National Development Bank Insurance Agency (NDBIA) is established as a fully owned subsidiary of National Development Bank. The Agency was incorporated under the Companies Intellectual Property Authority CIPA) and duly licenced by The Non-Bank Financial Institutions Regulatory Authority (NBFIRA) on the 29 November 2021.The Agency was launched on the 22 of March 2022 as the first ever insurance Agency within the Development Finance space in the country.
The Agency strives to grow its impact within the local market through provision of differentiated and financially inclusive products.

The mandate of the Agency is therefore to provide insurance intermediary services for new and existing undertakings falling under the following covers:

• Life covers and Funeral Insurance
• Investment and Retirement Policies
• Fire and Allied Perils
• Workmen Compensation
• Business All Risk
• Computer/Electronic equipment
• Goods in Transit
• Group Life Assurance
• Public Liability
• Motor Insurance
• Business Interruption
• Engineering /Specialized covers
• Agricultural Insurance
   

Vision

To be transformational financial protection service provider ensuring customer’s peace of mind

Mission

We provide a suite of insurance solutions that integrate convenience and financial security for customers through partnerships.

Corporate Values

• Teamwork 
• Entrepreneurship
• Accountability
• My Customer Orientation

NDB Insurance Products 

• Life covers and Funeral Insurance Booklet
• Agricultural Insurance Booklet