- Additional coverage for loss of accessories
- Legal liability cover for paid driver
- Coverage personal accident available
- Additional coverage available for vehicles with anti theft devices installed
Most Popular Policies of National Insurance
- National Insurance Two Wheeler Policy
National Insurance Two wheeler Policy provides coverage for damage to two-wheeler vehicles used for social, professional and domestic purpose.
key features of National Insurance Two Wheeler Policy
- National Car Insurance Policy
National car insurance policies facilitate protection for damage to your car & also safeguard you in the cases of death, property loss or any injury to third party.
Key Features of National Car Insurance Policy
- Provides coverage in the case of third party liabilities
- Offers comprehensive cover expenses to both the third party vehicles & cars of the policyholders.
- Coverage for personal accident to the owners & other passengers are also available.
- Discount in premium is also available for special cars, designed for mentally & physically challenged people.
- National Insurance Mediclaim Policy
The National Mediclaim Policy comes with 1 year tenure and the sum insured range between Rs. 50,000 to Rs. 5 lakhs.
key features of National Mediclaim Policy
- Lifelong renewal option
- coverage for Ayurveda and Homeopathic treatment
- SMS alert for claim updates
- sum insured increases by 5% for every claim free year
- 50% reimbursement of pre-policy check-ups cost upon acceptance
About National Insurance Company Limited
National Insurance Company Limited is considered as the oldest general insurance company in India. The National Insurance Company Limited came into existence way back in 1906. However, the nationalization of National insurance co ltd dates back to 1972, 66 years after the inception of the National insurance company ltd. The slogan of National Insurance is ”Thoda Simple Socho”.
National Insurance Company was integrated with 11 indigenous organizations and 21 foreign establishments to form National Insurance company ltd. National Insurance Company Limited is one of the 4 subsidiaries of General Insurance Corporation of India owned by Government.
Achievements of National Insurance Company Limited
National Insurance India is the sole Public Sector General Insurance Company headquartered in Kolkata. Being the oldest PSGIC, National Insurance India is the pioneer to many significant milestones. National Insurance was the very first to launch customized insurance products for both rural and corporate sector.
The foundation of Techno Marketing Project Cells is the further extension of the trend of coming up with customized products. The Techno Marketing Dept. was designed to insure massive projects and to provide agrarian customer with offer the Farmers Package Policy to meet their needs. Moreover, National Insurance Company Limited was also the settler of Strategic Alliances in India.
National Insurance India tied up with M/s Maruti, the biggest automobile manufacturer in India and M/s. Hero Moto Corp, one of the leading Two Wheeler companies in the country. These collaborations led to a fundamental change in the method of Service Delivery for Motor insurance.
National Insurance India also merged with the ruling banking establishments of the country to become the founding-father of Bancassurance in India.
Facts and Figures of National Insurance Company Limited
National Insurance Company Limited boasts extensive network all over India. There are around 2000 offices across the country run by over 16000 insurance professionals. The operation of National Insurance India is not limited within within the country as they boast a presence in Nepal as well.
National Insurance India is the second largest non life insurance provider on the basis of gross direct written premiums or GDWP. Motor Insurance is the biggest segment of India’s insurance market. National Insurance India retained the biggest market share in motor insurance market among all insurance houses in India in terms of GDWP accumulated in the fiscal year of 2015.
Aside from a lion’s share in motor insurance, national insurance mediclaim policy and national health insurance schemes also have a fair share in the market. In total, National Insurance offers more than 200 policies to its 14 million policyholders.
Being the leader in North and East zones, the amount of premium recorded by National Insurance is Rs 11282.64 crore in the Fiscal Year of 2015. National Insurance recorded highest PBT or Profit Before Tax worth Rs 1196.74 crore surpassing its previous year’s total of 1007.82 crore.
The investment income have also increased from the earlier 2263 crore to Rs 2654 crore. contributed a handsome Dividend of Rs 165 crs in 2013 -14, The dividend to the National Exchequer for Fiscal Year of 2013-14 was Rs 165 crore for National Insurance Company Limited. The amount has increased to Rs. 195 crore in the fiscal year of 2015.
National Insurance Company Limited enjoys a B++ rating in financial strength by A.M. Best and a rating of bbb+ in issuer credit. The ratings show the consistent investment performance of the Company, its strong risk adjusted capitalization, and most vitally its robust presence in insurance sector of India. National Insurance was also rated as AAA by CRISIL in 2010.
