National Insurance Company LimitedUnsecured Subordinated Fully paid up Listed Redeemable Non Convertible Debentures Seri

National Insurance Company LimitedUnsecured Subordinated Fully paid up Listed Redeemable Non Convertible Debentures Seri is an Indian bond issuer with one outstanding bond (ISIN) recorded on this page. The bond has ISIN INE168X08014 and is a subordinated ncd (tier ii). It carries a stated coupon of 8.35% a year, matures on 26 Mar 2027 and had an issue size of ₹895 crore. NSDL records it as unsecured. Latest credit ratings on record: ICRA A+ (Negative) (action dated 31 Aug 2026); CRISIL A+ (Negative) (action dated 16 Apr 2026). Verify current terms against the official documents linked on this page.

Data as of 29 Oct 2026 · How this page is compiled

Issuer overview

Legal name
National Insurance Company Limited
CIN
U10200WB1906GOI001713
LEI
335800AIZMUXDNSPLV79
Business
Finance
Ownership
Public Sector Undertaking (PSU)
ISIN issuer code
INE168X
Outstanding bonds (ISINs)
1
Stated coupons (fixed rate)
8.35%
Maturity dates
26 Mar 2027
Secured (NSDL)
0 of 1
Combined issue size of outstanding bonds
₹895 crore

Issue size is the amount each bond raised when it was issued, as recorded by NSDL. It is not the amount still outstanding today (bonds can be partly redeemed or bought back) and not the company's total debt.

National Insurance Company LimitedUnsecured Subordinated Fully paid up Listed Redeemable Non Convertible Debentures Seri bonds: ISIN, coupon and maturity

1 outstanding bond, by maturity date.

ISIN Type Coupon Interest paid Allotted Maturity Face value Issue size (₹ cr) Security Guarantee Rating (NSDL)
INE168X08014 Subordinated NCD (Tier II) 8.35% Yearly 27 Mar 2017 26 Mar 2027 ₹10,00,000 895 Unsecured None recorded CRISIL A+ 16 Apr 2026
  • Outstanding means the maturity date has not passed, according to the depository record. It does not confirm that a bond has not been redeemed early, called or bought back.
  • Type, coupon, interest frequency, allotment date, issue size, security and guarantee are as recorded by NSDL India Bond Info, the depository's record of each ISIN. Search an ISIN on NSDL India Bond Info to see its full record.
  • "Secured" and "Guarantee" are NSDL's classification. What the security is, the asset cover and the terms of any guarantee or co-obligor are in the offer document and the debenture trust deed; this page does not infer them.
  • Prices and yields are not shown. They change with every trade: see BSE and NSE.

National Insurance Company LimitedUnsecured Subordinated Fully paid up Listed Redeemable Non Convertible Debentures Seri credit rating

Latest rating by agency on the outstanding bonds (NSDL India Bond Info)
Agency Rating Outlook Latest action Action date Bonds Status
ICRA A+ Negative Reaffirm 31 Aug 2026 1 Checked 28 Oct 2026
CRISIL A+ Negative Downgrade 16 Apr 2026 1 Checked 28 Oct 2026
Rating history
Date Agency Rating Outlook Action
31 Aug 2026 ICRA A+ Negative Reaffirm
16 Apr 2026 CRISIL A+ Negative Downgrade
12 Sep 2025 ICRA A+ Stable Reaffirm
17 Apr 2025 CRISIL AA- Negative Reaffirm
17 Sep 2024 ICRA A+ Stable Reaffirm
19 Sep 2023 ICRA A+ Stable Reaffirm
27 May 2022 CRISIL AA- Stable Downgrade
27 May 2022 CRISIL AA- Negative Downgrade
14 Oct 2021 ICRA A+ Stable —
19 Oct 2020 ICRA A+ Negative —
19 Oct 2020 ICRA A+ Stable —
30 Mar 2020 CRISIL AA Negative —
12 Mar 2020 ICRA AA- Negative —
26 Dec 2018 ICRA AA Negative —
23 Mar 2017 ICRA AA+ — —

Rating actions on the issuer's bonds as recorded by NSDL, newest first. Earlier lines are history, not the current rating.

