The document summarizes information about the National Insurance Company Limited (NICL), which is Pakistan's largest government-owned insurance company. It provides details about NICL's establishment, ownership, capitalization, board of directors, management team, objectives, products and services, clients, and network of offices. NICL aims to provide affordable insurance coverage to government organizations and develop the insurance sector in Pakistan. It offers various insurance products like fire, marine, motor, and agriculture insurance. The company has a widespread network across Pakistan and plans to expand further by opening new branches.
briefly decsription on insurance sector and customers perception towards insurance and exide life insurance in odisha...
it will help in marketing as well as finance student those who comes from BBA,MBA, and also management studies...
Life insurance
Insurance
Types of life insurance
Term insurance
Endowment policy
Unit linked insurance plans
Whole life insurance
Facts about life insurance
NATIONAL INSURANCE COMPANY LTD. ALL TYPE OF INSURANCE COVER PROTECT BY NATIONAL INSURANCE COMPANY LTD.
FOR MORE DETAILS:
KIRITKUMAR PRAJAPATI
AHMEDABAD, GUJARAT-382210
Call now +919904158218
Email: soham.ksp@gmail.com
briefly decsription on insurance sector and customers perception towards insurance and exide life insurance in odisha...
it will help in marketing as well as finance student those who comes from BBA,MBA, and also management studies...
Life insurance
Insurance
Types of life insurance
Term insurance
Endowment policy
Unit linked insurance plans
Whole life insurance
Facts about life insurance
NATIONAL INSURANCE COMPANY LTD. ALL TYPE OF INSURANCE COVER PROTECT BY NATIONAL INSURANCE COMPANY LTD.
FOR MORE DETAILS:
KIRITKUMAR PRAJAPATI
AHMEDABAD, GUJARAT-382210
Call now +919904158218
Email: soham.ksp@gmail.com
The Smart Comparison team brings to you an new flavor of the telecomm market with the toe to toe comparison between the big shots of the Indian mobile scenario.
so indulge and educate yourself what to buy and why to buy!!!!
In this presentation we will deal with Insurance organizations, their operational structure, insurer’s function and key business terms used in this sector.
To know more about Welingkar School’s Distance Learning Program and courses offered, visit:
http://www.welingkaronline.org/distance-learning/online-mba.html
Analysis of Procedures and Factors Causing Motor Vehicle Insurance Claimsijtsrd
The purpose of this study is to determine in detail the analysis of motor vehicle claims procedures. Researchers also want to know about the factors that cause claims. The research method used by researchers is descriptive qualitative and quantitative. Researchers take and observe primary data directly in an insurance company in Indonesia. The analysis was carried out for 3 years, namely 2017, 2018, and 2019. Based on the results of the study, the claims procedure was carried out in several stages. These steps are a claim incident report, prepared documents, submission of documents to the claims department, document check, verification, survey, analysis, and claim settlement. The factors causing the most claims in 2017 were damage due own at 60 . in 2018 the cause of most claims was due to other damage by 50 . The same was true in 2019, namely due to own damage of 60 . Meanwhile, the claim fee that must be paid by the company in the last 3 years has reached Rp. 3,932,415,699.00. Stevanly Alvino Arya | Debrina Vita Ferezagia "Analysis of Procedures and Factors Causing Motor Vehicle Insurance Claims" Published in International Journal of Trend in Scientific Research and Development (ijtsrd), ISSN: 2456-6470, Volume-5 | Issue-1 , December 2020, URL: https://www.ijtsrd.com/papers/ijtsrd38254.pdf Paper URL : https://www.ijtsrd.com/economics/finance/38254/analysis-of-procedures-and-factors-causing-motor-vehicle-insurance-claims/stevanly-alvino-arya
Interview Questions and Tips for Local Government Department Sindh by Seetal ...Seetal Daas
These interview tips and questions are prepared for Municipal Officer, Town Officer and Assistant Accounts Officer in Local Government Department Sindh
These OMR Sheet according to your order for conducting any test is available at reasonable rates for further queries contact the email address: seetal.daas@gmail.com.
For the board examination, detailed notes of Asan Sindhi with MCQs, short and long answers, I hope it will facilitate you in preparation for your examination.
English solved paper prepared for student's benefit, it is very much beneficial for students of 9th class for board examination purpose. Download and share with your friends and schools.
