BANKING AFFAIRS

Detailed explanation-1: -National Insurance Company Limited is India’s Oldest General Insurance Company. It was incorporated in Kolkata, West Bengal on December 5, 1906 to fulfil the nationalist aspiration for Swaraj.

Detailed explanation-2: -Trusted Since 1906 National Insurance Company Limited is India’s Oldest General Insurance Company.

Detailed explanation-3: -National Insurance Company, India ‘s oldest insurance company incorporated in 1906, celebrated its 113th Foundation Day at the site of its new state of the art building for its.

Detailed explanation-4: -Accordingly, GIC was incorporated on 22 November 1972 as a private company under Companies Act, 1956 in Bombay and received its Certificate for Commencement of Business on 1 January 1973.

Detailed explanation-5: -National Insurance Company Limited is a Union Govt company, incorporated on 04 Dec, 1906. It’s a public unlisted company and is classified as’company limited by shares’. Company’s authorized capital stands at Rs 20000.0 lakhs and has 50.0% paid-up capital which is Rs 10000.0 lakhs.