Group Life Insurance Coverage for Employees of SECP Availing House Loan Facility

This tender invites bids for Group Life Insurance Coverage for employees of the Securities and Exchange Commission of Pakistan (SECP) who are availing house loan facilities. The procurement is based in Islamabad under the Services category and is issued by the Securities and Exchange Commission of Pakistan. The scope includes providing life insurance coverage for SECP employees across multiple cities including Islamabad, Lahore, Peshawar, Multan, Faisalabad, Sukkur, Karachi, Gilgit, and Quetta. The insurance must cover life, accidental death, accidental partial and total disability, and natural disability benefits. Premiums are to be calculated on a decreasing balance of the outstanding loan amount monthly but paid annually. The insurer will coordinate claims processing and ensure confidentiality of employee data. The contract period is three years starting March 1, 2026. Bidders must be registered with the Federal Board of Revenue and on the Active Taxpayers List for the financial year 2025-26. PEC category is not applicable as this is a service contract. The bidder must submit a bid security of PKR 100,000 in the form of a pay order or demand draft. The bid validity period is 150 days. Compliance with FBR/ATL status and submission of all required documents is mandatory. The submission deadline is on the 10th of February 2026 at 14:30 hours, with bid opening at 15:00 hours the same day. Bids must be submitted online through the EPADS portal, while the original bid security must be delivered physically to the SECP office at NICL Building, 63 Jinnah Avenue, Blue Area, Islamabad. Pro-Tip: Ensure your bid explicitly mentions the free cover limit up to PKR 7 million and includes all required details such as rates and benefit structures. Missing or incomplete information can lead to disqualification. Also, verify your bid security submission to avoid rejection.