Expired contract

Group Life Assurance Policy

Details

Value
£600,116.22
Duration
3 years
Topic
Insurance services
Published
18 January 2023

Tender description

SLC contractually provides all employees with a life assurance benefit through a Death in Service Benefit Scheme providing a salary linked amount of benefit to beneficiaries. SLC require to engage an insurer to provide the supporting Group Life Insurance policy.

Timeline

  1. Completed: Award date6 November 2022
  2. Completed: Award published18 January 2023
    Current notice
  3. Completed: Contract expiry date5 November 2025

About the buyer

Student Loans Company administers loans and grants to students across the UK as a non-departmental public body sponsored by the Department for Education. The Commercial Services team runs procurement across the organisation. Framework agreements are the first route, particularly through Crown Commercial Service and Scottish Government procurement. Contracts above the regulated threshold are advertised on Find a Tender. Suppliers register through the Central Digital Platform to bid for covered procurements. A forward pipeline lists upcoming opportunities ahead of the largest contracts. Delivery partners have joined through a technology transformation procured by competitive tender.

Procurement spend from central entities makes up 66% of overall UK public spend.

Over the past 5 years, most of Student Loans Company's contract awards have been in software and information systems, IT services and business services.

Relevant CPV codes

  • 66510000 · Insurance services

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Decision makers

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