Description / Scope of Work
State Life Insurance Corporation of Pakistan invites sealed bids for hiring of reinsurance services for its SLIC Home Business under the conventional insurance portfolio in Sindh province. This tender document outlines the complete procurement process for engaging qualified reinsurance service providers to support the corporation's home insurance portfolio management and risk distribution. The reinsurance arrangement will cover existing business classes as detailed in the scope section, with reference to the Pakistan Life Fund and current reinsurance arrangements. The contract will be governed by the terms and conditions specified in this tender document.
Eligible bidders must meet specified pre-acceptance eligibility criteria and possess relevant reinsurance expertise and financial stability. Bidders are required to submit technical proposals evaluated against defined criteria detailed in Form-B, with a minimum qualifying threshold for technical scores. All proposals must include company basic information via Form-A and mandatory documentation for evaluation. Bid security and other financial requirements will be assessed as per the tender specifications. Prospective bidders should carefully review the mandatory conditions for reinsurance arrangement outlined in section 9 of the tender document.
Bid documents are available as per the tender schedule, with submission details provided in the instructions to bidders section. The sealed bids will be opened on the specified date following the tender timeline. For queries and further information regarding this reinsurance services procurement, eligible organizations should contact the corporation through the designated bid form contact person. The contract period and all terms of payment, force majeure provisions, and termination clauses are detailed in the general conditions of proposal section.