II.1)
Scope of the procurement
Request for Tenders for the Provision and Administration of a Mortgage Protection Insurance (MPI) Scheme (Providing Death & Disability Benefits for Local Authority Borrowers).
Reference number:
PLI077C
66510000
-
Insurance services
Services
II.1.4)
Short description
The purpose of this RFT is the provision and administration of Mortgage
Protection Insurance(MPI) Scheme (providing Death & Disability Benefits for
Local Authority Borrowers).
The Services comprise:
(i) A fully underwritten mortgage protection insurance scheme for persons who
avail of house purchase loan finance from local authorities and to cover the
rental equity portion of Shared Ownership Schemes, and;
(ii) Oversight, administration and management of the scheme to include;
• Premium collections and management
• Claims management
• Liaison with Local Authorities on all matters as they relate to operation and
administration of the scheme
II.1.5)
Estimated total value
Value excluding VAT: 14500000.00
EUR
II.1.6)
Information about lots
This contract is divided into lots:
no
II.2.2)
Additional CPV code(s)
66510000
-
Insurance services
II.2.3)
Place of performance
II.2.4)
Description of the procurement
The purpose of this RFT is the provision and administration of Mortgage
Protection Insurance(MPI) Scheme (providing Death & Disability Benefits for
Local Authority Borrowers).
The Services comprise:
(i) A fully underwritten mortgage protection insurance scheme for persons who
avail of house purchase loan finance from local authorities and to cover the
rental equity portion of Shared Ownership Schemes, and;
(ii) Oversight, administration and management of the scheme to include;
• Premium collections and management
• Claims management
• Liaison with Local Authorities on all matters as they relate to operation and
administration of the scheme
Price is not the only award criterion and all criteria are stated only in the procurement documents
Value excluding VAT: 14500000.00
EUR
II.2.7)
Duration of the contract, framework agreement or dynamic purchasing system
Duration in months:
36
This contract is subject to renewal:
yes
Description of renewals:
Two possible twelve month renewals.
II.2.10)
Information about variants
Variants will be accepted:
no
II.2.11)
Information about options
Options:
no
II.2.13)
Information about European Union funds
The procurement is related to a project and/or programme financed by European Union funds:
no