Group Life Insurance For Employees Tender Notice
Description
Provision of Group Life Insurance for employees of Punjab Industrial Estates Development and Management Company for a period of one year, renewable. Bids are invited from AA-rated and above insurance companies registered with FBR for Income Tax and Sales Tax, having active taxpayer status and registered on the Punjab e-Procurement System. Bidding will be conducted under Single Stage One Envelope procedure and the contract will be awarded to the lowest evaluated bidder. Bidding documents are available free of cost through PPRA, PIEDMC and Punjab e-Procurement System. Completed, signed and stamped e-bids must be submitted by 3:00 PM on 23 October 2026 and opened at 3:30 PM on the same date. Bid Security of Rs.28,800, stated as 2% of estimated cost, must be submitted online exclusively through Bank of Punjab and physical financial instruments will not be accepted. Pro Tip: This procurement concerns employee group life insurance, corporate insurance coverage and one-year renewable insurance services, relevant to eligible insurance companies and employee benefits insurers.
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group life insurance employeesClosing Date: 23 Oct 2026
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