Fi Section L Finance

NIC 2025 MoSPI source

NIC Class 6520 - Reinsurance

NIC Class 6520 covers Reinsurance. This is the main comparison layer for deciding which specific six-digit Sub-class best fits the real activity described in Udyam, MCA or MSME workflows. It currently opens into 1...

Key Facts

Class 6520 at a Glance

Code 6520

Official title Reinsurance

Version NIC 2025

Source authority MoSPI

Section L - Financial and insurance activities

Division 65 - Insurance, reinsurance and pension funding, except compulsory social security

Group 652 - Reinsurance

Class 6520 - Reinsurance

Level Class

Depth 4/5

Children 1

Last verified 2026-04-21

Hierarchy tree

652000

Activities of reinsurance, including treaty and facultative reinsurance agreements, that involve assuming all or part of the risk associated with existing insurance policies originally underwritten by other insurance providers including the activity of finite reinsurance.

Practical Summary

What Class 6520 Covers

Class 6520 is the final decision layer before six-digit Sub-classes such as 652000 Activities of reinsurance, including treaty and facultative reinsurance agreements, that involve assuming all or part of the risk associated with existing insurance policies originally underwritten by other insurance providers including the activity of finite reinsurance.. Compare the child pages before using a code in a filing.

Where Used In Practice

Where Class 6520 Is Used

Class 6520 is used when the final six-digit code is not obvious and official notes or child Sub-classes need to be compared.

Udyam and MSME code research
Company or LLP registration preparation
Business activity shortlisting before filing
Internal classification and vendor profiling

How To Choose

How to Narrow Down From Class 6520

Review every child Sub-class under Class 6520. If the wording is still broad, open the six-digit child pages before using a code in registration.

Common Questions About NIC 6520

Which businesses fall under NIC 6520?

Start here when the business belongs to reinsurance and then compare child entries such as 652000 Activities of reinsurance, including treaty and facultative reinsurance agreements, that involve assuming all or part of the risk associated with existing insurance policies originally underwritten by other insurance providers including the activity of finite reinsurance..

Is NIC 6520 a final filing code?

No. This is a hierarchy page. Continue to the six-digit Sub-class before using a code in registration or compliance records.

How do I verify that NIC 6520 is correct before filing?

Check the parent hierarchy, compare nearby sibling codes in the same parent category, and confirm that the official title matches the main revenue activity. For regulated or filing-critical decisions, verify the source row in the MoSPI dataset.

What happens if I use the wrong NIC code in Udyam or MCA registration?

A wrong code can cause mismatched business descriptions, follow-up questions or later compliance cleanup. It is better to compare nearby codes before filing than to correct a weak classification later.

Is there a legacy NIC 2008 equivalent for NIC 6520?

Use the legacy converter only as a migration aid. Old NIC 2008 matches can suggest where to look, but NIC 2025 should remain the primary reference for new code selection.

NIC 2026 guidance

How to move from Class 6520 to the right Sub-class

NIC 6520 is an intermediate hierarchy page, not usually the final code used in a filing. Use it to compare child entries, read the nearby-code context and move toward the most precise six-digit Sub-class. If the child list contains several similar activities, open each candidate page and compare the wording against the business's real operating model.

Data Source and Verification Date

Source layer

Official NIC 2025 Excel and PDF from MoSPI.

Last verified

2026-04-21 from the generated NIC 2025 source layer used in this build.

Disclaimer

This is an independent reference tool. Verify filing-critical decisions in official sources.