Tender Details
Description / Scope of Work
State Life Insurance Corporation of Pakistan (SLIC) invites technical and financial bids for hiring reinsurance services for its SLIC Home Business Conventional portfolio. The procurement is conducted through E-PADS under PPRA Rules via single stage two-envelope procedure and is open to well-recognized national and international reinsurance firms. The tender is issued by the Central Procurement Division at the Principal Office in Karachi, Federal Province. Bids will be received only from firms registered with PPRA for e-procurement on the E-PADS system. The bidding process requires submission of both technical and financial envelopes, with technical bids opening immediately following the submission deadline to evaluate qualifications, experience, and service capability of participating reinsurance firms.
Eligibility is restricted to national and international reinsurance firms with established credentials and PPRA e-procurement registration. Prospective bidders must be registered on the E-PADS portal to participate. The tender document does not specify explicit bid security requirements or minimum net worth criteria in the accessible sections, but standard procurement practices typically require submission of financial statements, proof of insurance authority recognition, and compliance documentation relevant to reinsurance service provision.
Tender documents, including detailed specifications and required annexures, are available for download from the PPRA website at www.ppra.org.pk, the E-PADS system, and State Life's website at www.statelife.com.pk. Filled tenders must be submitted through E-PADS by 22 October 2026 before 1100 hours PST, with technical bids opening the same day at 1130 hours PST. State Life reserves the right to accept or reject all bids in accordance with PPRA Rules. Contact the Central Procurement Division at +92-21-99204521 or dmgs@statelife.com.pk for further information.
For Bidders: Our Analysis PAKISTANTENDER INSIGHT
Independent analysis by PakistanTender — not part of the official notice. Always confirm details against the original tender document.
SLIC seeks a reinsurance partner for its conventional home insurance business via competitive international bidding.
The tender targets established reinsurance firms with proven track records, suggesting moderate to significant risk transfer volumes. E-PADS registration is mandatory, indicating a formal, regulated procurement process. The tight submission timeline (mid-October 2026) and single-stage two-envelope process demand rapid proposal preparation. No explicit contract duration is stated, making it unclear whether this is a one-off engagement or multi-year framework arrangement.
Who can bid: Only firms registered with PPRA on the E-PADS e-procurement system may bid. Bidders should typically hold valid insurance authority recognition in their jurisdiction, maintain professional reinsurance credentials, and provide certified financial statements demonstrating solvency. International reinsurers typically require proof of equivalent regulatory standing and claims-paying ability.