Building A Better Life with NLG, Your Trusted Insurance Partner
Who We Are?
- First and the Largest Composite Insurance Company in Oman (No.1 by Gross Written Premium).
- Strong network of branches and intermediary brokers and agencies with around 190+ combined touch point for policy sales and servicing in Oman.
- Dedicated, professional employees, well trained in the insurance domain.
- Regional presence in UAE(Dubai, Abu Dhabi) and Kuwait.
- A Dominant Player in Health Insurance with high market share.
- Won various awards and accolades for Business, Quality like The Bizz Awards, Best Life Insurance Company by World Finance, Finance Awards 2015 to name a few.
- Bancassurance tie up with leading bank in Oman to offer Insurance to their customers.
- Strong Tie up with Worlds leading Reinsurers.
- Well equipped with latest technologies and systems.
Financial Strength & Quality
- Total Assets of RO 188 Million.
- Excellent (A-) financial strength rating from A.M Best Co.
- Strong Tie up with Worlds leading Reinsurers.
With a Excellent (A-) financial strength rating from A.M Best Co., National Life & General Insurance Company has been providing financial security and peace of mind to its satisfied customers with a comprehensive range of Life & General Insurance Products. A.M Best’s Financial Strength Rating is an independent opinion of an insurer’s financial strength and ability to meet its ongoing insurance policy and contract obligations. The rating is based on a comprehensive quantitative and qualitative evaluation of a company’s balance sheet strength, operating performance and business profile. A- Excellent Rating is assigned to companies that have, in A.M Best’s opinion, a good ability to meet their ongoing insurance obligations.
Its ability to focus on local needs and deliver solutions appropriate to this need has today made NLGIC the Sultanate’s market leader in the Life Insurance Industry and is also setting its standards in General Insurance Industry.
Our Core Strength
Company Parentage
National Life & General Insurance Company SAOG (NLGIC) is a subsidiary of Oman International Development and Investment Company SAOG (www.ominvest.net).
NLGIC is registered with the Ministry of Commerce and Industry (MOCI), Oman, as a Public Joint Stock Company as per The Commercial Companies Law 1974. Further NLGIC is licensed to do Life and General Insurance business under The Insurance Companies Law.
Our Vision
To make our customers feel protected.
Our Mission
To consistently provide the right insurance solutions with exceptional customer service.
Our Purpose
To help prepare and support people for the unexpected events in life.
Our Organisation Values
Our Strength
Core Operational Strength
Market Leader in health insurance in Oman with a market share of over 65%.
Wide network of 190 Sales/Service touch points.
Dedicated and professional employees.
Increasing regional presence – Abu Dhabi, Dubai and Kuwait.
Bancassurance Tie-ups with leading Bank.
Strong Re-insurers support.
State of the Art Technology for Business Operations.
Wide Network Coverage
Large Customer Base
Best Underwriting / Claims Practice
Strong Asset Base
Financial Rating
Awards & Accolades
Financial Strength & Quality
Strong assets base.
A- (Excellent) Financial Strength Rating by A.M.Best Company.
Won various awards and accolades for Business and Quality.
Subsidiary of OMINVEST
30+ Years of Consistent Performance
Largest Investment Company
Strong Parentage
NLGIC is a subsidiary of Oman International Development and Investment Company SAOG (OMINVEST).
OMINVEST established in 1983, It is one of the oldest and largest investment company in the Middle East.
OMINVEST has more than 30 years of successful business operations in the region.
Strategic Outlook
Continue to work towards being a leader in medical insurance in GCC.
Obtain participating insurer license in UAE.
Acquired in-house claims processing through acquisition of a TPA in UAE.
Expand across GCC and other potential countries through branch network or associate business models.
Business Growth in Existing Markets
Cost Effective Solutions
GCC and Other Potential Countries