Provision of Group Life Insurance Services for Sindh Bank Staff

Sindh Bank Limited Karachi invites qualified insurance firms for the provision of Group Life Insurance Services covering both Conventional and Islamic Banking staff. This tender covers comprehensive life insurance and takaful policies tailored to the bank's diverse employee categories, ensuring coverage up to 65 years of age with no age limit for Plan A. The scope includes death benefits, accidental death and disability, temporary total disability, permanent natural disability, and terminal illness benefits with category-wise sum assured ranging from PKR 1.5 million to PKR 10 million. The contract requires bidders to demonstrate strong financial stability and relevant experience, supported by audited financial statements and client references. The bank emphasizes compliance with Sindh Procurement Authority Act 2010 and mandates a 5% bid security and 5% performance guarantee. Bidders must be registered with tax authorities and provide evidence of sound operational capacity, including a minimum number of branches and staff. Bidders should ensure their PEC category aligns with service provision and maintain active FBR/ATL status for the 2025-26 financial year. The tender follows a single stage one envelope procedure with bids submitted online via the EPADS portal. The bid validity period is 90 days, and the contract includes an integrity pact to uphold transparency. Submission deadline is set for 20th January 2026 at 10:00 AM, with bid opening at 10:30 AM at Sindh Bank Ltd Head Office, Federation House, Clifton, Karachi. Original bid security instruments must be delivered physically before the deadline. Interested bidders should monitor Sindh Bank and SPPRA websites for updates and clarifications. Pro-Tip: Ensure timely submission of bid security in the prescribed form and double-check all eligibility documents to avoid disqualification. Also, carefully review the financial bid format to prevent errors or overwriting that could nullify your submission.