New India Assurance Contractors All Risk Insurance

Established in 1919 by Sir Dorabji Tata, The New India Assurance Company Limited is a multinational general insurance company headquartered in Mumbai. Originally founded as a private entity, it became a subsidiary of the General Insurance Corporation of India (GIC) after nationalization in 1973. However, in 2003, the Indian government assumed ownership from GIC, solidifying The New India Assurance's position as a key player in the global insurance sector. With a presence in 28 countries, the company continues to operate as a fully government-owned entity.