National Insurance Company
Limited was established on 5th December 1906 in Kolkata. It is the
oldest non life general insurance company. National Insurance is wholly owned
and operated by the government of India. NIC possesses a wide network across
the county. The company has around 1998 offices in India run by 14902 insurance
professionals.
The network and process of
National Insurance Company Limited is not limited within India since the company
operated in Nepal as well. On the basis of gross direct written premiums (GDWP)
National Insurance Company Limited (NICL) is the second largest non life
general insurance company in India.
National Insurance Company holds
the biggest market share in the motor insurance market among all providers of general
insurance in India on the basis of GDWP amassed in the fiscal year of 2015. Besides
having a large share in motor insurance sector, national health insurance
schemes and national insurance mediclaim policy also has a reasonable share in
the market.
Products and Services Offered by National Insurance Company (NIC)
- Personal Insurance policies such as health insurance, personal accident policy, motor and property insurance policy
- A number of Rural Insurance policies designed for rural and agriculture businesses for the protection against natural and climatic disasters
- Industrial Insurance policies that covers construction, project, contracts, equipment loss, fire, theft, etc.
- National Insurance Company offers commercial Insurance policies protects against damage and loss of property during transactions, transportation etc.
Being the oldest general
insurance company in India, National Insurance Company Limited has major
milestones to its credit. National Insurance Company is the first insurance
company that introduced customized insurance products for both commercial and
rural sectors. NIC is also tied up with the largest automobile manufacturer in
India M/s Maruti, and one of the fastest growing Two Wheeler companies in the
country M/s. Hero Moto Corp.
To know more information visit our website GIBL.IN
If you want to read more visit this site National Car Insurance.
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