| Tender number | 2026_RBI_286354_1 (Tender Cancelled) |
| Date of publication of NIT | Aug 04, 2026 |
| Nature of work | Group Term Life Insurance Policy for employees of Reserve Bank of India from September 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 | Aug 20, 2026 |
| Number of tenders received | 02 (Two) |
| Nos. and names of parties qualified after technical evaluation | 02 (Two)
1) M/s Star Union Dai-ichi Life Insurance Co. Ltd.
2) M/s Aviva 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 | Stands Annulled - CO.HRMD.No.S3543/20.21.001/2026-27 dated Aug 27, 2026 |
| Name of contractor | M/s Star Union Dai-ichi Life Insurance Co. Ltd. |
| Value of contract | ₹8,20,00,000 (Incl of GST) |
| Scheduled date of completion of supplies | September 01, 2026, to March 31, 2027 |
| Actual date of start of work | |
| Actual date of completion of work | |
| Reasons for delay, if any | |
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