Ref: (IUL)HDFC/1/2026/22

October 05, 2026

INVITATION FOR EXPRESSION OF INTEREST

Background

Housing Development Finance Corporation Plc invites proposals from all reputable and licensed Health Insurance providers operating in the Maldives to submit their proposals for the calendar year 2027.

Scope of Cover

The proposed insurance scheme shall cover all permanent employees of HDFC, and their dependents (Spouses, Children, and Parents) who opt to be enrolled.

Annual Medical Coverage Limit: MVR 250,000 per insured person

Eligibility Criteria

Expression of Interest (EOI) will be considered only from the parties that meet the following criteria:

• Possession of a valid License to operate as a health insurance provider in the Maldives.
• Demonstrated experience in providing health insurance services to institutions of similar nature within the Maldives.

Evaluation Method

• Proposals will be evaluated based on comprehensive assessment of quality, benefits offered, and cost-effectiveness.

Submission Requirements

Interested parties must submit:

• An expression of Interest
• A detailed proposal that meets the eligibility criteria
• A completed information form

Submission Deadline:

All submissions must be received on or before October 18, 2026, 14:00 hrs.

Email: [email protected]

Additional Information

• Estimated Number of Staff to be enrolled: 56 staff
• Coverage Duration: 01 January 2027 to 31 December 2027 (one calendar year).

Housing Development Finance Corporation Plc.,

4^th Floor, H. Mialani, Sosun Magu,

Male, Republic of Maldives.

Tel +960 3338810 Fax: +960 3315138