Closed tender

Group Term Life and Medical Insurance for Country Based Staff of British High Commission (BHC) in Bangladesh

Details

Value
£645,696
Topic
Life insurance services
Published
10 February 2025
Submission
10 March 2025

Tender description

This contract has been awarded to American life Insurance Company for delivering the Group Term Life and Medical Insurance for Country Based Staff of British High Commission (BHC) in Bangladesh. The contract period starts from 01st May 2025 till 30th of April 2026 with a further provision for extension of the contract for two more years ( till 30th of April 2028 on 1+1+1 basis) based on satisfactory performance and continued business requirement. Lot 1: American Life Insurance Company has been selected to deliver a comprehensive Medical Insurance cover for staff and their immediate family members. The policy will will provide hospitalisation/in-patient and outpatient cover to all permanent and long-term contract staff employed.

Timeline

  1. Completed: Tender published10 February 2025
    Current notice
  2. Completed: Submission date10 March 2025

About the buyer

The Foreign, Commonwealth and Development Office is a ministerial department that buys through its own Commercial Directorate. Every procurement runs on Jaggaer, the department's eSourcing portal, where suppliers register to bid. Opportunities and awards are published on Contracts Finder, and bids above threshold need Central Digital Platform registration. A commercial pipeline is updated every quarter. Four category teams cover programme delivery, estates and security, digital and technology, and corporate services. The department runs its own frameworks, such as the Global Development Delivery Framework, and dynamic purchasing systems for construction and global facilities management.

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

Over the past 5 years, most of the Foreign, Commonwealth and Development Office's contract awards have been in business services, transport equipment and construction work.

Relevant CPV codes

  • 66511000 · Life insurance services
  • 66512200 · Health insurance services

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Decision makers

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