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 2 releases in its history.

Award

28 May 2025 at 06:20

Tender

10 Feb 2025 at 11:31

Summary of the contracting process

The Foreign Commonwealth and Development Office has successfully completed the procurement process for Group Term Life and Medical Insurance services for its country-based staff at the British High Commission in Bangladesh. This open tendering procedure culminated in the awarding of the contract to American Life Insurance Company, an established provider in the insurance sector. The contract, valued at £645,696, covers the period from 1st May 2025 to 30th April 2026, with a possibility of extension for an additional two years based on performance evaluation and necessity. The procurement falls under the services category, specifically health insurance services, and highlights the Ministry’s adherence to EU procurement regulations.

This contract presents significant business growth opportunities, especially for large enterprises specializing in insurance services. Companies not only gain by securing high-profile clients like the Foreign Commonwealth and Development Office but also by strengthening their presence in the strategic South Asian market. The bid had an emphasis on quality criteria such as service commitment, coverage adequacy, and the efficiency of the claim settlement process, indicating that businesses with robust quality frameworks and competitive pricing strategies are well-positioned to succeed in similar procurements.

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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.

Lot Information

Lot 1

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.

Renewal: Proposed Contract Duration (in months): 1 Year (initial period) Proposed Extension options: 2 Years (on 1+1 basis)

Publication & Lifecycle

Open Contracting ID
ocds-h6vhtk-04dd29
Publication Source
Find A Tender Service
Latest Notice
https://www.find-tender.service.gov.uk/Notice/027906-2025
Current Stage
Award
All Stages
Tender, Award

Procurement Classification

Notice Type
Tender Notice
Procurement Type
Standard
Procurement Category
Services
Procurement Method
Open
Procurement Method Details
Open procedure
Tender Suitability
Not specified
Awardee Scale
Large

Common Procurement Vocabulary (CPV)

CPV Divisions

66 - Financial and insurance services


CPV Codes

66511000 - Life insurance services

66512200 - Health insurance services

Notice Value(s)

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

Notice Dates

Publication Date
28 May 20259 months ago
Submission Deadline
10 Mar 2025Expired
Future Notice Date
Not specified
Award Date
29 Apr 20259 months ago
Contract Period
Not specified - Not specified
Recurrence
Not specified

Notice Status

Tender Status
Complete
Lots Status
Cancelled
Awards Status
Active
Contracts Status
Active

Contracting Authority (Buyer)

Main Buyer
FOREIGN COMMONWEALTH AND DEVELOPMENT OFFICE
Contact Name
Not specified
Contact Email
bidisha.chaliha@fco.gov.uk, shristi.chaudhary@fcdo.gov.uk
Contact Phone
+91 8376809241

Buyer Location

Locality
INDIA
Postcode
110 021
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

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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