Minister for Commerce appreciates NICL performance

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Federal Minister for Commerce and Investment Syed Naveed Qamar on Saturday visited National Insurance Company Limited to review its opera-tional and financial matters.

The Minister was briefed by NICL Chief Executive Officer Khalid Hameed on the company’s opera-tions, initiatives on its policy, restructuring and revenue generation sides besides various projects in pipeline.

He said NICL was engaged in two categories of insurance—-direct insurance and re-insure. In addition to long list of insurance classes, the company was working on proving medical insur-ance cover.

He informed that the company had Rs 52 billion investment portfolios, however the company would have to operate within its limited capacity.

The company was prepared to enter partnership with private sector in certain areas of insurance.

“We have adopted all safe means to protect our investments made in different modes,” he added. —APP

 

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