Tender: Collective Insurance for $3 million

The Fire Department of Panama is putting out to tender collective life and international health insurance policies for its operative personnel, for a period of 24 months.

Thursday, December 14, 2017

Panama Government Purchase  2017-1-51-01-08-LA-000901:

"Some details:

Collective of life
- Natural death $25.0000
- Accidental death and dismemberment $25,000
- Death in the line of duty $50,000
- Maximum annual limit of the Policy $150,000
- Full and permanent disability $25,000

Health Collective
- Maximum Life $300,000
- Sub-annual limit $150,000
- Hospitalization 100%
- Daily fee for hospitalization $25."

Reference value: $3.000.000.

The deadline for receipt of bids is 22 December 2017.

See Tender.

More on this topic

Tender: Collective Insurance

December 2017

The Public Ministry of Guatemala is putting out to tender life insurance policies for the institution's workers, for a period of 24 months.

Guatemala Government Purchase 6867723:

"Insurance coverage:

Tender: Collective Life and Medical Expenses Insurance

October 2017

The Public Ministry in Honduras is putting out to tender life and medical-hospital insurance for 2,574 employees.

Honduras Government Purchase LPN-004-2017:

"Life insurance must cover 30 times the employee's salary, with a minimum of $12,406 and a maximum of $53,191. For simple homicide and murder, compensation for employees with a salary of less than $1,404 must correspond to 30 times the salary up to a maximum of $42,553, employees with salaries greater than $1,404 onwards will be for up to a maximum of $53,191.

Tender: Insurance for $4 million

September 2017

The Social Security Fund in Panama is putting out to tender collective life insurance for borrowers, insurees, pensioners and retirees for a term of one year.

Government Purchase Panama 2017-1-10-0-08-AV-271614:

"The Social Security Fund seeks to guarantee contracts for collective life insurance for borrowers, insurees, pensioners and retirees of the Social Security Fund for the balance of capital at the time of death, without exceeding the maximum stipulated in the policy.

Sale of Group Insurance in Guatemala Increases

October 2011

Looking at figures up to until August 2011, collective life insurance plans accounted for 81.6% of the total.

According to information from the Superintendency of Banks (SB), until August, the total amount of insured individual plan premiums reached $16.35 million (18.2%), meanwhile direct premiums in group plans totaled $73,5 million.

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