Tender Notice (Health & Life Insurance) in Insurance

Tender Notice (Health & Life Insurance) in Insurance
  • Job Location: Islamabad
  • Country: Pakistan
  • Job Type: Contractual
  • Department / Job Category: Insurance
  • Last Date: 31 May 2018

Apply By:   *Terms and conditions apply.

Bids should be addressed to:

Procurement Committee

Strengthening Participatory Organization,

2nd Floor, Chowhan Plaza, G-8 Markaz, Islamabad.

Phone: 051- 111357111, 051-2340445-48

SPO invites sealed bids from well-reputed companies for the provision of COMPREHENSIVE GROUP LIFE INSURANCE coverage to SPO’s 133 Livesand GROUP HEALTH INSURANCE coverage for SPO staff and their dependents.Group Life Insurance and Group Health Insurance will be effective from July 01, 2018 to June 30, 2019. SPO has the right to accept or reject any or all bids without assigning any reason thereof. The last date for submission of bids is May 31, 2018, on or before 1700 hrs.

We need the services of AA+ rated companies for the provision of Health and Life insurances.

Health Insurance requirements:

Major Medical

  1. Major Medical coverage required limit up to Rs 300,000/- per insured (Valid for employees, spouses, children, and parents.)
  2. Maximum age coverage for employees and spouse is 65 years, 85 years for parents and 25 years for un-married male children and till marriage for daughter.

Maternity Benefit

  1. Valid for all female married staff members and spouses for maternity benefits up to the age of 45 years.
  • Maternity limit for Normal delivery:             Rs. 60,000/-
  • Maternity limit for C- Section                          Rs. 80,000/-
  • Pre and post natal expenses up to               Rs. 2,000/-
  • Circumcisions to be covered in maternity limit.

Hospitalization

  1. Hospitalization coverage of Rs. 80,000/- per insured is valid for employees, spouses, children, and parents.
  2. Maximum age coverage for employees and spouse is 65 years, 85 years for parents, 25 years for un-married male children and till marriage for daughter.
  3. Room Limit per day is Rs. 8,000/-
  4. Pre and post hospitalization expenses for 30 days are to be covered.
  5. Hepatitis B and C, Intra-ocular lens implant (IOL) are to be covered.
  6. All declared/undeclared pre-existing conditions are fully covered.
  7. Specialized investigations are to be covered.
  8. 50% enhancement of hospitalization limit in case of on accidents.

OPD:

Please submit separate quotations for OPD as per following details:

  • No of Staff                                           30 (For support staff only)
  • OPD limit per employee                         Rs.25,000/-

Life Insurance requirements:

  • No of Lives                                          133
  • Age Limit                                             65 years
  • Sum Assured                                      36 times Basic Salary or Min Rs. 1,000,000/- whichever is higher.
  • Temporary Total Disability         100% of monthly salary up to Maximum of Rs. 20,000/- pm
  • Accidental Death Benefit             72 times Basic Salary or Min Rs. 2,000,000/- whichever is higher up to maximum 25,000,000/-
  • Natural Disability Benefit
  • Permanent Partial and Permanent Total Disability Benefits;
  • Accidental disability benefits
 

GENERAL TERMS & CONDITIONS

  1. Specify National Tax Number (NTN) and SRB, Attach the copy of Proprietor’s CNIC
  2. Mention Address & Contact Numbers of Business
  3. Bank Account should be same as the business name
  4. Include WHT and Sales Tax in quoted rates (If applicable)
  5. Vendor/Supplier should be registered with the Government of Pakistan
  6. Separate Technical Specifications should be provided for each category
  7. A vendor/supplier can apply for one or more tenders
  8. The sealed bids with vendor profile, sample items (if required) and 5% of the total amount as refundable earnest money should be submitted along with the bid on the date mentioned in the advert
  9. The Vendor shall provide an invoice in accordance with the issued purchase order along with delivery challan signed by the individual receiving the items
  10. The vendor(s) will issue a numbered receipt when they receive the payment/installment. If the numbered receipt is not available, a receipt on his/her letterhead, acknowledging the payment will be obtained
  11. Earnest money to be released upon successful completion of the contract
  12. Delivery times and sizes of each supply batches shall be clearly indicated in the Purchase Order. Agreed delivery time should be strictly followed
  13. In case of breach/delay in delivery, deductions up to 1% of the total amount on 3 days, up to 5% on 7 days delay and termination of Purchase Order beyond this period. The contract can be suspended or canceled at the sole discretion of SPO and all monies due to the vendor/supplier forfeited. SPO will be at liberty to award the contract for any remaining unsupplied quantities to any other parties at the risk and cost of the supplier
  14. The general conditions should be read together with the technical specifications
  15. Inspection of goods/services by SPO may be done before delivery and at the time of delivery at the distribution point
  16. In case of the dispute between the parties, the same shall be referred for arbitration under Pakistani law, and the award in such arbitration shall be final and binding
  17. The bidder(s) can also mention any specific condition, which shall be taken into consideration before the award of supply orders
  18. Goods/services to be delivered at the designated warehouses of the organization as/if mentioned in the tender.
  19. If any bidder needs clarification on any technical specifications or general conditions, he/she must do so in writing.T he clarification, if any, shall be issued to all bidders.

Apply By:   *Terms and conditions apply.

Bids should be addressed to:

Procurement Committee

Strengthening Participatory Organization,

2nd Floor, Chowhan Plaza, G-8 Markaz, Islamabad.

Phone: 051- 111357111, 051-2340445-48

Source: Brightspyre