Hiring of Group Life and Loan Insurance Services for Export-Import Bank of Pakistan

This tender invites bids for Group Life and Loan Insurance Services for the Export-Import Bank of Pakistan based in Islamabad. The bank requires insurance coverage for its employees, including life, accidental death, disability, and loan insurance benefits. The scope covers all regular and contractual employees up to 60 years of age, with worldwide 24-hour coverage and multiple insurance plans based on multiples of basic salaries. The insurance company will provide comprehensive coverage including life cover, accidental death and disability benefits, natural disability, temporary total disability, and terminal illness benefits. The contract requires timely claim settlements within 45 days for death claims and 20 days for other claims. The insurer must have a minimum AA+ rating with a stable outlook, valid registration with SECP, and be on the Active Taxpayers List of FBR. The insurer must also have offices in Islamabad, Lahore, and Karachi and at least ten years of experience in group life and loan insurance services. Bidders must comply with PEC category requirements and maintain valid FBR registration and ATL status for the financial year 2025-26. The tender follows the Public Procurement Rules 2004 with a bid validity of 120 days. A Bid Securing Declaration and performance guarantee of 10% of the bid value are mandatory. The contract duration and payment terms are clearly defined, with no advance payments allowed. The submission deadline is on the 17th of February 2026 at 11:00 AM, with bid opening at 11:30 AM via the EPADS online portal. Bidders must submit their bids electronically through EPADS only. The physical address for correspondence is Office No. 510-512, 5th Floor, Evacuee Trust Complex, Agha Khan Road, F-5/1, Islamabad. Pro-Tip: Ensure your bid includes all mandatory documents such as the Bid Securing Declaration, signed Form of Bid, and Price Schedule with official stamps. Also, verify your company's ATL status before submission to avoid disqualification. Check the EPADS portal regularly for any amendments or clarifications to the bidding documents.