National Insurance Company Pakistan Limited (ltd)

National Insurance Corporation

National Insurance Corporation, have been converted into National Insurance Company Limited, with effect from January 2001 Order of the Insurance Act 2000. National Insurance Company Limited was approved on March 31 and took over the National Insurance Corporation, with effect from 1901, 2002. Government's decision to amend the Corporation a corporation on the grounds that the National Insurance Corporation, had over the years has evolved into a very strong financial base.

The company could make better use of that power. NICl has a paid-up capital of Rs 2000000000 compared to the NIC that has been paid up capital of Rs 5 million. Change in honor of the company by the organization of the law and the community turns to run on purely commercial lines. NICl can act as a corporation and become a role model for the insurance industry in Pakistan.

The Board of Directors has appointed a Board of Directors to manage the affairs of society. The company is led by a president who is appointed by the government. The company operates in accordance with the guidelines direct the Securities and Exchange Commission of Pakistan, according to the Insurance Ordinance 2000 and the Ministry of Commerce.

Chairman, assisted by chief executives who are responsible for the well-managed organization.

National Insurance Company Limited has three offices headed by area managers in chief. Each zone has offices to meet the needs of our customers. Our nationwide presence makes our business relationships.

National Insurance Company objectives

Main objectives of the National Insurance Company Limited

• To provide insurance cover for the Government / Semi government organizations, the economic cost.
  
• You can reduce the outflow of foreign exchange markets, reducing dependence on foreign reinsurance.
  
• To make a significant contribution to public coffers by paying taxes and dividends.
  
• To make prudent investments in public and private sector to maximize performance.

FINANCIALS

Market Leadership National Insurance Company is based on financial strength and ability to analyze, price, and take complex risks. With a paid up capital of Rs 2 billion is more powerful than any other Pakistani society.

Contact Information

Director General
Privatisation Commission
5-A Constitution Avenue
EAC Building
Islamabad – Pakistan
Telephone: (92-51) 920 5487
Facsimile : (92-51) 920 3076, (92-51) 921 1692)
Email: info@privatisation.gov.pk