The National Insurance Commission issued operational licences to the under listed Insurance Companies
The National Insurance Commission issued operational licences to the under listed Insurance Companies in line with Market Conduct & Business Practice Guidelines.
1. FBS Reinsurance Ltd - N10 Billion paid up share capital
2. Heirs Ins. Ltd (General) - N10 Billion paid up share capital
3. Heirs Life Assurance Ltd - N8 Billion paid up share capital
4. Stanbic IBTC Ins. Ltd (life) - N8 Billion paid up share capital
5. Enterprise Life Assurance Co. - N8 Billion paid up share capital
6. Salam Takaful - Statutory deposit paid
7. Cornerstone Takaful Ins. Co Ltd - Statutory deposit paid