National Insurance Company Limited is a very old company and was first incorporated in the 1906 and made its Registered office in Kolkata. But over a period of time a lot of changes took place with regards to the status of the company and hence since 7th August 2002, National Insurance Company Limited has been operating as a Government of India undertaking. It has since then totally detached itself from its then holding company, General Insurance Corporation of India.
National Insurance Company Limited is one of the largest public sector Non-Life Insurance companies in India and definitely leading from the front. The strength of the company is around 16,000 skilled personnel located in around 1000 offices all over the country with its head quarters in Kolkata. The company has several branches all over the country spread across the entire country.
The company has around 200 products to offer and therefore has a solution for every need in the Non-Life insurance section. Its customer base is standing at around 14 million. They are always finding out new ways of satisfying customers and new policies are being formulated every day. They are very open to new suggestions and ides.
As far as figures are concerned, National Insurance Company Limited they are as follows:
- Paid-up share capital – 100 crores
- Gross direct premium income – 4279.9 crores
- General Reserve – 1308.05 crores
- Net Worth – 501.59 crores
It also has been given a very good rating as far as financial strength is concerned. It has a rating of “AAA/STABLE” financial strength rating by CRISIL.