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Service Category: Financial Services
NIC is the oldest Insurance Company in India. Since incorporation in the year 1906, NIC has been carrying on general insurance business under private management until 1972, when its services were dedicated to the nation by the General Insurance Nationalization Act. NIC started functioning as a subsidiary of the General Corporation of India (GIC) taking in its fold 22 foreign and 11 Indian Insurance Companies which were amalgamated with it.
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