Theewaterskloof Municipality seeks proposals for a Group Life Insurance Scheme covering the period from July 1, 2026, to June 30, 2029. Eligible bidders must register on the Centralized Supplier Database and meet specific criteria outlined in the tender documents.
Theewaterskloof Municipality is inviting tenders for a comprehensive Group Life Insurance Scheme to be effective from July 1, 2026, to June 30, 2029. This scheme aims to provide financial security and peace of mind to employees and their beneficiaries in the event of unforeseen circumstances. Interested bidders must demonstrate compliance with the eligibility criteria specified in the Tender Conditions and Tender Data, and must be registered on the Centralized Supplier Database (CSD).
The evaluation of tenders will adhere to the Theewaterskloof Municipality Supply Chain Management Policy, utilizing the 80/20 preference points system, where 80 points are allocated for price and 20 points for specific goals such as B-BBEE status and promotion of locality. A non-refundable tender participation fee of R550 (VAT inclusive) is required, and all submissions must be made in accordance with the detailed instructions provided in the tender documentation. The successful tenderer will play a crucial role in ensuring the welfare of the municipality's employees, thereby contributing to a stable and supportive work environment.
This tender is suitable for insurance companies and financial service providers with expertise in group life insurance products, particularly those that can meet the eligibility criteria and demonstrate a commitment to local economic development and B-BBEE compliance.