Tender Details
Description / Scope of Work
The National Institute of Banking and Finance Pakistan invites electronic bids from registered suppliers, contractors and service providers for the procurement of Services of Health and Life Insurance Policies as per detailed specifications. The tender reference is P56540 and covers a two-year extendable contract on an annual basis subject to mutual consent and satisfactory performance. This procurement is being conducted through the E-Procurement Auction and Disposal System EPADS in accordance with PPRA regulations, targeting vendors registered on the Active Taxpayers List of the Federal Board of Revenue. The scope encompasses comprehensive health and life insurance coverage with defined terms and conditions specified in the detailed tender documentation available on the EPADS portal.
Eligible bidders must be registered with PPRA for E-Procurement on the EPADS platform and maintain active status on the Federal Board of Revenue Active Taxpayers List. All participating suppliers and service providers are required to submit a bid security of Rs. 200,000 in the form of a demand draft, pay order, or bank guarantee issued in favor of NIBAF Pakistan. The original bid security must be submitted to the procuring agency on or before the closing time of bid submission, failing which the bid shall be rejected. Unregistered bidders may first register on the EPADS website at https://eprocure.gov.pk, and technical inquiries may be directed to the PPRA technical team via UAN 051-111-137-237.
The complete bidding documents containing detailed terms, conditions, specifications and requirements are available for download from the EPADS portal at https://eprocure.gov.pk. Prospective bidders must submit all electronic bids using the EPADS platform on or before August 12, 2026 at 11:00 AM PST, with bid opening scheduled for the same date at 11:30 AM PST at the office address provided. Manual bids shall not be accepted, and electronic bids opened publicly on the same day will be considered. In case the bid opening date falls on a public holiday, the opening will be rescheduled to the next working day at the same time. For further information, contact the General Manager Facility Management Division at NIBAF Pakistan, M. T. Khan Road, Karachi, via phone (92-21)-35277500/594 or email NIBAF.Procurement@nibaf.org.pk.
For Bidders: Our Analysis PAKISTANTENDER INSIGHT
Independent analysis by PakistanTender — not part of the official notice. Always confirm details against the original tender document.
NIBAF Pakistan is procuring a two-year health and life insurance policy service contract (extendable annually) via ePADS. Bid security is Rs. 200,000. The notice specifies detailed specifications and PPRA compliance requirements but does not disclose the contract value or estimated cost. This appears to be a recurring institutional insurance procurement likely with moderate scale relative to NIBAF's operations. Bidders must already be PPRA-registered; unregistered suppliers face a registration hurdle before participating.
Who can bid: Bidders must be registered with PPRA for E-Procurement and maintain active status on the Federal Board of Revenue Active Taxpayers List. Service providers and contractors in the health and life insurance category are eligible. Those not yet registered may register on EPADS at https://eprocure.gov.pk before submission. Typically, insurance providers must hold valid business licenses and regulatory approvals from the State Bank or insurance regulatory authority.