Provision of Group Life Assurance Policy for University of Strathclyde

Tender description

The University seek to provide a group life insurance policy to provide coverage for a group of employees. Bidders must be able to demonstrate that they are a well established insurance provider who can provide a Group Life Assurance Policy within the UK. The insurance provider must also be able to accept payment of the premium direct from University of Stratchlyde. The University are being advised on this process and have the support of a broker for this process (Gallagher Consulting (Healthcare) Ltd. Lot 1: As part of the University’s employee benefits package, The University seek to provide a group life insurance policy to provide coverage for a group of 352 employees. The insurance is intended to support the organisation’s commitment to employee welfare and ensure a financial safety net for their families. The policy must offer a benefit equivalent to three (3) times the employee’s annual salary. The successful bidder should provide an easy-to-navigate claims process with clear instructions for beneficiaries. Bidders must be able to demonstrate that they are a well established insurance provider who can provide a Group Life Assurance Policy within the UK. The insurance provider must also be able to accept payment of the premium direct from University of Stratchlyde.