University of Bristol Group Pension Plan Insurances (UBGPP)

A Contract Award Notice
by UNIVERSITY OF BRISTOL

Source
Contracts Finder
Type
Contract (Services)
Duration
2 year
Value
£2M
Sector
BUSINESS
Published
23 Jul 2024
Delivery
22 Jul 2024 to 21 Jul 2026
Deadline
15 May 2024 23:00

Concepts

Location

Geochart for 1 buyers and 2 suppliers

1 buyer

2 suppliers

Description

The University of Bristol has awarded 2 contracts for group life assurance and group income protection for members of the University of Bristol Group Pension Plan ('UBGPPP'). The requirement is as follows: Lot 1: Life Assurance: to provide a payment of 6 x salary in the event of a member death; Lot 2: Income Protection: to provide member income protection of 60 % of basic salary in the event of incapacity

Award Detail

1 Unum (Dorking)
  • Value: £2,168,032
2 Aviva Life & Pensions (York)
  • Value: £2,168,032

CPV Codes

  • 66500000 - Insurance and pension services

Other Information

Contract is a 24 month initial term followed by option to extend by a further 24 months. Potential contract 48 months in total. Price identified is the total cost of both Lots for the initial 2 year period.

Reference

Domains