National Insurance Company

A general company)   )

Profile*

The company was established under the law no.(56) in 1950 and the law of general companies no.(22) in 1997.

According to the requirements of the above mentioned law, it became a general company under incorporation certificate no.(54) in 24/12/1997 issued by Ministry of Trade /Companies Registration .

 Nature of the company's activity *

1) The company engages in all types of general insurance:

     - Marine Insurance includes (goods, ships, aviation).

     - Accidents & fire insurance.

     - Car insurance.

     - Agricultural insurance.

     - Engineering insurance.

     - life Insurance.

     - Reinsurance.

     - offering advice for each case related to insurance.

 2) Investing company's money in different aspects of investment like:

      Real estate investment, deposits, remittances and subscription by shares of companies and real estate lending .                               

*offices & branches of the company

The company is associated with (13) branches; eight are specialized branches and located in Baghdad, other five geographical branches are in (Baghdad, Basra, Nineveh, Babylon, and Kirkuk), and the branches are associated with (40) offices, three are specialized and other (37) are geographical offices, as well as the center of the company consists from nine supervisory departments.

Kinds of insurance documents*

 1) Marine insurance/ships, aviation, goods:

 - Goods insurance:

 It is the insurance on imported goods from supplier to importer warehouses according to insurance document, and there are many kinds of documents like:

* All risks (vessel, car, airplane, train): the insurance begins from loading the cargo and continues till it will be discharged in the warehouses of insured, and it includes all risks affects the cargo such as: robbery/fire/crash/overturn/shortage/ or any other similar accidents.

* The condition of car/train/plane: it includes losses resulted by fire, crash, overturn or bridges collapsing or any other similar accidents during cargo transferring.

* Internal transportation (from border): it includes losses resulted by overturn/ bridges collapsing/fire/crash /or any similar accidents.    

2) Fire & accidents insurance:

Fire is a catastrophic danger and causes huge damages when it's occurred, so, insurance co. provided a complete insurance protection according to the insurance document in order to compensate such damages on money, and it is possible to expand the coverage to include additional risks such as: floods, storms, exploding of water pipes, riot, strikes, mayhem, and most natural hazards.

     The compound document of (housing and family protection) covers damages     caused by fire, and providing protection for housing contents, and the document      of family protection has a wide covering other than compound   housing because it includes personal accidents inside home, lessor's   responsibility towards the owner, and transferring the properties within the   governorate according to the amount of document insurance.   

- Robbery insurance:

   It provides necessary protection for all money which is subjected to the  robbery totally or partially in the term of robbery which will be by force or using artificial keys or illegal entry to the insured home or place.

- Monetary insurance:

Cash among people is subjected to be stolen in a case it is kept in a steel locker or during its transferring from one place to another, but providing accurate accounting records, the insurance document will provide complete protection and compensation for the insured money.

- Comprehensive banking document:

This document is for business and activities of all kinds of banks and when danger occurred, it will lead to the loss in the bank.

- Glass panels insurance:

This kind provides a complete compensation for a break or a damage of glass panels.

- Comprehensive hotel document:

It is a widespread document and has (insurance coverings) to provides protection for all covered risks (fire, robbery, cash, glass, probity breach, and a civilian responsibility) and activating the priority for the hotels of first degree to obtain this document.

- Grants & loans document:

This kind provides the compensation of the remaining balance in loans in the case that lender refrains to pay on time after insurance valid.

- Responsibility insurance document:

There are kinds of responsibilities on the person committing the mistake towards others as the legal responsibility exists, and in order to compensate damaged person by the responsible for this, insurance co. shall have the role of providing the compensation to the damaged person according to agreed amount.

- Personal accidents document:

This document provides protection to persons from different accidental incidents which cause damage to human like: simple and serious injuries and death, and these documents could be individually and collectively.

- Probity insurance document:

Providing compensation for employer as a result of embezzlements by his workers whether the loss is cash or a cargo.

- Travel coupon document:

It is a document of rapid circulation personal incidents to provide protection for traveler from the date of leaving his home and during his traveling till his return back by any transportation vehicle.

 3) Car insurance document:

  It covers many risks which oblige the company (insurer) to compensate it, so     the insured can get all risks mentioned in the document or other many risks.

  and these risks are:

1. Fire

2. Robbery

3. Crash or overturn

4. Insurance of civilian responsibility (third party / money)

4) Document of Combined Agricultural Insurance:

It has many annexes like:

 * Annex of fire insurance and additional risks.

 * Annex of robbery insurance.   

 (And these two annexes include all stores of seeds, cooling stores, factories of machines & mills, silos, fields of poultry and Hatcheries, fodder factories and places of cows and massacres of poultry.

* Annex of Poultry insurance: it covers all diseases and accidents against   meat Embryos and eggs of eating and Hatching eggs.

  * Annex of livestock insurance: it covers all diseases and accidents for cows, calves and sheep.                                                               

  * annex of vegetarian production insurance: it includes danger of fire , thunderbolt, dryness in watery areas , heavy rains , cold, floods, storms, fallen materials from air , and agricultural pests which can not be controlled  by combating.  

5) Engineering Insurance document:

They are many documents specialized in insuring the projects of civil, electrical, mechanical, and chemical engineering from the beginning of its achievement till its final receiving, as well as it includes insurance of machines and productive/ motor equipments, and also including:

1. All risks of contractors.

2. All risks of setting.

3. Mechanical disrepair.

4. Boilers explosion.

     5. Electronics.

6) Life Insurance document:    

* It is an organized saving which aims to provide a certain amount of money during a certain period.

* Amount of insurance will be paid at the end of insurance period by adding a certain percentage of insurance amounts (about 10%).

* According to this kind of savings, the company insures to pay insurance amount to the insured family and who help them as beneficiaries in the document.

* you and your family need life insurance, so, National Insurance Co. helps you to get a better insurance for you and for your family in future.

* take the opportunity and be quick in contacting the company's branches and its spread offices in all our governorates and you will find assistance and excellent insurance service.

* National Insurance Co. offers you many kinds of life insurance which meet your needs and requirements such as:

1. Group insurance.

2. Mixed insurance.

3. Life insurance.

4. Combined insurance.

5. Coupons of Pension. 

7) Document of family protection insurance & its home:

 This insurance covers loss or damage of the contents of home, costs of its construction, personal accidents, and the civilian responsibility by the owner and others according to the insurance amount.