Tender Details
Description / Scope of Work
Karachi Tanners Development and Management Company (KTDMC), Sindh, invites bids for hiring an insurance company to provide Group Health Family Takaful (GHFT) coverage. The procurement is conducted under bid number 162/KTDMC/2026-27 and encompasses the provision of comprehensive family health insurance products structured under Islamic Takaful principles. This is a service contract for employee and family health protection, representative of medium-scale group health benefits procurement common in industrial and commercial sectors in Sindh.
Bidders must be registered insurance companies licensed to operate Takaful (Islamic insurance) products in Pakistan and authorized by the State Bank of Pakistan (SBP) or the relevant regulatory authority. Bidders shall be required to provide evidence of regulatory compliance, financial stability, and prior experience in group health or family Takaful schemes. A bid security deposit, the amount and form of which will be specified in the Bid Data Sheet (Section III), must accompany the bid submission.
Bidding documents are available from KTDMC and must be obtained as per the instructions in Section II (Instructions to Bidders). Bids shall be submitted in sealed envelopes to the specified office on or before the closing date. The bid opening date and venue will be communicated separately. Bidders are advised to review Sections I through VI (Invitation to Bids, ITB, Bid Data Sheet, Eligible Countries, Schedule of Requirements, and Standard Forms), as well as Part B covering General and Special Conditions of Contract. The successful bidder will be required to furnish an Integrity Pact and Performance Security before contract award. For detailed information and submission guidelines, contact KTDMC directly using the reference number 162/KTDMC/2026-27.
For Bidders: Our Analysis PAKISTANTENDER INSIGHT
Independent analysis by PakistanTender — not part of the official notice. Always confirm details against the original tender document.
KTDMC seeks an Islamic Takaful insurance provider for employee and family group health coverage.
This is a service contract requiring SBP-licensed Takaful operator with demonstrated group health scheme experience. Scale appears medium-sized, typical of industrial sector employee benefits. The tender follows standard World Bank–style procurement procedure (GCC/SCC framework), signalling institutional buyer with formal processes. No price ceiling or estimated annual premium is disclosed in this page; bidders must source full specification from Schedule of Requirements (Section V). Closing date September 2026 provides reasonable preparation time.
Who can bid: Bidders must be licensed insurance companies authorized to operate Takaful products in Pakistan under SBP regulation. Typically, bidders must hold valid certificate of registration from the State Bank of Pakistan (SBP) for Takaful business, demonstrate financial soundness, and provide evidence of at least three years' experience in group health or family insurance schemes. NTN and SECP registration are standard compliance requirements.