Digital Transformation and IT Strategy Toolkit and TemplatesAurelien Domont, MBA
This Digital Transformation and IT Strategy Toolkit was created by ex-McKinsey, Deloitte and BCG Management Consultants, after more than 5,000 hours of work. It is considered the world's best & most comprehensive Digital Transformation and IT Strategy Toolkit. It includes all the Frameworks, Best Practices & Templates required to successfully undertake the Digital Transformation of your organization and define a robust IT Strategy.
Editable Toolkit to help you reuse our content: 700 Powerpoint slides | 35 Excel sheets | 84 minutes of Video training
This PowerPoint presentation is only a small preview of our Toolkits. For more details, visit www.domontconsulting.com
Recruiting in the Digital Age: A Social Media MasterclassLuanWise
In this masterclass, presented at the Global HR Summit on 5th June 2024, Luan Wise explored the essential features of social media platforms that support talent acquisition, including LinkedIn, Facebook, Instagram, X (formerly Twitter) and TikTok.
LA HUG - Video Testimonials with Chynna Morgan - June 2024Lital Barkan
Have you ever heard that user-generated content or video testimonials can take your brand to the next level? We will explore how you can effectively use video testimonials to leverage and boost your sales, content strategy, and increase your CRM data.🤯
We will dig deeper into:
1. How to capture video testimonials that convert from your audience 🎥
2. How to leverage your testimonials to boost your sales 💲
3. How you can capture more CRM data to understand your audience better through video testimonials. 📊
Premium MEAN Stack Development Solutions for Modern BusinessesSynapseIndia
Stay ahead of the curve with our premium MEAN Stack Development Solutions. Our expert developers utilize MongoDB, Express.js, AngularJS, and Node.js to create modern and responsive web applications. Trust us for cutting-edge solutions that drive your business growth and success.
Know more: https://www.synapseindia.com/technology/mean-stack-development-company.html
3.0 Project 2_ Developing My Brand Identity Kit.pptxtanyjahb
A personal brand exploration presentation summarizes an individual's unique qualities and goals, covering strengths, values, passions, and target audience. It helps individuals understand what makes them stand out, their desired image, and how they aim to achieve it.
Kseniya Leshchenko: Shared development support service model as the way to ma...Lviv Startup Club
Kseniya Leshchenko: Shared development support service model as the way to make small projects with small budgets profitable for the company (UA)
Kyiv PMDay 2024 Summer
Website – www.pmday.org
Youtube – https://www.youtube.com/startuplviv
FB – https://www.facebook.com/pmdayconference
Implicitly or explicitly all competing businesses employ a strategy to select a mix
of marketing resources. Formulating such competitive strategies fundamentally
involves recognizing relationships between elements of the marketing mix (e.g.,
price and product quality), as well as assessing competitive and market conditions
(i.e., industry structure in the language of economics).
Top mailing list providers in the USA.pptxJeremyPeirce1
Discover the top mailing list providers in the USA, offering targeted lists, segmentation, and analytics to optimize your marketing campaigns and drive engagement.
The world of search engine optimization (SEO) is buzzing with discussions after Google confirmed that around 2,500 leaked internal documents related to its Search feature are indeed authentic. The revelation has sparked significant concerns within the SEO community. The leaked documents were initially reported by SEO experts Rand Fishkin and Mike King, igniting widespread analysis and discourse. For More Info:- https://news.arihantwebtech.com/search-disrupted-googles-leaked-documents-rock-the-seo-world/
Putting the SPARK into Virtual Training.pptxCynthia Clay
This 60-minute webinar, sponsored by Adobe, was delivered for the Training Mag Network. It explored the five elements of SPARK: Storytelling, Purpose, Action, Relationships, and Kudos. Knowing how to tell a well-structured story is key to building long-term memory. Stating a clear purpose that doesn't take away from the discovery learning process is critical. Ensuring that people move from theory to practical application is imperative. Creating strong social learning is the key to commitment and engagement. Validating and affirming participants' comments is the way to create a positive learning environment.
2. Introduction
Initially it was named as National Insurance Corporation formed in
the year 1976.
National Insurance Company Limited is the largest insurance
company, was incorporated in Pakistan on 31st March 2000 as an
unquoted public limited company under the Companies Ordinance
1984 through NIC(Reorganization )Ordinance 2000.
