First_Set_of_Question_and_Answer__Group_Life_Insurance_19HK30019R0002_.pdf

U.S. Consulate General Hong Kong

First Set of Questions

Solicitation Number 19HK30019R0002- Group Life Insurance Services for Local Engages

Employees

The claims data provided in response to this question is provided for informational purposes and under no circumstances shall it be construed to change any terms or conditions or requirements within the solicitation.

In addition, for any answer provided regarding claims data incurred under the existing contract, please be advised that the benefits levels are not the same nor may this data be indicative of future claims. Therefore, it is each offeror’s decision on whether to use or not to use this information. However, under no circumstances shall the U.S. Government be liable for this data or shall it become the basis for a request to adjust the premium rates once the contract is awarded. Rather, offerors are advised any adjustments to contract premium rates shall be in accordance with the Price Adjustment clause B.8.

Q1: Please provide claims information for the past periods. This information would include number of claims and amount of claims payments for each category of coverage (Basic Life, Accidental Death & Dismemberment, Partial & total Disability and Suicide Coverage. For illustration purposes, we have assumed the anniversary date of the current in force contract is July

31.

A1:

Period Premiums Billed No. of Claims

Incurred

Amounts of

Claims Incurred

8/1/2014–

7/31/2015

HK$257,518 None None

8/1/2015 –

7/31/2016

HK$376,102 None None

8/1/2016 –

7/31/2017

HK$381,195 None None

8/1/2017 –

7/31/2018

HK$390,079 None None

8/1/2018-

7/31/2019

HK$440,026 None (as of April

9, 2019)

None (as of

April, 2019)