NITOL Insurance Company Limited is a public limited general insurance company incorporated in October 1999 with authorized share capital of Tk. 500 Million and paid up capital of Tk. 60 Million. Later it got listed in DSE and CSE during the year 2005 and its shares were traded on both the stock exchanges. Since its inception the success mantra for the company was security which it make its punch line “Your Security is Our Responsibility”.
Along with security NITOL has given importance to speedy services with its strong and motivated team to its customers. Company’s vision reflects the management view of taking company to new heights by modern thinking, hard work and speedy decision without engaging itself in bureaucracy. It is company’s mission to conduct business fairly, honestly and with full transparency. Nitol Insurance Company is committed to provide the products based on clients need and to its satisfaction. It was working with 17 branches across the country till 2010.
Company has taken oath to:
• Follow faith and principles of insurance without any deviation
• Provide best services to its clients
• Protect and give best return to its investors
• Give good governance
• Adopt transparency in all its dealings
• Take care of employee welfare
Making commitment to self has increased the NITOL’s service and performance over years and has become more and more responsive company to its clients and employees.
Company was rated as “A” by CRISL (Credit Rating Information and Services Limited) which indicates good financial strength of the company. This rating has been done on the basis of sound and consistent fundamentals of the company such as high claim paying ability, satisfactory financial performance, sound solvency, experienced management team, good liquidity position, sound IT platform, systematic internal control procedure, reinsurance agreement with foreign re-insurer etc. This rating has enabled the company to push its product with more confidence and has generated more trust among its clients.
NITOL’s core strength revolves around six areas:
• Speedy claim processing system
• Expert and experienced management team
• Sound and systematic internal control system
• Good Financial Performance
• Enough liquidity
• Enough Solvency
NITOL Insurance Company Limited has product basket covering four major types of general insurances. These are:
• Fire Insurances: This product insures all type of fire risk to the property and machineries.
• Marine Cargo and Hull Insurances: This product insures all kind of marine risks and is a major product for the company.
• Motor Insurance: It provides all kinds of Motor certificates such as comprehensive and Act liability.
• Miscellaneous Insurance: This product insures risk such as personal accident, burglary, and cash in transit and cash in safe, aviation risk, and different types of engineering risks.
NITOL has an extremely bright future ahead looking to its value system and commitment to be responsible and responsive for its stakeholders and customers.
NITOL Insurance Company Limited enlisted in Dhaka Stock Exchange in 2005, it’s been rated as “A” category share under the insurance sector as on 11-01-2015
Contact Information of Nitol Insurance
Address: Nitol Centre (5th Floor), 71 Mohakhali C/A, Dhaka.
Contact Phone: 8857247-8 , 9853084, 9834321, 8853082-5
Web Address: www.nitolinsurance.com