Invitation for Expression of Interest for Pre-Qualification as an Insurer for Group Life Assurance Covers for Employees of the Federal Government for 2013

Posted by Chinyere on Tue 04th Dec, 2012 -

The Federal Government of Nigeria wishes to call for bids from registered insurance companies to provide mandatory life assurance cover for all its employees in compliance with the Pension Reform Act 2004 for the year 2013.

Any insurance company seeking to be pre-qualified must satisfy the following conditions:
  • It must be a limited liability company registered in Nigeria and licensed by the National Insurance Commission to transact Life Assurance Business.
  • It must have assets as stipulated in the Insurance Act 2003 and any latest published accounts for its life assurance business.
  • It must have adequate and qualified staff with cognate experience in life assurance business.
  • It must have verifiable location address in Abuja.
  • It must be a good corporate company that pays it taxes as and when due.
  • It must have complied with the Pension Reform Act 2004.
  • It must have evidence of claims settlement.
  • It should provide evidence of registration under the Employee Compensation Act with NSITF.

An insurer applying to be pre-qualified must do so in writing accompanied by the following documents to be bound together:
  • a true copy of its Certificate of Incorporation certified by the Corporate Affairs Commission;
  • a true copy of its license or recertification as an insurer to transact life assurance business certified by NAICOM;
  • copies of the company’s published Annual Report and Accounts for the last three years certified by NAICOM;
  • a copy of the NAICOM approval of Annual Returns and Accounts for the underwriting year 2010;
  • a true copy of the company’s current Tax Clearance Certificate certified by issuing Tax Office of the Federal inland Revenue Service and evidence of payment of current tax;
  • a clearance issued by the National Pension Commission with respect to transfer of legacy pension liabilities;
  • certificate of compliance with the Pension Reform Act in respect of company’s employees issued by the National Pension Commission;
  • a profile of 6 (six) top management staff of the company with their qualification and insurance working experience;
  • evidence of experience in similar schemes; and
  • a signed declaration by the Chief Executive Officer that the company settles and will continue to settle all genuine claims promptly.

All certified documents must be the original certified copy and currently dated.

Six (6) copies of the bound application and supporting documents must be submitted in a sealed envelope marked “Bid for Group Life Assurance Cover for Employees of the Federal Government 2013 Insurer” to reach:

The Secretary, Ministerial Tenders Board,
Office of the Head of the Civil Service of the Federation,
1st Floor, Block A, Room 112, Federal Secretariat Phase II, Abuja, FCT,

Closing Date

12.00 noon on Tuesday 18th December, 2012.

Opening of bids will be held in the presence of applicants, who wish to attend at 2.00 pm on Tuesday, 18th December, 2012. Venue is Atiku Hall, Office of the Head of the Civil Service of the Federation, Federal Secretariat Phase II, Abuja.

No communication will be entered into with any unsuccessful applicant.

Permanent Secretary
(Common Services Office)
For: Head of the Civil Service of the Federation