National Insurance Company Limited was incorporated in Pakistan on 31st March 2000 as an unquoted public limited company under the Companies Ordinance 1984 through NIC (Reorganization) Ordinance 2000.
Vision Statement.
Preferred enabler to overcome financial uncertainty through mitigation and transfer of risk, Contributing to the sustainable economic growth.
Mission Statement.
Committed to professionally deliver diligent Value-added Solutions through Agility, Innovation and Digital Transformation to overcome customers’ financial uncertainties and to accomplish collaborative progression towards achieving stakeholders’ satisfaction.
- To provide insurance coverage to the Government/Semi-Government organizations at an economical cost
- To reduce outflow of foreign exchange by reducing dependence on reinsurance abroad
- To make significant contributions to the public exchequer by payment of taxes & dividends
- To make prudent investments in the public as well as private sector to obtain maximum returns
- Initially, it was named as National Insurance Corporation formed in the year 1976 through NIC Act 1976.
- The National Insurance Company Limited is 100% owned by the Government of Pakistan (GOP) and works under the administrative control of the Ministry of Commerce (MOC).
- The Authorized Capital of the Company is Rs. 6 Billion and the Paid Capital of Rs. 2 Billion divided into 200 million shares of Rs. 10 each.
The National Insurance Company Limited is providing general insurance coverage to the State Owned Moveable and Immovable Assets belonging to Federal and provisional Governments, Local Authorities, and Statutory Corporations.
Insurance coverage is being provided in the following areas:
- Fire and Property Damage
- Aviation Hull
- Marine Hull
- Marine Cargo
- Credit Risk and Suretyship
- Motor
- Liability
- Workers’ Compensation
- Accident and Health
- Engineering / Mechanical mods
- Agri Loans (New)
Registration Number/CUIN:0041095
NTN: 0711319-6
STRN: 1700981303555
Legal Advisor: M/s. FGE Ebrahim Hosain, Barristers, Advocates & Corporate Legal Consultants.
Auditor: RSM Awais Hyder Liaquat Nauman, Chartered Accountants