Functions of NICL.

Functions of National Insurance Company Limited are enlisted as below:

  • To insure public properties
  • To build sufficient reserves to increase risk retention capacity
  • To insure properties other than public properties as and when directed by the Federal Government
  • To advise the Government Departments on issue of risk management to adequately protect their assets at minimum cost
  • To transfer surplus funds after meeting all management expenses, to the government exchequer
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