Find a TenderAwarded
Published 10 Feb 2025, 11:31 GMT

Official UK procurement notice

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

Official notice

Authority: Foreign, Commonwealth and Development Office (Central government)·Consortium: 2 public authorities

ServicesOpen procedure
Sectors: Financial and insurance services (66) Delivery: Bangladesh (BD)
Published estimate£645,696exc. VAT
Submissions closed 10 Mar 2025awarded 30 Apr 2025
Awarded to American Life Insurance Company

What is being bought

Published requirement 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.

CPV: Health insurance services · Life insurance services

The lotProcurement structure

single lot · no lot value published
Lot #1American Life Insurance Company has been selected to deliver a comprehensive Medical…AwardedRenewal

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.

Delivery listed: Bangladesh (BD) · British High Commission, Bangladesh
Extensions: Proposed Contract Duration (in months): 1 Year (initial period) Proposed Extension options: 2 Years (on 1+1 basis)Variant bids: allowed

What it takes to win
i

How this buyer will score bids.

The evaluation criteria and weights exactly as published on the notice, grouped by family (price, quality, social value and so on).

Evaluation split and conditions of participation as published; the tender pack may add more
How bids were scored
Quality: 60%Price: 40%
Published sub-criteria (9)
  • Coverages Provided (including sub-limits): 10%
  • Adherence to the Statement of Service Requirement: 10%
  • Claim Settlement Process: 10%
  • Service Level Agreement: 10%
  • Escalation Matrix & Customer Support: 5%
  • Data and Information Security and Confidentiality: 5%
  • Hospital/Clinic NetworkHospital/Clinic Network: 5%
  • Contract start date: 5%
  • A full assessment of the total price breakdown for each of the. Competitiveness of the Commercial offer in relation to the Market.: 40%
Published award criteria (9)
  • Coverages Provided (including sub-limits): 10
  • Adherence to the Statement of Service Requirement: 10
  • Claim Settlement Process: 10
  • Service Level Agreement: 10
  • Escalation Matrix & Customer Support: 05
  • Data and Information Security and Confidentiality: 05
  • Hospital/Clinic NetworkHospital/Clinic Network: 05
  • Contract start date: 05
  • A full assessment of the total price breakdown for each of the. Competitiveness of the Commercial offer in relation to the Market.: 40
What this means for your bid
  • Price carries 40 of 100 points: a 10% discount moves about 4 points. The method statement decides this lot, not the discount.

Price arithmetic assumes straight proportional scoring; the tender pack may use another formula.

Procedure terms & legal framework

From the official record · publisher note attached
Procedure method
Open procedure
Legal basis
CELEX · 32014L0024 Public Contracts Regulations 2015 (Directive 2014/24/EU)
Procurement category
Services
Notice status
Awarded
Procurement threshold
Unspecified in notice
Regulatory regime
Standard
Commercial structure
Stand-alone contract (no framework)
Competition type
Competitive procedure
GPA / WTO covered
Yes (GPA)
Recurring procurement
Yes
First published
10 Feb 2025, 11:31 GMT
Last source update
28 May 2025, 07:20 BST
Award evaluation window
11 Mar 2025 – …
Authority reference
CPG-11914-2025
FTS notice number
2025/S 000-027906
Classification (CPV)
Health insurance servicesLife insurance services
Delivery area
Bangladesh (BD)
Official registry OCID
ocds-h6vhtk-04dd29 Find a Tender

Publisher note: Group Term Life and Medical Insurance for Country Based Staff of BHC in Dhaka, Bangladesh

How it was run

Official notice
Run through: portal not identified
Language: EN
Submission deadline
10 Mar 2025, 17:30 GMT
Submission channel
{"electronicSubmission","written"}
Accepted languages
en
Bids opened
11 Mar 2025, 09:00 GMT
Detailed submission instructions & authority contactsFrom official release

Timeline

10 Mar 2025 → 28 May 2025 · 3 dates
  1. Submission deadline
    10 Mar 2025, 17:30 GMT
  2. Bids opened
    11 Mar 2025, 09:00 GMT
  3. Notice published
    28 May 2025, 07:20 BST

Notice history

2 events · 2 releases on Find a Tender · since 28 May 2025
  1. Status changed to complete
    28 May 2025, 07:20 BST
  2. Buyer details updated
    28 May 2025, 07:20 BST

Commercial outcome & contract awards

Published awards, contracts and bid statistics, not a forecast
Awards 1
Awarded value £645,6961 contract exc. VAT
Bids received 3
Contracts signed 1latest 30 Apr 2025
Awarded toValueDateStatus
American Life Insurance Company£645,696 †—Awarded

Contracts

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

    Signed
    30 Apr 2025
    Value
    £645,696
    Status
    active

Bid statistics published by the authority

BidsSMEVCSEValid bid range
3bids———

Contracting authority & participating public bodies

2 public bodies on the notice

Foreign Commonwealth and Development Office

Contracting authorityCentral GovernmentMinistry or any other national or federal authority, including their regional or local subdivisionsGeneral public services King Charles Street, London, BD, SW1A 2AHContact email

Dispute resolution & review bodies

  • Foreign and Commonwealth and Development officeReview body London
  • Shristi ChaudharyReview body New DelhiContact email

Bidders & participating suppliers

1 commercial party on the notice

Official documents & specifications

Official links; attachments are not copied

No document links were published on the notice.