Group Health Insurance Policy for One Year (2026-27) for PEEF Employees

The Punjab Educational Endowment Fund (PEEF) invites bids for the provision of a Group Health Insurance Policy for one year (2026-27) for its employees, as per the corrigendum to the original advertisement. This opportunity is open to reputable insurance companies meeting the specified eligibility criteria. The corrigendum amends the minimum required credit rating for bidders, now requiring a minimum AA rating under PACRA or JCR-VIS, with proof of rating to be submitted. The previous requirement of AA+ rating has been revised to AA, broadening the pool of eligible insurers. Items being procured: - Group Health Insurance Policy for PEEF employees for the period 2026-27 The technical scope includes comprehensive health insurance coverage for all eligible employees of PEEF, with the policy period covering the full financial year. Bidders must ensure their company holds at least an AA rating from PACRA or JCR-VIS, and must provide documentary proof of this rating with their bid. The process will adhere to the Government of Punjab, Finance Department Notification No. FD(W&M)7-661/2026 dated June 29, 2026, regarding life and health insurance arrangements by government entities. The last date for bid submission and opening remains unchanged at 17th August 2026. Bids must be submitted as per the instructions in the original advertisement. Earnest Money, bid security, and other standard requirements apply as per Punjab procurement rules. Bidders are advised to carefully review the corrigendum and ensure compliance with the revised eligibility criteria. A practical tip: Ensure your bid includes up-to-date proof of your company's AA rating from PACRA or JCR-VIS, as this is now a mandatory requirement and non-compliance may lead to disqualification.