Group Life Insurance Services for Bank of Azad Jammu and Kashmir Staff 2026-27

Bank of Azad Jammu and Kashmir invites sealed quotations from income tax and sales tax registered firms, bidders, and companies having at least rating 'A' for Group Life Insurance of the bank's staff for the financial year 2026-27. This procurement is conducted in accordance with AJK Public Procurement Rules 2017 using the Single Stage One Envelope bidding process. Items being procured: - Group Life Insurance coverage for Bank of Azad Jammu and Kashmir staff for the year 2026-27 The scope includes providing comprehensive group life insurance services tailored to the bank's employees. Interested bidders must obtain the Request for Proposal (RFP) from the Bank of Azad Jammu and Kashmir Head Office in Muzaffarabad upon payment of Rs 2500 (non-refundable) via pay order, demand draft, or bankers cheque in favor of 'Bank of AJK' until 16-09-2025 during working hours (9 AM to 5 PM). Eligibility criteria require firms to be registered for income tax and GST, possess relevant tax certificates, and be on the Active Taxpayer List of FBR/CBR. Bidders must have a minimum rating of 'A' and must not be blacklisted or in conflict with any government entity within AJK or Pakistan. An affidavit confirming this status is mandatory. The bid security of Rs 150,000 must be submitted with the bid in the form of CDR, DD, PO, or banker cheque payable to Bank of AJK. Financial bids should include all applicable taxes levied in AJK. The pre-bid meeting is scheduled for 09-09-2026 at 11:00 AM in the committee room of the Bank of Azad Jammu and Kashmir Head Office, Muzaffarabad. Technical and financial proposals must be submitted by 17-09-2026 before 01:30 PM. Bids will be opened the same day at 02:00 PM. Late or conditional bids will not be entertained. The evaluation report and award of contract will be published on the AJK PPRA website. Submission address is Divisional Head Credit Administration Division, Head Office, Bank of Azad Jammu and Kashmir, Sardar Nazir Plaza, Gojra Bypass Road, Muzaffarabad. Contact phone numbers are 05822-923004/5 and 05822-924244. A practical tip for bidders: Ensure your bid security is properly prepared and submitted along with your bid documents to avoid outright rejection. Also, attend the pre-bid meeting to clarify any queries and improve your proposal's competitiveness.