Definition: The term "962 insurance code" refers to a series of numbers, letters, or symbols used as part of an identification number in a type of insurance policy that was initially issued by the National Insurance Authority (NIA) in India. 1.

Insurance Policy Number

: This is the first four digits of the insurance policy code. It usually starts with "962" and increments to 1000, which represents each successive year's insurance policy number. 2.

Policy Year or Number

: The next three digits after the Insurance Policy Number represent the year in which the policy was issued. This is typically a four-digit number that corresponds to the calendar year. 3.

National Insurance Authority (NIA)

: The NIA, or National Insurance Authority, is responsible for issuing insurance policies. It is one of India's major government departments and provides services such as insurance administration, health insurance, and pension plans. This code is unique to each NIA policy and is used for identification purposes. 4.

National Insurance Number

: These three-digit numbers are the second part of the insurance policy code. They serve as a unique identifier assigned to the individual or entity that received the insurance policy from the NIA, typically representing an individual's name or company's registration number. 5.

Insurance Policy Type

: The last four digits after the National Insurance Number represent the type of insurance policy being offered. This can include policies for home, car, health, and life. Each insurance provider has its own unique code. Understanding the specifics of insurance policy codes in India requires detailed knowledge of insurance regulations, which may vary by country or region. The NIA is responsible for maintaining accurate records and issuing codes to facilitate efficient insurance management and transactions within the Indian insurance market.

962 insurance code