The new india assurance co ltd

The New India Assurance Company Limited (NIACL) is one of the largest general insurance companies in India. Here are some key facts about the company:

History: The company was founded in 1919 and is headquartered in Mumbai, India.

Business: NIACL is a non-life insurance company that offers a wide range of insurance products, including motor, health, travel, home, and commercial insurance policies.

Products: The company offers various insurance products, including:

  1. Motor Insurance: Covers cars, two-wheelers, commercial vehicles, and other motorized vehicles.
  2. Health Insurance: Offers health insurance policies, including individual and family floater policies.
  3. Travel Insurance: Provides travel insurance policies for individuals and groups.
  4. Home Insurance: Offers home insurance policies for residential and commercial properties.
  5. Commercial Insurance: Provides insurance coverage for businesses, including liability, property, and marine insurance.

Awards and Recognition: NIACL has received several awards and recognition for its performance and services, including:

  1. "Best General Insurance Company" award at the 2019 India Insurance Awards.
  2. "Best Non-Life Insurer" award at the 2018 Asia Insurance Industry Awards.
  3. "Best General Insurance Company" award at the 2017 India Insurance Awards.

Financials: As of 2020, NIACL's gross premium income was ₹24,444 crore (approximately USD 3.4 billion), and its net profit was ₹1,444 crore (approximately USD 200 million).

Employee Strength: The company has a large workforce of over 15,000 employees across India.

Branch Network: NIACL has a vast network of over 2,000 branches and 25,000 agents across India.

International Presence: The company has a presence in several international markets, including the Middle East, Africa, and Southeast Asia.

Partnerships: NIACL has partnerships with several international insurance companies, including Lloyd's of London and AXA.

Overall, The New India Assurance Company Limited is a well-established and reputable insurance company in India, offering a wide range of insurance products and services to individuals and businesses.