2023 2024 Student Forum > Management Forum > Main Forum

 
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20th March 2016, 02:26 PM
Super Moderator
 
Join Date: May 2012
Re: The New India Insurance Limited

The New India Assurance Co. Ltd., based in Mumbai, is one of the five Wholly Government of India owned assurance companies of India.

It is the largest general insurance company of India on the basis of gross premium collection inclusive of foreign operations. It was founded by Sir Dorabji Tata in 1919, and was nationalised in 1973.

The state owned company's achievements include;

Procurement of highest Global Gross Premium of Rs.16,050 crores for the year 2014-2015. Maintaining the 'largest general Insurer in India' tag
Market leadership position for four consecutive decades
The ratio of available solvency margin to required solvency margin standing at 250%
Highest net profit of Rs.1431 crores
Highest net worth of Rs.8,621 crores
Highest assets - crossed Rs.61720 crores
Only Indian General Insurance Company to have presence in 27 countries
Financial Strength rating of A-Excellent (Stable) by A.M Best -Europe

Insurance Available at New India Assurance Co. Ltd:
Personal Insurance
Commercial Insurance
Industrial Insurance
Liability Insurance
Social Insurance

Policies those are provided by New India Assurance Co. Ltd:

Mediclaim Policy
Overseas Mediclaim Policy
Fire & machinery Policy
Householders Policy
Motor Insurance Policy
Shopkeeper's Policy

Address:

New India Assurance Co Ltd Asl Rd Div Office  
Insurance Agency
Khailand Market, Kotwali,
Kotwali, Ajmer, Rajasthan 305624
Phone:0145 242 5847


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