Group Life Insurance and Staff Loan Protection Insurance for Karakoram Cooperative Bank Limited Employees

Karakoram Cooperative Bank Limited (KCBL), Gilgit-Baltistan, invites sealed bids and proposals from eligible and financially sound SECP licensed Life Insurance Companies and Family Takaful Operators for the provision of Group Life Insurance and Staff Loan Protection Insurance for KCBL employees availing staff loan and advance facilities. The insurance companies must be rated by strong PACRA/JCR-VIS and have a minimum of 10 years of experience handling Group Staff Finance Insurance. The estimated loan portfolio is **Rs. 2,254,117,226**, comprising approximately 2,895 loan records across various staff loan schemes. The final insured amount shall be based on the approved loan schedule. Items being procured: - Group Life Insurance - Staff Loan Protection Insurance Complete RFP/Bidding Documents containing eligibility criteria, scope of coverage, terms and conditions, evaluation criteria, and submission requirements may be obtained from the Human Resources Department, KCBL Head Office, Jutial, Gilgit-Baltistan. The submission address is the Human Resources Department, Karakoram Cooperative Bank Limited (KCBL), Head Office, Shahrahe Quaid-e-Azam, Jutial, Gilgit-Baltistan. Key dates include Advertisement/RFP availability on 11-09-2026, last date for submission on 26-09-2026 at 10:00 a.m., and opening of technical proposals on 26-09-2026 at 10:30 a.m. Opening of financial proposals will be communicated to technically qualified bidders. Preference may be given to firms or companies having an established office in Gilgit. Bidders should ensure compliance with applicable procurement rules and submit earnest money or bid security as per the bidding documents. A practical tip for bidders is to carefully review the RFP documents for detailed eligibility and submission requirements and ensure timely submission to avoid disqualification.