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Expression of Interest to transact Life, Health and General insurance business

THE PUNJAB STATE CO-OP. SUPPLY & MARKETING FEDERATION LTD. (MARKFED) a premier co-operative institution of Punjab which operates through 20 District offices over 100 Branch offices having 6 processing and trading units and having 3051 members societies. Markfed has emerged as a very solid and stable organization committed to the service of the farmer community of the State of Punjab, now intends to enter into a tie up with Life, Health and General Insurance companies, to transact Life, Health and General  insurance  business.  The  interested  Life,  Health  and  General insurance companies, (Public Sector and other Insurance companies) may submit their expression of interest along with their profile in regards to constitution, business profile, service network, products to the Principal Officer, Cabin 1220, “MARKFED HOUSE” PLOT NO. 4, SECTOR 35-B, CHD 160022  within  a  period  of  21  days  from  the  date  of  publication.  The shortlisted companies will be invited for making a presentation about their company, product, services, operational strategy etc. to facilitate selection of company for the purpose. Selected companies shall strictly abide by the instructions/directions given in IRDA notifications and other related directions issued from time to time. Further, they have to follow ethical and other business principles so that our institutional interest is not compromised in any way. The past performance of the companies and proposal for supporting Markfed shall be the key criteria for final selection of preferred insurers. Markfed reserves the right to reject any or all proposals without assigning any reason. For details please visit our website www.markfedpunjab.com.

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