Tender Details
Description / Scope of Work
The National Institute of Banking and Finance Pakistan (NIBAF-P), through its Facility Management Division, invites sealed bids for the provision of comprehensive health and life insurance policy services. This is a non-consultancy services procurement on a national basis using a single-stage, one-envelope bidding process. The tender is issued by NIBAF-P located at Pitras Bukhari Road, Sector H-8/1, Islamabad, and covers insurance policy administration and related services across the organization's operations in Federal territory.
Bidders must meet specified eligibility criteria including relevant registration with competent authorities and demonstrated capability in insurance services delivery. A bid security declaration and performance guarantee will be required from successful bidders. The tender document specifies detailed service requirements, scope of work, and price schedule parameters that interested parties must review thoroughly before submission.
Bid documents are available from NIBAF-P Facility Management Division. Interested service providers should submit their bids in sealed envelopes to the office address provided. For detailed information regarding submission procedures, bid opening dates, and technical specifications, contact the Procurement Division at NIBAF.Procurement@nibaf.org.pk or call +92-213-527-7500. The closing date for bid submission is August 12, 2026.
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-P seeks insurance service providers for health and life policies covering its staff and operations. The scope spans policy administration, claims processing, and related services with potential for ongoing contract renewal. The tender references historical loss ratios for both product lines, suggesting experience-based evaluation. This appears a medium-scale, recurring procurement typical of institutional insurance needs; bidders should have proven capability in policy administration and claims management for both health and life products.
Who can bid: The notice does not explicitly state registration or licensing requirements. Typically, bidders must be registered with the Securities and Exchange Commission of Pakistan (SECP) as an insurance company or broker authorized to underwrite or distribute health and life insurance, hold valid SECP registration, maintain active NTN status with FBR, and demonstrate claims settlement capability and financial stability.