Tender Notice for Life and Health Insurance 2026

TENDER NOTICE

 SPO invites sealed bids from well reputed companies for provision of COMPREHENSIVE GROUP LIFE INSURANCE coverage to SPO’s 124 staff and GROUP HEALTH INSURANCE coverage for SPO’s 124 staff and their 453 dependents. Group Life Insurance and Group Health Insurance will be effective from July 01, 2026 to June 30, 2027. 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 15, 2026 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 (124) and their dependents 453 (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)
• 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
• Reserve pool of PKR 350,000/-

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 are to be covered from the maternity limit
• Circumcisions are to be covered from newborn hospitalization limit

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 124 (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@spopk.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