National Insurance Company Ltd.
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 |