Request for Proposal - Group Life Insurance for KRN Employees

Posted date14th May, 2025Last date to apply26th May, 2025CategoryTender. The purpose of this Request for Proposal (the “RFP”) is to solicit proposals from interested bidders for providing “Group Life Insurance for KRN Employees” The RFP is designed to assess whether bidders are able to provide the goods and services required (hereinafter jointly and severally referred to as the “Services”), and through a competitive and fair assessment, select a winning bidder for the services for a long-term contract.2. Karandaaz Pakistan invites sealed proposals from interested and eligible bidders. Further details on the Services required are provided in the Terms of Reference (Section 4 of RFP).3. The bidder will be selected, in accordance with the Procurement Policies and Procedures of Karandaaz Pakistan (the “KRN Policy and Procedures”). In the event of any conflict or inconsistency in terms and conditions of the RFP and the KRN Policy and Procedures, the KRN Policy and Procedures shall prevail.4. Karandaaz Pakistan anticipates issuing a Fixed Price Contract in PKR.5. An award will be made based on the Quality and Cost based selection.6. This RFP is only an invitation to the prospective Bidders to submit their proposal. It primarily contains indicative terms for the Bidders to submit their proposals and does not confer any rights to the Bidders. Any information contained in the RFP or provided to the Bidders is on the terms and conditions set out in this RFP. Karandaaz is providing this RFP without any warranty or representation, express or implied, as to its content, its accuracy or completeness and may at its absolute discretion, but without being under any obligation to do so, update, amend or supplement the information of this RFP. Each Bidder shall be responsible for conducting its own investigation and analysis and should check the accuracy, reliability and completeness of this RFP and where necessary obtain independent advice. In case of conflict between the provisions of this RFP andAddendum(s) to the RFP, the provisions of this RFP shall prevail unless stated otherwise. In case of any conflict between the provisions of this RFP, the decision of the Purchaser shall be final regarding the overriding effect of the respective provision.7. Both technical and financial proposals must be submitted in a hard copy and electronically through email with subject: “Group Life Insurance for KRN Employees” before 5 PM Pakistan Standard Time on 26 th May, 2025. Bidders must prepare one hard copy of the technical proposal and one hard copy of the financial proposal, and submit them in separate sealed envelopes to the attention of ‘The Procurement Department’ 1-E, Ali Plaza, D Chowk,REQUEST FOR PROPOSALSCountry: PakistanTitle of RFP: Group Life Insurance for KRN EmployeesRFP Number: 162Issuance date of RFP: 14th May, 2025Last date for Queries: 20th May, 2025Response to Queries: 21st May, 2025Closing date of RFP: 26th May, 2025Address RFP response to: Procurement DepartmentE-mail Address: ********* Floor, Nazimuddin Road, Blue Area, Islamabad, Pakistan.Bidders MUST also submit electronic copies of technical & financial proposals through email ********* Bidders must also submit password protected electronic copies of financial proposal. Password for financial proposal will be requested by Karandaaz procurement department at the time of financial opening (if needed).Soft copy of the bids/proposals shall be considered in case of any discrepancy found with hardcopy.Yours sincerely,The Procurement DepartmentKarandaaz PakistanApply By:Both technical and financial proposals must be submitted in a hard copy and electronically through email with subject: “Group Life Insurance for KRN Employees” before 5 PM Pakistan Standard Time on 26 th May, 2025. Bidders must prepare one hard copy of the technical proposal and one hard copy of the financial proposal, and submit them in separate sealed envelopes to the attention of ‘The Procurement Department’ 1-E, Ali Plaza, D Chowk,REQUEST FOR PROPOSALSCountry: PakistanTitle of RFP: Group Life Insurance for KRN EmployeesRFP Number: 162Issuance date of RFP: 14th May, 2025Last date for Queries: 20th May, 2025Response to Queries: 21st May, 2025Closing date of RFP: 26th May, 2025Address RFP response to: Procurement DepartmentE-mail Address: ********* Floor, Nazimuddin Road, Blue Area, Islamabad, Pakistan.Bidders MUST also submit electronic copies of technical & financial proposals through email ********* Bidders must also submit password protected electronic copies of financial proposal. Password for financial proposal will be requested by Karandaaz procurement department at the time of financial opening (if needed).Soft copy of the bids/proposals shall be considered in case of any discrepancy found with hardcopy.Yours sincerely,The Procurement DepartmentKarandaaz Pakistan