Section one: Contracting authority
one.1) Name and addresses
STUDENT LOANS COMPANY
Memphis Building Lingfield Point
Darlington
DL11RW
Contact
Susan Butcher
Country
United Kingdom
Region code
UKC13 - Darlington
Companies House
02401034
Internet address(es)
Main address
https://www.gov.uk/government/organisations/student-loans-company
one.4) Type of the contracting authority
Body governed by public law
one.5) Main activity
Education
Section two: Object
two.1) Scope of the procurement
two.1.1) Title
Group Life Assurance Policy
Reference number
2025-TR-0085
two.1.2) Main CPV code
- 66511000 - Life insurance services
two.1.3) Type of contract
Services
two.1.4) Short description
SLC require to engage an insurer to provide the supporting group life insurance policy.
two.1.6) Information about lots
This contract is divided into lots: No
two.1.7) Total value of the procurement (excluding VAT)
Value excluding VAT: £676,638.86
two.2) Description
two.2.3) Place of performance
NUTS codes
- UKM - Scotland
two.2.4) Description of the procurement
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.
two.2.5) Award criteria
Price
two.2.11) Information about options
Options: No
Section four. Procedure
four.1) Description
four.1.1) Type of procedure
Award of a contract without prior publication of a call for competition in the cases listed below
- The procurement falls outside the scope of application of the regulations
Explanation:
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.
four.1.8) Information about the Government Procurement Agreement (GPA)
The procurement is covered by the Government Procurement Agreement: No
Section five. Award of contract
Contract No
2025-TR-0085
Title
Group Life Assurance Policy
A contract/lot is awarded: Yes
five.2) Award of contract
five.2.1) Date of conclusion of the contract
5 November 2025
five.2.2) Information about tenders
Number of tenders received: 1
The contract has been awarded to a group of economic operators: No
five.2.3) Name and address of the contractor
Zurich Corporate Risk
Swindon
Country
United Kingdom
NUTS code
- UK - United Kingdom
Companies House
02456671
The contractor is an SME
No
five.2.4) Information on value of contract/lot (excluding VAT)
Total value of the contract/lot: £676,638.86
Section six. Complementary information
six.3) Additional information
Procured via Crown Commercial Service Insurance Services 3 DPS (RM6138).
six.4) Procedures for review
six.4.1) Review body
Student Loans Company
Glasgow
Country
United Kingdom