With a Good (B++) financial strength rating from A.M Best Co., and an international quality rating of ISO 9001:2008 from BSI, National Life & General has been providing financial security and peace of mind to its satisfied customers with a comprehensive range of Life & General Insurance Products. A.M Best's Financial Strength Rating is an independent opinion of an insurer's financial strength and ability to meet its ongoing insurance policy and contract obligations. The rating is based on a comprehensive quantitative and qualitative evaluation of a company's balance sheet strength, operating performance and business profile. B++ Good Rating is assigned to companies that have, in A.M Best's opinion, a good ability to meet their ongoing insurance obligations.
Its ability to focus on local needs and deliver solutions appropriate to this need has today made NLG the Sultanate's market leader in the Life Insurance Industry and is also setting its standards in General Insurance Industry.
National Life & General Insurance Company SAOC (NLG) is a subsidiary (97.93%) of Oman International Development and Investment Company SAOG (www.ominvest.net). The residual shares are held by Bank Muscat SAOG (2.06%) and others.
NLG is registered with the Ministry of Commerce and Industry (MOCI), Oman, as a Closely held Joint Stock Company as per The Commercial Companies Law 1974. Further NLG is licensed to do Life and General Insurance business under The Insurance Companies Law.