National Insurance Company Limited - india
National Insurance Company Limited was incorporated
in 1906 with its Registered office in Kolkata. Consequent to passing of
the General Insurance Business Nationalisation Act in 1972, 21 Foreign
and 11 Indian Companies were amalgamated with it and National became a
subsidiary of General Insurance Corporation of India (GIC) which is
fully owned by the Government of India. After the notification of the
General Insurance Business (Nationalisation) Amendment Act, on 7th
August 2002, National has become a Government of India undertaking.
It is the oldest existing Insurance Company in India. It has been the
fastest growing Public Sector General Insurance Company in the Country
for the third successive year.
The Company has earned international recognition as one of the top 5
General Insurance Companies in the Asia Pacific, at the Asia Insurance
Industry Awards held by Asia Insurance Review, at Singapore in October
2003.
National Insurance Company Ltd (NIC) is one of the leading public sector
insurance companies of India, carrying out non life insurance business.
Headquartered in Kolkata, NIC's network of about 1000 offices, manned by
more than 17,000 skilled personnel, is spread over the length and
breadth of the country covering remote rural areas, townships and
metropolitan cities. NIC's foreign operations are carried out from its
branch offices in Nepal and Hong Kong.
Befittingly, the product ranges, of more than 200 policies offered by
NIC cater to the diverse insurance requirements of its 10 million
policyholders. Innovative and customized policies ensure that even
specialized insurance requirements are fully taken care of.
National transacts general insurance business of Fire, Marine and
Miscellaneous insurance. The Company offers protection against a wide
range of risks to its customers. The Company is privileged to cater its
services to almost every sector or industry in the Indian Economy viz.
Banking, Telecom, Aviation, Shipping, Information Technology, Power, Oil
& Energy, Agronomy, Plantations, Foreign Trade, Healthcare, Tea,
Automobile, Education, Environment, Space Research etc.
National Insurance is the pioneer in implementing the concept of
bancassurance in India. National Insurance policies are available from
some of the well known banks like Indian Overseas, UCO Bank, State Bank
of Bikaner and Jaipur, Bank of India, State Bank of Mysore, Bank Of
Baroda and City Union Bank.
Personal Line Insurance
Personal Line
Insurance is meant to cover risks of person and property of individuals
or group of individuals or liability developing upon them. Insurance of
persons would include Personal Accident, Mediclaim,
Critical Illness, Amartya Siksha Yojana, among others.
Insurance of property would include Householders', Niwas
Yojana, Motor etc. Insurance of liability would include
liability devolving on a person arising out of his personal actions /
inactions or out of the practice of his/her profession, such as,
Personal Liability, Professional Indemnity for a Doctor / Lawyer etc.
Rural Line Insurance
Since nationalization
our Company is moving ahead with the task of taking General Insurance
business to the rural segments, keeping in view the social objective of
serving the needs of the economy in the best interest of the weaker
sections of the community.
To provide financial protection against loss of their small income
generating assets due to the occurrence of fortuitous events, our
company has devised a number of insurance policies specially designed
for the rural people and weaker section of urban society.
Industrial Line Insurance
Industrial Insurance is another branch of non-life insurance which
covers various risks faced by the industry and serves to sustain the
growth of the industrial activity. These insurances can be sub-divided
into broadly two heads as Project Insurance and Operational Insurance.
The two basic forms of Project Insurance are Erection All Risk
Insurance and Contractor's All Risk Insurance. Commonly
chosen Operational Insurance policies are Fire policy,
Machinery Insurance policy, Electronic Equipment Insurance
policy and Consequential Loss (Fire) policy.
Commercial Line Insurance
The mainstay of our economy is commercial activity of various kinds,
covering trades, transport, banking etc. These organisations are exposed
to risks, which can be categorised as loss of or damage to property /
assets and liability arising out of an action /inaction in the course of
the commercial activity.
National Insurance offers different options, which enable a commercial
organization to protect itself against losses arising from various
perils. These options can be classified as package policies, specific
policies to protect against property loss and specific policies to cover
liability arising due to errors and omissions in the course of
transaction of commercial activity.
Head Office
3 Middleton Street
Kolkata
West Bengal
Pincode : 700071
Telephone : 22831705 /22831706
Fax : 22831740
Email : website.administrator@nic.co.in
