DEADLINE: 5TH JUNE, 2024
GLOBAL ALLIANCE FOR IMPROVED NUTRITION (GAIN)
REQUEST FOR PROPOSAL FOR GROUP LIFE INSURANCE
1.0 ABOUT GAIN
The Global Alliance for Improved Nutrition (GAIN) is a Swiss-based foundation launched at the United Nations in 2002 to tackle the human suffering caused by malnutrition. Working with governments, businesses, and civil society, we aim to transform food systems so that they deliver more nutritious foods for all people, especially the most vulnerable.
At GAIN, we believe that everyone in the world should have access to nutritious, safe, and affordable food. Today, one in three people drawn from nearly every country on the planet are unable to consume enough nutritious food. We work to develop and deliver solutions to this daily challenge.
Headquartered in Geneva, Switzerland, GAIN has offices in countries with high levels of malnutrition: Bangladesh, Benin, Ethiopia, India, Indonesia, Kenya, Mozambique, Nigeria, Pakistan, Rwanda, Tanzania, and Uganda. To support work in those countries, we have representative offices in the Netherlands, the United Kingdom, and the United States.
2.0 BACKGROUND
GAIN is committed to providing life insurance coverage as part of its employee benefits package. To this end, GAIN aims to assess its current Group Life Insurance Policy. Ensuring fair value for services rendered, competitive pricing, and timely delivery are key priorities for GAIN. The primary goal of this Request for Proposal (RFP) is to secure competitive proposals for the provision of Group Life insurance for all GAIN Nigeria Employees.
3.0 THE OBJECTIVE
The aim of this RFP is to select the provider best suited to deliver the services outlined. The goal is to contract an accredited Life Insurance Company capable of offering comprehensive Group Life Insurance coverage to all GAIN Nigeria employees. This coverage will extend for one year, providing a sum insured
in the event of various circumstances including natural death, accidental death, suicidal death, death due to any illness, death due to pre-existing illness, which includes critical illness, murder, riot, natural calamities, as well as permanent disability, temporary total disability, medical expenses, burial expenses,
death of staff, and more. Other benefits would include a disappearance clause, pandemic/epidemic cover, strike, riot and civil commotion, and automatic cover for new hires. Accordingly, eligible insurance companies are invited to submit proposals to GAIN, adhering to the specified requirements.
4.0 SCOPE
The insurance provider is required to secure the best possible insurance coverage, considering factors such as terms, continuity, and cost. Additionally, the provider must offer a comprehensive range of supplementary services. Such as will and estate planning, health and wellness programs, and grief
counseling services.
The selected insurance provider will be responsible for providing the following services:
- Providing group life insurance coverage for approximately 60 GAIN employees
- Death Benefit
- Affordable Premiums
- Employee Benefits Package
- Customization Options
- Efficient claims processing and support for beneficiaries.
- Employee education and communication regarding the benefits of group life insurance
Method of Application
In addition to the proposal (technical and financial), the Insurance company should send a Proposal, and Company Profile to nquotation@gainhealth.org.
TIMELINE
CLOSING DATE: June 05th 2024
