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INSURANCE SCHEME OF GROUP TERM LIFE (GTL) AND GROUP HOSPITAL & SURGICAL (GHS) FROM 1ST JUNE 2024 – 31ST MAY 2025

TENDER ID: MHTC/RFP/OT24/002
TENDER TITLE: INSURANCE SCHEME OF GROUP TERM LIFE (GTL) AND GROUP HOSPITAL & SURGICAL (GHS) FROM 1ST JUNE 2024 – 31ST MAY 2025
ADVERTISED DATE: 22 March 2024
CLOSING DATE: 4 April 2024
BRIEFING SESSION (ONLINE) 5 April 2024
PROPOSAL SUBMISSION DUE DATE 26 April 2024 (subject to changes)
SERVICE PERIOD 1ST JUNE 2024 – 31ST MAY 2025 (WITH 1 YEAR RENEWAL OPTION)
TENDER DOCUMENT PRICE: RM 216.00 (inclusive SST) ; non-refundable

TENDER DESCRIPTION

The purpose of this Tender is to appoint a qualified takaful insurance provider / registered takaful insurance agent for MHTC Insurance Scheme of Group Term Life (GTL) And Group Hospital & Surgical (GHS) From 1st June 2024 – 31st May 2025 (With 1 Year Renewal).

MANDATORY REQUIREMENTS

  1. Registered Takaful insurance
  2. Insurance agent with a minimum of 5 years of industry experience
  3. Only one agent per insurance provider will be allowed to bid (first come first serve basis)

SCOPE OF WORK

ITEM SCOPE OF WORK QTY
1. Group Hospitalisation (GHS)
A cashless medical card ensures employees have hassle-free hospitalisation. A higher overall limit and room board. Eligible age for member and spouse 18 to 64 years old, with expiry date is 71 years old, age next birthday. Eligible age of child is between 15 days to 23 years old, age next birthday.		 LS

Deliverables/Details:

No GHS Plan Annual Coverage No of Employee Existing No of Employee
1 Plan 350 85,000 Employee & Family 1
2 Plan 230 75,000 Employee & Family 19
75,000 Employee & Spouse 3
75,000 Employee & Child 1
75,000 Employee Only 9
3 Plan 160 45,000 Employee & Family 13
75,000 Employee & Spouse 10
75,000 Employee Only 14

Note: The number of employees is subject to change.
2. Group Term Life (GTL)
Covering death for all causes or total and permanent disability (all causes) or partial and permanent disability (all causes) or terminal illness whichever is earlier. Eligible entry age is 16 to 64 years old, age next birthday. Maximum expiry age is 71 years old, age next birthday.		 LS

Deliverables/Details:

  1. Death Benefits (GTTA)
  2. Terminal Illness Benefits GTI (GTI)
  3. Total and Permanent Disability (TPDA)
  4. Partial and Permanent Disability (PPDA)
3 Supporting Documents:
Please provide or justify any supporting documents for our validation & verification. Incomplete documents would affect the evaluation scoring.

Deliverables/Details:

Provide supporting documents as follows:

  1. Agent’s or agency achievements / awards / accolades
  2. Team structure with a backup agent for any contact or issue related matters
  3. Additional value added / selling point (if any)

Note:

  • Full details will be further clarified in the Online Briefing Session.
  • Procurement team will contact applicants to arrange for Tender Documents purchase, Vendor Registration, and other necessary arrangements.
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