Group Life Insurance Policies for Executives and Non Executives Including Accidental Death Benefit

Sui Southern Gas Company Limited (SSGC) Karachi invites bids for Group Life Insurance Policies for Executives and Non Executives including Accidental Death Benefit. This procurement is specifically for insurance coverage of SSGC employees across Pakistan, managed by the Procurement Department at SSGC Head Office in Karachi. The scope includes provision of Group Life Insurance (Natural Death), Accidental Death Benefit, Permanent Total Disability Coverage, and any additional agreed benefits. The contract duration is initially one year, extendable up to two years subject to mutual agreement. Bidders must be SECP-registered Life Insurance Companies or Family Takaful Operators with a minimum of 10 years operational experience, maintain a credit rating of A or above, and demonstrate a strong group life portfolio. The tender follows a Single Stage Two Envelope Bidding Procedure under PPRA Rules 2004. Technical and financial proposals must be submitted separately online via the EPADS portal by 22nd June 2026 at 10:00 hours. The technical bids will be opened first at 10:30 hours on the same day. A fixed bid bond of Rs. 500,000 is required in the form of Pay Order or Demand Draft in favor of SSGC. Suppliers must be active in the FBR Active Taxpayer List (ATL). This tender is a significant opportunity for insurance providers with relevant experience and credentials. Bidders should ensure all documents are signed, stamped, and submitted correctly on EPADS before the deadline. A practical tip is to carefully review the technical evaluation criteria and ensure all required documents such as company profile, financial statements, credit rating report, claims statistics, and IT capabilities are included to avoid disqualification.