Life insurance services - option year one - task order # 6
Ended Awarded
- Contract number
- 19LE2025F0703
- Awardee
-
Bankers Assurance Sal UEI MNTHMKK5CHG6
- Awarding agency
-
US Embassy Beirut
US Consulates and Embassies, Department of State
- Obligated
- $23,667
Award facts
- Contract value 100% obligated
- $23,667.16 Current and potential, with all options
- Completion date 100% complete
- Current and potential, with all options
- Funding agency
- Bureau of Near Eastern Affairs Department of State
- NAICS code
- 524210 Insurance Agencies and Brokerages
- Set-aside
- No set-aside
- Competition
- Full and Open Competition Negotiated Proposal / Quote
- Pricing
- Firm Fixed Price
- Place of performance
- Lebanon
Award details come from SAM.gov/FPDS.
About this award
This federal contract award is for life insurance services provided by Bankers Assurance Sal, a for-profit insurance organization based in Beirut, Lebanon, to the U.S. Department of State's Bureau of Near Eastern Affairs. The contract is a single-award Indefinite Delivery Contract (IDC) valued at $1,485,014.50, spanning from February 13, 2024, through February 12, 2029. The contract was awarded as a lowest-priced technically acceptable offer and includes a base year with four optional one-year extension periods. Bankers Assurance Sal has been consistently issued task orders under this IDC, each valued between approximately $20,000 and $24,000, for the provision of life insurance policies and claims administration for locally employed diplomatic staff in Lebanon. The contract does not have a set-aside designation, indicating that Bankers Assurance Sal competed openly in the federal marketplace and met the technical and pricing requirements for these specialized insurance services.
Quick answers
Who was awarded contract 19LE2025F0703?
19LE2025F0703 was awarded to Bankers Assurance Sal by US Embassy Beirut (US Consulates and Embassies) on July 8, 2025.
How much is contract 19LE2025F0703 worth?
The government has obligated $23,667 on 19LE2025F0703.
Which agency awarded contract 19LE2025F0703?
US Embassy Beirut (US Consulates and Embassies) awarded 19LE2025F0703, with funding from Bureau of Near Eastern Affairs (Department of State).
Is contract 19LE2025F0703 an order under another contract?
Yes. 19LE2025F0703 is a delivery order under 19LE2024D0002, an indefinite delivery contract.
Was contract 19LE2025F0703 competed?
The extent of competition for 19LE2025F0703 was full and open competition.
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