Group Insurance of the Employees of Shaikh Zayed Postgraduate Medical Institute Lahore

The Shaikh Zayed Postgraduate Medical Institute (SZPGMI) Executive Director Office in Lahore is procuring group insurance coverage for its 2107 employees across multiple affiliated institutions including Shaikh Zayed Hospital, FPGMI, SFIN&HS, and SKZM&DC. This procurement is planned for the financial year 2025-26 and aims to provide comprehensive insurance benefits including death benefits, accident disability, and temporary total disability benefits. The technical scope includes insuring employees with monthly pay grades ranging from up to Rs. 5,000 to above Rs. 65,001 with corresponding sum assured amounts from Rs. 350,000 to Rs. 1,000,000. The insurance coverage is to be provided for all regular employees as per detailed annexures listing staff from each institution. The contract will be awarded through a National Single Stage-Two Envelope procedure using Least Cost Based Selection (LCBS) technique. Eligible bidders must be registered with FBR, possess NTN and Sales Tax certificates, have a physical office presence, and hold an A+ rating from Standard Rating Agencies on the State Bank of Pakistan panel. Experience of at least three years in group insurance and proof of CDR submission are mandatory. Bidders must submit bids online via EPADS v2.0 by the deadline of Thursday, May 7, 2026 at 11:00 AM. Manual submissions are not accepted. The bid opening will be conducted on the same day at 11:30 AM. A practical tip for bidders is to ensure timely registration and familiarization with the EPADS v2.0 platform, as all submissions and clarifications are managed electronically. Early submission of bid security in original form to the Pension Cell at Shaikh Zayed Hospital is critical to avoid disqualification. This tender offers a significant opportunity for insurance providers to engage with a reputable medical institute in Lahore and contribute to the welfare of its employees through a well-structured insurance program.