National Insurance Company Limited

National Insurance Company Limited

National Motor Insurance

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 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.

Motor Insurance Contracts are matters of the basic principles appropriate to property and liability insurance in general. The owner of the motor should be a registered owner of the vehicle whereby he or she stands to help by the safety of the vehicle, right, interest or freedom from liability and stands to lose by any loss, damage, injury or creation of liability.

Types of Motor Insurance Plans

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

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.

Other Insurance Plans of NIC

-Health Insurance
-Personal Insurance
-Rural Insurance
-Industrial risk insurance
-Commercial Risk Insurance

Claim Form

Motor Insurance Claim Form

Motor Insurance Claim Form PDF Download



Premium Comparison of Top 5 Companies With National Insurance Company Limited




Company Name 2013 2014
The New India Assurance Company Limited37964605
United India Insurance Company Limited33903710
The Oriental Insurance Company Limited24042639
National Insurance Company Limited42944839



Contact Address

National Insurance Company Limited

3, Middleton Street, P.B. No. 9229, KOLKATA 700 071.

E-mail: faf@nic.co.in

Tel : 033-22831705 to 9 , Fax : 033-22831712


Latest National Motor Insurance News

Soft Reinsurance Rates a Worry: National Insurance Company

National Insurance CMD, Sanath Kumar stated that the international rates for reinsurance products have remained soft for the last 6-7 years. The markets have been flush with capital. CAT bonds that are issued for catastrophic events have proved popular as they offer 4-5 times returns. “Currently some of the insurance portfolios like motor and health

Read More...

Friday October 28, 2016

National Insurance ‘Ready’ for Listing in Bourses

On Wednesday, the National Insurance Company said that it is ready if the authority starts the procedure of listing of state-run general insurance companies on the stock exchanges. “In principle, the government announced that government-owned companies would be up for listing. We are ready if they want to start the process. It’s the government’s call, they have

Read More...

Friday March 18, 2016

General Insurance: Senior Posts Vacant

In the general insurance industry, numerous senior profiles are vacant. This is especially in the state-owned insurance companies. The vacant profiles are of the Chairman and Managing Director (CMD) at National Insurance Company, General Insurance Corporation of India, apart from member (non-life) and Insurance Regulatory and Development Authority of India (IRDAI). In the National Insurance Company,

Read More...

Wednesday December 09, 2015

Soft Reinsurance Rates a Worry: National Insurance Company

National Insurance CMD, Sanath Kumar stated that the international rates for reinsurance products have remained soft for the last 6-7 years. The markets have been flush with capital. CAT bonds that are issued for catastrophic events have proved popular as they offer 4-5 times returns. “Currently some of the insurance portfolios like motor and health

Read More...

Friday October 28, 2016

National Insurance ‘Ready’ for Listing in Bourses

On Wednesday, the National Insurance Company said that it is ready if the authority starts the procedure of listing of state-run general insurance companies on the stock exchanges. “In principle, the government announced that government-owned companies would be up for listing. We are ready if they want to start the process. It’s the government’s call, they have

Read More...

Friday March 18, 2016

General Insurance: Senior Posts Vacant

In the general insurance industry, numerous senior profiles are vacant. This is especially in the state-owned insurance companies. The vacant profiles are of the Chairman and Managing Director (CMD) at National Insurance Company, General Insurance Corporation of India, apart from member (non-life) and Insurance Regulatory and Development Authority of India (IRDAI). In the National Insurance Company,

Read More...

Wednesday December 09, 2015