Renewal of Group Staff Finance Insurance Policy for 2026-2027

The Bank of Punjab invites bids for the renewal of the Group Staff Finance Insurance Policy for the financial year 2026-2027. This procurement is managed by the Head Centralized Procurement department located at the Bank's office on 4th Floor, The Workplace, 12-E, Block E/II, Main Boulevard, Gulberg III, Lahore, Punjab. The tender calls for well-reputed organizations or companies to submit their technical and financial bids under the Single Stage-Two Envelope Bidding Process. Items being procured: - Renewal of Group Staff Finance Insurance Policy for 2026-2027 The scope of this tender involves the provision of insurance services covering the group staff finance portfolio of the Bank of Punjab. Bidders must ensure their proposals include all applicable taxes and delivery charges. The tender documents are available free of cost on the Punjab e-Procurement System (eP) portal and the PPRA website. Bids must be uploaded and submitted exclusively through the Punjab e-Procurement System portal by the deadline. Eligibility criteria include valid NTN and GST registration certificates. Bidders are required to submit a 2% bid security of the estimated cost via 1 Links or Bank Guarantee digitally through a generated PSID number in favor of The Bank of Punjab. 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. The submission deadline is **28-07-2026 at 11:00 am**. Interested bidders should ensure timely submission through the e-Procurement portal to avoid disqualification. The Bank of Punjab will not be responsible for any costs incurred in the submission of documents. A practical tip for bidders: Carefully review the bid security submission process and ensure the digital payment or bank guarantee is correctly linked to the PSID number before the deadline to avoid bid rejection. This tender offers a valuable opportunity for insurance providers with experience in group staff finance policies to engage with a major financial institution in Lahore.