Insurance is one of the core businesses of NICO Holdings Limited. NICO offers both General and Life Insurance through its subsidiary companies.

General Insurance is offered through a leading insurance company in Malawi, NICO General Insurance Company with about 45% of the market share.
The business has grown over the years and NICO is now offering general insurance in Zambia, Tanzania and Uganda.
Products being offered in general insurance include standard personal and commercial insurance covers.

Life Insurance is operated through NICO Life insurance company, which offers a wide range of both traditional and non-traditional life products ranging from annuities, pension schemes and funeral schemes.