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Security Name: 8.35% National Insurance Company Limited 26 Mar 2027

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ISIN:
INE168X08014
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Taxable

Tax Category

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26 Mar, 2027

Maturity Date
(2 Yr 3 Mo 2 D to mature)

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Yearly

Interest Payment Frequency

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Yes

NRI Eligibility

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27 Mar, 2017

Allotment Date

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NA

Put Date

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27 Mar, 2025

Next Interest Payment Date

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15 days

Shut Period

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Both

Active on NSDL/CDSL

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Non-Guaranteed

Type of Guarantee

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No

Perpetual

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Private Placement

Mode of Issue

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Listed

Listing Details

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Public Sector Undertaking

Type of Issuer

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Quote Not Available

Dirty Price

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8.35%

Coupon

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Fixed Interest

Coupon Basis

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NaN%

Current Yield

YOUR EARNING
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Your Investment

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Final Payout

₹0

Error Generating Cashflow 😥. We are looking into this.

*All Interest Payments will be subject to TDS (Not Applicable on Government Securities and Tax Free Bonds)
YOUR RISK
Credit Rating
Low SafetyHigh Safety
A+ /Stable
ICRA
AA- (Stable)
CRISIL
Senior

Repayment Priority

Higher the level, higher the priority of investment repayment on default

Unsecured

Security with Collateral?

An investment secured with collateral helps

ISSUER
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National Insurance Company Limited

National Insurance Company Limited is India’s oldest general insurance company. It was incorporated in Kolkata, West Bengal on December 5, 1906. After the passing of the General Insurance Business Nationalization Act in 1972, it was merged along with 21 foreign and 11 Indian companies to form National Insurance Company Limited, one of the four subsidiaries of General Insurance Corporation of India (GIC), fully owned by the GoI.

The ratio in FY24 is -7.22x and it was -2.87x in FY23, indicating decrease in debt level due to decrease in the debt level in FY24.

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Debt/EBITDA

The ratio in FY24 is -1.66x and it was -4.17x in FY23, indicating weakened debt servicing ability of the issuer, due to increase in the interest expenses which led to increase in the finance cost in FY24.

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Interest coverage ratio

Recent News
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Finance Ministry To Take A Call On Rs 3,000 Crore Fund Infusion Based On Performance Of PSU General Insurers

Jun 01, 2023 | National Insurance Company Limited

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National Insurance Company to Compensate for Earthquake Damages, Awards Rs. 6 Lakhs Compensation

Apr 02, 2024 | National Insurance Company Limited

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National Insurance Company aims for Rs 100-200 cr profit in FY25

Oct 21, 2024 | National Insurance Company Limited

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STEPS TO BUY THIS BOND
Complete KYCe-KYC approval in just 5 minutes!Place your OrderSwipe right to buy this Bond.Transfer funds to ICCLUse Net Banking or visit your nearest branch.SettlementSit back and relax, while we deliver your Security!
Information required for KYC
PAN Card
Bank Account Proof
Aadhaar Card
Demat Account Proof
How to exit the investment?
At MaturityThe Issuer will return your principal and redeem the bond
Sell your bond anytimeYou can sell your bond anytime you want by reaching out to your Relationship Manager.
E-Book
To know more about the Bond and the issuer, download the Information Memorandum.
E-Book
To read about the reasons for the ratings assigned to the Bond, download the Rating Rationale.
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BOND VALUE DETAILS

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Total Investment
Cashflow for INE168X08014
Disclaimer: The actual dates and interest amounts can vary depending on Bank closures, holidays etc. Tax Deducted at Source (TDS) is applicable on interest receivable based on relevant tax regulations. You can avail TDS credit while filing your Income Tax Return (ITR).
Security Name
8.35% National Insurance Company Limited 26 Mar 2027
Credit Rating
A+ /Stable by ICRA
AA- (Stable) by CRISIL
Coupon Frequency
Yearly
Face Value
₹10,00,000
Coupon
8.350000%
YTM or YTC
YTM
Maturity Date
26/03/2027
Security
Senior Unsecured
No. of Bonds
1
Settlement Date
Principal Amount
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Accrued Interest
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Stamp Duty
₹0
Total Amount Payable
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Price
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Yield
%
YearPayment DateAmountPayout Type

Quote Not Available for purchase

Disclaimer: Investments in Debt Securities/ Municipal Debt Securities/ Securitised Debt Instruments are subject to risks including delay and/ or default in payment. Read all the Offer Related documents carefully.

Source: Issuer website, Rating Rationale, Issuer Annual Report, Information Memorandum and News from Google.

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