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PDF - Minutes of Pre-bid Meeting - Request for Proposal for the Compulsory and Voluntary (optional) Group Term Life Insurance Policy for employees of Reserve Bank of India from February 01, 2026 to March 31, 2027 ()
Date : Dec 05, 2025
Minutes of Pre-bid Meeting - Request for Proposal for the Compulsory and Voluntary (optional) Group Term Life Insurance Policy for employees of Reserve Bank of India from February 01, 2026 to March 31, 2027

(Tender NIT No: RBI/Central Office/HRMD/9/25-26/ET/635)

An offline Pre-bid meeting on the captioned subject was held at Conference Room, 22nd floor, COB, RBI on December 03, 2025 (Wednesday) at 1100 Hrs.

(a) List of the Bank's official who attended the meeting:

1 Shri. Anand Priyadarshi Assistant General Manager
2 Shri Mohit Priyadarshi Manager
3 Shri Nikhil Bodke Assistant Manager

(b) List of representatives from Insurers and empaneled brokers who attended the meeting:

Sr. No Name of the representative Name of Vendor/ Broker
1. Shri. Hiren Anil Batavia Shriram Life Insurance
2. Shri. Durga Madhab Bebarta Shriram Life Insurance
3. Shri. Sarvjeet Yadav Star Union Daichi Life Insurance Ltd.
4. Ms. Bhavika Bagul IndiaFirst Life Insurance Company
5. Ms. Priyanka Thakur Aviva Life Insurance
6. Shri. Devesh Sharma Aviva Life Insurance
7. Shri. Abhishek Chakravorthy SBI Life insurance company
8. Ms. Jahanavi Sharma Aditya Birla Life Insurance
9. Shri Karan Bhatt Tata AIA life Insurance
10. Shri Arvinder Singh Tata AIA life Insurance
11. Shri Ankush Gosavi ICICI Prudential Life Insurance
12. Shri Omkar Mohite ICICI Prudential Life Insurance
13. Shri Amey Rumde Bajaj Allianz Life Insurance
14. Shri Kiran V Bajaj Allianz Life Insurance
15. Ms. Sejal Jain Ageas Federal Life Insurance Co. Ltd
16. Shri Prashant Chandane Life Insurance Corporation of India
17. Shri Kalpesh Parmar Life Insurance Corporation of India
18. Shri Prashant Sharma M/s Aon Insurance Brokers Pvt. Ltd
19. Shri Rajkiran Nampelly M/s Aon Insurance Brokers Pvt. Ltd
20. Shri Pravin Bhaskar M/s Aon Insurance Brokers Pvt. Ltd

The queries from the participating insurers, and the clarifications/comments given by the Bank are given below:

Sr. No Queries Response to queries raised
1 Whether 5-year historical information on number of employees covered under Compulsory Cover and Voluntary Cover of Group Term Life Insurance will be shared by the Bank? Data will be shared with the participants with the following details:

• Date of Birth
• Age
• Date of Joining
• Grade
• Gender
• Sum Insured.
2 Whether 5-year historical information on claims under Compulsory Cover and Voluntary Cover will be shared by the Bank? Data will be shared with the participants with the following details:

• Date of birth
• Age
• Date of Joining
• Grade
• Gender
• Date of Death
• Date of Intimation
• Cause of Death
• Sum insured
3 Total number of employees, along with cadre details. Data will be shared with the participants with the following details:

• Date of Birth
• Age
• Date of Joining
• Class
• Grade
• Gender
4 Requested for copy of Service Level Agreement (SLA) & Non-disclosure agreement (Applicable for selected bidder). Both the documents will be shared only with the selected insurer after completion of the tendering process.
5 Details of officers deputed outside India was sought by the insurers. Details of number of employees vis-à-vis Country list posting will be shared.
6 Are there any expatriates in the demographic data? At present, two Nepalese nationals are employed in the Bank.
7 Clarification sought regarding Annexure I, Point No. 3 of the RFP:- wherein details of actual premium above ₹2 crore, was sought as part of technical submission. The insurers may certify that "The Premium is above ₹2 crore", instead of providing the actual premium.

* The above-mentioned data will only be shared upon submission of non-disclosure agreement on a company letter head, as specified in RFP Document.

The intending participants were advised that no deviation in RFP terms and conditions will be accepted by the Bank and all bids have to strictly adhere to conditions mentioned in the RFP.

The meeting concluded with a vote of thanks to the participants.



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