Health and Life Insurance

TENDER NOTICE

SPO invites sealed bids from well reputed companies for provision of COMPREHENSIVE GROUP LIFE INSURANCE coverage to SPO’s 133 staff and GROUP HEALTH INSURANCE coverage for SPO’s 133 staff and their dependents. Group Life Insurance and Group Health Insurance will be effective from July 01, 2025 to June 30, 2026. SPO has the right to accept or reject any or all bids without assigning any reason thereof. Last date for submission of bids is June 20, 2025 on or before 1700 hrs.

We need the services of AA+ rated companies for the provision of Health and Life insurance.

Health Insurance requirements: 

Staff (133) and their dependents (Final list will be shared at the time of the policy)

Hospitalization

Hospitalization coverage as per the below table; is valid for employees, spouses, children and parents.

• Maximum age coverage for employees and spouse is 65 years, 85 years for parents, 25 years for unmarried male children and till marriage for daughters
• Medical emergencies shall be covered
• Congenital diseases shall be covered
• Daycare surgeries shall be covered
• Pre and post-hospitalization expenses for 30 days are to be covered
• Major medical care (Dread diseases with hospitalization and with regular OPD)
• Hepatitis B and C, Intra-ocular lens implant (IOL) are to be covered
• All declared/undeclared pre-existing conditions are fully covered
• Specialized investigations are to be covered
• 100% enhancement of the hospitalization limit in case of an accident
• Complimentary pool of PKR350,000/-

Maternity Benefit

Maternity benefit as per the below table; valid for all female married staff members and spouses for maternity benefits up to the age of 45 years.

• Pre and post-natal expenses equal to the respective hospitalization limit
• Circumcisions included

Category and benefits table:

Kindly quote for each of the following options;

• Option 1 – Per confinement product
• Option 2 – Annual product

Please note: Both products are based on per person per year limit

Life Insurance requirements:

1. No of staff 133 (Final list will be shared at the time of the policy)
2. Age Limit 65 years
3. Sum Assured 36 times Basic Salary or Min Rs. 1,200,000/- whichever is
4. Temporary Total Disability 100% of monthly salary up to a Maximum of Rs. 30,000/- pm
5. Accidental Death Benefit 72 times Basic Salary or Min Rs. 2,000,000/- whichever is higher up to a maximum 25,000,000/-
6. Natural Disability Benefit
7. Permanent Partial and Permanent Total Disability Benefits;
8. Accidental disability benefits

Note: Staff medical examination expense (if required) shall be borne by the insurance company

Note: Please email at manahil@stagingspo.spohrm.org for the provision of the list (staff and dependents).

Bids should be addressed to;

Procurement Committee

Strengthening Participatory Organization,

Building 1B, Street No. 26, Sector G-9/1, Islamabad – Pakistan.

Telephone No.: 051- 8736194

General Terms and Conditions

1. Vendor/Supplier should be registered with the Government of Pakistan.
2. Separate Technical Specifications are available for each category.
3. A vendor/supplier can apply for one or more tenders.
4. The sealed bids with vendor profile, sample items and 5% of the total amount as refundable earnest money should reach the Head of Administration on the date mentioned in the advert.
5. The cost of transportation and all taxes should be included in the rates quoted.
6. Payment to vendor will be made in installments against each tranche of goods delivered at specified distribution points.
7. The Vendor shall provide an invoice along with delivery challan signed by the individual receiving the items.
8. The vendor(s) will issue a numbered receipt when they receive the payment/installment. If the numbered receipt is not available, a receipt on his/her letterhead, acknowledging the payment will be obtained.
9. Performance security to be released upon successful completion of contract.
10. Delivery times and sizes of each supply batches shall be clearly indicated in the Purchase Order. Agreed delivery time should be strictly followed.
11. In case of breach / delay in delivery, deductions up to 1% of the total amount on 3 days, up to 5% on 5 days delay and termination of Purchase Order beyond this period. The contract can be suspended or cancelled at the sole discretion of SPO and all monies due to the vendor / supplier forfeited. SPO will be at liberty to award the contract for any remaining unsupplied quantities to any other parties at the risk and cost of the supplier.
12. The general conditions should be read together with the technical specifications.
13. Inspection of goods by SPO may be done before delivery and at the time of delivery at distribution point.
14. In case of dispute between the parties, the same shall be referred for arbitration under Pakistani law, and the award in such arbitration shall be final and binding.
15. The bidder(s) can also mention any specific condition, which shall be taken into consideration before the award of supply orders.
16. Goods to be delivered at the designated warehouses of the organization as mentioned in the tender.
17. If any bidder need clarification on any technical specifications or general conditions, he/she must do so in writing .The clarification, if any, shall be issued to all bidders.