Renewal of Group Staff Finance Insurance Policy for 2026-2027

The Bank of Punjab Lahore invites bids for the renewal of Group Staff Finance Insurance Policy for the financial year 2026-2027. This procurement is managed by the Head Centralized Procurement office located at 4th Floor, The Workplace, 12-E, Block E/II, Main Boulevard, Gulberg III, Lahore. Items being procured: - Renewal of Group Staff Finance Insurance Policy for 2026-2027 The procurement process follows a Single Stage-Two Envelope Bidding Process where technical and financial bids are submitted separately but simultaneously. Bidders must submit their bids through the Punjab e-Procurement System (eP) portal only. The technical bids will be opened on 28-07-2026 at 11:30 am in the presence of bidders or their authorized representatives. Financial bids of only technically qualified bidders will be opened later on a date to be announced. A 2% bid security of the estimated cost must be submitted via 1Links or Bank Guarantee digitally through a generated PSID number in favor of The Bank of Punjab by the closing date and time. Eligibility criteria include valid NTN and GST registration certificates. Prices quoted must be inclusive of all applicable taxes and delivery charges. The tender documents are available free of cost on the Punjab e-Procurement System and PPRA website. The Bank of Punjab will not be responsible for any cost incurred in the submission of documents. Bidders are advised to carefully review the technical requirements and ensure timely submission of bids through the official e-Procurement portal. It is practical to prepare all registration and bid security documents well in advance to avoid last-minute issues. This tender offers a valuable opportunity for insurance companies with relevant experience and valid registrations to secure a significant contract with a major financial institution.