Banking News – Nabil Bank Limited has invited sealed proposals from licensed life insurance companies to provide Group Term Life Insurance coverage for its 2,473 employees.

According to the bank’s notice, the insurance policy should provide a life cover of Rs. 1 million per employee and must include coverage for all causes of death.

Interested insurance companies are required to submit notarized copies of their PAN/VAT registration certificate, company registration certificate (renewed), tax clearance certificates for the last two fiscal years, audited financial statements for the previous two fiscal years, a list of major clients, and a brief profile of the promoters and key management team.

The bank has stated that all proposals must be submitted in sealed envelopes to the Administration Department of Nabil Bank no later than 4:00 PM on Shrawan 28.

Nabil Bank added that proposals received after the specified deadline will not be considered.