Adam Smith International Pakistan (SMC) Pvt Ltd invites detailed proposals from renowned Insurance Companies having actively registered with Securities Exchanges Commission of Pakistan (SECP) and with FBR on Active Tax Payer List (ATL) having preferably /AA+/ AA-/ A+/A/A- rating from PACRA for Group Life and comprehensive Health insurance of employees and their dependents. (as per DATA provided)
Terms & Condition
The purpose of this EOI is to solicit proposals for Insurance Services, as per the Terms of Reference (ToR)
The Vendor shall bear all costs associated with the preparation and submission of the proposal,
Proposals can be submitted as full or partial ie. (i) Life only, (ii) Health only (iii) Both
At any time prior to the deadline for submission of proposals, ASI may, for any reason, whether at its own initiative or in response to a clarification requested by a prospective bidder, modify the RFP by amendment and will notify the same to all bidders.
The Proposals and all related correspondence and documents shall be in English language.
All prices shall be quoted in Pak Rupees only inclusive all applicable taxes.
Proposals shall remain valid for three months after the date of Proposal submission
Payment to supplier/services provider would be 100% upon receipt of original invoices. And will be made in Pak Rupees through Crossed Cheque on company name after deduction of applicable taxes as per FBR existing rules.
To assist in the examination, evaluation and comparison of Proposals, the ASI may at its discretion, ask the Vendor for clarification of its Proposal. The request for clarification and the response shall be in writing and no change in price or substance of the Proposal shall be sought, offered or permitted.
Proposal determined as not substantially responsive will be rejected and may not subsequently be made responsive by the Vendor by correction of the nonconformity.
The proposals will be evaluated through a competitive selection process under the criteria as enclosed
- All firms shall go through following evaluation criteria as per this RFP. Companies are requested to submit their financial proposals electronically to “PAKprocurement@adamsmithinternational.com” with their company name in subject line on or before May 10th, 2020. Proposals received after deadline may not be considered for further evaluation
- For any queries or clarification for submission.
Contact: PAKprocurement@adamsmithinternational.com with subject line “Attn Office Manager / Insurance Query”