National Car Insurance

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National Insurance Company (NIC)


National Insurance Company (NIC) was founded on 6th December 1906 at the height of the country's nationalist Swadeshi movement as an expression of the Indian aspiration to establish a strong original Indian company even in the midst of foreign rule. Today, 107 years after its integration, NIC stands tall as the oldest insurance company in India and the only PSU non life insurance company headquartered in the Eastern part of the country. As the Market Leader in two zones(North & East India) NIC has been recognized as 'Best in Service' in the motor and health classes of Business which constitute 63% of the Indian non life insurance market. NIC was the first mover in customizing general insurance products. CRISIL (A Standard and Poor's Company) has rated the company with AAA rating for its financial strength.

Why Buy National Motor Insurance Plan Online


Buying the National Motor Insurance Plan online is easier than you think. Now it is quicker than ever. For buying the same, all you need to do is fill a form that will ask you for some basic details about the vehicle and its value. It may also include details about the safety devices that are installed, queries on parking and much more. By providing same basic details you will be able to buy the best plan for yourself easily. You can make payment through different forms that include Net banking, ATM /Debit card and much more.

What do National Motor Insurance cover?


Basically, you will get wider coverage under National Motor Insurance plans. With the wide range of products, the company tries to cater to every need of their customers. The features of basic motor insurance will be present in all National motor insurance plans. The helpful plans will assist you in keeping your vehicle secure from different types of unwanted situations such as theft, malicious acts, damages during transport by road, rail, etc. You must choose a plan that go well with your needs. You will also get several types of additional bonus on choosing any of the National motor insurance plans.

The company offers a simple claim settlement service that will help a lot at the time of filing claim. If you check online, then you will come to know that the company is great in settling claims. It carries a good claim settlement ratio. The company settles claim in two different manners, one is reimbursement and the other is cashless which is highly popular as in the same you don't have to pay for any damage to the vehicle from your pocket, the insurance company will take care of that.

In India, Motor insurance is a mandatory thing, you cannot drive on roads of India without a valid motor insurance as per the MOTOR INSURANCE ACT. You must at least have the third party liability coverage before you start driving.


Claim Form

Need of Buying Motor Insurance


Driving in accordance with the law-
National insurance company is a state-owned insurer that has experience of many years in the same field. The wide range of motor insurance products helps you in choosing he best one that is legally accepted by the government also. Choose the right one today and secure your vehicle with the renowned insurance company of India.

It is never your fault-
It can be true that you are an excellent driver and drive by following all rules and regulations of roads. You may also follow all safety measure, but we can't predict future and we don't know which unwanted situation is waiting for us that can be difficult to deal. So it is always best to be on the safe side.

It does save money-
One more reason to prove that buying motor insurance is actually saving a lot of your money in the long run. You can't predict future, which means you can never say that what kind of damage is waiting for you on another side, but with an effective motor insurance plan, you would be able to deal with an unwanted situation that can leave a bad impact on your life. By purchasing an effective policy online you would be able to save money as there are several forms of discounts available.

Motor Insurance Contracts are matters of the basic principles appropriate to property and liability insurance in general.

Types of Motor Insurance Plans


The National Motor Insurance Company is offering a wide range of effective products which can help you in dealing with different types of situation. Choosing the best one is completely upon you so it is advisable to choose as per your needs.

Bike Insurance: Additionally to the liability insurance, this plan is more comprehensive as it covers own damage of the vehicle with third party liability as well.
KNOW MORE

Private Car Insurance: This is a comprehensive insurance policy that will provide coverage on almost each and every expenses related to your vehicle that may occur due to accident, theft or any other unexpected situation.
KNOW MORE

Claim Form


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Contact Address


3, Middleton Street, P.B. No. 9229, KOLKATA 700 071.
Tel : 033-22831705 to 9 Fax : 033-22831712
E-mail: faf@nic.co.in

National Motor Insurance News


NIC Raises Rs 893 Cr through Bond Route to Attain Solvency Margin before IPO

29 March 2017: National Insurance Company- the state-run insurer has raised Rs 893 crore via subordinated debt that is mobilized from a group of investors including insurance companies and pension funds. This big step will help NIC in meeting its solvency margin that is below the set limit. The documents include a coupon of 8.35%

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Wednesday March 29, 2017

Merger of 4 General Insurance Companies For Rapid Growth

The All India Insurance Employees Association (AIIEA) which refers to be the major union in the public sector general insurance companies is now asking for a merger of four companies for the rapid growth. Sanjay Jha, Secretary Standing committee (General Insurance, AIIEA), said, “The central government is planning to merge three non-life insurance companies — United India Insurance, Oriental Insurance and National

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Wednesday May 17, 2017

National Insurance: Expects up to Rs 5,000 cr from IPO

The famous insurance company of the general insurance industry- National Insurance Company is all set to receive around Rs 5000 crore through the proceeds of planned public offer. According to the sources, the National Insurance Company (NIC) which is completely owned by the government of India, would use the amount to boost its capital base

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Tuesday September 19, 2017

*Information provided on this webpage/website is only for the purpose of general information & understanding of the topic. PolicyX or any of its subsidiaries does not endorse any of the information provided herewith and are committed in providing correct and unbiased information to its customers helping them make an informed decision.