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