National Insurance Online Renewal
The advent of internet has made National Insurance renewal process utterly easy. Now that National Insurance renewal can be done online you no longer have to spend a lot of time and effort in visiting the brick and mortar office of National Insurance Company Limited. The trend of National Insurance Online Renewal has become very popular among those who have secured policies from National Insurance Company Limited as the whole process of National Insurance online renewal now can be done within a few minutes from the comfort of policyholders’ home. Furthermore, National Insurance online renewal procedure can be carried out at any time of the day. This is why National Insurance online renewal is lot more conveneint than the traditional process of National Insurance policy renewal. Nowadays, most of the policyholders at Nationl Insurance Company prefers to visit national insurance company online for national insurance renewal online. Gone are the days when policyholders have to spend days in visiting your nearest branch office of National Insurance Company Limited, filling the form and complete the long process to renew your National Insurance policy renewal. So, if you have a policy from National Insurance company Limited and the time has come for national insurance policy renewal, your go-to method for national insurance renewal should be National Insurance renewal online. All you need to have is a computer with internet connection for a successful national insurance policy renewal.
Almost all policies available at National Insurance Company Limited come with 1 year policy period. To enjoy the benefit of continuous policy it is essential to get National Insurance renewal done every year. All policies at National insurance company ltd are eligible for online renewal be it a motor insurance, travel insurance or health insurance policy. The portal to visit National Insurance Company online Limited perform a lot of online services including National Insurance renewal online.
National Insurance Online Payment
The National Insurance Online Payment option has made the lives of the policyholders lot easier. They no longer have to visit the branch office for payment. Keeping the chanigng needs of customers across the country, National Insurance Online Payment facility has been incorporated. Now that all types of tasks can be carried out online, making payment is no exception. Most consumers have found National Insurance online payment mode user-friendly for a number of reasons.
Any customer of National Insurance co ltd is eligible for National India online payment. can pay their premiums through Online. Moreover, all National Insurance online policies come with online payment option. And, most importantly, policyholders can choose from different National Insurance Online Payment modes as per their convenience. These National Insurance online payment modes can be utilized to buy and renew policy. Purchasing National Insurance online policies has become popular among proposers and the practice of National Insurance Online Renewal has caught up among policyholders as well.
Products and Services on Offet at National Insurance
National Insurance boasts a wide range of insurance products and insurance related services to cater to diverse sectors. For individuals and families, National Insurance offer health insurance, motor insurance and the likes. National Insurance further safeguards rural businesses from various climatic calamities by providing rural Insurance policies. National Insurance also caters to industry related risks by providing many industrial Insurance plans. National Insurance also has a lot of commercial insurance covers in store to protect property damage.
Awards won by National Insurance
National Insurance won various awards over the years. In 2012, National Insurance won three awards. NDTV Profit conferred National Insurance with Business Leadership Award. Aside from this honour, National Insurance also won Top 100 CISO Awards and Digital Inclusion Awards in 2012. National Insurance also bagged the 3rd Annual Edition of The Indian Insurance Awards 2013. National Insurance won this award for Best Under-served Market Penetration. Rajesh Aggarwal, the CMD of National Insurance won this award as well for being the Industry Champion in General Insurance.
Recognitions Earned by National Insurance
National Insurance ranked at the top in the Auto Insurance Customer Satisfaction Index Study. The study in which National Insurance achieved highest rank was conducted by JD Power Asia Pacific 2010 India. National Insurance was also considered as the Top PSU for Customer Service in a survey carried out by HT and MaRS in collaboration to locate the Best Medical Insurers in India.
Latest Happenings of National Insurance
Apart from the awards and recognitions, National Insurance makes news every now and then for several different reasons. Here are some new happenings at National Insurance worth a mention.
Solvency ratio of National Insurance has gone down
The prescribed solvency ratio is 1.5 by IRDA, however, National Insurance’s ratio is 1.2 now. But, National Insurance’s fair value worth Rs 6,000 crore and real estate properties are not used for solvency ratio calculation. According to the chairman of the National Insurance, the company has decided to exit high-risk portfolios and will issue more health and car insurance plans. National Insurance also decided to raise capital through its share listing on stock exchange. National Insurance have already submitted the proposal for the same to the Government.
National Insurance is all set for strategic sell of shares
In spite of the green signal from Government for listing its share to public, National insurance prefers a strategic sell of shares initially before offering stakes to public. According to Insurance Laws ( Amendment) Act 2015, Government can dilute up to 51% share PSU insurance firms like National insurance.
Products and services on offer at National Insurance
- National Insurance Varistha Mediclaim Policy
Click here > >
National Motor Insurance Plans
- National Insurance Private Car Policy Click here > >
National Travel Insurance Plans
National Two Wheeler Insurance Plans
Contact Details – National Insurance Company :
3, Middleton Street, Prafulla Chandra Sen Sarani,
Kolkata, West Bengal, 700071