NIC has "Trusted Since 1906" as its official tagline and motto. National Insurance policies have some unique qualities that separate them from all other insurance policies offered by different insurers in India. These services offered by NIC have significant value in the Indian economy. Telecom, Aviation, Banking, Power, Information Technology, Agronomy, Oil & Power, Healthcare, Education, Tea, Environment, Automobile, Foreign Trade, Space Research etc. National Insurance Company provides over 200 products to almost every industry or sectors present in the Indian market viz. National Insurance Company Limited (NICL)Ĭompletely owned by the Government of India It is now one of the 4 largest general insurance subsidiaries entirely owned by Government of India. Thereafter the company was merged with 21 foreign companies and 11 Indian insurance companies and that’s how National Insurance Company Limited was consolidated into one. NICL was nationalized after 66 years in the year 1972. National Insurance Company was set up largely on the nationalism principles of Swaraj (self-government). It was established on 5th December 1906 at Kolkata. National Insurance Company Limited (NICL) is the oldest non-life general insurance company of India.
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