| Tender number | RBI/HRMD-CO Central Office Departments/Others/14/25-26/ET/998 |
| Date of publication of NIT | Feb 12, 2026 on 16:45 Hrs. |
| Nature of work | RFP for OPD Policy for Pensioners aged 60 years and above of Reserve Bank of India |
| Mode of tender enquiry | Public Tender |
| Type of bidding (single/two bid system) | Two Bid System |
| Last date of receipt of tender | Mar 05, 2026 |
| Number of tenders received | 06 (Six) |
| Nos. and names of parties qualified after technical evaluation | 04 (Four)
1. The New India Assurance Co. Ltd.
2. The Oriental Insurance Co. Ltd.
3. ICICI Lombard General Insurance Co. Ltd.
4. Bajaj General Insurance Ltd. |
| Nos. and names of parties not qualified after technical evaluation | 02 (Two)
1. SBI General Insurance Company Ltd.
2. Universal Sompo General Insurance Company |
| Commercial Bid Ranking, if any | I. The New India Assurance Co. Ltd.
II. Bajaj General Insurance Ltd.
III. ICICI Lombard General Insurance Co. Ltd
IV. The Oriental Insurance Co. Ltd. |
| Final Ranking, if any | I. The New India Assurance Co. Ltd.
II. Bajaj General Insurance Ltd.
III. ICICI Lombard General Insurance Co. Ltd
IV. The Oriental Insurance Co. Ltd. |
| Whether contract awarded to lowest tenderer/evaluated L1 | Yes |
| Contract number and date | CO.HRMD.EHS.No.S12901/19-06-008/2025-26 dated Mar 24, 2026 |
| Name of contractor | The New India Assurance Co. Ltd. |
| Value of contract | Premium of ₹56,47,13,181/- 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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