The aviation department provides following insurance services to the aviation industry
AIRCRAFT HULL INSURANCE
It covers the aircraft itself for accidental damage or loss from whatsoever cause
operating anywhere in the world subject to certain terms and conditions.
Under the directives of Federal Government, Crop Loan Insurance has been launched
from Rabi season 2008-2009.
Premium of subsistence farmers for five major crops i.e. Wheat, Cotton, Sugarcane,
Rice and Maze will be reimbursed by the Government.
NICL has developed comprehensive Agri-Loan Insurance schemes for production, development
and livestock loans.
CONSTRUCTION /ERECTION PHASE INSURANCE
CONTRACTORS ALL RISKS (CAR) INSURANCE
The basic concept is to offer comprehensive and adequate protection against loss
or damage in respect of the contract works, construction plant and equipment and/or
construction machinery, as well as against third party claims in respect of property
damage and/or bodily injury arising in connection with the execution of construction
FIRE AND ALLIED PERILS INSURANCE
This is the most important and basic form of insurance and is essential for all
types of business concerns. Fire and Allied Perils Insurance provides comprehensive
cover in respect of loss or damage to your property against fire and lightning,
riot and strike damage, atmospheric disturbance, earthquake fire and shock explosion,
impact damage, aircraft damage, malicious damage (such as act of terrorism).
MARINE CARGO INSURANCE
Marine cargo insurance protects all goods while in transit depending upon the needs
of a client, as per Marine Institute Cargo clauses whether cargo shipped by sea,
air or by land, as well as General Average when declared.
SHIP OWNERS & REPAIRERS LEGAL LIABILITY
This cover is available for ships of all kinds, barges, tugs, dredgers, fishing
trawlers, yatch, pleasure boats, speed boats etc. including vessels for last breakup
voyages to world over under its/own power.
CASH IN TRANSIT INSURANCE
This policy provides coverage against loss of money whilst in transit due to forcible,
violent, external and visible means.
CASH/IN SAFE, (BURGLARY COVER)
This policy provides coverage to cash whilst on premises against loss by theft arising
due to actual forcible and violent entry upon the premises.
This policy is also exclusively for the use of public sector.
MOTOR CAR/COMMERCIAL VEHICLES/MOTORCYCLE INSURANCE
This policy provides coverage against accidental damage, fire, burglary,
theft, malicious damage, riot & strike damage, damage due to natural calamities
and third party liability arising due to Road Traffic Act or at Common Law and while
in transit by road.
Why Buy the All Risks cover?
Traveling is fun and exciting, but sometimes nannounced events can mar your pleasure.
Any unfortunate act including terrorism can strike without warning resulting in
hospitalization, disability and even death. We at NICL are ready to provide you
security on such events so that you can spend the time with peace of mind.