Group Life Assurance brokerage services

General Medical Council (GMC)contractContracts FinderRef MT220237SME suitablecomplete
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Estimated value

£800k

Awarded value

£800k

Awarded 13 Jul 2020

Suppliers

1

Lots

1

1 awarded

Published

29 Jul 2020

Deadline 26 Apr 2020

Description

The GMC wishes to provide group life assurance benefits to its staff as one of its employee benefits. The benefits will provide cover for the majority of staff who are currently members of the GMC Group Personal Pension plan, estimated at 1,400 individuals. This is an existing employee benefit and our current contract ends on 1 July 2020.We are looking for a broker to support us in securing a group life assurance provider who will deliver a high-quality service whilst ensuring that we get best value for money.The GMC has five office locations in the UK: London, Manchester, Cardiff, Belfast and Edinburgh so any group life assurance insurer recommended must be able to deliver services throughout the UK.The broker must be able to deliver the work to tight timescales in order to meet our 1 July 2020 renewal date.The broker should have expertise in assessing the group life assurance market, the ability to provide an assessment of the market based on our claims history and offer recommendations on options that we should consider so that we can make informed decisions whilst ensuring value for money.

Scope

Reference
MT220237
Total value
£800,000 excluding VAT
Commercial tool
Standalone contract
Contract dates
14 Jun 2020 to 13 Jun 2023
CPV classifications
66518100
Particular suitability
Small and medium-sized enterprises (SME)

Submission & procedure

Submission deadline
26 Apr 2020, 11:00 pm

Award details

Awarded supplier(s), contract period and value as published in the award notice.

Awarded value

£800k

Award date

13 Jul 2020

Contract start

14 Jun 2020

Contract end

13 Jun 2023

Awarded to
AO