May 02, 2016 10:26 PM ET


Company Overview of National Insurance Company Limited

Company Overview

National Insurance Company Limited provides insurance coverage to public properties. Its insurance coverage include terrorism risk cover for property, energy risk, aviation, construction/erection phase, contractors risks, erection all risks, operational phase, machinery breakdown, boiler and pressure vessel, computer all risk, insurance bonds, travel, crops, cash in transit and safe, workmen compensation/employers liability, public liability, and fidelity guarantee. The company also provides insurance coverage in the areas of fire, air traveler, director’s and officer’s liability, banker’s policy, plate glass, credit guarantee hire purchase cover, marine cargo insurance, marine hull insuranc...

NICL Building

Abbasi Shaheed Road

Karachi,  74400


Founded in 1955


92 21 111 642 642


92 21 920 2754

Key Executives for National Insurance Company Limited

Chairman and Managing Director
Executive Director of Operations & Finance and Company Secretary
Zonal Head of North Zone/Central Zone
Chief Information Officer and General Manager of HR&T
Assistant General Manager of HR&T and Administration
Compensation as of Fiscal Year 2015.

National Insurance Company Limited Key Developments

National Insurance Company Limited Appoints K Sanath Kumar as Chairman-Cum-Managing Director

K Sanath Kumar GM, General Insurance Corporation, has been appointed as Chairman-cum-Managing Director, National Insurance Company Limited for a period of five years.

Pakistan To Reportedly Privatize 38 Entities

Pakistan intends to privatize 38 national organizations. According to sources, Prime Minister Nawaz Sharif is determine to sell all organizations to its close aide, kin and relatives on less rate in comparison to the market price. The list includes Oil and Gas Development Co., Ltd. (KASE:OGDC), Mari Petroleum Company Limited, Pak Arab Refinery Limited, Pakistan State Oil Company Limited (KASE:PSO), SME Bank Ltd., Sui Southern Gas Co., Ltd. (KASE:SSGC), Sui Northern Gas Pipelines Ltd. (KASE:SNGP), Pakistan Reinsurance Company Ltd. (KASE:PAKRI), National Insurance Company Limited, State Life Insurance Corporation of Pakistan Limited, 76% stake in National Bank of Pakistan (KASE:NBP), 10% stake in Allied Bank Limited (KASE:ABL), 42% stake in Habib Bank Limited (KASE:HBL), Heavy Electrical Complex (Pvt.) Ltd., National Power Construction Corporation (Pvt) Limited, Islamabad Electric Supply Company Limited, Faisalabad Electric Supply Company Limited, Lahore Electric Supply Company Limited, Multan Electric Power Co., Ltd., Pakistan Steel Mills Corporation (PVT) LTD., Pakistan Engineering Company Limited (KASE:PECO) and Pakistan International Airlines Corporation (KASE:PIAA).

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