A credit rating is the agency's opinion and can change at any time. Check the agency's website for the latest action: CRISIL, ICRA

Private placements and disclosure documents

Allotted ISIN Redemption Disclosure documents
27 Mar 2017 INE168X08014 26 Mar 2027 Placement memorandum on BSE

From BSE's list of privately placed debt. The documents are the issuer's own; the offer document and debenture trust deed are the authoritative source for each bond's terms.

National Insurance Company LimitedUnsecured Subordinated Fully paid up Listed Redeemable Non Convertible Debentures Seri bonds: questions and answers

What bonds has National Insurance Company LimitedUnsecured Subordinated Fully paid up Listed Redeemable Non Convertible Debentures Seri issued?

National Insurance Company LimitedUnsecured Subordinated Fully paid up Listed Redeemable Non Convertible Debentures Seri has one outstanding bond recorded on this page. By type, as described by NSDL: 1 subordinated ncd (tier ii).

What is the ISIN of the National Insurance Company LimitedUnsecured Subordinated Fully paid up Listed Redeemable Non Convertible Debentures Seri bond?

The bond recorded on this page has ISIN INE168X08014. Indian ISINs of the same issuer share the first seven characters (INE168X), the issuer code.

What is the coupon rate on the National Insurance Company LimitedUnsecured Subordinated Fully paid up Listed Redeemable Non Convertible Debentures Seri bond?

Bond INE168X08014 carries a stated coupon of 8.35% a year, according to NSDL India Bond Info. The coupon is not the yield: the yield an investor earns depends on the price paid.

When does the National Insurance Company LimitedUnsecured Subordinated Fully paid up Listed Redeemable Non Convertible Debentures Seri bond mature?

Bond INE168X08014 has a maturity date of 26 Mar 2027. It was allotted on 27 Mar 2017.

What is the latest credit rating of National Insurance Company LimitedUnsecured Subordinated Fully paid up Listed Redeemable Non Convertible Debentures Seri bonds?

NSDL India Bond Info records ICRA A+ (Negative) (action dated 31 Aug 2026); CRISIL A+ (Negative) (action dated 16 Apr 2026) on its outstanding bonds. Checked on NSDL on 28 Oct 2026. A rating is the agency's opinion and can change at any time.

Is the National Insurance Company LimitedUnsecured Subordinated Fully paid up Listed Redeemable Non Convertible Debentures Seri bond secured, unsecured or guaranteed?

NSDL records bond INE168X08014 as unsecured and not guaranteed. What the security is, the asset cover and the terms of any guarantee or co-obligor are set out in the offer document and the debenture trust deed; this page does not infer them.

Where can investors find the original disclosure documents for National Insurance Company LimitedUnsecured Subordinated Fully paid up Listed Redeemable Non Convertible Debentures Seri bonds?

Each ISIN's record, including its terms and rating history, is on NSDL India Bond Info (search the ISIN). The offer document (shelf prospectus, tranche prospectus or general information document and key information document) and the debenture trust deed set out the full terms; listed issuers publish them on BSE or NSE. For the private placements listed on this page, each row links to the disclosure documents on BSE.

How can investors check the current market price or yield of National Insurance Company LimitedUnsecured Subordinated Fully paid up Listed Redeemable Non Convertible Debentures Seri bonds?

This page does not show prices or yields. Trades in these bonds are reported on BSE and NSE, which publish the price and yield of each trade, usually by the end of the trading day. Many corporate bonds trade rarely, so a recent price may not exist; an old trade is not a current price.

Sources and dates

Data as of 29 Oct 2026. Facts on this page last changed on 29 Oct 2026. Rating dates above are the agencies' action dates, which can be much older than the data date. This page is for information only. It is not investment advice, a credit rating or a recommendation to buy, sell or hold any security. Facts are taken from the issuer's own documents and the sources linked on this page; check them with the source before investing.

Bond Interpretation
Bond Interpretation
Bond Interpretation is Newsinterpretation's desk for Indian bond issuers. Its issuer profiles are compiled automatically from issuers' own disclosures and public records (NSDL India Bond Info, BSE), with research and editorial review by Riskpro. Profiles are information, not investment advice.

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