Nib Insurance Company (NIC) was established by 658 shareholders with an authorized capital of Birr 50.0 million and a Paid-Up Capital of Birr 14.0 million in May 02, 2002 with 4 branches in Addis Ababa and a total staff size of not more than 50. Currently, the paid up capital has reached to Birr 250 million and the number of shareholders increased to 1,014. NIC provides both General (Non-Life) Insurance and Life Assurance Services to its clients.

The Company undertakes its operations through its Head Office, 40 branches and 1 Contact Office (For the General Insurance) and 1 Life Assurance branch. Twenty-Five of the branches are located in Addis Ababa. Currently, the number of employees working for NIC has reached to 416.

Our Company’s logo is a combination of two highly valued symbols.

• The Queen Honeybee in the logo symbolizes leadership in a teamwork which effectively leads in the production of its sweetest product, the honey.
• The Umbrella, which is of a traditional Ethiopian variety, symbolizes protection from heavy rain and sun burn.
• Together the Queen Honeybee and its Umbrella symbolize our Company’s provision of cover against risks on life and property through efficient and quality service

Our Vision

“To be a first class insurance company preferred by stakeholders for its quality and diversified service”

Our Mission

“To provide reliable and quality Insurance service and maximize shareholder’s value and support the overall growth of the Country.”

Our Values

• Transparency and accountability in the provision of service, information and also in decision making
• Respect & honesty in dealing with stakeholders
• Integrity at work at all levels
• Trustworthy and dependable partner to all customers
• Socially responsible
• Preferred by customers for its loyalty and commitment in serving them
• Avoid discrimination of any sort Our Motto Your intelligent choice

Our Motto

Your intelligent choice!

Reinsurance

The company has reinsurance arrangements with internationally renowned and financially strong Reinsurance Companies.
Investments

• Currently undergoing preparatory works to build Head Quarter building on a prime location on the Bole Road near Mega Building.
• A multi -purpose store Building and Recovery yard in Addis Ababa, Akaki-Kality Sub-City
• A multipurpose building at Dire Dawa City.

Share Investment

• A 86.8 million share investment in Nib International Bank
• 8.4 million investment in Jemar Hulegeb Industries
• 4.8 million share investment in Agar Micro Finance
• 25 million ( paid share) in Ethiopian Re-Insurance Company
• 1000 share in Tri Bankers ATM

Our Products

Nib Insurance Company S.C. provides Non-Life (General) Insurance and Life Assurance service to the public which include:-

1. General (Non-Life) Insurance Products

1.1 Property Insurance

• • • Motor Insurance
    • Fire Insurance
    • Burglary and House Breaking Insurance
    • Plate Glass Insurance
    • Marine Cargo Insurance
    • Goods in transit
    • “ALL RISK” Insurance

1.2 Engineering Insurance

• • • Contactors “ALL RISK” Insurance (CAR)
    • Erection all risk insurance
    • Contractors plant and machinery
    • Machinery Breakdown Insurance
    • Machinery Breakdown Insurance
    • Electronic Equipment Insurance (EEI)
    • Boiler and Pressure Vessel Insurance Policy

1.3 Liability Insurance

• • • Public Liability Insurance
    • Professional indemnity Insurance
    • Product Liability Insurance
    • Carrier Legal Liability Policy
    • Workmen Compensation
    • Business Interruption Insurance

1.4 Pecuniary Insurance

• • • • Bonds
      • Fidelity Guarantee Insurance Policy
      • Money Insurance

1.5 Group/Personal Accident Insurance(GPA/PA)

2. Life Assurance Products

• • 2.1 Group Term Assurance
  • 2.2 Individual Term Assurance
  • 2.3 Whole Life Assurance
  • 2.4 Mortgage Protection Insurance (MPI)
  • 2.5 Endowment Assurance (With or Without Profit)
  • 2.6 Educational Endowment Policy (With profits)
  • 2.7 Medical Expense Insurance
  • 2.8 Travel Health Insurance
  • 2.9 Riders
    • Accidental Death benefit ( ADB)
    • Accidental Death and Dismemberment Benefits ( AD&D)
    • Comprehensive Accidental Insurance Benefits (CAI)
    • Waiver of Premium Benefits (WOP)
    • Funeral Expenses Cover
    • Terminal illness/Dread Disease Cover

Service Outlets Address

29

Arada Contact office

0111-703121

0913475915

011-1703121

Addis Ababa Branches

Sr.No	A.A Branch	Telephone Number
		Direct	Mobile	Fax No.
1	Main	011 5505822 011 5530603	0911 237626	011 5530578
2	Bole	011 6616050	0911 625305	011 6616051
3	Genet	011 5151547	0911 457699	011 5525291
4	Ledeta	011 5535117	0912 690716	011 5535137
5	Megenagna	011 6621050	0911 419924	011 6635626
6	Nifas Silk	011 4430253 011 8400169	0912 158627	011 4430232
7	Piazza	011 1577813 011 8101435	0911 237625	011 1577814
8	Tana	011-6541885/86 011 2789308	0911 028114	011 2773611
9	Tiret	011 2139999 011 2136886	0911 353189	011 2135555
10	Urael	011 5158711 011 8500533	0911 532905	011 5158712
11	Gotera	011 4664023	0911 771314	011 4664127
12	Addis Ketema	0112758181/82	0911 124618	011 2758182
13	Ras	011 5536765 011 5541428	0911 250617	011 5536549
14	Lebu	011 4199663	0913 697199	011 4199662
15	Gurdshola	011 6464854	0918 776647	011 6478255
16	Meshualkya	0114 704340/10 011 4704333	0912 486507	011 4704333
17	Gerji	011 6292607 011 6292806	0911 601761	011 6292821
18	Kera	011 4170741 011 4707938	0913 566524	011 4707931
19	Tele Medhanealem	011 6672965	0924 132652 0913 209054	011 6672855
20	Ayer Tena	011 3693451/56	0911 161320	0911 161320
12	Arat Kilo	011 1263229/46	0913 731689	011 1263149
22	Bisrate Gebriel	011 3690521/ 690715	0911 614541	011 3692525
23	Kaliti	011 4715780	0913 423432	011 4715264
24	24 Akababi	0116 671028	0913 603986	011 6671027
26	Sefereselam	0112 733866	0912 762766	011 2733895
27	D’Afrique	0115 323034	0911 151904	011 5323148
28	Semen Addis	–	0910 457465	–

Out Line Branches

Sr.No	Outline Branches	Telephone Number
		Direct	Mobile	Fax No.
1	Adama	0221 115354	0913 660945	022-1115355
2	Awassa	0462 211109	0911 471876	046 2211110
3	Dire Dawa	0251 121128	0915 731659	025 1123762
4	Gonder	0581 115223 0581 112258	0918 712792	0583 119179
5	Mekele	0344 400529	0914 720069 0914 708858	0344 400522
6	Dessie	0331 111166	0913 638111	0331 111162
7	Bahirdar	0582 264639/41	0918 776647	0582 264639
8	Jimma	0471 122232	0917 800007	0471 122233
9	Hossaena	0461 780230	0910 288021	0461 780231
10	Modjo	0222 362021 0222 361808	0938 607200	0222 361808
11	Debrebrehan	0116 375868	0965 472762	0116 376270
12	Alemgena	0113 679505	0911 708672	0113 679979
13	Wolkite	0113 659945	0910 211112	0113 659823