Procurement of the Retrocession Programme to Cover 30% Compulsory Reinsurance Cession

• Country: Sri Lanka
• Summary: Procurement of the Retrocession Programme to Cover 30% Compulsory Reinsurance Cession
• LKT Ref No: 78567146
• Deadline: 17 Mar 2023
• Financier: Self Financed
• Purchaser Ownership: Public
• Tender Value: Refer Document
• Notice Type: Tender
• Document Ref. No.:
• Purchaser's Detail:

Purchaser : NATIONAL INSURANCE TRUST FUND
The Chairman Standing Cabinet Appointed Procurement Committee National Insurance Trust Fund No. 95, Chittampalam A Gardiner Mawatha, Colombo 02. Direct :- +94 112026669 Fax :- +94 114700988
Email :pro_reinsurance@nitf.lk

• Description:
• Tenders are invited for Procurement of the Retrocession Programme to Cover 30% Compulsory Reinsurance Cession for the Period from 01/05/2023 to 30/04/2024. Interested parties may obtain a complete set of bidding documents from the National Insurance Trust Fund, 4th Floor, No. 95, Sir Chittampalam A Gardiner Mawatha, Colombo 2, Sri Lanka from 09:00 hours to 15:00 hours on working days till 16th March 2023 upon payment of a non-refundable tender fee of LKR 75,000/- or USD210 drawn in favor of National Insurance Trust Fund, to the appropriate below mentioned bank accounts. Bidding documents can also be downloaded from the websites of the NITF (www.nitf. lk),Ministry of Finance Economic Stabilization and National Policies (www.treasury. gov.lk), and Ministry of Foreign Affairs (www.mfa.gov.lk). The bank draft of the nonrefundable deposit should be submitted along with the bid. All bidders (International Reinsurers / Brokers who are registered with Insurance Regulatory Commission of Sri Lanka) shall furnish the Bid Security either obtained from any commercial bank approved by the Central Bank of Sri Lanka or a bank based in another country but the guarantee must be confirmed by a commercial bank operating in Sri Lanka. The amount of the Bid Security value is LKR 8,000,000.00 or USD equivalent, converted by using the selling rate established for similar transactions by the Central Bank of Sri Lanka on the published date of this advertisement should be deposited to the NITF bank accounts mentioned above, the validity period of the bid security should be for 147 days (till 11th August 2023) from the date of the Bids closing and addressed to the National Insurance Trust Fund, No. 95, Sir Chittampalam A Gardiner Mawatha, Colombo 02, Sri Lanka. 7. Interested
• Documents:

 Tender Notice