II.1)
Scope of the procurement
Provision of a managed Mortgage Protection Insurance (“MPI”) providing death and disability benefits for Local Authority borrowers
Reference number:
TD 110 2021
66510000
-
Insurance services
Services
II.1.4)
Short description
The provision of a managed Mortgage Protection Insurance (“MPI”) providing death and disability benefits for Local Authority borrowers.
(i) A fully underwritten Mortgage Protection Insurance scheme for persons who newly avail or have previously availed of house purchase loan finance from Local Authorities (the Main Scheme) and to cover the rental equity portion of Shared Ownership loans (the SO Scheme) and other mortgage elements, 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
• Regular Reporting
II.1.5)
Estimated total value
Value excluding VAT: 6000000.00
EUR
II.1.6)
Information about lots
This contract is divided into lots:
no
II.2.2)
Additional CPV code(s)
66000000
-
Financial and insurance services
II.2.3)
Place of performance
Main site or place of performance:
Dublin 8, D08 H56R
II.2.4)
Description of the procurement
The provision of a managed Mortgage Protection Insurance (“MPI”) providing death and disability benefits for Local Authority borrowers.
(i) A fully underwritten Mortgage Protection Insurance scheme for persons who newly avail or have previously availed of house purchase loan finance from Local Authorities (the Main Scheme) and to cover the rental equity portion of Shared Ownership loans (the SO Scheme) and other mortgage elements, 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
• Regular Reporting
Price is not the only award criterion and all criteria are stated only in the procurement documents
Value excluding VAT: 6000000.00
EUR
II.2.7)
Duration of the contract, framework agreement or dynamic purchasing system
Duration in months:
12
This contract is subject to renewal:
no
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