---
title: "Group Life Assurance Policy"
ocid: "ocds-b5fd17-826ce61d-e527-4465-bef8-b0632fd0fec4"
canonical_url: "https://d3tenders.com/contract/?ocid=ocds-b5fd17-826ce61d-e527-4465-bef8-b0632fd0fec4"
markdown_url: "https://d3tenders.com/contract/ocds-b5fd17-826ce61d-e527-4465-bef8-b0632fd0fec4.md"
json_url: "https://d3tenders.com/contract/ocds-b5fd17-826ce61d-e527-4465-bef8-b0632fd0fec4.json"
source: "Contracts Finder"
current_stage: "Award"
buyer: "STUDENT LOANS COMPANY LIMITED"
published: "2023-01-18"
---

# Group Life Assurance Policy

Buyer: STUDENT LOANS COMPANY LIMITED  
Current stage: Award  
OCID: ocds-b5fd17-826ce61d-e527-4465-bef8-b0632fd0fec4

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## Summary

The Student Loans Company Limited has awarded a contract for the provision of a Group Life Assurance Policy to Zurich Assurance Ltd. The contract, with a total value of £600,116.22 GBP, was awarded through a selective procurement method as a call-off from a framework agreement. The procurement process started on 2022-10-20 and the contract period is from 2022-11-06 to 2025-11-05. The buying organisation, based in Darlington, England, is engaged in the services industry related to insurance services.

This tender for the Group Life Assurance Policy provides an opportunity for insurance companies and businesses in the financial services sector to compete. Given the nature of the contract, businesses with experience in providing insurance services, particularly in group life insurance policies, would be well-suited to participate. The contract's duration up to 2025 offers a long-term business opportunity for the successful supplier to leverage this contract for sustainable growth and business development.

## Notice

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. SLC require to engage an insurer to provide the supporting Group Life Insurance policy.

## Key Details

| Field | Value |
| --- | --- |
| Publication source | Contracts Finder |
| Latest notice | https://www.contractsfinder.service.gov.uk/Notice/ed93a035-afb7-4bcc-9bb1-8505a2fd8996 |
| Notice type | Award Notice |
| Procurement type | Framework |
| Procurement category | Services |
| Procurement method | Selective |
| Procurement method details | Call-off from a framework agreement |
| Tender suitability | Not specified |
| Awardee scale | Large |
| All stages | Award |

## Dates

| Field | Value |
| --- | --- |
| Publication date | 18 Jan 2023 |
| Submission deadline | 20 Oct 2022 |
| Future notice date | Not specified |
| Award date | 26 Oct 2022 |
| Contract period | 6 Nov 2022 - 5 Nov 2025 |
| Recurrence | Not specified |

## Values

| Field | Value |
| --- | --- |
| Tender value | £600,116 |
| Lots value | Not specified |
| Awards value | £600,116 |
| Contracts value | Not specified |

## Status

| Field | Value |
| --- | --- |
| Tender status | Complete |
| Lots status | Not specified |
| Awards status | Active |
| Contracts status | Not specified |

## Buyer

| Field | Value |
| --- | --- |
| Main buyer | STUDENT LOANS COMPANY LIMITED |
| Locality | DARLINGTON |
| Post town | Darlington |
| Postcode | DL1 1RW |
| Country | England |
| ITL 1 | TLC North East (England) |
| ITL 2 | TLC3 Tees Valley |
| ITL 3 | TLC33 Darlington |
| Local authority | Darlington |
| Electoral ward | Red Hall & Lingfield |
| Westminster constituency | Darlington |
| Delivery location | Not specified |

## Supplier

| Field | Value |
| --- | --- |
| Number of suppliers | 1 |
| Supplier names | ZURICH ASSURANCE |

## CPV Codes

### Divisions

- 66 - Financial and insurance services

### Codes

- 66510000 - Insurance services

## Release History

- 18 Jan 2023 at 10:20 - Award - Award Notice - https://www.contractsfinder.service.gov.uk/Notice/ed93a035-afb7-4bcc-9bb1-8505a2fd8996

## Documents

- https://www.contractsfinder.service.gov.uk/Notice/ed93a035-afb7-4bcc-9bb1-8505a2fd8996
  18th January 2023 - Awarded contract notice on Contracts Finder

## Provenance

This Markdown file is an alternate public rendering of the D3 Tenders contract record. The canonical page is https://d3tenders.com/contract/?ocid=ocds-b5fd17-826ce61d-e527-4465-bef8-b0632fd0fec4. The underlying structured data is available as OCDS JSON at https://d3tenders.com/contract/ocds-b5fd17-826ce61d-e527-4465-bef8-b0632fd0fec4.json.