date of completion of supplies | Jan 31, 2024 |
| Actual date of start of work | |
| Actual date of completion of work | |
| Reasons for delay, if any | |
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