Tender Details
Description / Scope of Work
The Punjab Educational Endowment Fund (PEEF), a statutory organisation in Punjab, invites sealed bids from eligible insurance companies for the provision of comprehensive group health insurance covering hospitalization, surgical procedures, maternity benefits and specialized investigations for the period September 2026 to August 2027. The insurance scheme will cover 214 beneficiaries comprising 58 employees across four categories, 54 spouses and 101 children. Coverage includes medical insurance benefits up to combined limits as specified in Annex-A, with 100 percent pre-existing disease coverage and 100 percent congenital disease coverage disclosed and undisclosed up to hospital combined limits. The selected insurer must maintain reputable hospital panels across all major cities of Pakistan and provide personalized health cards for member management.
Eligible bidders must be registered insurance companies licensed to operate in Pakistan with demonstrated experience in group health insurance. While the tender document does not explicitly specify licensing requirements, bidders are typically required to hold valid registration with the Securities and Exchange Commission of Pakistan (SECP) and maintain current insurance regulatory authority compliance. No bid security amount or earnest money deposit is mentioned in the available tender sections, though this may be detailed in complete tender documents not provided herein.
Bidders must submit sealed technical and financial proposals using the single-stage single-envelope method in accordance with PPRA rules amended to March 2021, rule 38(1). The insurer must provide 24-hour operational helpline and customer care services, online computerized reporting systems for patient admissions and claims, and settlement of claims within 20 working days maximum turnaround time. Interested companies should contact the Manager Administration and HR at The Punjab Educational Endowment Fund, 33 Civic Center Sabzazar Scheme Lahore, telephone UAN 042-111-117-333 or email helpdesk@peef.org.pk for detailed tender documents and clarifications.
For Bidders: Our Analysis PAKISTANTENDER INSIGHT
Independent analysis by PakistanTender — not part of the official notice. Always confirm details against the original tender document.
PEEF seeks a group health insurer for 214 beneficiaries across four employee categories for one year (Sept 2026–Aug 2027). This is a medium-scale recurring contract covering hospitalization, maternity, surgery and investigations with 100% pre-existing and congenital disease coverage. The scope demands nationwide hospital panel coverage and sophisticated claims management infrastructure. Key competitive factors include rapid claims turnaround (20 days), 24/7 customer support, and online reporting systems. Bidders must satisfy SECP registration and regulatory compliance; no bid security mentioned in available extracts.
Who can bid: Bidders must typically be SECP-registered insurance companies licensed to underwrite health insurance in Pakistan with demonstrated group health insurance underwriting experience. The notice does not explicitly state a minimum experience requirement or turnover threshold, but standard practice for group health tenders typically requires three to five years' group health insurance experience. NTN registration and valid tax compliance are typically mandatory.