NIC urged to spread wings beyond boarders

DAR ES SALAAM: The National Insurance Corporation (NIC) has been called upon to expand its operations beyond Tanzania’s boarders to remain competitive in the market.

During the Annual General Meeting on Wednesday the representative from the Treasury Registrar’s Office, Mr Aidan Makala emphasized the importance of broadening NIC’s customer base, not just within the public sector but also among private organizations.

“As a national corporation, NIC should not limit itself to working solely with the government. We must ensure we increase our customer base to reach a broader range, including both public service employees and private sector organizations,” the representative said.

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On his part, the NIC’s Board Chairperson, Justine Mwandu noted that company remains a key player in major government projects such as the Standard Gauge Railway (SGR), the Kilwa Port extension, and the construction of the Julius Nyerere Hydropower Project (JNHPP).

The Corporation is also committed to improving its product offerings, especially those that directly impact citizens, such as agricultural insurance products.