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Description / Scope of Work
The Punjab Health Initiative Management Company in Lahore, Punjab invites sealed bids for the selection of a reputable health insurance provider to manage group health and life insurance for its employees and their dependents. This government tender aims to provide comprehensive coverage including hospitalization and maternity benefits across various employee categories with limits reaching up to one point two million Rupees. Additionally, the life insurance component offers sum assured benefits between three million and thirteen million Rupees for natural or accidental death, along with provisions for permanent total disability. Interested firms must possess a minimum of ten years of experience and maintain a PACRA or JCR-VIS credit rating of at least A plus. The estimated cost for this annual contract is four point nine million Rupees. All participating companies must be registered with the SECP, Federal Board of Revenue, and Punjab Revenue Authority. Technical and financial proposals must be submitted electronically through the EPADS portal by 02:00 PM on 14 May 2026, accompanied by a two percent bid security of ninety-eight thousand Rupees.