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Insurance Companies 3864 views November 26, 2019
National Insurance Company Limited – Overview
|Company Name||National Insurance Company Limited|
|Company tagline||Insuring Your Happiness
Trusted Since 1906
|Owner||Government of India|
|Current CEO||K Sanath Kumar|
|Number of Employees||14000|
|Number of Offices||2000|
|Total assets||US$1.33 billion|
Being the oldest and most preferred insurance company in India, National Insurance Company Limited India was established in 1906 and has its headquarters in Kolkata. It is a state-owned general insurance company that was nationalised in 1972. National Insurance Company Limited is one of the leading insurance providing companies in India. Additionally, it also offers services to Nepal. It is a public sector industry that has approximately 14000 employees and over 2000 offices. Providing non-life insurance products, the company offers a great variety of general insurance products and services that serve various sectors of the society.
Table of Contents
Securing your property is of utmost importance. Hence, this policy offered by National Insurance Company Limited provides protection to your new property from destructive situations.
Standard Fire and Special Risks Policy (SFSP): Most of us work hard to fulfil our dream of purchasing our own house or office. It is important to protect your new property from unfortunate and undesirable disasters and fire. Hence a fire and risk insurance is a must.
Eligibility: An individual who owns a house, shop, commercial building, manufacturing unit, godowns, etc can avail this plan.
Coverage offered: Loss of any physical property due to earthquake, forest fire, terrorism and so on. Costs including the damages caused as well as fees of architects, surveyors, etc.
Health insurance plans offered by National Insurance Company Limited India is extremely significant. It offers 6 specially designed health plans that are well known by the customers. They are as follows:
Eligibility: The entry age for an individual is minimum 18 years of age and a maximum of 65 years of age. For dependent children, the minimum age criteria are 3 months and the maximum is 25 years. Whereas, for the Varishtha Mediclaim Policy for Senior Citizens the minimum entry age is 60 years and the maximum is 80 years.
Coverage offered: Room rent costs, maternity expenses, ambulance costs, pre and post-hospitalization costs, cashless treatment, medicine costs and so on.
There are two types of plans under this policy.
1.National Overseas Mediclaim Business and Holiday
This plan is curated for individuals who travel for business purposes, corporate issues or even for holidays. This plan secures you financially in case you fall prey to sickness or disease or face an accident during your travel abroad. It helps you receive the medical assistance you require in such situations without you having to worry too much.
2. National Overseas Mediclaim Employment and Studies Policy
For individuals (students or employees) travelling abroad for further studies or for employment purpose, this plan caters to the mandatory health insurance you must take before you go abroad.
Coverage offered by both plans respectively includes Medical evacuation costs, illness treatment expenses, medical emergency reunion, loss of baggage, loss of passport, etc.
The government of India has made it mandatory for all vehicle owners to have motor insurance. National Insurance Company offers these types of motor insurance:
This unique policy is best suited for individuals who are in the marine business that consists of great employment of ships, cargo and terminals for the purpose of raw material transportation. Being more susceptible to disasters and unfortunate destruction, marine businesses are constantly at the risk of losing all the revenues accumulated throughout. National Insurance Company Limited India offers 6 incredible marine insurance policies:
When establishing rural businesses, it is invariably significant to insure the land, stock, equipment, tools that are purchased for developing the business. National Rural Insurance Plans shield rural people from unforeseen situations like the destructive impact of man-made risks, fire, natural disasters, etc. People engaged in rural activities like farming, sericulture, agriculture, etc are usually covered under this policy.
Creation of buildings, power plants, cement plans, automobile manufacturing units, etc is on a rise. National Insurance Company Limited recognised the importance of safeguarding the plant and machinery involved in the same from unforeseen disasters, natural calamities and so on. Hence, the company offers five such engineering insurance plans:
This insurance policy protects all the minor misfortunes in a business. They are as follows:
National Insurance Company Limited has made the renewal procedure for policies very easy, convenient and simple. Along with other policies, you can easily do your National Insurance Mediclaim renewal, National Bima Swasthya Policy online.
You may visit the nearest branch office to renew your insurance policy or do it online.
Visiting the branch office, through login, contacting toll-free customer care numbers, through live chat and by sending an email.
Under the login option, select ‘customer’ and purchase the policy you wish to. To register, click on ‘register now’ on the company website.
The toll-free number of National Insurance is 1800-200-7710.
Our representative will call you within few minutes