National Insurance Corporation of Tanzania
Incorporated on 16th October 1963, NIC has provided assurance to its customers against uncertainties for over 60 years — through an agile and innovative approach.
Who We Are
The National Insurance Corporation Tanzania Ltd was first incorporated on 16th October, 1963 with the Government ownership of fifty one percent (51%) while forty-nine per cent (49%) was shared by Munich-Re, Swiss-Re and Colin Hood Insurance Brokers Limited. After the Arusha Declaration in February 1967, NIC was nationalized and became 100% owned by the Government and was the only insurance company in the country for about 30 years.
In 1996 the insurance industry was liberalized by the Insurance Act No. 18 of 1996, opening entry of private investors in the insurance sector. The legislation was later repealed by the Insurance Act No.10 of 2009, which brought in regulation of the insurance sector, through the Tanzania Insurance Regulatory Authority.
About Inbound Travel Insurance
Inbound Travel Insurance is a mandatory insurance cover requiring all foreign nationals entering Tanzania (Mainland) through air, land, or sea to obtain travel insurance provided by the National Insurance Corporation of Tanzania Limited (NIC). The cover is designed to protect visitors against unforeseen risks during their stay and to ensure access to essential emergency services, including coverage for emergency medical expenses arising from illness or accident, emergency medical evacuation to the nearest appropriate medical facility, and repatriation to the country of origin in cases of serious illness, injury, or death, in accordance with the terms and conditions of the policy and applicable laws and regulations.
Our Core Values
The principles that guide everything we do
We believe in working together to achieve our common goal through cooperating with each other, respecting each other's views, sharing knowledge and skills, and making our working environment conducive.
We encourage new ideas and creativity in improving how we deliver our services.
We are a customer centric organization. We believe in meeting our clients' expectations and needs by offering quality services.
We will treat all our customers with compassion while maintaining high moral standards, professionalism, accountability, trust, honesty, and transparency.
Our Mission, Vision
Driving excellence in insurance services across Tanzania
Our Mission
Is to provide assurance to customer against uncertainties, through agile and innovative approach.
Our Vision
Is to be the most trusted and sustainable insurance service provider.