AI Summary
Machakos County Government is inviting bids to provide group life insurance and group personal accident and work injury benefits cover for its employees and other eligible beneficiaries. The tender seeks a comprehensive insurance package that protects against loss of life, accidental injury, and work‑related injuries, ensuring timely benefit payouts and compliance with Kenyan insurance regulations.
Description
Eligibility Criteria
- Licensed insurance companies registered with the Insurance Regulatory Authority (IRA) of Kenya.
- Demonstrated experience in providing group life, accident and work injury coverage to public sector entities.
- Minimum financial solvency thresholds as set by the IRA.
- Ability to offer customized benefit packages and claim settlement services within statutory timelines.
Required Documents
- Cover letter of intent to bid.
- Company registration and IRA license certificates.
- Proof of financial solvency (latest audited financial statements).
- Detailed proposal of the insurance product, including coverage limits, premium rates, claim procedures and benefits schedule.
- Experience and reference letters from similar public sector contracts.
- Terms and conditions of the insurance policy.
- Any additional certifications required by Machakos County Government.