Insurance Brokerage Services at Child Fund International

REQUIREMENT:

ChildFund invites brokerage firms to tender for the acquisition and management of health insurance (benefits) and general insurance. We wish to have comprehensive insurance operational from 1 July 2020 covering a period of two years.

This is therefore an invitation to share your premiums after you negotiate with various insurance companies for both medical, group life and general insurance services. You will be required to share premiums for each LP and Country Office separately.

SCOPE:

The areas that these services will cover include ChildFund Kenya Country Office in Nairobi and its 13 LPs.

PROPOSED LIMITS:

We would prefer the following limits for medical cover:-

Kenya Country Office

• In-patient—ksh.—1,500,000.00
• Out-patient—ksh.—240,000.00
• Optical—ksh.—30,000.00
• Dental—ksh.—30,000.00
• Maternity—ksh.—100,000.00

LPs

• In-patient—ksh.—700,000.00
• Out-patient—ksh.—75,000.00
• Optical—ksh.—15,000.00
• Dental—ksh.—15,000.00
• Maternity—ksh.—50,000.00

DETAILS FOR KENYA COUNTRY OFFICE-NAIROBI

POPULATION SIZE - MEDICAL

FAMILY SIZE EMPLOYEEES DEPENDANTS TOTAL

M 13 0 13

M+1 2 2 4
M+2 9 18 27

M+3 11 33 44

M+4 12 48 60

M+5 2 10 12

TOTAL 36 111 147

GENERAL INSURANCE DETAILS FOR KENYA COUNTRY OFFICE

Row Labels

Sum of COST AT PURCHASE

ALL RISK = 9,781,432.36

BURGLARY = 2,709,620.00

ELECTRONIC EQUIPEMENT = 4,745,820.76

FIRE = 8,665,521.65

PUBLIC PROPERTY = 52,028.60

Grand Total = 25,954,423.37

NOTE:

All other information for both medical, group life & general including that of LPs will be shared with the successful bidder.

The selected brokerage firm would help ChildFund Kenya and its Local Partners:

• Negotiate and advise ChildFund on all insurance arrangements
• Improve and simplify the insurance renewal process
• Keep costs at minimum without compromising on quality of benefits
• Avoid exposure to uninsured risks

Insurances to be provided:

• Health coverage (to include optical and dental cover)
• Group Life and Personal Accident Cover
• General insurance (Assets)

The broker must be in a position to:

• Manage the information gathering, specification and tendering process for all insurances
• Advise ChildFund on the best and most cost-effective insurance solution for its needs
• Ensure that the required insurance cover is in place from 1 July 2020

It is important that the brokerage firm has dealt with organizations similar to ChildFund and has experience of managing such insurance covers.

CONTACT DETAILS:

For further information or clarification please send an Email to: kenyaprocurement@childfund.org