. KATHMANDU: Nabil Bank Limited has invited bids from its interested life insurance companies to provide group term life insurance services to its 2,473 staff.
The bank has invited proposals to provide insurance worth Rs 10 lakh to each employee.TAG_OPEN_p_8 According to the bank, the insurance plan should cover all types of natural, accidental and other types of death.
Life insurance companies interested in bidding will have to submit a notary certified PAN-VAT registration certificate, audit report for the last two financial years, list of principal customers, renewed company registration certificate, tax clearance certificate for the last two years and brief details of promoter and key management team.TAG_OPEN_p_7
The bank has asked the proposal with all the prescribed documents in a sealed envelope and submitted it to its administration department by 4 pm on August 12. The bank said it will not accept any proposal received after the deadline.
The bank has initiated this process to select the eligible life insurance company through competitive bidding and provide group life insurance facility to its employees.
