Company Profile

About Us

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 rich history of 105 years, we have built a vast network of over 1900 offices throughout India and have established a global presence in 25 countries.

Our financial strength is undeniable, with a Global Premium of US$ 4.67 Billion and a Net worth (including Fair Value) of US$ 3.15 Billion. Our solvency margin, at 1.91x (Global), surpasses regulatory requirements, showcasing our stability and reliability.

New India holds the distinction of being the only General Insurance Company in India recognized as a D-SII (Domestic Systemically Important Insurer) by Insurance Regulatory and Development Authority of India. This prestigious acknowledgment reflects our extensive operations, cross-jurisdictional activities, systemic importance, financial interconnectedness, and unwavering dedication to the highest standards of Corporate Governance and Risk Culture.

OUR STRENGTHS

  • The largest number of offices – in India and abroad.
  • Recognized by an International Rating Agency.
  • Superior capital strength.
  • Strong operating performance.
  • Dominant market position.

SECURITY RATING

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.