Explore NIC Code For Udyog Aadhar Or LLP / Company Registration.
NIC Code 65110 - Life insurance
National Industrial Classification 2008 (NIC-2008) Code 65110 is used for Life insurance. National Industrial Classification 2008 seeks to provide a basis for the standardized collection, analysis and dissemination of industry (economic activity) wise economic data for India. NIC code id required to obtain Udyog Aadhar or register a Company / LLP in India.
National Industrial Classification 2008 (NIC-2008) Code Structure
All the activities are grouped into several "activity groups" or "tabulation categories" in a hierarchical manner. Activities are first grouped into ‘section’ alphabetically coded from A through U, every section is divided into ‘division’ with 2-digit numeric code, every division into ‘group’ with 3-digit numeric code, every group into ‘class’ with 4-digit numeric code and every 4-digit class into 5-digit 'sub-class'.
The structure for NIC Code 65110 is shown below.
| Level | Description |
|---|---|
| Section K | FINANCIAL AND INSURANCE ACTIVITIES |
| Division 65 | Insurance, reinsurance and pension funding, except compulsory social security |
| Group 651 | Insurance |
| Class 6511 | Life insurance |
| Sub-Class 65110 | Life insurance |
Why is NIC Code 65110 Important?
When registering your Life insurance business in India, you'll need the NIC Code 65110 for official documentation and compliance. NIC Code 65110 ensures that your business is correctly categorized under Life insurance for taxation and regulatory requirements.