Invitation for Expression of Interest for Pre-Qualification as an Insurance Broker 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 desires to call for bids from registered insurance Brokers to provide mandatory life assurance cover for all its employees in compliance with the Pension Reform Act 2004 for the year 2013.

Any insurance broker 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 act as an Insurance Broker;
  • It must have a verifiable 15 full time employees with cognate qualification and experience:
  • It must have acquired good experience in group life business;
  • It must have verifiable location address in Abuja;
  • It must possesses Professional Indemnity Cover with a limit of liability of not less than N10,000,000.00 or 50% of its last annual brokerage income;
  • It must be a good corporate citizen that pays its taxes as and when due;
  • It must have complied with the Pension Reform Act 2004

An insurance broker 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 current license as an insurance broker certified by NAICOM:
  • copies of the company’s published Annual Report and Accounts for the last three years certified by NAICOM;
  • 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;
  • certificate of compliance with the Pension Reform Act in respect of its 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;
  • location address in Abuja;
  • evidence of Professional Indemnity Cover.

All certified documents must be 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 Insurance Broker” 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