Group Insurance for Staff of Sindh Emergency Rescue Service (Rescue 1122) for 2025-2026

This tender invites bids from qualified insurance companies to provide comprehensive Group Life Insurance coverage for the staff of Sindh Emergency Rescue Service (Rescue 1122) in Karachi for the fiscal year 2025-2026. The coverage includes natural death, accidental death, permanent total and partial disability, temporary total disability, and terminal illness benefits for approximately 1500 to 1600 employees. The policy must offer 24/7 worldwide coverage and comply with SECP regulations. The scope requires an SECP-licensed insurer with at least five years of experience in group life insurance, preferably with public sector exposure. The insurer must have a strong financial rating (minimum AA) and demonstrate efficient claims management with settlement within 60 days. The contract is for one year, extendable based on performance. Bidders must submit technical and financial proposals separately under the single stage two envelope procedure via the EPADS online portal. Bidders should ensure compliance with PEC categories, maintain valid NTN and STRN, and provide audited financial statements for the last three years with a minimum turnover of PKR 50 million. The bid security is 2% of the estimated value, and performance security of 5% is required upon award. The tender follows Sindh Public Procurement Rules 2010 (Amended 2019). The submission deadline is on the 9th of February 2026 by 2:00 p.m., with bid opening at 2:30 p.m. at the Office of the Director Finance & Procurement, Sindh Emergency Rescue Service (Rescue 1122), Headquarters, Plot No. 9, Block-17, Gulshan-e-Iqbal, Karachi. Bidders must submit bids through the EPADS system and ensure all mandatory documents are included. Pro-Tip: Carefully review the evaluation criteria and ensure all mandatory documents, including valid tax certificates and audited financials, are attached to avoid disqualification. Also, confirm the bid security and performance security formats comply with the tender requirements to prevent delays.