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National Insurance
Kolkata based National Insurance Company Limited will be completing 103 years of service to the nation on 6th. of December, 2009.
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| CNBC Awaaz Consumer Awards 2009
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National Insurance Co Ltd awarded "Most Preferred Non Life Insurer" by CNBC AWAAZ Consumer Awards 2009
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| BOI, NIC launch health policy
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Bank of India (BOI) on Friday launched a co-branded family helath insurance policy with Kolkata-based National Insurance Company (NIC). It will offer the product to its 2.5 crore-odd deposit holders. Courtesy: The Economic Times, Kolkata 24th February, 2007.
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| Insurers come together to combat fraud
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General Insurers are looking at the possibility of sharing data on fraud among themselves to control fraudulent claims. Additionally, it is trying to attain legal immunity from sharing information on fraudulent claims among themselves, as well as with other financial institutions, regulators, statutory agencies and departments. Courtesy: Economic Times
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| JNPT purchased Rs7,000 crore cover from NIC
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JNPT purchased Rs7,000 crore cover from NIC
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| NIC to launch four policies
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National Insurance Company Ltd. will launch four products this fiscal to take on competition. Three of these policies would pertain to health insurance while one would be a micro-insurance scheme. One of the health insurance products would be aimed at those below 25 years of age and be launched in June. The remaining two would specifically target senior citizens and the whole family with the scheme for the former slated for a launch in August. NIC would soon seek IRDA approval for the mico-insurance product.
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| NIC premium income rises
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National Insurance Company Ltd. has recorded a premium income of Rs 3,810.65 crore. Of this, Rs3,799.91 crore pertains to premium earned in India. It retained the second position in the Indian general insurance industry, registering the highest growth of 12.08%. The profit before tax during 2004-05 stood at Rs141.21 crore compared with Rs73.01 crore in the year-ago period. The claim disposal and policy issuance ratios have also increased from 68.02% to 70% and from 99.23% to 99.56% respectively.
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| NIC and UCO Bank launches UCO Medi + Care Bima
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National Insurance Company & UCO Bank, under their tie-up, has launched a new product UCO Medi + Care Bima, that covers medical and personal accident needs of a family in a single policy at an attractive premium.
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| NIC bags mandate from GMR, SpiceJet
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National Insurance Company has bagged mandates from GMR, the infrastructure company that has taken up airport modernisation projects, and SpiceJet, the new-generation airline, as part of its efforts to step up its business.
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