Bankers Assurance Sal

Bankers Assurance Sal, a foreign-owned, for-profit insurance organization based in Beirut, Lebanon, provides life insurance policy issuance and claims administration services to the U.S. Department of State as a prime contractor under full-and-open competition with no set-aside designation. The vendor holds a single-award Indefinite Delivery Contract (IDC 19LE2024D0002) valued at $1,485,014.50 running through February 12, 2029, and operates exclusively within one federal customer relationship.

The vendor's entire 34-award footprint originates from the Department of State's Bureau of Near Eastern Affairs, representing 100% of both award count and combined potential value ($2.3 million). Work is performed in Lebanon and supports life insurance coverage for locally employed staff at the U.S. Embassy in Beirut. The parent IDC, awarded February 13, 2024, on a lowest-priced technically acceptable basis, structures work as a base year plus four optional one-year extension periods. Bankers Assurance Sal has issued 33 task orders under this single vehicle since February 2024, with individual delivery orders consistently valued between $20,000 and $24,000, reflecting the predictable quarterly ordering cycle for routine annual renewals and ongoing policy administration. Representative task orders include a $22,549.06 delivery order for life insurance services—option year two, task order #8 (awarded August 19, 2026, with ultimate completion August 20, 2026), a $22,578.26 delivery order for option year two, task order #7 (awarded August 3, 2026, completion August 5, 2026), and a $22,879.16 delivery order for option year two, task order #6 (awarded July 9, 2026, completion July 13, 2026).

Activity has remained stable year over year since the IDC award — thirteen awards in 2024, thirteen in 2025, and eight in 2026 (through mid-August). Combined dollars obligated across all awards total $776,000, representing 34% of the combined potential value, indicating the vendor invoices as task orders are completed on the predictable quarterly schedule. The vendor has no subcontract activity and does not sit on other federal vehicles. The sole business category is insurance agencies and brokerages (NAICS), with all work classified under PSC code for social-government life insurance programs. Bankers Assurance Sal's federal footprint is narrowly specialized: a single contract with a single agency supporting one embassy's locally employed workforce benefit administration.