Established in 1919, The New India Assurance Company Limited is the largest non-life insurance company in India and a leading force in the Afro-Asian region. With a legacy spanning 105 years, we operate through a vast network of 1900+ offices across India and maintain a global presence in 25 countries.
Boasting a Global Premium of US$ 4.67 Billion and a Net worth (including Fair Value) of US$ 3.15 Billion, our financial strength is exemplified. Our solvency margin, at 1.91x (Global), significantly exceeds regulatory limits.
Notably, New India is the sole General Insurance Company in India acknowledged as a D-SII (Domestic Systemically Important Insurer) by regulators. This recognition is a testament to our expansive operations, cross-jurisdictional activities, systemic significance, financial interconnectedness, and our unwavering commitment to the highest standards of Corporate Governance and Risk Culture.
New India Assurance has prominently positioned itself as a key player in the UAE insurance sector since our entry into the market in 1961. Our commitment to the region deepened with the opening of our branch office in Abu Dhabi in 1973. Over the years, we have meticulously cultivated a robust presence, consistently delivered exceptional services, and demonstrated unwavering commitment to our valued clients.
The balance sheet strength of The New India Assurance Company Limited (New India) is unequivocally robust, supported by a risk-adjusted capitalization that maintained its strongest level throughout fiscal year 2023, as measured by AM Best’s Capital Adequacy Ratio (BCAR).
In 2023, AM Best has bestowed upon us the prestigious National Scale Rating of aaa.IN (Exceptional). Additionally, our Financial Strength rating of B++ (Good) with a Stable outlook, and Long-Term Issuer Credit rating of bbb+ (Good) with a Stable outlook have been reaffirmed.
Furthermore, CRISIL has rated us AAA/Stable since 2014, underscoring our unwavering commitment to maintaining the highest degree of Financial Strength, ensuring our ability to fulfill our policyholders’ obligations with utmost reliability
Managing Director (Abu Dhabi Shipping Agency)
Chief Operating Officer
Agency Manager
Fire & Misc.
Fire & Misc. Claims
Motor Underwriting
Marine
Accounts
Motor Recovery
Motor Claims
Established by Sir Dorabji Tata 1919, New India is the first fully India Government owned insurance company in India with a wide range of policies. New India is the largest non-life insurance insurance company in India and also one of the leading insurers in the Afro-Asian region. It has its offices across India and in various countries abroad
Largest number of offices - India and abroad. First domestic company to be rated by an International Rating Agency. Rating based up on following factors:- Superior capital strength, Strong operating performance, Dominant market position. Only company to develop significant International operating, long record of successful trading outside India.
New India's overseas operations boast a rich tradition, extending back to the very inception of the company. A testament to our global vision, within a mere year of our incorporation in 1920, we established an office in London, United Kingdom. Today, our international footprint spans across 25 countries, showcasing our enduring commitment to global excellence and service.
AM Best : National Scale Rating of aaa.IN (Exceptional).Financial Strength rating of B++ (Good) with a Stable outlook, and Long-Term Issuer Credit rating of bbb+ (Good) with a Stable outlook .
CRISIL : AAA/Stable.
