National Insurance Company Limited, General Insurance Company in India

National Insurance Company Limited

Company Profile: NICL – National Insurance Company Limited in India, General Insurance Company

National Insurance Company Limited (NICL) is India’s Oldest General Insurance Company in India headquartered at Kolkata, West Bengal. The non-life insurance company was established in 1906 to fulfill the nationalist aspiration for Swaraj and nationalized in 1972.

The company is a state-owned general insurance company in India. Its catchline is “Trusted Since 1906” in italic. NICL also serves Nepal.

National Insurance Company Limited (NICL) is India’s Oldest General Insurance Company in India headquartered at Kolkata, West Bengal.

The non-life insurance company was established in 1906 to fulfill the nationalist aspiration for Swaraj and nationalized in 1972.

It was one of the four subsidiaries of the General Insurance Corporation of India. The company was merged along with 11 Indian and 21 foreign companies form National insurance Company Limited.

The company is a state-owned general insurance company in India. Its portfolio consists of a multitude of general insurance policies. Its catchline is “Trusted Since 1906” in italic. NICL also serves Nepal.

The Company has a strong presence with more than 13000 skilled employees, more than 1730 offices and more than 50000 Agents spread all over the nation. IT is the first general Company to introduce office on wheels in India.

National Insurance Company has approx 2000 office branches set up across India and the force of more than 16000 skilled employees. The company also operations in neighboring Nepal.

The company was ranked as the 2nd largest general insurance company of India of the Financial Year 2014 on the basis of the company’s Gross Direct Written Premium.

New India Assurance was the 1st largest general insurance company of India at the end of the Financial Year 2014.

The company was the first Indian insurance Company to unite with the Strategic Alliances with the automobile manufacturing companies in India including Maruti Udyog Limited, biggest Two Wheeler manufacturing companies of India, Hero Moto Corp, and many other such renowned automobile companies.

The company was the 1st general insurance company to have pioneered Bancassurance in India and has also been rated ‘AAA’ by the CRISIL, Indian rating agency.

The general insurance company offered to a wide arena of clients encompassing different sectors of the economy and offers a wide range of insurance policies including Rural Insurance, Industrial Insurance, Commercial Insurance, Personal Insurance, Fire policy, Machinery Insurance, Mediclaim, Motor Vehicle Insurance, Consequential Loss (Fire) policy, Erection All Risk Insurance, Contractor’s All Risk Insurance, Electronic Equipment Insurance policy at cheap premium rates to its customers with around 300 products.

Policies Offered By National Insurance Company Limited

National Parivar Mediclaim Policy: This health policy is specifically designed in the form of a family floater policy against any unforeseen medical emergencies.

The maximum Sum Insured is 5 Lacs and the minimum Sum Insured for this policy is 2 Lacs.

This medical policy can cover someone’s entire family including self, dependent children, spouse, and parents.

The objective of this health policy is to cover all the hospitalization and medical expenses of the insured person/persons.

National Parivar Mediclaim Policy Features and Benefits:

  • Life-long renewal facility
  • Tax benefits under section 80D of the Income Tax Act.
  • 10% to 25% of co-payment is applicable to diabetes and hypertension.
  • Cashless benefits under network hospitals.
  • Options to buy or renew the policy online.

Janta Personal Insurance Policy: It offers coverage against death, permanent total disablement or permanent partial disablement to any individual in India under the age group of 10 years to 70 years, regardless of their profession, occupation, and sex.

The policy can be ported to another insurer 45 days. The PA policy 100% coverage of the Sum Insured in case of accidental death. The plan is operational worldwide and offers 24 hours coverage.

Features and Benefits of Janta Personal Insurance Policy:

  • One limb or one eye lost or Loss of limbs and both eyes due to an accident is covered under this personal insurance policy.
  • Against such unfortunate events like Temporary Total Disablement, Permanent Total Disablement (PTD), permanent partial disablement, and death resulting from an accident.
  • Under this plan, No health check-up is required for availing Personal Accident Plan. It also offers comprehensive coverage.

Motor Insurance Policies: The company provides both Two Wheeler and Private Car insurance coverage.

In terms of car insurance policies, the company provides two types of vehicle insurance coverage – Comprehensive Motor Insurance and Third Party insurance. Motor Insurance plans can be purchased online from the company’s portal for the best price.

Private Car Insurance: Both comprehensive insurance and third party insurance for private cars are provided by the company. Someones may avail the best quotes for private car Insurance online and renewal too.

This policy protects vehicles that are used for commercial purposes, domestic, or social purpose by the insured person. The Private Car Policy can be bought from the online portal since the company offers the best quotes.

National Car Insurance Features and Coverage:

The coverage and benefits of national private car insurance are following.

  • Covers damages or injuries done to any third party in involving your car.
  • Coverage against accident from External Means Explosion, Fire, Lightning, and Self Ignition.
  • Up to Rs. 7.5/- lacs cover in third party property damage.
  • Coverage against various manmade and natural calamities like Riots, Flood, Terrorism, Strikes.
  • Coverage againes Burglary, Malicious Acts, Theft, Rockslide, Earthquake, Storm, Landslide etc.
  • Coverage damages from Transit by Air, Rail, Road etc.
  • Easy option to purchase online policy.

National Two Wheeler Insurance: This policy protects your two-wheeler against various damages resulting from unforeseen accidents. The policy can cover the damages of your own as well as save you against third party liabilities. You can instantly purchase or renew Two Wheeler Insurance plan online.

Here you can find business information about National Insurance Company Limited such as company profile, business address, contact Nos., products & services and nature of the business, etc. At SugerMint, the general insurance company listed in the Investment & Insurance Business category.

National Insurance Company Limited Registered Office:

Name of Company: National Insurance Company Limited
Business Address: 3, Middleton Street, Prafulla Chandra Sen Sarani,
City & Pin Code: Kolkata, 700071
State & Country: West Bengal, India
Contact Number: 22831705
Toll-free Number & Customer Care Numbers: 1800 200 7710
Business Category: Investment & Insurance
Type of Company: General Insurance Company