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Provision of Group Life Assurance Policy for University of Strathclyde

University of Strathclyde

This public procurement record has 2 releases in its history.

Award

06 Aug 2025 at 01:00

PCS Notice - Website Contract Award Notice
Tender

13 Mar 2025 at 00:00

PCS Notice - Website Contract Notice
Summary of the contracting process

The University of Strathclyde, located in Glasgow, has completed the procurement process for a Group Life Assurance Policy to cover its employees. The contract was awarded to Unum Limited and was signed on 1st June 2025. The procurement process followed an open procedure, classified under the services category, and was identified with the CPV code 66511000. The contracting process began with the tender stage on 13th March 2025, with a closing date for submissions on 31st March 2025. The main objective was to provide an insurance policy covering 352 employees, ensuring a financial safety net equivalent to three times the employee’s annual salary. The procurement was handled with the assistance of Gallagher Consulting (Healthcare) Ltd. as a broker.

This tender presents substantial opportunities for well-established insurance providers across the UK specialising in group life assurance policies. Businesses with a robust system for managing and processing claims efficiently and maintaining strong communication lines with clients are well-suited for such contracts. Additionally, the procurement required companies to demonstrate a substantial yearly turnover and hold comprehensive insurance coverages, thereby attracting firms with solid financial and operational foundations. By participating in similar tenders, companies can expand their client portfolio within the public sector, enhancing their business growth by aligning their offerings to accommodate large-scale employee benefit schemes. The University's emphasis on direct premium payments and a streamlined claims process can provide an edge to innovative insurers who can meet these demands efficiently.

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Notice Information

Notice Title

Provision of Group Life Assurance Policy for University of Strathclyde

Notice 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.

Lot Information

Lot 1

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.

Options: The Contracting Authority reserves the right to request additional deliveries by the Successful Tenderer, either intended as partial replacement of supplies or installations or as extensions of existing supplies and installations. The Contracting Authority may at it's sole discretion exercise this option.

Renewal: the University shall allow for the option to extend / renew the policy for a period of 12 months.

Notice Details

Publication & Lifecycle

Open Contracting ID
ocds-r6ebe6-0000793056
Publication Source
Public Contracts Scotland
Latest Notice
https://www.publiccontractsscotland.gov.uk/search/show/search_view.aspx?ID=AUG536434
Current Stage
Award
All Stages
Tender, Award

Procurement Classification

Notice Type
PCS Notice - Website Contract Award 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

Notice Value(s)

Tender Value
Not specified
Lots Value
Not specified
Awards Value
Not specified
Contracts Value
£72,663 Under £100K

Notice Dates

Publication Date
6 Aug 20251 years ago
Submission Deadline
31 Mar 2025Expired
Future Notice Date
Not specified
Award Date
1 Jun 20251 years ago
Contract Period
Not specified - Not specified
Recurrence
Not specified

Notice Status

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

Buyer & Supplier

Contracting Authority (Buyer)

Main Buyer
University of Strathclyde
Contact Name
Available with D3 Tenders Premium →
Contact Email
Available with D3 Tenders Premium →
Contact Phone
Available with D3 Tenders Premium →

Buyer Location

Locality
GLASGOW
Postcode
G1 1XU
Postcode Area
Glasgow
Country
Scotland
Major Region (ITL 1)
TLM Scotland
Basic Region (ITL 2)
TLM3 West Central Scotland
Small Region (ITL 3)
TLM32 Glasgow City
Delivery Location
TLM82 Glasgow City
Local Authority
Glasgow City
Electoral Ward
Anderston/City/Yorkhill
Westminster Constituency
Glasgow North East

Supplier Information

Number of Suppliers
1
Supplier Name

Unum Limited

Further Information

Notice Documents

  • https://www.publiccontractsscotland.gov.uk/search/show/search_view.aspx?ID=MAR525939
    Provision of Group Life Assurance Policy for University of Strathclyde - 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.
  • https://www.publiccontractsscotland.gov.uk/search/show/search_view.aspx?ID=AUG536434
    Provision of Group Life Assurance Policy for University of Strathclyde - 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.

Open Contracting Data Standard (OCDS)

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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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