National Insurance Company

National Insurance Company Limited
Company typeCentral Public Sector Undertaking
IndustryInsurance
Founded1906; 118 years ago (1906)
FounderGordhan Das Dutia
Headquarters,
India
Area served
India and Nepal
Key people
Rajeshwari Singh Muni (Chairman & MD) [1]
Products
RevenueIncrease 17,385 crore (US$2.1 billion) (2022-23)[2]
Decrease −1,887 crore (US$−230 million) (2022-23)[2]
Decrease −3,865 crore (US$−460 million) (2022-23)[2]
Total assetsDecrease 38,896 crore (US$4.7 billion) (2022-23)[2]
OwnerMinistry of Finance, Government of India.
Number of employees
8,630 (2022-23)[2]
Websitenationalinsurance.nic.co.in

National Insurance Company Limited (NICL) is an Indian public sector insurance company owned by the Government of India and administered by the Ministry of Finance. It is headquartered at Kolkata and was established in 1906 by Gordhandas Dutia and Jeevan Das Dutia. National Insurance company and Asian Insurance company was nationalised in 1972.[3][4] Its portfolio consists of a multitude of general insurance policies, offered to a wide arena of clients encompassing different sectors of the economy.[5] Apart from being a leading insurance provider in India, NICL also serves in Nepal.[6]

  1. ^ "Corporate Management Profile of National Insurance".
  2. ^ a b c d e "National Insurance Company Financial Statements" (PDF). nationalinsurance.nic.co.in. Retrieved 14 July 2023.
  3. ^ "Company Profile". NICL. Archived from the original on 11 November 2011. Retrieved 10 August 2011.
  4. ^ "Company Profile". Archived from the original on 11 November 2011. Retrieved 7 August 2019.
  5. ^ "National Insurance Company Ltd - National Insurance India, Profile Of National Insurance Company Ltd". www.iloveindia.com. Retrieved 7 August 2019.