L25004-T-LH - Private Medical Insurance - Employees

2025-03-13

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Published date: 13 March 2025

Open opportunity - This means that the contract is currently active, and the buying department is looking for potential suppliers to fulfil the contract.

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Contract summary

Industry

Life reinsurance services - 66710000

Accident and health reinsurance services - 66720000

Health and social work services - 85000000

Location of contract

LU2 9NU

Value of contract

£1,600,000

Procurement reference

tender_486379/1461045

Published date

13 March 2025

Closing date

11 April 2025

Closing time

12pm

Contract start date

1 August 2025

Contract end date

31 July 2026

Contract type

Service contract

Procedure type

Other: PME Market exercise

Contract is suitable for SMEs?

Contract is suitable for VCSEs?

Description

This is a Pre Market Exercise for Private medical insurance

More information

Links: https://london-luton.ukp.app.jaggaer.com/

Please see tender documents via the Jaggaer portal
Additional text: London Luton Airport (LLA) provides Private Medical Insurance for all staff at LLA. As this is an insurance product, LLA have a responsibility to ensure that best value is achieved each year and in order to do so, conduct a Pre Market Exercise (PME) to bench mark the Private Medical insurance market.
This project is to enable that information is gathered and should an alternative provider be sourced through this exercise then LLA will/ may use this information to award appropriately.

This PMI (Private Medical Insurance) will be offered as a fully insured (ideally with profit share) and managed service. The policy will be underwritten as Medical History Disregarded (MHD) for all covered in the policy. The policy will be based on a nil excess for employees. However, it will be asked to quote with excess and underwriting options as a price comparison.