In pursuance of its constitutional functions and in compliance with due process requirements, the Independent National Electoral Commission (INEC) seeks to undertake Insurance policies for its operations.
To this end, the Commission invites duly registered and reputable insurance Underwriters and Brokerage firms to Express Interest to provide cover and to manage the various insurance policies as Underwriters and Brokers respectively.
Invitation for Expression of Interest for the Execution of some Works at the Independent National Electoral Commission (INEC)
Scope of Work
Lots: Description of Assignment
LOTS 1: MOTOR VEHICLE COMPREHENSIVE INSURANCE POLICY FOR THE HEADQUARTERS, ABUJA
LOTS 2: MOTOR VEHICLE COMPREHENSIVE INSURANCE POLICY FOR NORTH CENTRAL ZONE
LOTS 3: MOTOR VEHICLE COMPREHENSIVE INSURANCE POLICY FOR NORTH EAST ZONE
LOTS 4: MOTOR VEHICLE COMPREHENSIVE INSURANCE POLICY FOR NORTH WEST ZONE
LOTS 5: MOTOR VEHICLE COMPREHENSIVE INSURANCE POLICY FOR SOUTH EAST ZONE
LOTS 6: MOTOR VEHICLE COMPREHENSIVE INSURANCE POLICY FOR SOUTH SOUTH ZONE
LOTS 7: MOTOR VEHICLE COMPREHENSIVE INSURANCE POLICY FOR SOUTH WEST ZONE
LOTS 8: MARINE HULL (ENGINE BOAT) INSURANCE POLICY
LOTS 9: GROUP LIFE INSURANCE POLICY FOR CAREER OFFICERS (NORTH & FCT)
LOTS 10: GROUP LIFE INSURANCE POLICY FOR CAREER OFFICERS (SOUTH &HQs)
LOTS 11: COMPRRHENSIVE WELFARE INSURANCE POLICY FOR POLITICAL OFFICE HOLDERS
LOTS 12: STAFF ELECTORAL HAZARD INSURANCE POLICY (NORTH & FCT)
LOTS 13: STAFF ELECTORAL HAZARD INSURANCE POLICY (SOUTH & HQs)
LOTS 14: AD-HOC STAFF ELECTORAL HAZARD INSURANCE POLICY (NORTH CENTRAL ZONE)
LOTS 15: AD-HOC STAFF ELECTORAL HAZARD INSURANCE POLICY (NORTH EAST ZONE)
LOTS 16: AD-HOC STAFF ELECTORAL HAZARD INSURANCE POLICY (NORTH WEST ZONE)
LOTS 17: AD-HOC STAFF ELECTORAL HAZARD INSURANCE POLICY (SOUTH EAST ZONE)
LOTS 18: AD-HOC STAFF ELECTORAL HAZARD INSURANCE POLICY (SOUTH SOUTH ZONE)
LOTS 19: AD-HOC STAFF ELECTORAL HAZARD INSURANCE POLICY (SOUTH WEST ZONE)
LOTS 20: ELECTRONIC/COMPUTER ALL-RISK INSURANCE POLICY
LOTS 21: FIRE, SPECIAL PERILS AND BURGLARY INSURANCE POLICY FOR HQs & FCT
LOTS 22: FIRE, SPECIAL PERILS AND BURGLARY INSURANCE POLICY FOR NORTH CENTRAL ZONE
LOTS 23: FIRE, SPECIAL PERILS AND BURGLARY INSURANCE POLICY FOR NORTH EAST ZONE
LOTS 24: FIRE, SPECIAL PERILS AND BURGLARY INSURANCE POLICY FOR NORTH WEST ZONE
LOTS 25: FIRE, SPECIAL PERILS AND BURGLARY INSURANCE POLICY FOR SOUTH EAST ZONE
LOTS 26: FIRE, SPECIAL PERILS AND BURGLARY INSURANCE POLICY FOR SOUTH SOUTH ZONE
LOTS 27: FIRE, SPECIAL PERILS AND BURGLARY INSURANCE POLICY FOR SOUTH WEST ZONE
General Requirement for Expression of Interest
The Company’s profile highlighting the following:
- Evidence of registration with Corporate Affairs Commission.
- CTC of Tax Clearance Certificate or acceptable evidence of up-to-date payment of Company Tax for the year 2011,2012 and 2013.
- Evidence of VAT registration and remittance of all Taxes.
- Evidence of Registration and Remittances of both employer and employees’ Pension Contribution including Group Life Assurance policy.
- Evidence of ITF training contribution.
- Audited Accounts for 2011, 2012 and 2013 financial years.
- Evidence of Financial capacity and Banking support.
- Evidence of filling Annual Returns with CAC for 2011, 2012 and 2013
- Details of experience and technical/professional qualifications of key personnel.
- List of verifiable evidence of similar policies being managed.
- Company’s representative GSM number and e-mail address.
In addition to the above, Underwriters are also expected to submit the following:
- National Insurance Commission current practising licence.
- Evidence of valid reinsurance treaty arrangements
- Identification of available extensions and exemptions applicable to each cover.
- Time within which the policy and all other documents evidencing the contract shall be issued.
- Claims reporting procedure and documentation in respect of each cover.
- Time limit within which claims shall be processed and paid.
- Guarantee / remedy against failure to settle claims as indicated.
- Other incidental services that can be rendered to the Commission by the company under the contract of insurance.
- Any other submission that will attest to the company’s reputation and capability to efficiently handle and manage the covers its expressing interest in.
In addition to requirements for expression of interest above, the Brokers are also expected to submit the following:
- National Insurance Commission current practising licence.
- Evidence of professional Indemnity Insurance cover from a duly registered insurance company.
- Evidence of current membership of the Nigerian Council of Registered Insurance Brokers (NCRIB)
- Evidence that atleast a key member of staff is an Associate member of NCRIB.
- Any other submission that will attest to the company’s reputation and capability to efficiently handle and manage the covers its expressing interest in.
Closing Date:
The deadline for the submission of Expression of Interest shall be
Wednesday, 10th December, 2014 by 12.00 (Noon) while opening will be immediately after the deadline on
Wednesday, 10th December, 2014 by 12.00 (Noon) at the Commission’s Conference Hall, Maitama-Abuja.
General Information
- Only shortlisted firms after evaluation will be invited to submit financial bid.
- This advertisement shall not be construed as a commitment on the part of INEC nor shall it entitle the tenderer to make any claims whatsoever and or seek any indemnity from IN EC by virtue of such tenderer having responded to this advert.
- For further information, you may contact the Insurance Desk officer at INEC HeadquartersMaitama, Abuja or call 07010382678.
Submission
All submission of Expression of Interest should be in five (5) bound copies and sealed in an envelope marked
“Expression of Interest as either an Underwriters or Broker for INEC Insurance cover (Indicating the Lot(s))”.
All envelopes should be addressed and submitted to:
The Secretary to the Commission,
INEC Headquarters,
Plot 436 Zambezi Crescent, PMB 0184
Maitama, Abuja.
Companies’ representatives are advised to sign the Submission Register after dropping their bids in the Tender Box.