TOTAL EP NIGERIA LIMITED-
TENDER OPPORTUNITY FOR: PROVISION OF NAIRA OPERATIONAL INSURANCE POLICIES
TOTAL EP NIGERIA LIMITED
TENDER OPPORTUNITY FOR:
PROVISION OF NAIRA OPERATIONAL INSURANCE POLICIES
NIPEX REF. NO: 1000004780
Total E&P Nigeria Limited (TEPNG) operator of the NNPC/TEPNG Joint Venture invites interested and reputable Nigerian registered insurance companies with relevant experience to tender for the technical bidding phase for the provision of dollar operational insurance policy.
2. SCOPE OF WORK
The JV Naira Operational Insurance consists of the following policies:
(i) Employers Liability Insurance
(ii) Motor Vehicles
(iii) House-owners’ Comprehensive
(iv) Plant All Risks
(v) Group Life Assurance
(vi) Marine Cargo. The Insurer shall provide comprehensive cover for all classes of insurance except life-related policies where cover shall be for death, critical illnesses, temporary and permanent disability, medical, surgical and hospital expenses Incurred in connection with an accident whether disablement benefit is payable or not. The insurer shall also retain 100% percentage of the risk in Nigeria and handle all claim services, endorsements, policy documentation etc.
3. CONDITION FOR SELECTION
Insurance Company seeking to be selected must satisfy the following conditions. Limited Liability Company registered in Nigeria and licensed by the
1. Be a National Insurance Commission (NAICOM) to transact either Life or General Insurance Business
2. Have a net asset of not less than N4bn for Life and N5bn for Non-Life
3. Have acquired good experience in life or general insurance business.
4. Have adequate and qualified staff with experience in Life or General insurance business.
5. Must be in good standing as regards prompt settlement of all claims reported to date.
6. Have business relationship with competent Insurance Broker(s) with good reputation and experience in Life or General Insurance Business
7. Must be a good corporate citizen of Nigeria that pays its taxes as and when due.
4. MANDATORY REQUIREMENTS
a) To be eligible for this tender exercise, interested contractors are required to be pre-qualified in the Life and Non-Life Categories (3.14.30 – Life Insurance Services 3.14.32 –Non-Life Insurance Services: 3.14.39 – Other insurance services) in Nipex Joint Qualification System (NJQS) database. All successfully pre-qualified suppliers in this category will receive Invitation to Technical Tender (ITT)
b) To determine if you are pre-qualified and view the product services category you are listed for, open www.nipex-ng.com and access NJQS with your log in details, click on continue Joint Qualification Scheme tool, click check my supplier status and then click supplier product group.
c) If your company is not listed in the product/service category and you are registered with DPR to do business in this category, please contact Nipex office at B/10 Bayo Kuku Road, Ikoyi Lagos with your DPR certificate as evidence for verification and necessary update.
d) To initiate the NJQS pre-qualification process, access www.nipex-ng.com to download the application form, make necessary payments and contact Nipex office for further action
e) To be eligible, all tenders must comply with the Nigerian Content requirements in the Nipex system
5. NIGERIAN CONTENT REQUIREMENTS
COMPANY is committed to the development of the Nigerian oil and gas business in compliance with the Nigerian Content Act 2010 for Nigerian Content Development.