Life Insurance

:  Micro Finance Insurance

The National Insurance Company is pleased to offer the Micro Finance Insurance Coverage, which is designed to cover, support and protect the small and medium sized lending financial institutions from the risks arising from injury and/or death that may occur to any of the borrowers. This coverage comes at a small expense, which depends on the size and the value of the borrowed portfolio. NIC is committed to provide an appropriate and adequate protection to insure these institutions from any financial distress or loss.

 

Group Life Insurance:

 

The National Insurance Company is pleased to offer the Group Life insurance coverage, which is intended to insure the companies/organizations and NGOs' employees. This coverage require a minimum of 10 employees with a full-time position and at ages between 18 to 65.

 

The National Insurance Company, characterized by its flexibility to design and create the insurance policies accordingly with nature of the firm's business. The Group Life insurance is offered through three different types:

  1. Group Takaful insurance
  2. Group Monthly-Based Insurance
  3. Group Fixed Amount Insurance

 

The Sum Insured of each policy is calculated differently. For example, the monthly-based insurance depends on the number of months, which are needed to cover a certain incident (normally 24, 36, 48 times the salary).

 

Credit Insurance:

 

The National Insurance Company is pleased to offer the Credit Insurance, which is designed to cover and protect lending financial institutions from the risks arising from injury and/or death that may occur to any of the borrowers. This coverage depends on the value and the nature (personal, residential, credit cards) of the borrowed portfolio. NIC is committed to provide an appropriate and adequate protection to insure these financial institutions from any financial distress.

 

For any further information regarding these coverages, please call our offices at: 0097022983800 ext.: 157, or by               e-mail (mmoshasha@nic-pal.com) to request about any inquiries