#1
10th April 2016, 02:48 PM
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New India Assurance
Hi buddy I heard The New India Assurance Co. Ltd. has collaborated with some of the leading public sector banks to increase its distribution network, is this statement correct , if so then can you givem that bank name along with its achievement info??
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#2
10th April 2016, 02:49 PM
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Re: New India Assurance
Yes you heard absolutely right The New India Assurance Co. Ltd. has collaborated with some of the leading public sector banks to increase its distribution network asn as you asking I am telling that bank name that are as follows : State Bank of India, Central Bank of India, Corporation Bank United Western Bank New India Assurance Co. Ltd. Achievements: 1) Procurement of highest Global Gross Premium of Rs.16,050 crores for the year 2014-2015. Maintaining the 'largest general Insurer in India' tag. 2) Market leadership position for four consecutive decades 3) The ratio of available solvency margin to required solvency margin standing at 250% 4) Highest net profit of Rs.1431 crores 5) Highest net worth of Rs.8,621 crores 6) Highest assets - crossed Rs.61720 crores 7) Only Indian General Insurance Company to have presence in 27 countries 8) Financial Strength rating of A-Excellent (Stable) by A.M Best -Europe. The brief info of The New India Assurance Co. Ltd. Type Wholly owned by Government of India. Industry General insurance Founded 1919 in Mumbai, India Headquarters Mumbai, India Key people G.Srinivasan - Chairman Cum Managing Director Products General Insurance which includes Health Slogan Leadership and beyond Registered Office Address: The New India Assurance Co. LTD. 87, M.G. Road, Fort, Mumbai 400 001. |