Provision of Group Life Assurance Policy for University of Strathclyde

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        "description": "The University seek to provide a group life insurance policy to provide coverage for a group of employees. Bidders must be able to demonstrate that they are a well established insurance provider who can provide a Group Life Assurance Policy within the UK. The insurance provider must also be able to accept payment of the premium direct from University of Stratchlyde. The University are being advised on this process and have the support of a broker for this process (Gallagher Consulting (Healthcare) Ltd.",
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                "title": "Provision of Group Life Assurance Policy for University of Strathclyde",
                "description": "The University seek to provide a group life insurance policy to provide coverage for a group of employees. Bidders must be able to demonstrate that they are a well established insurance provider who can provide a Group Life Assurance Policy within the UK. The insurance provider must also be able to accept payment of the premium direct from University of Stratchlyde. The University are being advised on this process and have the support of a broker for this process (Gallagher Consulting (Healthcare) Ltd.",
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                "description": "As part of the University's employee benefits package, The University seek to provide a group life insurance policy to provide coverage for a group of 352 employees. The insurance is intended to support the organisation's commitment to employee welfare and ensure a financial safety net for their families. The policy must offer a benefit equivalent to three (3) times the employee's annual salary. The successful bidder should provide an easy-to-navigate claims process with clear instructions for beneficiaries. Bidders must be able to demonstrate that they are a well established insurance provider who can provide a Group Life Assurance Policy within the UK. The insurance provider must also be able to accept payment of the premium direct from University of Stratchlyde.",
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                    "type": "economic",
                    "description": "1. SPD (Scotland) Question 4B.1.2: Average Yearly Turnover 2. SPD (Scotland) Question 4B.5: Insurance Requirements",
                    "minimum": "1. SPD (Scotland) Question 4B.1.2: Average Yearly Turnover The Candidate will be required to have a minimum average yearly turnover of GBP 300,000.00 for the past 3 financial years. 2. SPD (Scotland) Question 4B.5: Insurance Requirements It is a requirement that Candidates hold, or can commit to obtain prior to the commencement of any subsequently awarded contract, the types and levels of insurance indicated below; The supplier shall maintain in force with reputable insurers employer's liability insurance and public liability insurance in the sum of not less than 10million GBP in respect of any one incident and unlimited as to numbers of claims, and adequate insurances covering all the Contractor's other liabilities in terms of the Contract. The Supplier shall maintain in force with reputable insurers professional liability insurance in the sum of not less than 2 million GBP in respect of any one incident and unlimited as to numbers of claims. On the request of the University , the Supplier shall exhibit satisfactory evidence of the insurance policies referred to above, together with satisfactory evidence of payment of the premium. This requirement is covered in section 4B.5.1a of the SPD."
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