Details of National Insurance Recruitment: NIC is India's oldest general insurance Company. It was incorporated in Kolkata on 5th December 1906 to meet the nationalist aspiration for Swaraj. 66 years later, after nationalisation, it was consolidated along with 21 foreign and 11 Indian companies to form National Insurance Company Ltd, one of the 4 subsidiaries of the Govt. owned General Insurance Corporation of India.
With a workforce of 14902 skilled workers and 1998 offices all over India including operations in Nepal, National Insurance stands tall today as India's 2nd largest non-life insurer as measured by its gross direct written premiums (GDWP). Motor insurance is the market's largest segment, and National had the largest market share in motor business among India's insurers in terms of GDWP in FY 15. The leader in 2 zones ie North and East, NIC recorded a premium of Rs 11282.64 crore in FY 15 recording its highest PBT of Rs 1196.74 crore as against 1007.82 crores in the previous year. Investment Income increased to Rs 2654 crs from the earlier 2263 crs. NIC contributed a handsome Dividend of Rs 165 crs to the National Exchequer in 2013 -14, the Dividend for FY 15 is Rs 194 crs
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