A Brief Guide On National Insurance Company

Tuesday, September 4, 20120 comments


Formed in 1906, National Insurance Company Limited (NIC) has its registered office in Kolkata. One of the highly reputable public sector insurance companies in India, NIC is successfully carrying out non-life insurance business. It has a network of nearly 1000 offices, manned by over 16,000 skilled personnel, which are spread in different parts of the country, including remote rural areas, townships and metropolitan cities. NIC has its presence in other countries also and its foreign operations are successfully carried out from its branch offices of Nepal.

Offering the vast product ranges, of over 200 insurance policies, NIC is catering to diversified insurance requirements of its more than 14 million policyholders. The company is offering innovative and customized policies which in turn ensure that all specialized insurance requirements are also fully met. It is transacting general insurance business, covering health, fire, marine and miscellaneous insurance.

National Health Insurance plans include Critical Illness Policy (covering coronary artery surgery, cancer, renal failure, major organ transplant, stroke or multiple sclerosis, etc., coverage to 20-65 years age group, etc.), Mediclaim Policy (covering room, boarding expense, fees of surgeon, anesthetist, medical practitioner, consultant and specialist, cumulative bonus, etc.), Parivar Mediclaim (covering room, boarding expenses, anaesthesia, blood, oxygen, OT charges, surgical appliances, etc.)

National Health Insurance is fulfilling varied insurance requirements of people. There are other types of medical plans also, including Bank of India (BOI) National Swasthya Bima (For BOI account holders, covering room, boarding expenses as provided by the hospital/nursing home, maternity benefit and baby care expense etc.), Overseas Mediclaim (loss of checked in baggage, loss of passport, etc.) and Varistha Mediclaim for Senior Citizens (critical illness covered, ambulance charges, hospitalization expenses of person donating an organ, room, boarding expenses a provided by the hospital/nursing home, etc.) 
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