Financial and insurance activities
This section includes financial service activities, insurance activities and financial auxiliary activities, regardless of the technologies used to conduct these activities or support services Three principal types of activities are classified in this section: raising, obtaining and providing funding in division 64, pooling of risk by underwriting insurance and annuities in division 65 and providing specialised services facilitating or supporting financial or insurance service activities in division 66. This section also includes activities of holding assets, such as activities of holding companies and financing conduits and the activities of trusts, funds and similar financial entities (in division 64), as well as the activities of reinsurance and pension funds (in division 65).
This section excludes support activities to financial services but not financial in nature (e.g. IT services supporting banking activities)
Divisions in Section L
Each division narrows Section L into a specific industry area. Open one to reach its groups, classes and NIC codes.
Frequently asked questions
What does Section L cover in NIC-2025?
Section L (Financial and insurance activities) is a top-level sector of NIC-2025. It groups 3 divisions and 82 activity codes that share this broad economic area.
Do I register a business using a section letter?
No. Registrations such as Udyam, GST and company incorporation use the numeric NIC code (4, 5 or 6 digits), not the section letter. The section only tells you which part of the classification to explore. Open a division below to reach the specific code for your activity.
How do I find the exact NIC code inside Section L?
Drill down from a division to a group, then a class, then the sub-class that matches your activity. You can also use the search box to jump straight to a code by activity name. If you are unsure, IncorpX provides assistance for selecting the correct code for your registrations.
Not sure which code under Section L fits your business?
Tell us what your business does and an IncorpX advisor will help you pick the correct NIC code for Udyam, GST, company incorporation and other registrations. Free, with no obligation.
