Group Health Insurance for Audit Oversight Board Islamabad

The Audit Oversight Board Islamabad is procuring Group Health Insurance services for its employees and their eligible dependents. This procurement is specifically for the Audit Oversight Board located at 1406, 14th floor, ISE Towers, 55-B Jinnah Avenue, Blue Area, Islamabad. The scope includes comprehensive hospital care, surgical and miscellaneous expenses with coverage limits such as Rs. 500,000 per annum per insured for hospital care, Rs. 25,000 daily room and board sub-limit, maternity coverage for normal and C-section deliveries, and OPD services with no administrative charges. The OPD pool of Rs. 1,000,000 will be replenished by the Board as required during the policy term. The insurance coverage is for a term of three years and includes detailed benefits for 19 employees, their spouses, and children as listed in the tender documents. Eligible bidders must be registered service providers based in Islamabad, registered with the Federal Board of Revenue or respective tax authorities, and must be on the Active Taxpayers List at the time of bid submission. The procurement follows a Single Stage Two Envelope Method requiring separate Technical and Financial Bids. The Technical Bid will be opened first, and only technically qualified bidders will have their Financial Bids opened. Bidders must comply with all instructions including submission of bid securing declaration and documentary evidence such as NTN certificate, business registration, and proof of active taxpayer status. The bid validity period is 150 days. Bids must be submitted in sealed envelopes clearly marked and delivered to the Audit Oversight Board office before the deadline. The deadline for submission is June 4, 2026, by 11:00 am, with bid opening at 11:30 am the same day. A practical tip for bidders is to ensure all required documents are complete and properly signed to avoid disqualification. Careful attention to the bid format and timely submission is critical to success in this tender.