National Insurance Company Limited (NICL)

National Insurance Company Limited (NICL) is a state owned general insurance company in India.
Its tagline is – Trusted Since 1906
The company headquartered at Kolkata was established in 1906 and nationalised in 1972.
Its portfolio consists of a multitude of general insurance policies, offered to a wide arena of clients encompassing different sectors of the economy.
Apart from being a leading insurance provider in India, NICL also serves Nepal.
Consequent to passing of the General Insurance Business Nationalisation Act in 1972, 21 Foreign and 11 Indian Companies were merged with it and National became a subsidiary of General Insurance Corporation of India (GIC) which is fully owned by the Government of India.
After the notification of the General Insurance Business and its India’s largest General Insurance Company(Nationalisation) Amendment Act, on 7 August 2002, National has been de-linked from its holding company GIC and presently operates as an independent insurance company wholly owned by Govt of India.