Group Life Insurance for COMSATS University Islamabad Employees

COMSATS University Islamabad is procuring a comprehensive Group Life Insurance policy for its employees stationed across multiple campuses including Islamabad, Abbottabad, Lahore, Wah, Attock, Sahiwal, and Vehari. This procurement is specifically managed by the Treasurer Department located in Islamabad. The scope involves provision of insurance coverage tailored to the university's workforce, ensuring financial security and benefits under the policy terms. Interested insurance companies must be registered with the Federal Board of Revenue (FBR) and appear on the Active Taxpayers List (ATL). The bidding process requires submission of a Technical Bid and Financial Bid combined in a single envelope, following the Single-Stage One-Envelope method. A bid security of PKR 500,000 in the form of Pay Order or Bank Draft payable to COMSATS University Islamabad is mandatory. The entire tender process is conducted through the EPADS online system, and physical submission of the bid security along with the sealed bidding documents is required by the closing date. The deadline for submission is **May 12, 2026 at 11:00 AM**, with bid opening scheduled half an hour later at the university's Faculty Block-I in Islamabad. Bidders are advised to request tender documents promptly via official company email to ensure timely access. A practical tip for bidders is to ensure their bid security is prepared and submitted in the exact prescribed format and within the deadline, as non-compliance will lead to disqualification. This tender offers a significant opportunity for insurance providers with experience in group life policies and a strong compliance record with Pakistani procurement regulations.