Company

National Insurance Company Ltd.

Year Established

1906

Brief History

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 (GIG) which is fully owned by the Government of India. After the notification of the General Insurance Business (Nationalisation) Amendment Act, on 7thAugust 2002, National has been de-linked from its holding company GIC and presently operating as a Government of India undertaking.

National Insurance Company Ltd (NIG) 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 16,000 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.

Promoters of the company

Govt. of India

Share Capital (In crores)

100 crores

Solvency margin ratio

1.56

Credit rating

"AAA/STABLE" financial strength rating by CRISIL

ISO Certificate

NA

Gross Direct Premium 2008-2009 (In crores)

4285.85

Net Claim Incurred 2008-2009

(in crores)

3393.67

No of Employees

NA

No. of Branch Offices India =

Overseas =

1000

0

Name & Designation of Key Executives

Chairman-cum-Managing Director

Shri N.S.R.Chandraprasad,

General Manager,

Shri K Singh

General Manager

Shri A V Girija Kumar

General Manager,

Shri CPR Varma

General Manager,

Shri K P Brahma

Head Office

(Corporate Office) Address

National Insurance Co. Ltd.

3 Middleton Street, Kolkata

West Bengal Pincode : 700071

Contact Number

Telephone : 22831705/22831706

Fax : 22831717

Email: administrator@nic.co.in

Toll Free No. 1800-209-1415

Website

www.newindia.co.in