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Pakistan Stock Exchange Limited (PSX) invites proposals under the Single Stage–Two Envelope method from established and reputable insurance companies for Group Health and Life Insurance coverage for its employees. The contract duration will be one (1) year.

Who Can Apply?

Insurance companies that meet the following eligibility criteria are encouraged to participate in the bidding process:

For Health Insurance:

• Must have a minimum “AA” rating by PACRA or JCR-VIS.

• Should have a net worth or market capitalization ideally above PKR 6 billion.

• A proven track record with at least 8 years of experience in the health insurance business.

For Life Insurance:

• Must have a minimum “A” rating by PACRA or JCR-VIS.

• Should have a net worth or market capitalization ideally above PKR 3 billion.

• A minimum of 6 years of experience handling life insurance business is required.

Additionally, all bidding companies must be:

• Approved by SECP

• Registered with GST and Income Tax authorities.

Tender Collection & Submission Process:

1. Tender Document Collection:

   • Authorized representatives (with a valid authority letter from their Head Office) can collect the detailed tender documents.

   • Collection dates: From June 11 to June 13, 2025 (during business hours).

   • A non-refundable fee of Rs. 5,000 is payable via Pay Order in favor of Pakistan Stock Exchange.

2. Submission of Bids:

   • Bids must be submitted in a sealed main envelope labeled "Tender for Health/Life Insurance".

   • Inside the main envelope, place two separate sealed envelopes clearly marked as:

     • Technical Proposal

     • Financial Proposal

   • Address your bid to:

     Procurement and Sourcing Department
     Pakistan Stock Exchange Limited
     Stock Exchange Building, Stock Exchange Road, Karachi

   • Last date for submission: June 19, 2025

3. Opening of Bids:

   • Bids will be opened in the presence of PSX’s Bid Opening Committee on June 23, 2025.

Important Notes:

• PSX reserves the right to accept or reject any or all bids without providing any reason.

• For queries or clarifications, you may contact the Procurement and Sourcing Department at:

  • Phone: 021-35274427

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Pakistan Stock Exchange Limited
Stock Exchange Building, Stock Exchange Road, Karachi
Phone: 111-001-122 | Fax: 32460923

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