Award

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

FOREIGN COMMONWEALTH AND DEVELOPMENT OFFICE

This public procurement record has 1 release in its history.

Award

28 May 2025 at 06:23

Award Notice
Summary of the contracting process

The procurement process managed by the Foreign Commonwealth and Development Office of the UK, based at King Charles Street, London, recently concluded with the awarding of a contract for providing Group Term Life and Medical Insurance services. The successful bid was submitted by American Life Insurance Company. This contract, which falls under the Health Insurance Services category (CPV code 66512200), covers the insurance needs of the British High Commission's country-based staff in Bangladesh. It began on May 1, 2025, and will run until April 30, 2026, with the potential for extension up to April 30, 2028, subject to satisfactory performance. The procurement used an open procedure method, and the total contract value is £645,696. This award stage was finalised on April 30, 2025.

This contract presents substantial opportunities for businesses involved in providing health insurance services, especially those looking to expand their operations internationally. Since the procurement process was open, it encourages participation from a diverse range of suppliers, including small and medium enterprises (SMEs). The possibility of contract extension offers added incentives for long-term growth and revenue prospects. Companies that are adept at delivering comprehensive insurance services, particularly those with experience in the public sector or international markets, would be well-suited to engage with similar opportunities in the future.

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Notice Information

Notice Title

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

Notice 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.

Notice Details

Publication & Lifecycle

Open Contracting ID
ocds-b5fd17-214e373e-52e4-4891-a7e9-c8962c9975c9
Publication Source
Contracts Finder
Latest Notice
https://www.contractsfinder.service.gov.uk/Notice/6a446e2f-1868-4141-a2bf-74f2b4ac9c1e
Current Stage
Award
All Stages
Award

Procurement Classification

Notice Type
Award Notice
Procurement Type
Standard
Procurement Category
Services
Procurement Method
Open
Procurement Method Details
Open procedure (above threshold)
Tender Suitability
SME, VCSE
Awardee Scale
Large

Common Procurement Vocabulary (CPV)

CPV Divisions

66 - Financial and insurance services

CPV Codes

66512200 - Health insurance services

Notice Value(s)

Tender Value
£645,696 £500K-£1M
Lots Value
Not specified
Awards Value
£645,696 £500K-£1M
Contracts Value
Not specified

Notice Dates

Publication Date
28 May 20259 months ago
Submission Deadline
11 Mar 2025Expired
Future Notice Date
Not specified
Award Date
29 Apr 202510 months ago
Contract Period
30 Apr 2025 - 30 Apr 2026 6-12 months
Recurrence
Not specified

Notice Status

Tender Status
Complete
Lots Status
Not Specified
Awards Status
Active
Contracts Status
Not Specified

Buyer & Supplier

Contracting Authority (Buyer)

Main Buyer
FOREIGN COMMONWEALTH AND DEVELOPMENT OFFICE
Contact Name
Available with D3 Tenders Premium →
Contact Email
Available with D3 Tenders Premium →
Contact Phone
Available with D3 Tenders Premium →

Buyer Location

Locality
LONDON
Postcode
SW1A 2AH
Post Town
South West London
Country
England
Major Region (ITL 1)
TLI London
Basic Region (ITL 2)
TLI3 Inner London - West
Small Region (ITL 3)
TLI35 Westminster and City of London
Delivery Location
Not specified
Local Authority
Westminster
Electoral Ward
St James's
Westminster Constituency
Cities of London and Westminster

Supplier Information

Number of Suppliers
1
Supplier Name

AMERICAN LIFE INSURANCE

Further Information

Notice Documents

Notice URLs

Open Contracting Data Standard (OCDS)

View full OCDS Record for this contracting process

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The Open Contracting Data Standard (OCDS) is a framework designed to increase transparency and access to public procurement data in the public sector. It is widely used by governments and organisations worldwide to report on procurement processes and contracts. 

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