National Insurance Company aims at 20% premium growth

National Insurance Company Limited aims at 20% premium growth.

National Insurance Company Limited (NICL),NICL-National Insurance Company Limited a public sector non-life (General) insurance company, aims to achieve 20 per cent growth in premium in 2013-14. The company had posted 18 per cent growth in gross written premium at Rs 9,195 crore in 2012-13.

NICL also witnessed a marginal decline in claims ratio at 86 per cent in 2012-13 against 88 per cent in 2011-12.

The company’s profit after tax grew 115 per cent to Rs 696 crore in 2012-13, said a press statement issued by National Insurance Company.

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