REQUEST FOR QUOTATION (RFQ): LAND BANK INSURANCE OPERATIONS REVIEW – CREDIT LIFE POLICY ADMINISTRATION, PREMIUMS AND CLAIMS

Tender Overview

Background & ContextEstablished in 1912 to promote agricultural and rural development, the Land Bank provides production, instalment sale finance, and medium-term or mortgage loans to emerging and commercial farmers. From time to time, the Bank also administers other government programmes, such as drought relief schemes and flood assistance. The Land Bank is wholly owned by the South African government, and is in turn the sole shareholder of LBIC and LBLIC, which provide insurance products in the agricultural sector.The Bank's objectives flow from the Land Bank Act, No. 15 of 2002, and are ali…