---
title: "PROCUREMENT OF THE COMPANY WIDE LIFE ASSURANCE POLICY"
ocid: "ocds-b5fd17-859d97d7-e9b1-4e97-ab6d-3530081921e4"
canonical_url: "https://d3tenders.com/contract/?ocid=ocds-b5fd17-859d97d7-e9b1-4e97-ab6d-3530081921e4"
markdown_url: "https://d3tenders.com/contract/ocds-b5fd17-859d97d7-e9b1-4e97-ab6d-3530081921e4.md"
json_url: "https://d3tenders.com/contract/ocds-b5fd17-859d97d7-e9b1-4e97-ab6d-3530081921e4.json"
source: "Contracts Finder"
current_stage: "Award"
buyer: "PEABODY"
published: "2020-09-20"
---

# PROCUREMENT OF THE COMPANY WIDE LIFE ASSURANCE POLICY

Buyer: PEABODY  
Current stage: Award  
OCID: ocds-b5fd17-859d97d7-e9b1-4e97-ab6d-3530081921e4

[View canonical contract page](https://d3tenders.com/contract/?ocid=ocds-b5fd17-859d97d7-e9b1-4e97-ab6d-3530081921e4)  
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## Summary

The procurement process involves Peabody Trust, based in London, which has completed a tender for the "Procurement of the Company Wide Life Assurance Policy," aimed at providing life assurance cover for its employees. This procurement falls under the life insurance services category and is valued at £396,672.33. The open procedure tender period officially ended on 22 June 2020, with the contract period commencing on 1 July 2020 and concluding on 30 June 2022.

This contract presents an opportunity for businesses specialising in life insurance services to engage with Peabody Trust as a prospective client. Companies that are well-suited to compete for this contract include both large insurers capable of providing comprehensive life assurance products and smaller enterprises that can offer tailored services. The nature of this tender caters specifically to firms experienced in employee benefit schemes and life insurance, making it a prime opportunity for growth in this sector.

## Notice

To provide Life Assurance cover for the employees of Peabody Trust, along with any ancillary benefits which may be included within the product.

## Key Details

| Field | Value |
| --- | --- |
| Publication source | Contracts Finder |
| Latest notice | https://www.contractsfinder.service.gov.uk/Notice/b91f560f-9254-495b-947b-f18ab2aac692 |
| Notice type | Award Notice |
| Procurement type | Standard |
| Procurement category | Services |
| Procurement method | Open |
| Procurement method details | Open procedure |
| Tender suitability | SME |
| Awardee scale | Large |
| All stages | Award |

## Dates

| Field | Value |
| --- | --- |
| Publication date | 20 Sep 2020 |
| Submission deadline | 21 Jun 2020 |
| Future notice date | Not specified |
| Award date | 21 Jun 2020 |
| Contract period | 30 Jun 2020 - 30 Jun 2022 |
| Recurrence | Not specified |

## Values

| Field | Value |
| --- | --- |
| Tender value | £396,672 |
| Lots value | Not specified |
| Awards value | £396,672 |
| 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 | PEABODY |
| Locality | LONDON |
| Post town | South East London |
| Postcode | SE1 7JB |
| Country | England |
| ITL 1 | TLI London |
| ITL 2 | TLI4 Inner London - East |
| ITL 3 | TLI44 Lewisham and Southwark |
| Local authority | Southwark |
| Electoral ward | St George's |
| Westminster constituency | Bermondsey and Old Southwark |
| Delivery location | TLI London |

## Supplier

| Field | Value |
| --- | --- |
| Number of suppliers | 1 |
| Supplier names | LEGAL & GENERAL |

## CPV Codes

### Divisions

- 66 - Financial and insurance services

### Codes

- 66511000 - Life insurance services

## Release History

- 20 Sep 2020 at 14:35 - Award - Award Notice - https://www.contractsfinder.service.gov.uk/Notice/b91f560f-9254-495b-947b-f18ab2aac692

## Documents

- https://www.contractsfinder.service.gov.uk/Notice/b91f560f-9254-495b-947b-f18ab2aac692
  20th September 2020 - Awarded contract notice on Contracts Finder
- https://www.delta-esourcing.com/delta/respondToList.html?noticeId=526969181
  Please follow this link to view the notice.

## 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-b5fd17-859d97d7-e9b1-4e97-ab6d-3530081921e4. The underlying structured data is available as OCDS JSON at https://d3tenders.com/contract/ocds-b5fd17-859d97d7-e9b1-4e97-ab6d-3530081921e4.json.