#1
8th September 2015, 04:35 PM
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National Insurance Company Is Government or Private
Is National Insurance Company a Government company ? if yes tell about the functions of organization ?
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#2
9th September 2015, 10:44 AM
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Re: National Insurance Company Is Government or Private
Yes , National Insurance Company Limited (NICL) is a government insurance company. Company headquarter located at Kolkata was established in 1906. It is nationalized in 1972. Functions of National Insurance Company Limited Insure public properties Build sufficient reserves to increase risk retention capacity Insure properties other than public properties as and when directed by the Federal Government Advise the Government Departments on issue of risk management to adequately protect their assets at minimum cost Transfer surplus funds after meeting all management expenses, to the government exchequer. Insurance coverage: Fire and Property Damage Aviation Hull Marine Hull Marine Cargo Credit Risk and Surety ship Motor Liability Workers’ Compensation Accident and Health Engineering / Mechanicalmods Agri Loans Address: National Insurance Company Limited Kolkata, India |