Chibisa House

19 Glyn Jones Road

PO Box 501

Blantyre, Malawi

+265-1-831 902

NICO Pension Services Company

NICO Pension Services Company is a pension services company that offers pension solutions in Malawi. Additionally, NICO Pension is a trusted pension administrators to a number of companies, organizations and statutory corporations in Malawi. The company is owned by NICO Life Insurance Company Limited, a leading provider of Group and Individual Life solutions. It offers various individual policies to individuals but also offers Group Life Assurance, Group Credit Covers, Group Mortgage Covers and Group Funeral Covers.

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NBS Bank plc

NICO Holdings Limited acquired a 74% stake in the then New Building Society when it was privatized in 2003. This has now been transformed into a fully fledged commercial bank and renamed NBS Bank Ltd. In line with NICO Holdings philosophy of diversifying shareholding in its subsidiaries, the bank was successfully listed on the Malawi Stock Exchange on the 25th of June 2007. NICO Holdings still remains the Banks majority shareholder with a now diluted 50.1%.

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NICO Technologies Limited

NICO Technologies Limited is a Malawian IT company that enjoys strong financial backing and an access to Professional Indemnity Insurance cover to ensure commitment to service delivery. It offers the following operating divisions’ software solutions and web solutions, system and communications solutions, card technology, consulting and surveillance systems. These divisions comprises highly trained and experienced personnel to serve customers requirements.

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NICO Life Insurance Company Limited

NICO Life Insurance Company Limited offers a wide range of both traditional and non-traditional innovative life products.

The product range covers a whole spectrum of individual and group business.

NICO Life Group Business products include: Deposit Administration; Managed Funds; Group Life Assurance; Group Mortgage; Group Credit; Group Funeral Policies and Annuities.

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NICO Insurance Zambia Limited

NICO Insurance Zambia Limited offers general insurance. Based in Zambia, it carries the NICO brand and insurance expertise in all non-life classes of insurance to both individuals and institutions.  

NICO Insurance Zambia has been strong and stable in providing protection and security through its quality products and service since its establishment in 1997. 


We write all non-life classes of Insurance.

The Group/s corporate strategy is to expand representation and operations in the COMESA region. Currently the Group has short-term insurance companies in four countries of Malawi, Tanzania, Uganda and Zambia.

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NICO Asset Managers Limited

NICO Asset Managers Limited is a specialist investment management and advisory firm, providing premier range of investment management, corporate finance, infrastructure development and investor services to institutions and individual investors.

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Eris Properties Malawi

Eris Property Group (Eris) is a fully integrated property development and services group which provides a range of commercial property skills in the South African and sub-Saharan African markets. Eris believes that the success of the company is dependent on its people, its reputation and capital. Eris strives to be market leaders in our industry by applying our core values such as professionalism, integrity, staff excellence, innovation and equity. We aim to add value to our clients as a multiple of our earnings.

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NICO General Insurance Company Limited


NICO General Insurance Company Limited was formed as a short-term division of the National Insurance Company Limited (now NICO Holdings plc), which was incorporated as a composite insurance company in 1970.


NICO General Insurance Company Limited is a subsidiary of NICO Holdings plc.


NICO General Insurance Company Limited is the leading short-term insurer in Malawi.
Security and peace of mind of clients is the top priority. NICO General provides a reliable and flexible claims service that is second to none on the Malawi insurance Malawi insurance market operating in all three regions of the country with offices in Blantyre, Lilongwe and Mzuzu.

Providing a wide range of products which include personal and commercial insurance covers.
NICO General Insurance seeks to attract clients and intermediaries, who are prepared to nurture long-term partnership with the company, to ensure long lasting security and peace of mind.

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Our Companies

NICO General
NICO Technologies
NICO Asset Managers
NICO Zambia
NBS Bank
NICO Pension
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