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New India Assurance

The New India Assurance Co. Ltd

The New India Assurance Co. ltd was formed in 1919, and was nationalized in 1973 with merger of Indian companies. It was founded by Sir Dorab Tata, and started dealing overseas in 1920 and by 2004 had operations in 24 countries.

Gross Premium benefits in India for the company rose up to Rs. 5017.20 crores in 2006-07 with assets as high as Rs. 27444.57 crores. The company has 26 regional offices, 393 divisional offices, 614 branches and 34 direct agent branches across India. It was ranked the no. 1 non-life insurer in the Indian market. With a flourishing presence in the international market too it has branches and operations in countries like Japan, U.K, Middle East, Fiji and Australia. It had an overseas premium of Rs. 892.35 crores in the year 2004-05, which accounts for more than 80% of total overseas premium in India.

The company has been a pioneer in many fields of insurances. For instance, they were the first group to handle the requirements of the Indian Shipping Fleet, and proud initiators of satellite insurances and engineering insurance as well. At present, the company has the largest number of offices in India as well as abroad with a vast employee strength of 20686 and around 1068 fully computerised offices across India.

Products:

  • Householders Insurance
  • Individual Mediclaim
  • Personal Accident
  • Motor Policy
  • Overseas Mediclaims

Personal:

  • Pravasi Bhartiya Bima Yojana Policy
  • Personal Accident Policy
  • Householders' Policy
  • Motor Policy
  • Money Insurances
  • Rasta Appatti Kavach
  • Mobile Cellular phone Insurance

Commercial:

  • Jewellers block policy
  • Bankers Indemnity Policy
  • Shopkeepers Policy
  • Marine Cargo Policy
  • Plate Glass Policy
  • Neon Sign Policy
  • Multi Peril Policy For L.P.G. Dealers
  • Fidelty Guarantee Insurance policy
  • Marine Hull Policy
  • Aviation Insurance

Industrial:

  • Fire Policy
  • Burglary policy
  • Machinery Breakdown Policy
  • Electronics Equipment Policy
  • Consequential Loss Policy
  • Contractors All Risk Policy
  • Marine cum Erection
  • Mega Package Policies

Public Liability Policy;

  • Products Liability Policy
  • Professional Indemnity Policy
  • Directors and Officers Liability Policy
  • Life Insurance
  • Employers' :Liability Policy
  • Carrier's Liability Insurance
  • Liability Insurance Act Policy

Liability

  • Products Liability Policy
  • Professional Indemnity Policy
  • Directors and Officers Liability Policy
  • Lift Insurance
  • Employers' :Liability Policy
  • Carrier's Liability Insurance
  • Liability Insurance Act Policy

Social:

  • Universal Health Insurance Scheme
  • Jan Arogya Bima Policy
  • Raj Rajeshwari Mahila Kalyan Yojana
  • Bhagyashree Child Welfare Policy
  • Janata Personal Accident Insurance
  • Student Safety Insurance
  • Ashraya Bima Yojana
  • Rural Insurance


*Insurance is the subject matter of solicitation