The National Insurance Company Limited is 100% owned by
Government of Pakistan(GOP) and working under the
administrative control of Ministry of Commerce(MOC).
Authorized Capital of Company is Rs. 6 Billion and Paid up Capital
of Rs.2 Billion divided into 200 million shares of Rs.10 each.
4. Director of Board
Mr Mushtaq Ahmed Shah(Chairman)
Mr Zubair Ahmed Malik (Director)
Mr Iqbal Inayat Advocate (Director)
Raja Gustasab Khan (Director)
Dr Karim Khawaja Senator (Director)
Mr Habib ud din (Director)
5. Management
Mr Saeed Aslam Raja (Executive Director)
Mr Nusrat Hussain (Executive Director of operations & Company Secretary )
Mr Saad Shah (Acting Executive Director of Central Zone Multan)
MrTariq Aziz (CIO)
Mr Sanaullah Khan (Zonal Head South Zone)
MrAbid Ali Shah (Zonal Head North Zone)
MrAltaf Madraswlla (General Manager Operations)
MrAamir Qureshi (Chief Manager Administration )
Mr Milandad Rahoojo (General Manager Audit)
Mr Khawer Shaikh (General Manager Real Estate)
Mr Qurban Soomro (Chief Manager Reinsurance)
Mr MuhammadZahoor (Executive Director)
MrAyoub Butt (Executive Director of Regional )
Mr Syed Zahid Hussain (General Manager)
6. Major Objectives of NICL
To provide insurance cover the
Government/Semi Government organization at
economical cost.
To reduce outflow of foreign exchange by
reducing dependence on reinsurance abroad.
To make significant contributions to public
exchequer by payment of taxes & dividends.
To make prudent investment in public as well as
private sector in order to obtain maximum
returns.
7. Future Plan / Strategy
NICL has successfully launched Agri Loan Insurance with the
help of NBP and Bank of Khyber (KOB)
A specialized Institution i.e ZarariTarqiati Bank has not come
forward with NICL so for to provide Agri Loan Insurance
,rather preferred to deal with private insurance company.
NICL is also working on launching two new products named
as Micro Finance Insurance and Health Insurance .The
purpose of both products is to provide coverage to low
income and poor people of the country residing in rural areas
on payment of nominal premium.
By providing these innovative insurance coverage NICL’s aim
is just act upon present Government policies of providing
relief protection to the nation.
8. Insurance coverage is being
provided in the following areas
Travel Insurance
Aviation Insurance
Fire Insurance
Marine Hull Insurance
Marine Cargo Insurance
Motor Insurance
Engineering Insurance
Miscellaneous Insurance
Agri/ Crop Insurance (new)
9. Function of NICL
The major function of the company is to insure
public properties.
To build sufficient reserves to increases risk
retention capacity.
To insure properties other than public properties as
and when directed by the Federal Government.
To advise the Government Dept on issue of risk mgt
to adequately their assets at minimum cost.
To transfer surplus funds after meeting all mgt
expenses ,to the government exchequer.
10. Traveling is fun and exciting ,but sometimes unannounced 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 event so that you can spend the time with peace of mind.
Who will be covered on visit to Pakistan?
Government Delegates
OfficialTrade Delegates
BusinessTravelers
Tourists
How to buy this insurance abroad
Website
After reaching Pakistan Airport walk up to NBP.
Identify yourself ,pay the prescribed premium and collect your policy.
Don ‘t forget to ask fro the claim form along with policy .
11. The aviation department provides following insurance
services to the aviation industry of Pakistan.
Aircraft Hull Insurance
Spares/Spare Engines Insurance
Passenger legal Liability Insurance
General third Party
Cargo Legal Liability Insurance
Loss of License Insurance
PersonalAccident to Crew of Aircraft
12. Fire Insurance provides comprehensive cover in respect of loss or
damage to your;
against property
lightning
riot
strike damage
atmospheric disturbance
earthquake fire
shock explosion
impact damage,
aircraft damage
malicious damage (such as act of terrorism ).
13. Marine Hull Insurance dept provides cover for ship of
all kinds, barges , tugs, dredgers, fishing
trawlers, yacht etc.
