Group Life Assurance Policy

Official notice

Authority: Student Loans Company (Central government)

ServicesAward procedure without prior publication of a call for competition

Sectors: Financial and insurance services (66) Delivery: Scotland (UKM)

Awarded value£676,639published contract · exc. VAT

Awarded 5 Nov 2025no call for competition

Awarded to Zurich Corporate Risk

What is being bought

Published requirement description

SLC require to engage an insurer to provide the supporting group life insurance policy.

CPV: Life insurance services

The lotProcurement structure

single lot · no lot value published

Lot #1SLC contractually provides all employees with a life assurance benefit through a Death…Awarded

SLC contractually provides all employees with a life assurance benefit through a Death in Service Benefit Scheme providing a salary linked amount of benefit to beneficiaries. The amount paid is determined by the SLC Trust which has been established to oversee the Scheme. SLC require to engage an insurer to provide the supporting group life insurance policy.

Delivery: Scotland

Procedure terms & legal framework

From the official record · publisher note attached

Procedure method: Award procedure without prior publication of a call for competition
Legal basis: CELEX · 32014L0024 Public Contracts Regulations 2015 (Directive 2014/24/EU)
Procurement category: Services
Notice status: Awarded without competition
Procurement threshold: Unspecified in notice
Regulatory regime: Standard
Commercial structure: Stand-alone contract (no framework)
Competition type: Direct award (no call for competition)
GPA / WTO covered: Unspecified in notice
Recurring procurement: Unspecified in notice
First published: 14 Jan 2026, 09:23 GMT
Last source update: 14 Jan 2026, 09:23 GMT
Authority reference: 2025-TR-0085
FTS notice number: 2026/S 000-002930
Classification (CPV): Life insurance services
Delivery area: Scotland (UKM)
Official registry OCID: ocds-h6vhtk-060549 Find a Tender

Why no open competition: The procurement falls outside the scope of application of the directive
Published justification: Procured via Crown Commercial Services Insurance Services 3 Dynamic Purchasing System (RM6138) - no requirement for call for competition. Only 1 provider returned in search for Direct to Customer insurance.

Publisher note: Procured via Crown Commercial Service Insurance Services 3 DPS (RM6138).

Commercial outcome & contract awards

Published awards, contracts and bid statistics, not a forecast

Awards 1

Awarded value £676,6391 contract exc. VAT

Bids received 1

Contracts signed 1latest 5 Nov 2025

Awarded to	Value	Date	Status
Zurich Corporate Risk	£676,639 †	—	Awarded

Contracts

Group Life Assurance Policy · Zurich Corporate Risk
Signed
5 Nov 2025
Value
£676,639
Status
active

Bid statistics published by the authority

Bids	SME	VCSE	Valid bid range
1bids	—	—	—

Contracting authority & participating public bodies

STUDENT LOANS COMPANY

Contracting authorityCentral GovernmentBody governed by public lawEducation GB-COH: 02401034 Memphis Building Lingfield Point, Darlington, North East, DL11RWContact name, email

Bidders & participating suppliers

1 commercial party on the notice

Zurich Corporate RiskAwarded supplierGB-COH: 02456671 Swindon, UK

Official documents & specifications

Official links; attachments are not copied

No document links were published on the notice.