Explore NIC Code For Udyog Aadhar Or LLP / Company Registration.
NIC Code 65200 - Reinsurance
National Industrial Classification 2008 (NIC-2008) Code 65200 is used for Reinsurance. 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 65200 is shown below.
| Level | Description |
|---|---|
| Section K | FINANCIAL AND INSURANCE ACTIVITIES |
| Division 65 | Insurance, reinsurance and pension funding, except compulsory social security |
| Group 652 | Reinsurance |
| Class 6520 | Reinsurance |
| Sub-Class 65200 | Reinsurance |
Why is NIC Code 65200 Important?
When registering your Reinsurance business in India, you'll need the NIC Code 65200 for official documentation and compliance. NIC Code 65200 ensures that your business is correctly categorized under Reinsurance for taxation and regulatory requirements.