NIC Code for Insurance Agency
Choosing the right NIC code matters wherever a registration asks what your business does. For a insurance agency business the closest match is 651202 (Activities of providing disaster and catastrophe insurance, accident insurance, fire and natural forces damage to property insurance, parametric insurance, travel insurance, agriculture/ crop insurance property and theft insurance.) in NIC-2025. Below are the NIC-2025 and NIC-2008 activity codes that apply to insurance agency, what each one covers and where you use it.
The recommended NIC code for Insurance Agency
The closest match for a typical insurance agency business. Open it to read exactly what it covers.
Activities of providing disaster and catastrophe insurance, accident insurance, fire and natural forces damage to property insurance, parametric insurance, travel insurance, agriculture/ crop insurance property and theft insurance.
NIC codes for Insurance Agency
Activity codes that apply to insurance agency, across NIC-2025 and NIC-2008. Each links to the full code page.
NIC-2025 codes for Insurance Agency
NIC-2008 codes for Insurance Agency
How to choose a NIC code for Insurance Agency
A quick check before you use a code in a registration.
- 1Match your main activity: identify what your insurance agency business actually does day to day.
- 2Start with 651202 (Activities of providing disaster and catastrophe insurance, accident insurance, fire and natural forces damage to property insurance, parametric insurance, travel insurance, agriculture/ crop insurance property and theft insurance.), the closest NIC-2025 nic code for this activity, and open it to confirm what it covers.
- 3If you carry out more than one activity, pick a NIC code for each and mark the main one. Udyam registration, for example, lets you list several codes.
- 4Use the NIC-2025 code where a form asks for the latest classification, and the mapped NIC-2008 code where the older version is required.
- 5Not sure which fits? Share what you do and an IncorpX advisor will help you confirm the right code. Free, with no obligation.
Where you use these codes
The same activity code carries across these registrations. IncorpX provides assistance for each one.
GST registration classifies goods and services with HSN and SAC codes rather than NIC codes. Your NIC activity description helps keep the business activity consistent across applications.
Get assistance with GST RegistrationUdyam registration asks for the NIC code of every activity you carry out. You can select multiple NIC codes at 2-digit, 4-digit and 5-digit levels.
Get assistance with MSME (Udyam) RegistrationDPIIT startup recognition records your industry and sector based on the national industrial classification, so the right NIC code keeps your profile accurate.
Get assistance with Startup India (DPIIT)The SPICe+ incorporation form records the main division of industrial activity of the proposed company, which is derived from the NIC classification.
Get assistance with Private Limited CompanyThe FiLLiP incorporation form for LLPs also captures the business activity classification based on NIC codes.
Get assistance with LLP RegistrationOPC incorporation follows the same SPICe+ process, so the NIC-based activity classification applies here as well.
Get assistance with One Person Company (OPC)Trademarks use the NICE classification (Classes 1 to 45), not NIC codes. Your NIC activity helps identify which trademark classes fit your goods or services.
Get assistance with Trademark RegistrationThis directory reproduces the National Industrial Classification for reference. Titles, notes and codes are sourced from the MoSPI publications; the official gazette remains the authoritative source. IncorpX provides assistance for registrations that use these codes and does not issue the classification itself.
Related business activities
Other activities in Finance & Investment, each with its own NIC code guide.
NIC code for Insurance Agency, answered
What is the NIC code for insurance agency?
The closest match is 651202 (Activities of providing disaster and catastrophe insurance, accident insurance, fire and natural forces damage to property insurance, parametric insurance, travel insurance, agriculture/ crop insurance property and theft insurance.) in NIC-2025. Depending on exactly what your business does, one of the related codes listed on this page may fit better, so read what each one covers before you choose.
Where do I use the NIC code for insurance agency?
You quote the code wherever a registration records your business activity, most directly in Udyam (MSME) registration and in the industrial activity captured during company or LLP incorporation. GST uses HSN and SAC codes instead, and the NIC code keeps your activity description consistent.
Can I select more than one NIC code for my insurance agency business?
Yes. Udyam registration lets you add several NIC codes for the different activities you carry out and mark the main one. If you are unsure which codes apply, IncorpX provides assistance for selecting them correctly.
Get the right NIC code for your insurance agency business
Tell us what your business does and an IncorpX advisor will identify the correct NIC codes and provide assistance for the registrations that use them, from Udyam and GST to company incorporation. Free, with no obligation.
