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National Insurance Company Limited (NICL)

Category:
  • Finance
  • Insurance
Focus:
  • Economic
Location:
  • National
Organization Description:

National Insurance Company Limited (NICL) is a public-sector general insurer headquartered in Kolkata and owned by the Government of India. Its rural portfolio includes crop, livestock, and aquaculture insurance, and it participates in government schemes such as PMFBY and Aam Aadmi Bima Yojana, reaching agricultural households through a nationwide branch and agent network.

Role in Indian Shrimp Aquaculture: NICL offers shrimp-inclusive aquaculture insurance under its rural portfolio, covering disease outbreaks such as WSSV, IMNV, and AHPND, as well as water-quality failures including ammonia/nitrite spikes and low dissolved oxygen levels. The insurance also covers natural disasters like cyclones, floods, and heavy rainfall. The insurer supports NFDB pilot programs and state-level aquaculture initiatives designed for shrimp farms, following 100–150-day Vannamei production cycles.
Contact: customer.support@nic.co.in
Website: nationalinsurance.nic.co.in
Initiative in Andhra Pradesh:
  • Group Accident Insurance scheme (GAIS)
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