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WHY NIIL INSURANCE IS THE BEST

Northern Islami Insurance Ltd. is one of the leading general insurance company in Bangladesh.

The Company was incorporated on April 8, 1996 as public limited company under the companies act 1994 and licensed under Insurance Act, 1938 in order to run all types of general insurance business other than life insurance business. It obtained certificate of commencement of business on April 8, 1996 with an authorized and paid up capital of capital of Tk. 2500 million and Tk. 60 million respectively. It got registered with the Department of Insurance on 25 May 1996 with the prime maxim “A key to Protection”.

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Trusted over 10 lakh people

The name that people trust

Direct Claim Settlement

Direct Claim Settlement without intervention of TPA

Best Support

Comprehensive Support through our dedicated team

Easy Claim

Easy claim procedures with no hassle

Save Your Money

Instant Online Policy

Online Query

Instant Online Insurance

OUR TOP MANAGEMENT

Mr. Abdul Matin

Chairman

Mr. Chowdhury Golam Faruk

Deputy Managing Director

Mr. Waliullah Sikder

Vice President

Mr. Abdul Haque FCA

Managing Director & CEO

Mr. Golam Haider Chowdhury

Assistant Managing Director

Mr. Md. Saifur Rahman

Vice President

Mr. Sujit Kumar Dey,FCA

Deputy Managing Director & CFO

Mr. Md. Aminul Islam

Sr. Vice President

Mrs. Fazilatun Nesa Rimi

Senior Assistant Vice President

Mr. M.H. Galib

Company Secretary

Tofayel Ahmed Bhuyia

Vice President and Head of ICT
467

Claims Done

100000

Happy Customers

51923

Cars Insured

41

In-House Agents

FAQ’s

Property Damage All Risk Insurance

The property damage all risk insurance covers accidental loss or destruction of or damage to the Property Insured under the defined perils. The words “Defined Peril” shall mean Fire, Lightning, Riot & Strike, Explosion, Malicious Damage, Earthquake, Flood, Cyclone & Electrical Short Circuit (Electrical Clause “B”) and Burglary.

Industrial All Risk Insurance

To qualify for IAR insurance the minimum sum insured should be Taka 500,000,000 and above. The IAR insurance policy covers:
Material damage
All risks/perils other than a few perils excluded specifically in the policy wording.
Business Interruption for a certain period of time (Optional).

  • Machinery Insurance (Machinery Breakdown)
  • Deterioration of Stock (DOS)
  • Boiler and Pressure Vessel (BPV)
  • Electronic Equipment Insurance (EEI)
  • Erection All Risks (EAR)
  • Contractor”s All Risks (CAR)
  • Work Plant (WP)
  • Oil & Gas Well Drilling Equipment Package (OGD)
  • Contractors Plan & Machinery (CPM)
  • Hotel Owners All Risks (HOAR)
Marine Cargo Insurance transit by Steamer or Powered Vessel
Marine Cargo Insurance transit by Rail/Lorry/Truck
Marine Cargo Insurance transit by Inland Rail or Road
Marine Cargo Insurance transit by Inland Cargoes (water borne)
Marine Cargo Insurance transit by Air Cargo
A. Private Vehicles:
The vehicles which are under private Registration and used for private purposes and not used for hire or reward, shall come under the scope of the Private Vehicles. The vehicles are classed on the basis of the registration and the purposes of use but not on the basis of the design or type.
No of Years without claim Vehicle
Comprehensive Act Liability
1st Year 30% 10%
2nd Year 40% 20%
3rd Year 50% 25%

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