Overview

THE NEW INDIA ASSURANCE COMPANY LIMITED The New India is a public sector General Insurance Company owned by Government of India and presently operating in India and 23 countries spanning 5 continents. It was established in the year 1919 and having its head quarters at Mumbai, India. “The New India Assurance” was started on 23rd July, 1919 by a Great Visionary and Businessman, Sir Dorab J Tata. On 23rd July, 2018 we entered into our 10 decades of Glorious Global Operations. We have been the market leader in India in Non-life sector for consecutively for 45 years. We are the only direct Non-life insurer in India having A- Excellent (stable outlook) by A.M. Best & Co. CRISIL has reaffirmed its AAA Stable rating on NIA which reflects the strong capital base, stable profitability, highest degree of financial strength to honour its policy holders’ obligations. Our Global Gross Premium is over Rial Omani 1,557 Million as on 31st March 2019. The Company’s net worth including fair value as on 31st March 2019 was RO 2,112 Million and total assets of RO 3,837 Million. The solvency ratio of the Company is 2.13 times. We have Largest number of Offices In India and Abroad Trained and technically qualified staff 2221 fully computerised offices across India. “A-” (Excellent) rating by A.M.Best & Co (Europe) First domestic company to be rated by an International Rating Agency Rating based upon following factors: Superior capital position Strong operating performance Strong market position Only company to develop significant International operations, long record of successful trading outside India.