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Group Life Assurance Policy

STUDENT LOANS COMPANY

This public procurement record has 1 release in its history.

Award

14 Jan 2026 at 09:23

Award Notice
Summary of the contracting process

The Student Loans Company, serving as the buying organisation, has completed the procurement process for a Group Life Assurance Policy under the category of Life Insurance Services, which falls within the services industry. The procurement was executed without a prior publication call through the Crown Commercial Services Insurance Services 3 Dynamic Purchasing System (DPS), and the official date for the award was 14 January 2026. This process, labelled under the procurement ID 2025-TR-0085, focused on the region specified as UKM, with the service set to benefit employees through a Death in Service Benefit Scheme. Notably, Zurich Corporate Risk was awarded the contract valued at £676,638.86, which was signed on 5 November 2025.

This tender provides a substantial business growth opportunity, especially for companies specialising in life insurance services looking to increase their foothold in the governmental sector. Firms that can offer competitive lifecycle management of employee insurance policies are particularly well-suited to compete in this sector. With the procurement handled via a limited process, there was no requirement for a call for competition, indicating that efficiency and readiness for direct service provision were key considerations. This makes it an appealing opportunity for large-scale life insurance service providers, such as Zurich Corporate Risk, which has demonstrated the capability and resource capacity to fulfil such contracts effectively.

How relevant is this notice?

Notice Information

Notice Title

Group Life Assurance Policy

Notice Description

SLC require to engage an insurer to provide the supporting group life insurance policy.

Lot Information

Lot 1

SLC contractually provides all employees with a life assurance benefit through a Death in Service Benefit Scheme providing a salary linked amount of benefit to beneficiaries. The amount paid is determined by the SLC Trust which has been established to oversee the Scheme. SLC require to engage an insurer to provide the supporting group life insurance policy.

Procurement Information

Procured via Crown Commercial Services Insurance Services 3 Dynamic Purchasing System (RM6138) - no requirement for call for competition. Only 1 provider returned in search for Direct to Customer insurance.

Notice Details

Publication & Lifecycle

Open Contracting ID
ocds-h6vhtk-060549
Publication Source
Find A Tender Service
Latest Notice
https://www.find-tender.service.gov.uk/Notice/002930-2026
Current Stage
Award
All Stages
Award

Procurement Classification

Notice Type
Award Notice
Procurement Type
Standard
Procurement Category
Services
Procurement Method
Limited
Procurement Method Details
Award procedure without prior publication of a call for competition
Tender Suitability
Not specified
Awardee Scale
Large

Common Procurement Vocabulary (CPV)

CPV Divisions

66 - Financial and insurance services

CPV Codes

66511000 - Life insurance services

Notice Value(s)

Tender Value
Not specified
Lots Value
Not specified
Awards Value
Not specified
Contracts Value
£676,638 £500K-£1M

Notice Dates

Publication Date
14 Jan 20267 months ago
Submission Deadline
Not specified
Future Notice Date
Not specified
Award Date
5 Nov 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

Buyer & Supplier

Contracting Authority (Buyer)

Main Buyer
STUDENT LOANS COMPANY
Contact Name
Available with D3 Tenders Premium →
Contact Email
Available with D3 Tenders Premium →
Contact Phone
Available with D3 Tenders Premium →

Buyer Location

Locality
DARLINGTON
Postcode
DL1 1RW
Postcode Area
Darlington
Country
England
Major Region (ITL 1)
TLC North East (England)
Basic Region (ITL 2)
TLC3 Tees Valley
Small Region (ITL 3)
TLC33 Darlington
Delivery Location
TLM Scotland
Local Authority
Darlington
Electoral Ward
Red Hall & Lingfield
Westminster Constituency
Darlington

Supplier Information

Number of Suppliers
1
Supplier Name

Zurich Corporate Risk

Further Information

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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