# National Insurance Company

National Insurance Company is an Insurance based in Kolkata, India.

## Overview

- **Organization type:** Insurance
- **Headquarters:** Kolkata, India
- **Region:** Asia
- **Address:** 3, Middleton Street, Kolkata 700071, India
- **Founded:** 1906
- **Assets under management:** Undisclosed
- **Website:** nationalinsurance.nic.co.in
- **LinkedIn:** https://www.linkedin.com/company/nationalinsuranceindia
- **Wikidata:** Q126084200

## Regulatory record

- **Reports private funds:** No

## About

National Insurance Company Limited is a state-owned general insurance company based in Kolkata, West Bengal. It offers health insurance, personal accident insurance, householders' insurance, shopkeepers' insurance, motor vehicle insurance, and rural insurance.

## Sectors

- Real Estate
- Infrastructure
- Private Credit

## Offices

- New Town, Kolkata, India
- Various locations, Nepal

## People

- Government of India — Owner

## Questions

### Who controls National Insurance Company?

The Government of India, through the Ministry of Finance, is the sole owner. NICL was nationalized in 1972 under the General Insurance Business Act and operates as a statutory corporation. Board appointments and strategic direction are determined by the government.

### How does National Insurance Company invest its corpus?

NICL's investment approach is governed by IRDAI regulations requiring prescribed minimum allocations to central government securities, state government loans, and infrastructure investments. The portfolio spans sovereign bonds, corporate debt, equity, and directly held commercial real estate such as its Kolkata headquarters.

### What is NICL's relationship with GIC Re?

General Insurance Corporation of India (GIC Re) serves as NICL's principal domestic reinsurance partner. Both are government-owned entities, and the reinsurance relationship influences NICL's underwriting capacity and, by extension, the size of the premium float available for its investment corpus.

### Does NICL maintain any international operations?

Yes. NICL operates branch offices in Nepal, making it one of the few Indian state-owned general insurers with a direct physical presence outside India. Its international engagement also includes membership in the Federation of Afro-Asian Insurers and Reinsurers.

### What is the origin of National Insurance Company's investment capital?

NICL's investment corpus is not wealth in the family-office sense. It derives from premiums collected over more than a century of general insurance underwriting across India, regulated by IRDAI, and reinvested according to statutory mandates that prioritize policyholder security and national infrastructure development.

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Last updated: 2026-06-03T20:00:00.000Z

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