Comprehensive Group Life Insurance/Takaful Coverage for PPMC Employees

This tender invites reputable Insurance and Takaful companies to provide comprehensive Group Life Insurance/Takaful coverage for employees of Power Planning and Monitoring Company (PPMC) based in Islamabad. The procurement falls under the Security & Safety Equipment category, focusing on employee welfare benefits. The scope includes coverage for various employee categories with benefits ranging from PKR 10 million to PKR 15 million, including accidental death, permanent and temporary disability, and terminal illness benefits. The insurer must coordinate closely with PPMC, ensuring claims are reimbursed within one month of an employee's death. The contract spans three years, with premium calculations adjusted for employee additions or deletions during the policy year. The tender requires submission through the EPADS online portal, following a Single Stage – Two Envelope bidding procedure. Bidders must be registered with SECP, hold valid GST and NTN registrations, and possess a credit rating of AA or above. Experience of at least 10 years in the relevant business and a clean blacklist record are mandatory. The tender also requires a bid security of PKR 200,000 in the form of a pay order or demand draft. Compliance with PEC categories is not applicable here, but bidders should ensure valid FBR/ATL status and meet all tax and regulatory requirements for the 2025-26 financial year. The submission deadline is set for 09 April 2026 at 11:00 AM, with technical bids opening at 11:30 AM the same day at PPMC's office in the Evacuee Trust Complex, Islamabad. Bidders must submit bids electronically via EPADS; manual submissions will not be accepted. The physical address for bid opening is Office No. 112, First Floor, Evacuee Trust Complex, Agha Khan Road, F-5/1, Islamabad. Pro-Tip: Ensure your bid security instrument is correctly prepared and submitted before the deadline, as failure to provide the required Earnest Money will lead to outright rejection. Also, carefully review the technical evaluation criteria to maximize scoring and avoid disqualification due to incomplete documentation.