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National Insurance

National Insurance Company Limited, established in 1906, is India's oldest general insurance company. National Insurance Company was incorporated in Kolkata on 5th December 1906 and operated as a subsidiary of General Insurance Corporation of India to fulfill the nationalist aspiration for Swaraj.

NIC is rated as AAA - by CRISIL, signifying their financial strength.

After enacting General Insurance Business Nationalisation Act in 1972, the Government of India got it merged along with 21 foreign and 11 Indian companies to form National insurance Company Limited. It is one of the four PSU general insurance companies in India. It is now wholly-owned by the Government of India. Today, even after 120 years of its foundation, NIC still stands out as a pioneer in the non-life insurance segment. National Insurance was the first general insurance company to offer customized general insurance plans. National Insurance has its presence in India as well as Nepal. The Company has a strong presence across India's length and breadth with its 1730 offices and more than 13000 skilled employees, and over 50000 Agents spread all over the nation.

National Insurance Company Limited

Company Name National Insurance Company Limited
Company type Public sector (Nationalization in 1972)
Establish Date 5th December, 1906
Headquarter Kolkata, West Bengal, India
Industry Insurance, Financial services
Products Insurance
Operates in All over India and Nepal
Website Address nationalinsuranceindia.nic.co.in

National Insurance Stats

NIC's mission is to provide world-class products and services to their customers. NIC has a skilled workforce of 14902 and offices all over India. As a second largest general insurance company, National Insurance Company also has offices in Nepal.

In 2015, the maximum market share of India's motor insurance market was with National Insurance Company.

National Insurance Company is credited a rating of B++ by A.M. best signifying a good financial strength and also rated as an issuer credit rating of "bbb+".

Claims Ratio for Financial Year 2018-19:

  • Motor: 127.50%
  • Health: 107.64%

National Insurance Offers

National Insurance Company offers various types of general insurance to meet their customer's demand.

To meet the growing need of insurance products, NIC provides different types of general insurance products such as motor insurance, health insurance, travel plans, rural insurance, industrial risk coverage plans, catering to individual and commercial requirements. Each insurance product has variants to meet different needs of different customers.

National Insurance Products and Services

Premium Payment Process of National Insurance Company

Online Payment Process Through NIC

You can buy National Insurance Policy Online and pay the premium online with just a few clicks using any of the payment options sucha as debit card, credit card, or netbanking, etc.

Offline Payment Process Through NIC

You can directly pay NIC at any of their branches nearest to you. National Insurance Company also offers offline payment service to their customers.

  • Drop boxes

  • Company branch – You can pay cash or deposit a cheque

  • Pay premiums through National Insurance Agents and Brokers

National Insurance Renewal

Online Renewal Process at National Insurance Company

You can now renew any of your non-life insurance policies - car, bike, health online. Renewing an insurance policy online is the simplest way of renewal.

It is advisable to renew before your insurance expires. All you have to do is log in to your account, select the policy you want to renew and click on the renew now button, after which you can proceed to pay your premium through secure premium payment gateway.

Port Insurance Policy Provided by Other Insurer to National Insurance

You can port your insurance policy provided by other insurance company to National Insurance.

The easiest way to do so is to compare the insurance plan with National Insurance Company plans.

Why Port from other insurance company to NIC:

  • Because you are not happy with the service offered to you now

  • You are looking for a completely Government-owned insurance company

  • You want a brand that has been trusted by many for years

  • You feel you are underinsured or paying high premiums. You can compare plans and port your insurance policy to National Insurance Company.

Awards and Achievements of National Insurance Company Limited

Awards Won by National Insurance Company

  • CIO Award by Green LT Enterprise Award 2013

  • Certificate of Merit by Financial Inclusion Award 2013

  • Top 100 CISO Awards 2013

  • Business Leadership Awards 2012 by NDTV Profit

  • Digital Inclusion Awards 2012

  • The Indian Insurance Awards 2013

National Insurance FAQs

National Insurance FAQs

How do I contact National Insurance Company?

You can simply contact them by calling on their toll free number, or chat with their customer service team when you visit their official website nationalinsuranceindia.nic.co.in or contact the head office of National Insurance Company. Address - 3, Middleton Street, Prafulla Chandra Sen Sarani , Kolkata, West Bengal, 700071.

What is National Insurance Company's Contact Number?

National Insurance Contact Number – 1800 200 7710

How do I Login onto National Insurance Company Website?

On the right-hand side of the website you can see a login option. From the dropdown menu select “customer” if you are already a customer and click on buy policy. If you want to register, click the register now button to register your account on National Insurance Company website.

You can buy a new policy or renew your already purchased policy by visiting niconline.co.in:8082/custportal/

Select the category you wish to buy or renew. For instance, if you want to renew your car insurance, select motor insurance and then click the renew car insurance button. You will be redirected to the renewal page where you can login.

How to renew National Insurance Policy?

Please follow these steps to renew your National Insurance Policy:

  1. Log into the official website of National Insurance Company (NIC)
  2. Select your National Insurance policy which you want to renew online
  3. Enter your unique National Insurance Policy number for the next step and thereafter enter the details you are asked for
  4. Make your payment via online transaction – net-banking/credit/debit card
  5. You will receive an online documented confirmation stating the successful renewal of your National Insurance Plan

Is National Insurance a Government company?

Yes, National Insurance Company Limited is a Govt company. It is a public unlisted company and is classified as a company limited by shares.

How to claim National Insurance Policy?

The following steps are involved for intimating and settlement of claims:

  1. In case of an emergency, you need to contact the policy issuing office immediately via call or email
  2. In case of a vehicle accident, you need to file an FIR at the nearest police station and submit the copy of an FIR
  3. Download the relevant claim form from the website
  4. Duly fill the claim form and submit the same to the policy issuing office
  5. The policy issuing office may appoint surveyor/ loss assessor or may refer the case to panel doctors, depending upon the claim type to verify the claim.
  6. Post verification, the claim will be settled within the stipulated time period
  7. Documents required for submission along with the health claim are - Doctors Prescriptions, Reports of Pathological tests, Cash Memos from the Chemists Shop for the medicine purchased Admission and Discharge Certificates, Receipts from Surgeon, Doctors, etc.

How can I check my policy status?

You can check your policy status by visiting the official website of the insurer. Simply login with your registered user ID and Password and check the policy status online.

Customer Reviews
Average Customer Rating:
National Insurance Company 4 / 5 ( 70 reviews )
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