Founded in 1969 as a wholly-owned government corporation to underwrite its assets and parastatals, NICON was privatized in the wake of the Federal Government's privatization programme with Assurance Acquisition Nigeria Limited
emerging new majority shareholder with 70% equity. The company has over 57 branches, the largest by any insurance company in Africa and controls 40 per cent of the insurance market in Nigeria.
 

Motor Department of NICON underwrites three classes of Motor business namely:
- Private
- Commercial
- Own Goods
- Buses
- Special types
- Motor Cycles
Types of cover for each of the above are as follows more >>

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LIFE AND PENSIONS BUSINESS
NICONLife and Pensions commenced in October 1972. Apart from the traditional role of Life offices in granting:
  • Free medical examination and counseling to proposers for Life Insurance
  • Survival and death benefits to individual and group insured more >>

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GENERAL ACCIDENT
The General Accident business deals with property and liability Insurance. The department indemnifies the Insured against accidents resulting into injuries or death. Policies underwritten by us are:
- Personal/Group Personal Accident
- Employer’s Liability
- Public Liability .. more >>
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FIRE
Fire business falls into four different types of policies:
Fire & Special Perils – this covers (Building, Plant/Machinery, Office Furniture, Stock, Rent, Household goods and personal effects) insured against destruction or damage by fire, lighting and explosion. On payment of additional premium the policy could be extended to cover special perils. more >>

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VISION
To be a major player in world insurance business noted for high quality products and services.

MISSION STATEMENT
To underwrite all risks profitably to the benefit of all our stakeholders.
 
Nicon Insurance
now offers you a new and unique way of processing various insurance products and services online. This means you can download, purchase an insurance product online by simply filling the online proposal.
Investment Digest

Dear Readers, Please Download the PDF version of 12th edition of your indispensable Investment Digest. We hope you will savour the information therein and digest accordingly.

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