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Times of Oman 3/April/2013


Times of Oman 10/April/2013

National Life & General Insurance Co SAOC – The Total Insurance Solution Provider in the Sultanate of Oman has won a ‘Silver award’ for the 4th consecutive year in the category of Banking & Finance at the Oman Web Awards 2008. The scintillating awards ceremony was held at Hotel Al Bustan Palace on February 28, 2009, under the auspices of Information Technology Authority and the award for on behalf of National Life & General was received by Mr. Balaji .V, IT Manager.

National Life’s website has been receiving awards in this category every year since the inception of this award in the year 2005. Oman Web Awards are awarded to websites showcasing excellent web designs and development. The competition invites participation from all designers and developers with the initiative to promote the spirit of innovation and creativity, to raise the standards of web design and website services, to promote intellectual property awareness and encourage all sectors to become actively involved in the digital economy.

Commenting about winning the award for the 4th consecutive year, General Manager of National Life & General Insurance Company, Mr. S. Venkatachalam, said: “This award adds to the sustained recognition of the service standards we maintain through the use of technology and we thank our customers, our associates and the organizers & jury members of Oman Web Awards for their constant encouragement that has facilitated immense recognition for the 4th time in a row. We use technology wherever possible to boost our service standards as we believe it is one of the most convenient and safe medium for customer access.

The National Life & General Insurance website www.nlicgulf.com is bi-lingual, provides complete information to customers on their range of products and services. The website is robust but very user friendly and has always attracted a lot of customers interested in buying Insurance products.

National Life has got license for General Insurance business in December 2006. The name of the company has been changed affirmed the financial strength rating of B+ (Very Good) and the issuer credit rating (ICR) of "bbb-" of National Life & General Insurance Company SAOC (NLGIC) (Oman). The outlook for both ratings is stable.

With the expansion, the company has become a composite insurer providing insurance cover in all gamut of Insurance including Life, Motor, Marine Hull, Marine Cargo, Engineering, Contractors all Risk, Fire, Liabilities etc.

National Life has launched an innovative life insurance product at lowest possible price to cover risk on life, disability along with medical benefits (arrangement of Medical treatment for sickness) and host of other benefits.

A buyer of this policy will get a "Life Card" (a photo identity card) which shall entitle the person for the following benefits:

  • A. Life & Disability Insurance (Period 1 year, Price: RO 21.300)
    This cover includes the benefits Death by any Cause, Additional Accidental Death Benefit, Medical expenses due to accidents, Permanent Total Disability due to accidents, Repatriation on death / Permanent Total Disability, Weekly Compensation for Temporary Total Disability due to accidents.
  • B. Medical Treatment for Sickness (Period 1 year, Price: RO 14.000)
    In addition to the benefits stated above, the Life Card holder will be eligible for the medical treatment on sickness which, inlcudes basic medical treatment for cough, cold, fever and various tests such as ECG, blood test etc. The medical treatment shall be extended for multiple visits during the one year period, up to a maximum medical expense of RO 50/-. This facility is provided by Al Hayat Polyclinic and the rates and medicines have been agreed with the clinic.
  • C. Discounts by various Shops & Companies (with no additional cost on Life Card purchases)
    In addition to this, the Life Card holder will be eligible for the various discounts offered by various shops and companies in Oman. For example, Indian Airlines offers 5 Kgs extra baggage, Sky Jewellery offers 10% discount, Khimji Mart offers 3% discount etc. on various purchases.
    The total cost of the product is incredibly low at RO 35.300 (RO 21.300 + RO 14.000).

National Life's (this) website has been awarded the prestigious Bronze Trophy in Pan Arab Web Awards 2006 under the category Health Services. The bronze trophy was the second award for this website, after it won the Silver Trophy for Banks & Financial Institutions category at the Oman Web Awards 2005.

Pan Arab Web Awards, was created to recognise the excellence in web design and development skills. It is open for all to participate as the event is aimed at bringing together companies from all over the arab region in a competition for the best website in each of the designated categories. The objective of the competition was to promote the spirit of innovation among creative people in the related field, promote intellectual property awareness, raise the stands of a arab web design and websites, encourage all sectors to become involved in the digital economy.

