Services of Health and Life Insurance Policies as per Specifications

The National Institute of Banking and Finance Pakistan, located at Pitras Bukhari Road, Sector H8/1, Islamabad, is inviting electronic bids from qualified suppliers and service providers for the provision of health and life insurance policies. This procurement is specifically for services related to insurance coverage as per detailed specifications provided by the institute. Items being procured: - Services of Health and Life Insurance Policies as per Specifications The scope of this tender involves comprehensive insurance services tailored to meet the needs of the institute's staff and stakeholders. The procurement will be conducted through the E-Pak Acquisition and Disposal System (EPADS), ensuring transparency and efficiency in the bidding process. Bidders must be registered with PPRA for e-procurement and have an active Income Tax registration on the Active Taxpayers List (ATL) of FBR for at least one year, extendable for two more years subject to mutual consent and satisfactory service. The tender requires submission of a bid security amounting to PKR 200,000 in the form of demand draft, pay order, CDR, or bank guarantee in favor of NIBAF Pakistan. The original bid security must be submitted to the procuring agency before the closing time of bid submission, failing which the bid will be rejected. The bid submission deadline is **August 12, 2026 at 11:00 AM (PST)**, with bid opening scheduled for the same day at 11:30 AM. All bids must be submitted electronically via EPADS; manual bids will not be accepted. For technical assistance with EPADS registration or submission, bidders may contact the PPRA technical team at UAN: 051-111-137-237. A practical tip for bidders is to ensure timely registration on the EPADS platform and upload all required documents, including the scanned copy of bid security, well before the deadline to avoid last-minute technical issues. This will help in smooth participation and compliance with the tender requirements.