Comprehensive Insurance Coverage for Bank of Azad Jammu and Kashmir Staff Finances 2026-27

Bank of Azad Jammu and Kashmir invites sealed quotations from income tax and sales tax registered firms, bidders, and companies having at least rating '1' for comprehensive insurance coverage of outstanding balance of staff finances for the financial year 2026-27. The procurement will be conducted under the AJK Public Procurement Rules 2017 using the Single Stage - One Envelope bidding process. Items being procured: - Comprehensive insurance coverage for outstanding balance of staff finances for the year 2026-27 The scope includes providing full insurance coverage services for the staff finances outstanding balance, ensuring compliance with all regulatory and financial requirements. Interested firms must have valid NTN (Income Tax and GST), relevant tax certificates, and must be on the Active Taxpayer List of FBR/CBR. Blacklisted firms or bidders are prohibited from participation and must submit an affidavit certifying they are not blacklisted or in conflict with any government entity within AJK or Pakistan. Key dates include the availability of the Request for Proposal (RFP) from the Bank of Azad Jammu and Kashmir Head Office Muzaffarabad upon payment of Rs. 2000 (non-refundable) until 09-09-2025 during working hours (9 AM to 5 PM). The pre-bid meeting is scheduled for 03 September 2026 at 11:00 AM in the committee room of the Bank's Head Office. Technical and financial proposals must be submitted by 10 September 2026 at 03:00 PM, with bid opening at 03:30 PM the same day. A bid security of Rs. 100,000 in the form of CDR/DD/PO or Banker Cheque in favor of Bank of AJK is mandatory. Submission address is Divisional Head Credit Administration Division, Head Office, Bank of Azad Jammu and Kashmir, Sardar Nazir Plaza, Gofra Bypass Road, Muzaffarabad. Contact phone numbers are 05822-923004-5. A practical tip for bidders: Ensure your bid security is properly prepared and submitted with your bid to avoid outright rejection. Also, attend the pre-bid meeting to clarify any queries and improve your proposal's competitiveness. This tender is advertised on the AJK PPRA website and the Bank's official website. All bids must be valid for a minimum period of 120 days.