Tender

Provision of Private Medical Insurance

OFCOM

This public procurement record has 1 release in its history.

Tender

14 Jun 2024 at 07:19

Summary of the contracting process

OFCom is inviting tenders for the provision of Private Medical Insurance cover for its employees from 1 January 2025 to either 31 December 2026 or 31 December 2027. The procurement method is an open procedure, with a total contract value of £9,000,000. The closing date for tenders is 16 July 2024. The contract period starts on 1 January 2025 and ends on 31 December 2026. The procurement falls under the "Insurance and pension services" category and is located in London, with postal code SE1 9HA.

This tender presents an opportunity for insurance providers to offer group Private Medical Insurance cover to OFCom employees. Businesses providing insurance services in the UK and meeting regulatory requirements can compete. The requirements include offering clear pathways for healthcare conditions, online services, and support helplines. Businesses focusing on wellbeing services and ancillary offers have a chance to enhance their portfolio through this contract.

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Notice Title

Provision of Private Medical Insurance

Notice Description

a provider of a group Private Medical Insurance cover to Ofcom Colleagues, and any associated groups covered under the "Ofcom Choices Group Private Medical Insurance" scheme, from 1 January 2025 to 31 December 2026, or 31 December 2027 (if a three-year expiry period is offered). The key criteria for this ITT are: - the nature of the benefit offered, - its clarity and ease of use for members and administrators, - its cost, and - its alignment with our Diversity & Inclusion and Wellbeing objectives. In addition, Ofcom is looking for ease of implementation, straightforward contracting and the service levels offered. As a minimum, the Tenderers must: - Meet the detailed requirements as outlined in Appendix 1 to Section 6. - Provide rates for all levels of cover (single, couple, family and single parent), including rates for employees over 65 - please ensure that your rates are on the correct rate weightings (see the Data Pack for further details). - Ensure at a minimum the continuation of current benefit at the same level as currently provided and as outlined in the ITT Data Pack, which is provided as Appendix 2 to Section 6. We expect Tenderers to provide details on where the level of cover they can provide is improved from the minimum continuation of the current benefit level, clearly highlighting the difference in cover and financial impact if there is one. - Provide group Private Medical Insurance cover to a small group of employees that are not eligible for flexible benefits through Ofcom Choices. These employees are currently insured under the main group Private Medical Insurance scheme but under a separate subsection. - Offer clear pathways for Musculoskeletal and Mental Health conditions and for Cancer (skin, breast and prostate). - Offer online services for members, including online claim submissions and tracking, with access through computers, smartphones and tablets. - Provide robust Management Information ideally accessible directly by Ofcom but otherwise provided at regular intervals. - Demonstrate an understanding of Ofcom's Diversity & Inclusion objectives and how the cover supports these objectives. - Be an insurer that is regulated and authorised by the UK Financial Conduct Authority (FCA) and Prudential Regulatory Authority (PRA). - Demonstrate a high level of financial stability; Standard & Poor A+ (stable) rating or higher. It would be preferable if the insurance policy and/or insurance provider could: - Provide a three-year administration charge guarantee. A two-year administration charge guarantee is acceptable but may not score as highly as a three-year administration guarantee. - Offer support helplines to members such as a 24/7 service. - Offer members ancillary wellbeing services and offers.

Publication & Lifecycle

Open Contracting ID
ocds-b5fd17-a39fc7fd-83d2-4f80-b6f0-2ee8f9813035
Publication Source
Contracts Finder
Latest Notice
https://www.contractsfinder.service.gov.uk/Notice/173b1a37-cfec-44dd-9788-a3c533cf9bef
Current Stage
Tender
All Stages
Tender

Procurement Classification

Notice Type
Tender Notice
Procurement Type
Standard
Procurement Category
Services
Procurement Method
Open
Procurement Method Details
Open procedure (above threshold)
Tender Suitability
Not specified
Awardee Scale
Not specified

Common Procurement Vocabulary (CPV)

CPV Divisions

66 - Financial and insurance services


CPV Codes

66500000 - Insurance and pension services

Notice Value(s)

Tender Value
£9,000,000 £1M-£10M
Lots Value
Not specified
Awards Value
Not specified
Contracts Value
Not specified

Notice Dates

Publication Date
14 Jun 20241 years ago
Submission Deadline
16 Jul 2024Expired
Future Notice Date
Not specified
Award Date
Not specified
Contract Period
1 Jan 2025 - 31 Dec 2026 1-2 years
Recurrence
Not specified

Notice Status

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

Contracting Authority (Buyer)

Main Buyer
OFCOM
Contact Name
Mark Lundy
Contact Email
mark.lundy@ofcom.org.uk
Contact Phone
020 7981 3204

Buyer Location

Locality
LONDON
Postcode
SE1 9HA
Post Town
South East London
Country
England

Major Region (ITL 1)
TLI London
Basic Region (ITL 2)
TLI4 Inner London - East
Small Region (ITL 3)
TLI44 Lewisham and Southwark
Delivery Location
Not specified

Local Authority
Southwark
Electoral Ward
Borough & Bankside
Westminster Constituency
Bermondsey and Old Southwark

Further Information

Notice Documents

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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