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National Insurance Co. Ltd.

Personal Accident Insurance

National Insurance Company Limited (NIC) was incorporated in 1906 with its registered office in Kolkata. After the General Insurance Business Nationalization Act was passed in 1972, 21 foreign and 11 Indian insurers were amalgamated with it and NIC became a subsidiary of the General Insurance Corporation of India (GIC), a Government of India-owned entity.

In 2002, after the notification of the General Insurance Business (Nationalisation) Amendment Act, NIC has been de-linked from GIC; at present, it operates as a Government of India undertaking.

NIC is one of the leading public sector non-life insurance companies in India. It has a network of about 1000 offices and more than 16,000 personnel. Its foreign operations are carried out from its branch offices in Nepal and Hong Kong.

National transacts its business in the fire, marine and miscellaneous insurance sectors. It offers more than 180 policies catering to the diverse insurance requirements of its 10 million policyholders.


3 Insurance Plan available
Personal Accident Policy
  • Policy covers you against accidental death and disability
  • Reimburse medical expenses arising out of accident
  • Cumulative bonus 5% per claim free year available upto maximum of 50%
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NRI Accident Policy
  • Policy covers  Non-Resident Indians in the age range of 5 and 70 years
  • In case of family coverage, a family discount of 10% will be allowed
  • Sum assured available between 3 to 10 lakhs
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Traffic Accident policy
  • Covers personal accident and disability
  • Covers domiciliary hospitalisation
  • Reimburse the hospitalisation expenses
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Company Trust Note

This Know Your Insurance section covers only those products and sectors that are related to personal finance. The content available here has been collated from existing, publicly available information and are only indicative in nature. They are designed to give the user a general idea of insurers and products. The details given here should NOT be taken as the final word. The user must contact the respective insurer to get full details about any policy or product.

Apnainsurance.com is neither an insurance agent nor an insurance broker. Please consult your personal finance advisor, insurance agent, or broker before taking any decision to buy any insurance product.
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