The illustrious roots of National Life Insurance Company
The National Life Insurance Co. (NLIC) has been successfully rehabilitated by the Insurance Commission with the sale of its common shares and its debts to a holding company through a competitive bidding process. It is, so far, the biggest rehabilitation program under the auspices of the Insurance Commission. It has been an arduous journey from the time it was first placed under conservatorship in 2006. With its operations soon to restart, it may well be appropriate to recall the illustrious beginnings of the company. It was founded by leading men from the government and business sectors.