- Written by PolicyBazaar
- Views: 1938
- Published: 24 June 2014
New India Assurance is a Government of India undertaking. New India Assurance became nationalized in 1973. The New India Assurance Company Limited is one of the leading global insurance groups and has offices and branches throughout India and in many countries abroad.
The New India Assurance is headed by a team of highly accomplished personnel who have helped the company to achieve numerous feats and stay distinctively ahead of the competition in India and meet global standards of insurance. Shri G. Srinivasan is the Chairman-cum-Managing Director.
New India Assurance has established itself in the Indian as well as global insurance industry and has gained significant recognition owing to numerous achievements:
- Largest Non-Life insurer in Afro-Asia excluding Japan
- First Indian non-life company to cross Rs. 8225.51 crores Gross Premium
- Over-seas presence in countries like Japan, U.K, Middle East, Fiji and Australia
- Largest number of offices in India and Abroad Trained and technically qualified staff 1085 fully computerized offices across India.
- "A-" (Excellent) rating by A. M. Best & Co (Europe), first domestic company to be rated by an International Rating Agency.
- First company to set up an Aviation Insurance Department in 1946.
- First company to handle the Hull Insurance requirements of the Indian Shipping Fleet.
- First company to establish its own Training School.
- First company to introduce the concept of 'Model Office Training'.
- First company to create department in Engineering insurance.
- Pioneer in Satellite insurance.
New India Assurance General Insurance - Product Portfolio
Hospitalization burn a hole in our pocket and alter our quality of life by imposing financial restrictions New India Assurance health plans guarantee peace of mind for the insured against financial perils caused due to sudden hospitalization:
- Pravasi Bharatiya Bima Yojana Policy
- Personal Accident Policy
- Rasta Apatti Kavach (Road Safety Insurance)
- Mediclaim Policy
New India Assurance plans provide you with a comprehensive motor policy that lets you take care of yourself rather than a car i case of an accident.
- Motor Policy
New India Assurance travel insurance policies become a great companion for you on your holidays, business trips or visits and help in safeguarding the dilemma of lost baggage on the way.
- Overseas Mediclaim
- Baggage Insurance
New India Assurance Policies help to safeguard your home and give you comprehensive coverage against many perils.
- Householders Policy
It is advisable to compare all New India Assurance General insurance plans from other General insurance companies in India to choose the best insurance plan that suits you the most.
New India Assurance Distribution Network:
New India Assurance is present in more than 20 countries and has a large distribution network of 1000+ branches even in India. It has a huge network of 1068 offices that comprise 26 Regional offices, 393 Divisional offices and 648 branches.