Hiring of Insurance Companies for Employee Final Settlement by The Punjab Provincial Cooperative Bank Limited

The Punjab Provincial Cooperative Bank Limited (PPCBL) invites proposals from reputable insurance companies to provide insurance solutions for its employees regarding final settlement.

Eligible insurance companies must have at least five years of experience in providing such services to public interest organizations. They must be registered with the Securities and Exchange Commission of Pakistan (SECP) and have a minimum rating of AA from a reputable rating agency in Pakistan. These requirements apply to companies seeking to submit proposals for the insurance services.

Insurance companies may visit PPCBL Head Office in Lahore during office hours on weekdays to obtain data regarding the proposals. The bank's address is Bank Square, Shahrah-e-Quaid-e-Azam, Lahore. Companies should use the proposal data obtained from the head office when preparing their submissions.

Each proposal must be accompanied by a complete profile of the insurance company and proof of at least five years of experience providing such services to public interest organizations. The supporting documents must also establish registration with SECP and a minimum AA rating from a reputable rating agency in Pakistan. Companies must provide details of their presence and outreach, together with their experience of working in different regions of Pakistan.

Proposals must be submitted in sealed envelopes, either in person or through mail, to The Punjab Provincial Cooperative Bank Limited, Bank Square, Shahrah-e-Quaid-e-Azam, Lahore. The submission deadline is 3:00 p.m. on 10 November 2026. Each sealed envelope must be titled "PPCBL INSURANCE PROPOSAL FOR FINAL SETTLEMENT" and contain the proposal along with the required company profile, experience evidence, registration and rating documentation, and regional presence details.

All bids will be opened at 3:30 p.m. on 10 November 2026. PPCBL reserves the right to accept or reject any or all proposals in accordance with applicable procurement rules.

For enquiries, contact The Punjab Provincial Cooperative Bank Limited at 042-99211432-36, extension 258. Proposal-related data can be obtained by visiting its Lahore head office during weekday office hours.