Group Life Insurance Coverage for NDRMF Employees for 2026-27 and 2027-28

The National Disaster Risk Management Fund (NDRMF) based in Islamabad is procuring Group Life Insurance Coverage for its employees for the financial years 2026-27 and 2027-28. This procurement covers all regular employees, currently 53 in number, with potential increase up to 67 due to hiring. The insurance includes natural death, accidental death, permanent total and partial disability, and temporary total disability benefits with coverage limits up to PKR 20,000,000 for accidental death and PKR 10,000,000 for other risks. The scope requires the insurance company to provide comprehensive group life insurance services including claim processing, issuance of insurance policies, and coordination with NDRMF for employee data and claims. The insurer must maintain confidentiality of employee information and ensure claim payments within 45 days. The contract duration is two years starting from July 10, 2026, with possible renewal upon mutual agreement. Eligible bidders must be registered insurance companies with SECP, have valid FBR and ATL registration, possess an AA or above credit rating, and have at least five years of relevant experience with public or private organizations. They must also have an established office in Islamabad/Rawalpindi and provide a 24-hour operational helpline. Bids must be submitted electronically via EPADS v2.0 by June 8, 2026, 10:00 AM. Manual submissions are not accepted. The technical and financial bids will be evaluated using Least Cost Based Selection (LCBS). The bid security is in the form of a Bid Securing Declaration. The submission address for original bid security forms is 5th Floor EOBI House, G-10/4, Islamabad. A practical tip for bidders is to ensure timely registration on EPADS v2.0 and carefully prepare the bid documents including all required authorizations and declarations to avoid disqualification. Early submission is advised to handle any technical issues with the e-bidding system. The department emphasizes compliance with all eligibility criteria and submission requirements to ensure a responsive bid.