Explore NIC Code For Udyog Aadhar Or LLP / Company Registration.
NIC Code 65120 - Non-life insurance
National Industrial Classification 2008 (NIC-2008) Code 65120 is used for Non-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 65120 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 6512 | Non-life insurance |
| Sub-Class 65120 | Non-life insurance |
Why is NIC Code 65120 Important?
When registering your Non-life insurance business in India, you'll need the NIC Code 65120 for official documentation and compliance. NIC Code 65120 ensures that your business is correctly categorized under Non-life insurance for taxation and regulatory requirements.