Life insurance services - option year two - task order # 1
Ended Awarded Last action
- Contract number
- 19LE2026F0275
- Awardee
-
Bankers Assurance Sal UEI MNTHMKK5CHG6
- Awarding agency
-
US Embassy Beirut
US Consulates and Embassies, Department of State
- Obligated
- $22,919
Award facts
- Contract value 100% obligated
- $22,918.84 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.
Transactions
| Action | Obligated | Date |
|---|---|---|
| Funding Only Action | $180 | |
| Original award | $22,738 |
About this award
The U.S. Department of State's Bureau of Near Eastern Affairs awarded a $22,918.84 delivery order for life insurance services to Bankers Assurance Sal, a Beirut-based insurance provider specializing in federal government coverage. This Firm Fixed Price delivery order, issued on February 6, 2026, represents Task Order #1 under Option Year Two of an underlying Indefinite Delivery Contract and will conclude by February 20, 2026. The award was made without set-aside designation, indicating open competition in the federal marketplace. Bankers Assurance Sal will deliver life insurance policy issuance and claims administration services for locally employed staff at the U.S. Embassy in Beirut, Lebanon, continuing its established role supporting the Department of State's foreign national workforce.
This task order operates under Bankers Assurance Sal's five-year IDC valued at $1.49M, which runs through February 2029 and was awarded on a lowest-priced technically acceptable basis. The prime contractor has established a sustained vendor relationship with the Bureau of Near Eastern Affairs, having been the exclusive provider of life insurance services through 26 task orders issued as of December 2025. The recurring nature of these delivery orders, consistently valued between approximately $20K and $24K each, reflects the predictable administrative requirements for maintaining comprehensive insurance coverage and benefit administration for the Department of State's diplomatic workforce in the region throughout the multi-year contract period.
Quick answers
Who was awarded contract 19LE2026F0275?
19LE2026F0275 was awarded to Bankers Assurance Sal by US Embassy Beirut (US Consulates and Embassies) on February 6, 2026.
How much is contract 19LE2026F0275 worth?
The government has obligated $22,919 on 19LE2026F0275.
Which agency awarded contract 19LE2026F0275?
US Embassy Beirut (US Consulates and Embassies) awarded 19LE2026F0275, with funding from Bureau of Near Eastern Affairs (Department of State).
Is contract 19LE2026F0275 an order under another contract?
Yes. 19LE2026F0275 is a delivery order under 19LE2024D0002, an indefinite delivery contract.
Was contract 19LE2026F0275 competed?
The extent of competition for 19LE2026F0275 was full and open competition.
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