Behind the incorporation of the company was the motive to fulfill the nationalist objective for Swaraj. National Insurance Company Ltd. (NIC), established on 5th December 1906 in India, is the oldest general insurance company in the country.
After 66 years, after the nationalization of NIC, it was merged with 11 Indian companies and 21 foreign companies to form National Insurance Company Ltd. National Insurance is one of the 4 subsidiaries of the Indian Government-owned General Insurance Corporations of India.
National Insurance Company is the only public sector general insurance company (PSGIC). National Insurance has more than a few Firsts to glorify:
- An extension of the same is the specialized Techno Marketing Project Cells for insuring mega projects
- First Indian insurance company to join an alliance with major two-wheeler manufacturer M/s. Hero Moto Corp and many others.
- NIC introduced the Farmers Package Policy to suit the agrarian customer.
- NIC was the very first general insurance sector to introduce Product customization both Corporate and rural
- National Insurance Company was also the first Indian insurance Company to enter into Strategic Alliances with India’s major Automobile manufacturer M/s Maruti.
At GIBL.IN you can instantly buy or renew any product from National Insurance Company Limited at the click of your mouse and avail attractive discounts.
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