National Insurance Company Limited (NICL) is the oldest non-life general insurance company of India. It was established on 5th December 1906 at Kolkata. National Insurance Company was set up largely on the nationalism principles of Swaraj (self-government). NICL was nationalized after 66 years in the year 1972. Thereafter the company was merged with 21 foreign companies and 11 Indian insurance companies and that’s how National Insurance Company Limited was consolidated into one. It is now one of the 4 largest general insurance subsidiaries entirely owned by Government of India.
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