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Old 10th October 2016, 09:19 AM
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Default What Does NICL Stand For

Can you tell me what does NICL stand for? Also tell me about the Products and Services offered by NICL in India?
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Old 10th October 2016, 09:55 AM
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Default Re: What Does NICL Stand For

National Insurance Company Limited (NICL) is a state owned general insurance company in India. It is headquartered at Kolkata was established in 1906 and nationalised in 1972.

Its range consists of a huge number of general insurance policies, offered to a wide arena of clients around different sectors of the economy viz. Banking, Telecom, Aviation, Shipping, Information Technology, Power, Oil & Energy, Agronomy, Plantations, Foreign Trade, Healthcare, Tea, Automobile, Education, Environment, Space Research etc. Apart from being a leading insurance provider in India, it also serves Nepal.

It was recognized as the highest in Customer Satisfaction by JD Power Asia Pacific 2010 India Auto Insurance Customer Satisfaction Index Study. It is also top PSU for Customer Service (HT - MaRS Survey of India's Best Medical Insurers).


Products and Services

NICL has a range of coverage policies targeting different sectors:
• Personal Insurance policies include medical insurance, accident, property and auto insurance coverage
• Rural Insurance policies provide protection against natural and climatic disasters for agriculture and rural businesses
• Industrial Insurance policies provide coverage for project, construction, contracts, fire, equipment loss, theft, etc.
• Commercial Insurance policies provide protection against loss and damage of property during transportation, transactions, etc.

Awards
It has been the recipient of various awards and accolades including:
• Business Leadership Award, 2012 by NDTV Profit,
• Digital Inclusion Awards 2012,
• Top 100 CISO Awards 2012,
• The Indian Insurance Awards 2013, 3rd Annual Edition, for -
• Best Under-served Market Penetration,
• Industry Champion - General Insurance - Rajesh Aggarwal, CMD, NICL.
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