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Private company

National Insurance Company Limited

Logo: National Insurance Company, Non-free logo, via Wikipedia3

Indian public-sector insurance company

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. National Insurance Company Limited (NICL) is an Indian public sector general insurance company owned by the Government of India and headquartered in Kolkata.Established in 1906 by Gordhandas Dutia and Jeevan Das Dutia. National Insurance Company and Asian Insurance company was nationalised in 1972.2 Wikipedia text CC BY-SA 4.0

Last updated Oct 21, 2026.

Overview

1906Founded1

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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. National Insurance Company Limited (NICL) is an Indian public sector general insurance company owned by the Government of India and headquartered in Kolkata.Established in 1906 by Gordhandas Dutia and Jeevan Das Dutia. National Insurance Company and Asian Insurance company was nationalised in 1972. Its portfolio consists of a multitude of general insurance policies, offered to a wide arena of clients encompassing different sectors of the economy. Apart from being a leading insurance provider in India, NICL also serves in Nepal.2

The story

After nationalisation in 1972, NICL operated as a subsidiary of General Insurance Corporation of India (GIC).

National Insurance Company Limited was spun off as a distinct company under the General Insurance Business (Nationalisation) Amendment Act in 2002. In April 2004, NIC signed an agreement with Nainital Bank for distribution of its general insurance products through the bank's branches in Uttarakhand, Haryana and New Delhi.

From Wikipedia’s article on National Insurance Company, shared under CC BY-SA 4.0.4

Subsidiaries and ownership

Owners

  • Government of India

From Wikidata.1

Timeline

  1. 1906Founded Founded1

Sources

The numbers on this page point here. Each one links to the record it came from.

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