National Insurance Company Limited is one of the largest general insurers in India from the public sector. The company has made its presence in smaller towns, rural regions and also in metropolitan cities of India and also in Nepal. The company caters to a staggering 14 million policyholders by coming up with a wide range of general insurance plans. Over 200 types of general insurance plans are available with National Insurance.
Apart from regular insurance plans, National Insurance Company also devises customized and innovative insurance products to meet specialized insurance requirements. Apart from providing for retail customers, this insurer also caters to insurance requirements of various industries by offering fire insurance, marine insurance, and the likes. So far, National Insurance has served many industries in India such as an automobile, telecom, shipping, IT, power, agronomy, health care, education and many more. The Company also provides agriculture and rural businesses with insurance plans. Commercial insurance policies are also available with India’s oldest general insurer.
From a modest premium of Rs. 50 crore, in 1974, National Insurance Company’s premium income rose to Rs. 90 billion in 2012-13. This financial strength of the company is also reflected in many ratings. Crisil, a subsidiary of Standard and Poor’s rated National Insurance Company Limited AAA rating. The company also received a B++ financial rating and bbb+ issuer credit rating from A.M.Best. These ratings confirm the company’s consistent investment performance and strong capitalization which is adjusted to risks and also the robust presence of National Insurance in India’s insurance market. At present, HCL technologies take care of National Insurance Company’s IT requirements since a deal signed between these two companies in 2008. Economic Times recognized National Insurance as a premium brand and awarded a Symbol of Excellence certificate at a ceremony in Mumbai.
So, in every possible way you can consider National Insurance Company is one of the best general insurance companies in India.
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