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Department of State Awarded a Contract to SNIC INSURANCE B.S.C. for $1,190,981.41

Signed on

6/1/2025, 12:00 AM

SNIC INSURANCE B.S.C. Government Contract #19BA3025F0189

SNIC INSURANCE B.S.C. was awarded a contract with the United States Government for $1,190,981.41. The contract was awarded by the agency office U.S. EMBASSY MANAMA, which is a division with the Department of State within the Department of State.

Summary of Award

The recipient of the federal contract is SNIC INSURANCE B.S.C., located in Bahrain, specializing in government health insurance programs. The contract, funded by the Department of State, is for staff health insurance for the year 2025-2026, worth $1,190,981.41. Notable transactions include payments of $1,145,600.69, $62,740.96, and -$23,063.95 related to the contract.

Contract Details

Contract ID19BA3025F0189
Contract TypeC
Total Obligation$1,190,981.41
Exercised Options$1,190,981.41
Base Amount + Options$1,190,981.41
Date Signed2025-06-01
Contract DescriptionLE STAFF HEALTH INSURANCE OPTION YR 3, MAY 2025-APRIL 2026
Start Date2025-06-01
End Date2025-06-06

Agency Details

Awarding AgencyDepartment of State
Awarding Sub AgencyDepartment of State
Awarding OfficeU.S. EMBASSY MANAMA
Funding AgencyDepartment of State
Funding Sub AgencyDepartment of State
Funding OfficeBUREAU OF NEAR EASTERN AFFAIRS

Recipient Details

RecipientSNIC INSURANCE B.S.C.
Recipient LocationBUILDING 2504 2832 R 2832 AL SEEF , BAHRAIN
Business CategoriesCategory Business, Not Designated a Small Business, Special Designations, U.S.-Owned Business

Comments

Award Transactions

Transaction #P00003$-23,063.95September 16, 2025

Department of State, a sub agency of Department of State, issued a payment of $-23,063.95 to SNIC INSURANCE B.S.C.. The payment included a Subsidy Cost of $0.00.

This payment could indicate a change to the existing contract.

Transaction #P00002$62,740.96June 18, 2025

Department of State, a sub agency of Department of State, issued a payment of $62,740.96 to SNIC INSURANCE B.S.C.. The payment included a Subsidy Cost of $0.00.

Transaction #P00001$5,703.71June 2, 2025

Department of State, a sub agency of Department of State, issued a payment of $5,703.71 to SNIC INSURANCE B.S.C.. The payment included a Subsidy Cost of $0.00.

Transaction #0$1,145,600.69June 1, 2025

Department of State, a sub agency of Department of State, issued a payment of $1,145,600.69 to SNIC INSURANCE B.S.C.. The payment included a Subsidy Cost of $0.00.