Direct Life Insurance Carriers

Code 524113
Child
Popular Federal Contract Opportunities
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Popular Federal Contract Awards
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NAICS 524113 encompasses Direct Life Insurance Carriers that provide comprehensive life insurance products directly to consumers and organizations. These carriers design, underwrite, and manage life insurance policies that offer financial protection through death benefits, disability coverage, and other related insurance services. The category includes companies that create and administer group and individual life insurance policies with varied coverage options tailored to specific client needs.

Federal Contract Awards in this category predominantly involve the U.S. Department of State procuring group life insurance services for locally employed staff at international missions and embassies. The awards typically range from $10,000 to $950,000, with contract durations spanning one to twelve months. Frequent awardees include Sisa Vida SA Seguro De Personas (El Salvador), Concordia (Belgium), Generali Life Assurance (Philippines), and UAP Life Assurance LTD (Kenya). These contracts are consistently awarded without specific set-asides, covering locations such as El Salvador, Belgium, Philippines, Kenya, Serbia, and Ethiopia. The primary funding agencies are the Bureau of Western Hemisphere Affairs, Bureau of European and Eurasian Affairs, and Bureau of African Affairs.

Recent federal contract opportunities focus on group life insurance services for locally employed staff at various U.S. diplomatic missions. Notable solicitations include the U.S. Consulate General in Hong Kong and Macau seeking group life insurance for approximately 157 employees, the U.S. Mission in Pakistan requesting life insurance coverage for staff in Islamabad, Karachi, Lahore, and Peshawar, and the Office of the Comptroller of the Currency seeking Short Term and Long Term Disability insurance programs for approximately 3,747 federal employees. These opportunities consistently emphasize comprehensive coverage including natural death, accidental death, total/permanent disability, and dismemberment benefits, with performance locations spanning multiple international jurisdictions.

Generated 1/18/25, 12:06 AM