The awards were presented at a glittering ceremony at Hotel Grand Hyatt, Amman, Jordan on the 27th of April 2006. The event was conducted under the patronage of League of Arab States and Ministry of Information & Communications Technology - Jordan.

National Life's (this) website has been awarded the prestigious Silver Trophy in Oman Web Awards 2005 under the category Banks & Financial Institutions. Oman Web Awards 2005 is Oman's 1st web designing competition to recognize creativity and excellence and is aimed at bringing national and international recognition for talents and achievements of the Omani web community.

Oman Web Awards 2005, was organized by Darran LLc and advanced Business Solutions in strategic partnership with Omantel. The contest was conducted under 16 categories, including banks & financial institutions, corporates, directories & info services, entertainment, fashion, governmental organisations, industries, media and press, non-governmental organizations, personal, real estate, services, software & telecommunication, students, travel & tourism and transportation. In every category, three best websites were awarded gold, silver and bronze trophies.

The awards were presented at a glittering ceremony at Al Bustan Palace Hotel on Friday, December 30, 2005, presided over by Mr. Mohammed bin Nasser Al Khusaibi, Secretary-General at the Ministry of National Economy.

A.M. Best Co. has assigned a financial strength rating of B+ (Very Good) and an issuer credit rating (ICR) of "bbb-" to National Life Insurance Company SAOC (NLIC) (Oman). The outlook for both ratings is stable.

The ratings reflect NLIC's established share of its domestic market and strong risk-adjusted capitalisation.

A.M. Best expects NLIC to maintain its very good business position in Oman as the leading life insurer. NLIC provides group life creditor busines, life assurance, investment and medical protection products.

A.M. Best believes NLIC's risk-adjusted capitalisation is strong relative to its size and that capital and surplus will likely be sufficient to absorb an anticipated 50% increase in net written premium in 2005, mainly from large group medical protection business. The absolute amount of capital and surplus is small, however, when compared to other life companies.

A.M. Best Co., established in 1899, is the world's oldest and most authoritative insurance rating and information source.

National Life Insurance Company launches 'NatCare', a comprehensive Medical Insurance Product developed in association with Arab Insurance Group (ARIG), Bahrain, a premier reinsurance company:

Venue: Afrah Ball Room, Hotel Grand Hyatt, Muscat
Date: Sunday, December 11, 2005
Time: 7:00 pm
This inexpensive, Comprehensive Medical Plan offers:

  • Cost Effective Medical Plan, Cost Control Mechanism
  • High Quality Medicare
  • Wide Network of Clinics & Hospitals
  • Specialist Doctors and Specialty Hospitals
  • Professional Expertise in handling corporate
  • Hassle Free Administration
  • Direct Billing facility
  • Hot Line for Easy, Instant Administration
  • In-house Doctor for Network Management
  • Overseas Tie-ups
  • Cost of Transport for Treatment Abroad
  • SOS International Medical Assistance Services

Call our consultants Ms. Waheeda / Mr. Sameer on 24793666 for a FREE consultation today.
See also Group Medical Insurance Product Details

Is this the kind of money you are dreaming of earning per month?

If yes, then realize your dream by taking the golden opportunity provided by National Life to earn this additional income during your spare time now.
Call (968) 24790920 to fix an appointment with our Sales Manager for a detailed discussion.

We at National Life Insurance Company are fully committed and confident to provide different range of quality services in insurance sector for the satisfaction of our esteemed customers. We believe in building long-term relationship with our customers, employees and associates. We take bold strides into the future for continual improvement in quality management system with the strength of their combined support. We are also committed to provide secure, healthy and safe environment.

See also ISO 9001:2000 quality rating

National Life, the pioneer and a leading provider of life insurance products in the Sultanate of Oman has tied up with Bank Muscat, the leading bank in the Sultanate, to offer feature rich Bancassurance products starting the 26th of September 2004. The channel brings a new aspect of ease to the customers of the bank. The team of professionally trained advisors placed in the various branches of the bank, helps customers to plan ahead for themselves, their families and their children. These plans, at the same time ensure that customers and their families are protected from the financial consequences of any mishaps that may occur in the future. The advisors also enable customers to develop a culture of saving for long-term financial goals. National Life is the first insurance company in the sultanate to offer insurance services through the bank.