Ship owners Liability : This insurance covers ship
owners liability to cargo by reason of general average
,expenses incurred in saving the property not recoverable
from cargo insurers.
Repairs legal Liability: This policy covers liability of
repairers in respect of the ships of third parties taken up for
repairs.
Ship building Policy: Special Policy to cover ship risks
involved in the building of ships.
14. 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.
15. a) Construction /Erection Phase Insurance
Contractors all risks (CAR Insurance
Erection all risk (EAR) Insurance
Principals advance loss of profits following EAR & CAR
Machinery Breakdown Insurance
Boiler and PressureVessel Insurance
Computer all risk Insurance
Electronic equipment (EE) Insurance
b) Operational Phase Insurance
Principals advance loss of profits following CAR/EAR
Machinery Breakdown Insurance
Boiler and PressureVessel Insurance
Computer all risk Insurance
Electronic equipment (EE) Insurance
16. Motor Car/CommercialVehicles/Motor Cycle Insurance
This Policy is also exclusively for the use of public sector.
this policy provides coverage against ;
accidental damage
fire
theft
malicious damage &
strike damage,
damages due to natural calamities and
third party liability arising due to RoadTraffic Act at
Common
17. Premium of subsistence farmers for five major crops.i.e.Wheat
,Cotton,Surgarcane,Rice and Maze will be reimbursed by the Govt.
NICL has developed comprehensive Agri-Loan Insurance schemes
for production ,development and livestock loans.
Insurance policy to NBP was issued on 7th October 2008 covering
risk with effect from 15th October 2008.
Insurance of NBP Agri Credit to Borrowers Coverage
Production Loans (All Crops)
Development Loans
Livestock loans
Additional Coverage
Fire & Lightning ,Theft ,Accidental Death of borrower
18. Cash in transit Insurance : provides coverage against loss of money whilst in transit due to forcible ,violent,
external and visible means.
Cash/In safe (Burglary cover): Policy provides coverage to cash whilst on premises against loss by theft arising
due to actual forcible and violent entry upon the premises.
Workmen compensation/Employers liability Insurance: Policy provides coverage for any legal liabilities of the
employers arising out of and in the course of employment as per workman compensation Act, or at Common
Law.
Public Liability Insurance: provides coverage against legal liability to pay for death/body injury to any person or
direct damage to the property.
Fidelity Guarantee Insurance: provides coverage to the employer of fraud/dishonesty committed by the
employee.
Personal Accident(24): provides coverage to a person injury/death caused by accidently by violence due to any
external and visible means and provides payment of specified capital benefits following accidental death,
permanent total disability ,partial disablement etc.
AirTraveler’s Insurance: Provides coverage to a person his/her beneficiary whilst travelling as a passenger in a
duly licensed Aircraft sustains any body injury/death caused by accident.violenlancy.
All Risk Insurance:This policy provides all risk coverage to property against loss/damage due to any accident or
misfortune covering mobile phone and laptop in the new era.
Professional Indemnity Insurance: Policy provides liability of the insured firm against any claim arising duet to
breach of professional duty as accountant engineering etc.
Banker’s Policy: policy designed for the specific needs of financial Institutions .
PlateGlass insurance: policy provides all risk insurance cover against breakage or destruction of glass due to
any accidental means.
19. Our Clients
Pakistan National Shipping Co. Pakistan StateOil PakistanTelevision Network National Savings Organization
Oil & Gas Development Co.PK WAPDA National Bank of Pakistan Directorate General Of Defense Purchase
Kott Addu Power Company LTD Sui Southern Gas Company Pak-Arab Refinery Limited Utility Store Corporation Of Pakistan
Pakistan Petroleum Limited Sui Northern Gas Pipelines LTD Civil Aviation Authority Trading Corporation Of Pakistan
20. Our Network
Head Office ( Karachi)
South Zone ( Karachi)
Central Zone ( Lahore)
North Zone ( Islamabad)
Hyderabad
Faisalabad
Peshawar
Multan
Sukkur
Quetta
Muzzaffarabad Azad Kashmir
Sahiwal Brach
Bahawalpur Office
Jhang
21. Recommendation
Company should open branches in towns and
districts for providing insurance services and
making them insured e.g. ,Golarchi,Talhar,
Thatta, Badin respectively.
Company should make an INVERSE POLICY
which may facilitate to poor ,students
,disables etc.