NIB INSURANCE COMPANY S.C.


Phone +251 11 5528195/96/
Phone 2 +251 11 5535129/30/31/32
Phone 3 +251 115543705/0115520475/ 0115527581
Fax +251 11 5528193
Mobile +251 911 624772
Kebele 20
House Number 206/207
LocationDembel City Center, 2nd & 11th floorDembel City Center, 2nd & 11th floor, Addis Ababa, Ethiopia
Primary CategoryInsurance
NIB INSURANCE COMPANY S.C.

Nib Insurance Company (NIC) is an Ethiopian insurance company engaged in providing different insurance services such as Motor Insurance, Property Insurance, Marine Insurance, Enginering Insurance, Legal Liability Insurance, Pecuniary Insurance, Travel Health Insurance for Europans and Shengen states and Life Insurance services in Ethiopia.

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.

NIB Logo1

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


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