Selection of Takaful Insurance Company for Staff House Loan Death Coverage

Bank of Khyber in Peshawar invites bids for selecting a Takaful Insurance Company to provide coverage under a Takaful window for staff house loan death cases. This tender falls under Insurance Services category and is managed by the Bank of Khyber's Head Procurement Division. The contract is for a three-year framework agreement to cover staff house loans in case of death, ensuring financial security for employees' families. The procurement follows the KP Public Procurement Regulatory Authority (KPPRA) rules, using a single stage two envelopes method. The process requires firms to submit technical and financial bids separately through the EPADS online portal, reflecting modern e-procurement practices. Bidders should ensure compliance with all regulatory requirements including valid PEC registration if applicable, and must be on the Active Taxpayers List (ATL) for the fiscal year 2025-26. Firms are advised to prepare earnest money in the form of Call Deposit Receipt (CDR) as per tender conditions and ensure all documentation meets the Bank's standards. The submission deadline is set for January 26, 2026, at 10:30 AM, with bid opening scheduled the same day at 11:00 AM. All bids must be submitted online via the EPADS system; no hard copies will be accepted. The Bank of Khyber's Head Office is located at BOK Tower, 24-The Mall, Peshawar Cantt, where the procurement division operates. Pro-Tip: Carefully review the tender documents on the EPADS portal for specific requirements on bid security and technical specifications. Missing the exact format for the Call Deposit Receipt or failing to submit bids online will lead to disqualification.