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The Reserve Bank of India has invited provisional tenders from eligible insurance companies for obtaining a “centralised insurance policy” for all its properties (office and residential) and other assets spread across the country for the year 2014-15 (July- June).
The bank functions at 21 places (Ahmedabad, Bangalore, Bhopal, Bhubaneswar, Belapur, Chandigarh, Chennai, Guwahati, Hyderabad, Jaipur, Jammu, Kanpur, Kolkata, Kochi, Lucknow, Mumbai, Nagpur, New Delhi, Patna,, Pune, Thiruvananthapuram) from its own premises and at eight cities viz. Agartala, Dehradun, Gangtok, Panaji, Raipur, Ranchi , Shillong, and Shimla from rented premises.
To be eligible, the insurance company’s annual turnover for the last three years should be a minimum of ₹1,000 crore, have a pan-India presence and at least five years’ experience in the field of general insurance apart from having provided services to at least three institutions with assets not less than ₹1,500 crore each, two institutions with assets of ₹2,250 crore each, or one institution with assets of ₹3,600 crore.
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