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Punjab Board of Investment & Trade (PBIT), a not-for-profit public sector company established under Section 42 of the Companies Act 1984, is the official trade and investment promotion agency of the Government of Punjab. PBIT invites sealed tenders from reputable insurance companies for the following:

• Lot I: Group Health Insurance (including both In-Patient and Out-Patient coverage) for PBIT employees and their dependents.

• Lot II: Group Life Insurance coverage for PBIT employees.

These services are required for the coverage period of the financial year 2025–2026.

Eligibility Criteria:

Interested insurance companies must:

• Hold a minimum credit rating of AA+ from PACRA or JCR-VIS.

• Be fully compliant with all regulatory requirements necessary to provide the proposed insurance services.

• Be registered with Income Tax and Sales Tax authorities.

Insurance companies that belong to the same business group but operate health and life insurance under separate licenses may participate individually, under their respective names.

Tender Procedure:

• The procurement will be conducted in accordance with the Punjab Procurement Rules 2014, under the Single Stage – Two Envelope method.

• The tender documents are available for immediate download from the PBIT and Punjab PPRA websites.

Submission Details:

• Bidders must submit one sealed package containing two separate envelopes: one for the Technical Proposal and the other for the Financial Proposal.

• Each bid must be properly completed, signed, stamped, and sealed in accordance with the instructions in the tender document.

• Bids must be submitted no later than 10:30 AM on May 26, 2025, at the PBIT office, 23-Aikman Road, GOR-I, Lahore.

• Bids will be opened at 11:00 AM on the same day in the presence of the bidders or their authorized representatives.

Bid Security:

Each bid must be accompanied by a bid security equivalent to 2% of the estimated contract value, in accordance with the tender document.

Registration Fee:

All prospective bidders must register with the Admin Wing, PBIT, by presenting a deposit slip of Rs. 1,000/- (non-refundable). This fee must be deposited into PBIT’s Account No. 6010003252000015 at Bank of Punjab, Main Branch, Egerton Road, Lahore. A copy of the deposit slip must be attached to the bid.

Important Notes:

• Late, incomplete, unsigned, or improperly sealed bids will not be entertained.

• PBIT reserves the right to cancel or reject any or all bids at any stage as per Rule 35 of the Punjab Procurement Rules 2014.

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Director Admin
Punjab Board of Investment & Trade (PBIT)
23-Aikman Road, GOR-I, Lahore
Phone: (042) 99205201-6
Fax: (042) 99205171

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