L25004-T-LH - Private Medical Insurance - Employees
Overview
Summary, notice description and lot information
London Luton Airport Operations Limited is undertaking a pre-market exercise for private medical insurance for its employees, designated as tender L25004-T-LH. The procurement exercise falls under the industry category of life reinsurance services, accident and health reinsurance services, and health and social work services. Based in the East of England, specifically Luton (LU2 9NU), the procurement is currently in the tender stage with key dates including publication on 13th March 2025 and the tender period ending on 11th April 2025.
The contract is set to commence on 1st August 2025 and will last until 31st July 2026. This tender represents a substantial opportunity for businesses specialising in medical insurance to gain a significant contract worth £1,600,000 with London Luton Airport. The ideal candidates to compete for this tender are established insurance providers capable of offering fully insured policies with profit sharing and managed services, including options for underwriting and price comparison.
As the policy will be underwritten as Medical History Disregarded with no excess for employees, companies with strong capabilities in creating tailored health insurance solutions will be well-suited for this procurement. Although the procurement method is an open pre-market exercise, the requirement to ensure best value from year to year fosters competition and opportunities for growth within this sector.
This is a Pre Market Exercise for Private medical insurance Additional information: London Luton Airport (LLA) provides Private Medical Insurance for all staff at LLA. As this is an insurance product, LLA have a responsibility to ensure that best value is achieved each year and in order to do so, conduct a Pre Market Exercise (PME) to bench mark the Private Medical insurance market. This project is to enable that information is gathered and should an alternative provider be sourced through this exercise then LLA will/ may use this information to award appropriately.
This PMI (Private Medical Insurance) will be offered as a fully insured (ideally with profit share) and managed service. The policy will be underwritten as Medical History Disregarded (MHD) for all covered in the policy. The policy will be based on a nil excess for employees.
However, it will be asked to quote with excess and underwriting options as a price comparison.
Procurement Classification
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Contract Values
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The contract period is one year.
Key Dates
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