National Insurance Corporation (NIC) in Tanzania: licensed companies, claims and complaints
National Insurance Corporation (NIC) companies licensed in Tanzania
| Company | Licensed as |
|---|---|
| National Insurance Corporation of Tanzania Limited | Insurance companies and takaful operators |
Source: Tanzania Insurance Regulatory Authority, TIRA register of licensed entities (active entries on 23 September 2026). Names are reproduced as the regulator lists them. A licence is not a rating: it means the company may sell insurance in Tanzania.
National Insurance Corporation (NIC) in Tanzania: the regulator's figures (2024)
| Company | Premium (TZS million) | Motor | Claims ratio | Profit after tax | Complaints |
|---|---|---|---|---|---|
| National Insurance Corporation of Tanzania | 120,663 | 21,603 | — | 28,883 | 26 |
| NIC Life (National Insurance Corporation) | 14,780 | — | 99.2% | -9,562 | — |
Source: TIRA — Annual Insurance Market Performance Report 2024 (Appendices 3A, 3B, 8A, 10; Table 6.2; Chart 3.17). Compare with any other insurer: compare two insurers in Tanzania · largest insurers.
Before you buy from National Insurance Corporation (NIC) in Tanzania
- Check that the policy is issued by one of the companies above — the licensed entity, not only the brand.
- For motor cover, verify a cover note or the company itself on TIRAMIS.
- Ask for the schedule and the exclusions in writing, and compare them with at least one other insurer.
- Keep in mind the claim rule that applies to every insurer: the insurer must pay within 45 days of the signed discharge, extendable once by 45 days (Insurance Act s.131).
- If something goes wrong, complain to the insurer, then to the Tanzania Insurance Ombudsman (disputes up to TZS 40 million).
The rules above come from our guides: check a cover, licensed insurers and how to complain.
Tulinde is independent and not affiliated with National Insurance Corporation (NIC). Brand names belong to their owners.
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Frequently asked questions
Is National Insurance Corporation (NIC) licensed in Tanzania?
Yes. 1 National Insurance Corporation (NIC) company appears on the TIRA list (active entries on 23 September 2026): National Insurance Corporation of Tanzania Limited.
How do I complain about National Insurance Corporation (NIC) in Tanzania?
Write to National Insurance Corporation (NIC) first; if it does not settle, complain to the insurer, then to the Tanzania Insurance Ombudsman (disputes up to TZS 40 million).
How long does National Insurance Corporation (NIC) have to pay a claim in Tanzania?
The same rule applies to every insurer in Tanzania: the insurer must pay within 45 days of the signed discharge, extendable once by 45 days (Insurance Act s.131).