National Insurance

National Insurance is a general insurer headquartered in Kolkata, established in 1906 — 120 years in the market. The company operates in India across health and motor. We currently track 1 product from National Insurance on World Best Insurer.

National Insurance's most recent disclosed claim settlement ratio is 88.9% (FY2023-24), which we read as in the middle of the pack. That sits roughly 6.299999999999997 percentage points below the median insurer in the country — worth weighing against premium savings, since one denied claim can outweigh many years of lower premiums. This figure has been verified by our editorial team against the publishing regulator.

National Insurance is a two-line specialist (health, motor), with 1 product listed in our database for this country. That category breadth is wider than the typical insurer in the country (median of 1 lines per insurer), which usually reflects a bundling strategy — buy more than one line, get a multi-policy discount and one customer-service relationship to manage. Operating with a single flagship product (rather than a tiered portfolio) is unusual and often reflects either a focused strategy or a portfolio that we haven't yet fully indexed.

For health products, National Insurance lists a cashless hospital network of 8,100 facilities. That is broadly in line with the median peer (9,300 hospitals). Network coverage matters most outside metro cities — the headline number tells you the ceiling, not the actual density wherever you happen to need care, so cross-check with the insurer's online network search before signing.

When evaluating National Insurance against other insurers in India, the metrics that matter most depend on the policy you are buying. For term life, claim settlement ratio and financial strength carry the most weight — the policy is worth nothing if the claim is denied at maturity. For health, the network breadth, pre-existing waiting period, and the specific exclusions list matter more than the headline premium difference. For motor, the depreciation schedule and the cashless garage network determine the real economic value of a claim. For travel, the medical evacuation limit and the list of excluded adventure activities are the two clauses to read before buying. National Insurance's individual products are listed below — click into any plan to see our peer-aware analysis of where it sits within health.