Hiring Services of Insurance Company for Group Life Insurance for HBFC Employees

The House Building Finance Company Limited (HBFC) invites eligible bidders to submit e-bids for hiring the services of an insurance company to provide group life insurance coverage for its employees. This tender is conducted through the PPRA EPADS 2.0 portal under the Single Stage-Two Envelope Procedure as per Public Procurement Rules-2026. Items being procured: - Group Life Insurance Services for Employees of HBFC The scope includes providing comprehensive group life insurance coverage tailored to the needs of HBFC employees. Bidders must prepare their bids in accordance with the detailed bidding documents available on the EPADS portal. The fixed bid security amount is Rs. 200,000, payable via Pay Order or Bank Draft in favor of HBFC, and must be submitted electronically through the PPRA EPADS portal. The original bid security must also be submitted in a sealed envelope before the submission deadline. Eligibility criteria include registration with FBR and placement on the Active Taxpayers List (ATL). Experience in providing group life insurance services to corporate clients is preferred. The tender follows a transparent evaluation process with separate technical and financial bids. Bids must be submitted on or before the deadline of 30th November 2026 at 11:00 am via the EPADS portal. The submission address for any physical correspondence is the Head PMD & GSD, House Building Finance Company Limited, 3rd Floor, FTC Building, Shahrah-e-Faisal, Karachi. A practical tip for bidders: Ensure that your bid security is prepared exactly as per the instructions and submitted both electronically and physically on time to avoid disqualification. Also, carefully review the detailed scope and eligibility criteria on the EPADS portal to prepare a compliant and competitive bid.