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STUDENT PERSONAL ACCIDENT INSURANCE POLICY

The policy provides monetary payments in the event of bodily injury sustained by the student. It covers injury caused by violent, accidental, external and visible means subject to the option selected by the insured student. This is purely for students in the course of their learning period.


The policy is on stated benefits as per options listed below:

  • Option 1-benefit limit cover of K5,000.00 for early learners (Pre-Grade and
    Primary)

  • Option 2-benefit limit cover of K10,000.00 for Secondary and Tertiary Institutions.

It offers compensation to students following:

  • Death

  • Permanent total disability

  • Medical expenses

Personal Accident Insurance Policy

The policy provides monetary payments in the event of bodily injury sustained by the insured. It covers injury caused by violent, accidental, external and visible means subject to the option selected by the insured.

Why Personal Accident Insurance?

Personal accident insurance provides an economical way for employees to prepare for the unexpected. It is also an easy way for employers to add value to their benefits packages, to help attract and retain talented employees.


Other Benefits Include:

  • Bereavement

  • Children’s additional indemnity for dismemberment and paralysis

  • Dislocations / Fractures

  • Medical Expenses

  • Felonious Assault

  • Permanent Total Disability

At very affordable premiums, you can buy cover for one (1) year and enjoy a peace of mind.


For as little as K20 premium, one can buy cover for their children at Pre-grade and primary
level. K30 for children at secondary and tertiary levels for 1 year accordingly.

NICO Insurance Zambia Limited commenced operations on the 1st of October 1997 as a short term insurer. At the time, the company was wholly owned by NICO Holdings, a financial services company, listed on the Malawi Stock Exchange.

In 2013, Sanlam Emerging Markets (SEM) bought 49% of the business. Among other contributions, SEM brought technical support derived from its presence and experience in 34 Countries in Africa and other regions such as Malaysia and India.

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