DEADLINE: 17TH NOVEMBER, 2021
FAMILY HEALTH INTERNATIONAL (FHI360)
EXPRESSION OF INTEREST (EOI) FOR PROVISION OF INSURANCE BROKERAGE FOR GROUP LIFE ASSURANCE POLICY
(A) BACKGROUND
Family Health International (FHI 360) is a not-for-profit human development organization dedicated to improving lives in lasting ways by integrated, locally driven solutions. Our staff includes experts in health, education, nutrition, environmental economic development, civil society, gender equality, youth, research, and technology – creating a unique mix of capabilities to address today’s interrelated development challenges. The Nigeria Country Office is hereby seeking qualified and interested insurance Broker to express interest for provision of Group Life Assurance Policy for FHI360’s employees.
(B) SCOPE OF SERVICE REQUIRED
To enable FHI360 take out a Group Life Assurance policy for her staff, the selected brokers following the review of all submissions and UPON REQUEST will.
(1) Approach underwriters on behalf of FHI360 and use their expertise to negotiate favorable policy benefit, terms, and conditions for FHI360’s employees.
(2) Draw on their own extensive market knowledge to advise FHI360 on the issue relating to policy benefits, extensions and available options.
(3) Leverage on their experience and expertise to help FHI360 select insurance policies that deliver risk solution at the most competitive rate and execute same with identified issuer(s) on behalf of FHI360.
(C) REQUIREMENTS FOR THE EOI
Please read this section carefully and be sure that all the requested information is included in your submission. Evaluators will neither make assumptions nor draw inferences regarding missing or incomplete information. The submission of incomplete information could result in the rejection of proposals. Submissions should be comprehensive and highlight how the bidding company intends to meet up our requirements as stated above.
(1) Detailed company profile with registered address, functional email address, telephone number, and point of contact for the organisation.
(2) Evidence of company registered (i.e Certificate of Incorporation, Form CAC2 and CAC7)
(3) Evidence of Financial stability
(i) Bank reference Letter
(ii) Audited Financial Statement for 2018, 2019, and 2020 (Showing minimum average annual turnover of N50million during the three-year period)
(4) Tax Clearance Certificate for 2018, 2019 and 2020
(5) Certificate of registration and valid/current membership with National Insurance Commission (NICOM)
(6) Certificate of registration and valid/current membership with the Nigerian Council of Registered Insurance Brokers (NICRIB)
(7) Evidence of experience in taking out and administering group life assurance policies for reputable organizations (Especially NGOs)
(8) Evidence of successful settlement of at least five claims (of minimum value of N15 million each) on life assurance policies within the last three years, with clear identification of how long it took to settle each claim.
(9) Recommendation letter from at least two past or present clients
(D) SUBMISSION OF PROPOSAL
Organization who want to express interest should do so by submitting and Expression of Interest Letter and Include all the documents listed in Section C above in a sealed envelope clearly indication “Provision of Group Life Assurance Policy”. All requested documents should be submitted to the below address not later than 4:00 pm Wednesday November 17, 2021
The Procurement Committee,
FHI360, 8 Yedseram Street, Maitama, Abuja
Any proposal received by FHI60 after the deadline for submission stated herein shall be rejected and returned unopened to the bidder. Bidder must submit request for clarification concerning this EOI via quotations.Nigeria@ng-fhi360.org not later than 5:30 pm on Wednesday November 10, 2021
Please note:
Issuance of this EOI in no way constitutes a community by FHI360 to any bidder. FHI 360 reserves the right to vary any part of this EOI at the time of award if it becomes necessary. FHI360 is Value added Tax (VAT) exempted, but carryout Withholding Tax (WHT) deduction on commercial transactions in compliance with the relevant Nigerian Laws.
