PAKISTAN STEEL                           

(Insurance Department)

 

No.INSE/08/Cover/2011-12/                                                                                                                                                                                                               July 21, 2011

 

            SUB:-   TECHNICAL/FINANCIAL OFFERS OPENING, ITS EVALUATION REPORTS/RESULTING.

 

a)                  Tender Enquiry No.INSE/08/Cover/2011-12 dated 24-05-2011.

b)                  Tender Opening Dates 09-06-2011 and 04-07-2011.

c)                  Mode of Tendering – Annually.

d)                  Type:- Group Life Insurance Policy/contract of Management and Executives/Officers of Pakistan Steel w.e.f. 01-07-11 to 30-06-2012.

e)                  Number of Bid received :-  05,   Accepted  :-  05

f)                   Technical and Financial Status.

 

S.No.

Bidder/Insurer Name

Descriptions

Technical Status

Financial Status (Premium Rate per thousand per annum.)

Remarks

Management & Executives/Officers

 

 

1.

State Life Insurance Corporation of Pakistan 

24 Hrs. Group Life Insurance coverage against Natural/Accidental death. All kind of accidental injuries such as  PTD, PPD & TTD, including occupational hazards and terrorism. Sum Insured will be double incase of accidental death.

Qualified

05.80 % o

-

2.

EFU Life Assurance Co. Ltd.

24 Hrs. Group Life Insurance coverage against Natural/Accidental death. All kind of accidental injuries such as  PTD, PPD & TTD, including occupational hazards and terrorism. Sum Insured will be double incase of accidental death.

Qualified

05.24% o

Validity of 30 days upto 08-07-2011.

3.

NJI Life Assurance Co. Ltd.

24 Hrs. Group Life Insurance coverage against Natural/Accidental death. All kind of accidental injuries such as  PTD, PPD & TTD, including occupational hazards and terrorism. Sum Insured will be double incase of accidental death.

Qualified

05.78% o

Rate will be revised if any changes in information.

4.

Dawood Family Takaful Ltd.,

24 Hrs. Group Life Insurance coverage against Natural/Accidental death. All kind of accidental injuries such as  PTD, PPD & TTD, including occupational hazards and terrorism. Sum Insured will be double incase of accidental death.

Qualified

05.09% o

-

5.

East West Life Assurance Co. Ltd.

24 Hrs. Group Life Insurance coverage against Natural/Accidental death. All kind of accidental injuries such as  PTD, PPD & TTD, including occupational hazards and terrorism. Sum Insured will be double incase of accidental death.

Qualified

04.99% o

-