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NIC Life Assurance Company Limited logo

NIC Life Assurance Company Limited

Overall Rating:
4/5

NIC Life Assurance Company Limited is a licensed life insurance provider and a wholly-owned subsidiary of NIC Holdings Limited.

Established1964
HeadquartersKampala, Uganda

Key Strengths

Long-standing presence in the Ugandan market since 1964
Strong financial stability
Innovative life insurance solutions
Customer-centric approach
Comprehensive financial planning services
Contact Information
+256 417 119 947
nic@nic.co.ug
www.nic.co.ug
Plot 3 Pilkington Road, P.O. Box 7134, Kampala
Why Choose NIC Life Assurance Company Limited?
Key benefits for policyholders
  • Established reputation with over 59 years of experience
  • Wide network with 6 branches across Uganda
  • Diverse product portfolio with 3 specialized insurance solutions
  • Customer-centric approach with simplified claim processes
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Insurance Products

Term Life Insurance
Pure life coverage for a specified term with affordable premiums.
Coverage:Up to UGX 500 million
Premium:From UGX 50,000 per month

Benefits

  • Death benefit
  • Terminal illness benefit
  • Accidental death benefit
  • Flexible coverage period
  • No investment component
View Details
Retirement Plan
Long-term savings plan designed to provide income during retirement years.
Coverage:Based on contribution and investment returns
Premium:From UGX 100,000 per month

Benefits

  • Regular income after retirement
  • Tax-efficient savings
  • Life coverage during accumulation phase
  • Flexible contribution options
  • Investment returns
View Details

How to Make a Claim with NIC Life Assurance Company Limited

Claim Process

  1. Contact NIC Life Assurance Company Limited immediately after the incident
  2. Fill out the claim form (available online or at branches)
  3. Submit required documentation as per your policy type
  4. Claim assessment by the company
  5. Claim settlement upon approval

For emergency assistance, call +256 417 119 947

Required Documents

  • Completed claim form
  • Policy document
  • Identity proof
  • For health claims: Medical reports and bills
  • For motor claims: Police abstract, driver's license
  • For property claims: List of damaged items, photos
  • For life claims: Death certificate, beneficiary details