The Department of State awarded an indefinite delivery contract (IDC) to American Life Insurance Company to provide social-government life insurance services, with a potential value of over $336,000. Under this IDC, the Department of State's Bureau of South and Central Asian Affairs has issued four firm fixed-price delivery orders totaling $13,698.49 for premium settlement of life insurance policies held by locally employed staff (LES) supporting U.S. diplomatic missions in Bangladesh.
The delivery orders, awarded between April 2023 and September 2023, facilitate continuity of life insurance coverage for LES personnel by allowing American Life Insurance Company to settle their premium payments on their behalf. No set-aside provisions were applied to these contract actions. Through this IDC and associated task orders, the Department of State aims to administer human resources operations, including managing life insurance benefits, for employees stationed in South and Central Asian countries.
Generated 4/17/24, 9:12 AM