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NICL – National Insurance Company Limited

National Insurance Company Limited (NICL), a subsidiary of General Insurance Corporation of India (GIC), is a fully central Government owned insurance company. The NICL was established in 1907 and was nationalized in 1972.

The headquarters of NICL is at Kolkata. NICL is the oldest insurance company in India and the only PSU non life insurance Company headquartered in the Eastern part of the country.

The Chairman and Managing Director of NICL is Mr.A.V.Girija Kumar. The General Manager and Executive Director of NICL is Mr.K.V.Brahma.

NICL has been recognized as“BEST IN SERVICE” in the MOTOR and HEALTH classes of Business which constitute 63% of the Indian Non Life Insurance Market.

NICL plays an important role in reaching general insurance services to the under served and un-penetrated areas of the country skillfully.

The Company is privileged to cater its services to almost every sector or industry in the Indian Economy viz. Banking, Telecom, Aviation, Shipping, Information Technology, Power, Oil & Energy, Agronomy, Plantations, Foreign Trade, Healthcare, Tea, Automobile, Education, Environment, Space Research etc.

OFFICE ON WHEELS

The First- of- its- Kind “Office on Wheels” has been introduced in 4 cities of Kolkata, Chandigarh, Mumbai and Bangalore. These mobile vans, customized as Offices, are equipped to issue policies online. 24 more OOWs are planned this fiscal to reach general insurance services almost to the doorstep.

All these Financial Inclusion initiatives are supported by robust Technology-driven infrastructure which enables Prompt Service, Hassle Free processes and Fair settlements.

In addition to the above initiatives, NIC has also harnessed the digital medium for Customer convenience and Efficient Service Delivery.

NICL has a range of coverage policies targeting different sectors:

  • Personal Insurance policies include medical insurance, accident, property and auto insurance coverage.
  • Rural Insurance policies provide protection against natural and climatic disasters for agriculture and rural businesses.
  • Industrial Insurance policies provide coverage for project, construction, contracts, fire, equipment loss, theft, etc.
  • Commercial Insurance policies provide protection against loss and damage of property during transportation, transactions, etc.

Source NICL Website and Wiki