Insurance

Nigerian Content Development and Monitoring Board (NCDMB) —– Invitation for Expression of Interest for Pre-qualification as an Insurer for Group Life Assurance Cover for Employees of the NCDMB

By July 29, 2016 No Comments
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The Nigerian Content Development and Monitoring Board (NCDMB), Yenagoa, Bayelsa State hereby invites interested registered Insurance Companies with good track record of performance and experience to bid for the provision of Group Life Assurance cover for all her employees in compliance with the Pensions Reform Act 2004 for the year 2016/2017
An insurance company applying to be pre-qualified mast do so in writing accompanied by the following documents to be bound together;
(A) A true copy of its license or recertification as an insurer to transact life assurance business recently certified by NAICOM
(B) Copies of the company’s published annual report and accounts for the last three years certified by NAICOM-2013, 2014 and 2015
(C) A copy of the NAICOM approval of Annual Returns and Accounts for the Underwriting year 2015;
(D) A current clearance issued by the national pension commission with respect to transfer of legacy pension liabilities
(E) A profile of 6(six) top management staff of the company with their qualifications and life insurance working experience, especially in group life business
(F) Evidence of experience in similar schemes
(G) A signed declaration by the Chief Executive Officer affirming the company’s fidelity in prompt settlement of genuine claims and evidence of previous settlements.
(H) Evidence of assets as stipulated in the Insurance Act 2003 and its (2015) published accounts for its Life Assurance Business
FURTHER REQUIREMENTS:
Any Insurance Company applying to be pre-qualified must satisfy the following for eligibility:-
(i) It must be limited liability company registered in Nigeria with support documents showing the ownership of the company is 51% owned by a Nigerian/s and other relevant CAC forms
(ii) A true copy of the company’s current Tax clearance certificate valid till 31/12/2016 certified by the issuing Tax Office of the FIRS and evidence of payment of current tax
(iii) It must have a current certificate of compliance with the Pension Reform Act, ECS Act and ITF Act issued by the respective agencies
(iv) It must provide evidence of compliance with the NSITF
(v) Evidence of registration as contractor with NCDMB
(vi) Affidavit declaring the Bidder fixe of pecuniary interest, falsification and prior Conviction of any of the Directors
(vii) Interim Registration Report (IRR) as an evidence of registration on the National Database of Contractors/Consultants and Service Providers available on the BPP website
(viii) Verifiable office presence especially within the Oil and Gas zone as this will be an advantage
All certified documents must be certified copies 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 Nigerian Content Development and Monitoring Board 2016/2017 Insurers”
SUBMISSION
All bids are to be submitted not later 12noon Thursday, 25th August 2016 addressed to:
The Executive Secretary,
Nigerian Content Development and Monitoring Board,
NCDMB Headquarters, GLASS HOUSE, Isaac Boro Express Way, Opolo – Yenagoa,
Attention:
The Manager
Procurement Unit
Nigerian Content Development and Monitoring Board,
NCDMB Headquarters, GLASS HOUSE, Isaac Boro Express Way, Opolo – Yenagoa,
The tender documents must be duly signed and delivered in the tender box located on the ground floor, NCDMB Head Office, Opolo, Yenagoa
Companies delivering bids are expected to sign the “Tenders Register” before delivery in the tenders Box. The Company’s Name, Address, Phone Number and Email address mast not be written at the back of the envelope.
Tenders received after the deadline shall not be considered and NCDMB shall owe no explanation for any rejection.
OPENTNG OF TENDER
Tender will be opened in the presence of bidders who wish to attend at 1pm on Thursday, August 25th, 2016 at the Nigerian Content Development and Monitoring Board, NCDMB Headquarters, GLASS HOUSE, Isaac Boro Expressway, Opolo -Yenagoa,
Signed:
Head, Procurement Unit (NCDMB)

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