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NICL gets more than 10 Billion Premium in 2019; Tariq Aziz Executive Director

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Once discussed in big scandals Country’s top general insurance coverage provider Company NICL is now emerged as one of the top earners and performers as entity of the Government of Pakistan, claimed Tariq Aziz Executive Director of NICL.

Talking to ‘Daily City News’ Mr. Aziz said that NICL providing general insurance coverage to the ‘State Owned Moveable and Immoveable Assets’ belonging to Federal and Provisional Government, Local Authorities and Statutory Corporations.

Mr. Aziz added that National Insurance Company Limited (NICL) that Company after having gone through difficult time in the past Company has now emerged as one of the top earners and performers as entity of the Government of Pakistan and Organization now stands on strong financial footing and one of the highest tax payers contributing the national exchequer.

He said that NICL reported a remarkable Rs 10 Billion plus record premium collected in the year 2019, supported by profitable business growth and a strong investment performance. This was the first time that a company has achieved a milestone of a two digit premium.

Mr. Aziz concluded that that company’s underwriting premium was reported to be 7.1 billion in the year 2018 and now at the end of the year 2019, their underwriting premium was collected to be over Rs 10 billion.

This is big achievement for the current regime as the stigma associated with the company has now been shifted to commendation in 2019 with 41 % growth in underwriting premium. .

Replying to a question he said that in the year 2019, emerged as the highly profitable for the NICL with extraordinary performance to serve their valued and prestigious clients all over Pakistan and Management is optimistic that in 2020 will be more prospective and prosperous for NICL, for which road map is already been chalked out BoD and Acting CEO.

It can’t be done without the support of their valuable clients, who support NICL during their tough days, keeping their trust on NICL and their management, and have attained its objective without losing any business/clients, on the contrary new prospective clients has been added to our portfolio.

Mr. Aziz concluded that this was due to current management that NICL is working on paperless organization from 1st January, 2020, and using the PITB E-filing system and becomes the only few entities in Government organization , who adopted the e-filing and digitization envision by the current regime and during the tenure of the present Board of Directors the long pending, unaudited accounts of NICL have been audited which includes the year 2015, 2016 and the year 2017 and 2018 is almost finished.

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