About Us

WE COVER, WE CARE, WE PAY

WE COVER, WE CARE, WE PAY

Because your insurance needs are divergent, we offer a wide spectrum of versatile products and services. Moreover, our highly qualified and experienced professionals will identify your special requirements and draw up plans exclusively for you. We pay promptly all covered claims in a just and fair manner.

Nitol Insurance Company Limited (NICL) is a Non-Life Insurance Company incorporated in Bangladesh on October 04, 1999 as a Public Limited Company under the Companies Act, 1994. The company has been given registration by the Department of Insurance, Govt. of the People's Republic of Bangladesh to carry on insurance business in Bangladesh in respect of Motor, Marine, Fire and Miscellaneous with effect from November 18, 1999. Mr. A K M Monirul Hoque is the founder Chairman of NICL. The initial paid up capital of the company was Tk. 6 Crore. In the year 2005, the Company raised the capital to Tk. 9 Crore through IPO and listed with Dhaka Stock Exchange Limited (DSE) and Chittagong Stock Exchange Limited (CSE). Now the paid-up capital stands to Tk. 40,20,76,390/.

Nitol Insurance Company Limited combined its 26 branches under the umbrella through real time online branch network with integrated insurance software.

The Company has been rated 'AA+' (Double A Plus). The above gradation was done in consideration of its experienced management team, good financial performance, sound solvency, good liquidity position, quick claims settlement and sound IT platform etc.

We are dedicated to developing a long-term relationship with our clients by providing them outstanding services. We are providing comprehensive insurance solutions to our clients since beginning.

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1,94,900+

Happy clients

24+

Years of experience

26

Branches

Our Mission and Vision

Our vision

Our vision

Our vision is the Apex of Success. We have to reach to that goal by our modern thinking, hard labour, time-worthy decision, modernization & digitalization, sincerity and unparalleled services. We are committed to our slogan: Your Security is our Responsibility.

Our vision

Our mission

  • To provide the financial security to our clients, with utmost good faith, sincerity and dedications.
  • To provide service to the insuring community, according to their need and expectation.
  • To conduct business fairly, honestly and with transparency.

Financial Security

Financial Security

Insurance provides the peace of mind and financial security.

Risk Mitigation

Risk Mitigation

Insurance solutions enable to mitigate risks associated with various aspect of your valuable assets.

Opportunity Maximisation

Opportunity Maximisation

By minimizing the potential financial impact of unforeseen events, insurance empowers.