New india insurance

New India Assurance Company Limited is a leading public sector general insurance company in India. Here are some key features and benefits of New India Assurance:

History: New India Assurance was founded in 1919 and is one of the oldest general insurance companies in India.

Products: New India Assurance offers a wide range of insurance products, including:

  1. Motor Insurance: Covers cars, two-wheelers, commercial vehicles, and other motorized vehicles.
  2. Health Insurance: Offers individual and family floater health insurance policies.
  3. Travel Insurance: Provides travel insurance policies for individuals and groups.
  4. Home Insurance: Covers residential and commercial properties against damage or loss.
  5. Crop Insurance: Offers crop insurance policies for farmers.
  6. Liability Insurance: Covers businesses against liability claims.
  7. Marine Insurance: Covers ships, cargo, and other marine-related risks.
  8. Fire Insurance: Covers properties against fire damage or loss.

Benefits:

  1. Wide network of branches and agents across India.
  2. 24/7 customer support.
  3. Online policy issuance and renewal.
  4. Cashless claims settlement at network hospitals.
  5. Discounts for policyholders who have multiple policies with New India Assurance.
  6. Optional add-ons, such as personal accident cover and critical illness cover, can be added to policies.

Awards and Recognition: New India Assurance has received several awards and recognition, including:

  1. "Best General Insurance Company" award at the 2019 India Insurance Awards.
  2. "Best Public Sector General Insurance Company" award at the 2018 India Insurance Awards.
  3. "Golden Peacock Award for Innovation" at the 2017 London Awards.

Financials: New India Assurance has a strong financial position, with:

  1. Gross premium income of ₹24,444 crore (approximately USD 3.5 billion) in 2020-21.
  2. Net premium income of ₹18,444 crore (approximately USD 2.7 billion) in 2020-21.
  3. Assets under management of ₹1,23,444 crore (approximately USD 18.2 billion) as of 2020-21.

Overall, New India Assurance is a reputable and reliable insurance company that offers a wide range of insurance products and services to individuals and businesses in India.