Hiring of Insurance Firm for Provision of Group Life Insurance for Punjab Transport Company Employees

Punjab Transport Company invites bids from at least AA rated insurance companies or groups of companies registered with relevant Registration Authorities and Tax Departments for the provision of Group Life Insurance coverage for PTC employees for the year 2026-27. The coverage period will commence from 16th November 2026 until 15th November 2027. Items being procured: - Group Life Insurance coverage for Punjab Transport Company employees Bidders are required to submit bids online via the Punjab E-Procurement System (EP) by 08th October 2026 at 11:00 AM. Bids will be opened on the same day at 11:30 AM in the presence of bidders who choose to attend at the address mentioned on the Punjab E-Procurement System portal. The bid security of PKR 150,000 (within 5% of the estimated price) must be submitted digitally through 1Link or Bank Guarantee options via the Punjab E-Procurement System. Hard copies of bids will not be entertained. Eligibility criteria include being an AA rated company/group of companies by PACRA/JCR-VIS, registration with relevant authorities, and submission of bid security. The procurement process will follow the Single Stage One Envelope procedure as per Punjab Procurement Rules 2014 (amended). A pre-bid meeting is scheduled for Tuesday, 29th September 2026 at 11:00 AM. Interested bidders should ensure timely submission and compliance with all terms and conditions. For registration and guidance on the Punjab E-Procurement System, bidders may contact PPRA at mobile 1248 or landline 042-1248 from Monday to Saturday 09:00 AM to 06:00 PM. A practical tip for bidders: Ensure your bid security is submitted digitally through the prescribed channels on the Punjab E-Procurement System to avoid disqualification. Also, attend the pre-bid meeting to clarify any queries and improve your bid quality.