Description / Scope of Work
State Life Insurance Corporation of Pakistan (SLIC) invites competitive sealed bids for the hiring of re-takaful services to support its Window Takaful Operations Home Business division. The tender seeks qualified re-takaful service providers capable of delivering comprehensive reinsurance coverage and risk management solutions aligned with Islamic financial principles. This procurement is essential for managing the takaful fund and ensuring robust risk mitigation strategies for SLIC's growing home business portfolio in Sindh province.
Eligible bidders must be established re-takaful companies with valid registration and appropriate regulatory licenses from relevant authorities. Prospective bidders are required to submit technical bids demonstrating their operational capacity, financial stability, claims handling expertise, and compliance with Sharia principles. A proposal security declaration and integrity pact must accompany all submissions. Bidders must meet minimum qualifying marks in their technical proposals to proceed to financial evaluation stages.
Bid documents are available from SLIC's procurement department, with detailed submission instructions provided in this tender document. Proposals must be submitted by the closing date of August 10, 2026. Technical bids will be opened on the scheduled date, followed by evaluation of qualified submissions based on criteria outlined in Forms B and C. Interested parties should contact SLIC directly for clarifications, bid forms, and specific contact details of the procurement authority responsible for this tender process.