National Teachers Insurance Limited (NTIL)
Office of Insurance Commissioner
Our story
A Group Built on National Pride
Founded on 18th September 2000 by the Papua New Guinea Teachers Association Welfare Fund (PNGTAWF), the NTIL Group was born from a sincere desire to create a 100% nationally owned insurance company serving Teachers’ Association members with life, medical, and personal accident insurance.
Today, the Group extends its reach nationwide — serving Government Departments, State Owned Enterprises, major and minor corporate entities, and individuals seeking personal and domestic coverage.
Since
2000
Mission & Objectives
Our Goals & Objectives
In pursuing its corporate plans and goals, the NTILIC Group is committed to serving Papua New Guineans through five core objectives.
01
Provide Affordable Insurance
Offer the best and most competitive insurance packages — with a focus on middle-income earning Papua New Guineans.
02
Increase Participation
Enhance insurance participation among group members and create easier access to products and services for all Papua New Guineans.
03
Promote Confidence
Foster genuine interest and confidence among Papua New Guineans to participate actively in the insurance industry.
04
Empower Financial Management
Empower Papua New Guineans to professionally manage their financial wellbeing within an insurance company they can proudly call their own.
Our Journey
25 Years of Milestones
2000
NTIL incorporated on 18 September. General insurance operations begin, regulated by the Office of Insurance Commissioner.
2003
Life Insurance Corporation (PNG) Limited (LICL) established — regulated by Bank of Papua New Guinea.
2009
Insurance Rumana Head Office officially inaugurated in Hohola, NCD — a landmark investment in the Group's future.
2015
Staff Accommodation Compound constructed — enhancing welfare and operational support for the Group's growing workforce.
2017
Becomes Aon PNG Preferred Partner — a landmark alliance strengthening the Group's reinsurance and risk capabilities.
2023
⦁ Total Group Assets exceed K100 million
⦁ Becomes Marsh PNG Preferred Partner — As PNG's most trusted insurance name.
2025
Annual turnover surpasses K55 million. Over 60 dedicated staff. KPMG appointed as Group Auditors for 2025 onwards.
2026
Longest serving private insurance provider in PNG — 26 years of trusted service, resilience, and nation-building.
Mission & Vision
Our Mission
Making Insurance Accessible to Every Papua New Guinean
To provide the best and most affordable general insurance packages to all Papua New Guineans — empowering individuals, families, and businesses to manage risk with confidence and peace of mind.
Our Vision
PNG's Most Trusted Nationally Owned Insurer
To be the most trusted and preferred general insurance company in Papua New Guinea — accessible, inclusive, and proudly 100% nationally owned, delivering reliable protection with exceptional customer service.
Reinsurance
The Group’s Reinsurance Treaty Programs are facilitated by AON Reinsurance Solutions, Sydney, Australia. AON Reinsurance Solutions is a leading global reinsurance broker.
Our Reinsurance Treaty Securities are backed by highly rated and reputable reinsurance companies worldwide. These reinsurance arrangements are on par with those of our international counterparts in the insurance industry.
The Group has forged a reliable, robust, and strong partnership with our panel of reinsurers, enabling us to underwrite risks ranging from small and medium enterprises to major industrial, commercial, and large corporate entities.
External Auditors
The Group Auditors have historically been the global ‘Big Four’ audit firms, as follows:
- Price Waterhouse Coopers since inception to 2005
- KPMG Chartered Accountants from 2006 to 2011
- Ernest & Young from 2012 to 2017
- Deloitte Touché Tohmatsu from 2018 to 2024
- KPMG Chartered Accounts since 2025 onwards
External Actuary
Mr. Marcelo Lardies, who is a Fellow of the New Zealand Society of Actuaries with over 14 years of experience has been appointed the Actuary of the Group.
Approved Banking Partners
Let's Find the Right Cover for You
Insurance decisions can feel overwhelming. That's why our team is here — to listen, advise, and make sure you and everything you value is properly protected.