The full form of NICL is National Insurance Company Limited.

National Insurance Company Limited (NICL) is the oldest non-life general insurance company of India. It was established on 5th December 1906 at Kolkata. National Insurance Company was set up largely on the nationalism principles of Swaraj (self-government). NICL was nationalized after 66 years in the year 1972. 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. It is now one of the 4 largest general insurance subsidiaries entirely owned by Government of India.

National Insurance Company provides over 200 products to almost every industry or sectors present in the Indian market viz. Telecom, Aviation, Banking, Power, Information Technology, Agronomy, Oil & Power, Healthcare, Education, Tea, Environment, Automobile, Foreign Trade, Space Research etc. These services offered by NIC have significant value in the Indian economy. National Insurance policies have some unique qualities that separate them from all other insurance policies offered by different insurers in India.

NIC has “Trusted Since 1906” as its official tagline and motto. The oldest non-life public sector general insurance company of India, National Insurance Company boasts about the labor force of around 16000 skilled employees and approx 2000 office branches set up across India including its operations in neighboring Nepal. NIC was ranked as the 2nd largest general insurance company of India next New India Assurance at the end of the Financial Year 2014 on the basis of the company’s Gross Direct Written Premium (GDWP).NIC also holds a record for being the only Public Sector General Insurance Company (PSGIC) of India with its headquarters in Kolkata. National Insurance was the first Indian insurance Company to unite with the Strategic Alliances with the country’s major manufacturing company for automobiles M/s Maruti, M/s. Hero Moto Corp, biggest Two Wheeler manufacturing company and many other such renowned automobile companies. These connections escorted in a substantial swing in the Service Delivery process for Motor insurance in India. National Insurance Company was the first and foremost insurance company to have pioneered Bancassurance in India, by moulding hookups with India’s Largest Banks.