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🇲🇽 Mexico /Economy & Trade

Government awards 8.827 billion pesos in life insurance for 853,000 officials

From El Universal · () Spanish

Translated from Spanish and summarized by DistantNews. Read the original for the full story.

At a glance

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  • Mexico’s Finance Ministry awarded an institutional life-insurance contract with a base value of 8.827 billion pesos and a maximum value of 13.335 billion pesos.
  • The three-year contract covers 853,000 active and retired officials across federal agencies and entities.
  • Seguros Banorte won the tender after beating MetLife, Aseguradora Patrimonial and GNP in technical and financial evaluations.

The federal government will spend an average of 8.1 million pesos a day on institutional life insurance for three years, from April 2026 through March 2029. The Finance Ministry awarded the contract with a total budget of 8.827 billion pesos and an authorized maximum of 13.335 billion pesos.

The award, obtained by EL UNIVERSAL, is the largest government procurement recorded so far this year in the article’s comparison. It exceeds the 11.15 billion-peso contract for the design and construction of the Saltillo-Nuevo Laredo train.

The policy covers 853,000 active and retired officials from 24 departments, 68 decentralized agencies, 113 entities and one autonomous institution. It provides protection in cases of death, total disability or incapacity, with coverage of up to 40 times a worker’s monthly pay. Employees can increase that protection to 108 times their monthly pay through deductions from their own salaries.

It is not right for public money to be used for major medical insurance.

· Claudia SheinbaumThe Mexican president criticized the use of public funds for major medical insurance for public officials.

Seguros Banorte won the tender after outperforming MetLife, Aseguradora Patrimonial and GNP in the technical and financial assessments. The article notes that different companies have held the service in previous decades.

The life-insurance benefit differs from major medical insurance, which the Supreme Court wants to restore and President Claudia Sheinbaum criticized on August 19. “It is not right for public money to be used for major medical insurance,” Sheinbaum said, arguing that officials could use the ISSSTE or IMSS Bienestar, or pay for private coverage themselves. UNAM academic Miguel González agreed that public employees should pay for such insurance from their own resources or face the shortcomings experienced by millions of Mexicans in public healthcare.

If they want to pay for major medical insurance with their salaries, then go ahead. They have complete freedom to spend their income as they decide.

· Claudia SheinbaumSheinbaum said officials should personally finance private major medical coverage.
About this summary

Originally published by El Universal in Spanish. Translated, summarized, and contextualized automatically by DistantNews, with a note on how the source frames the story. Not individually reviewed before publishing. How this works.

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