Visakhaptnam: General insurance major, National Insurance Company (NIC) announced that the company earned a profit of Rs 75 crore for the year 2010-11.
Addressing a press conference after inaugurating the 26th Regional Office here, Chairman and Managing Director NSR Chandra Prasad said the company had set a target of Rs 8080 crore for the year 2011-12 and had already achieved business of Rs 3670 crore in the first six months.
It had clocked a business of Rs 6,245 crore last year and had tied up with companies like Maruti, Hero Honda, Ashok layeland tata Motors and others.
He said that the company tied up with the Maharastra Government for their health insurance scheme – Rajiv Gandhi Jeevan Aarogya Scheme which was being implemented in eight districts.
It plans to set up second regional office in Jodhpur in Rajasthan, third regional office at New Delhi and at present it has 1350 branches and 26 regional offices across the country.
The company also plans introduce new products---Credit Insurance Product and Agricultural insurance product soon.
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