About Niacl The New India Assurance Company Limited
New India Assurance Co Ltd, today, is a 100 % Govt owned multinational general insurance company operating in 28 countries and headquartered at Mumbai, India. Our global business crossed Rs.18371 Cr. . Founded by Sir Dorabji Tata in 1919, we have been market leaders in India in non-life business for more than 40 years. Our Indian business touched Rs 15149.50 Cr in 2014-15. We are the only direct insurer in India rated A-(Excellent – Stable outlook) by AM Best. "CRISIL has reaffirmed its AAA/STABLE rating on The New India Assurance Company Limited indicating that the company has the Highest degree of Financial strength to honor its Policyholders obligations
We have been leading the market, apart from premium, in reserves & net worth for many years. In 2014-15, we also have recorded the highest profit in India among all general insurers. Our Indian operations, today span across all territories through 2097 offices, including more than 1041 micro offices. We have 19,000 employees and around 50,000 tied agents providing insurance services to our customers. We have over 170 products catering to almost all segments of general insurance business. We have provided cover to Petrochemical, oil & energy industries, power & steel plants, aviation fleets, satellites, large projects & infrastructures, SMEs and are present in all forms of commercial sector. Our retail business is offered through commercial & personal lines of business and we also have range of products in rural, social sector & micro insurance segments. We operate through many B2B avenues including bancassurance, motor vehicle manufacturers and dealers, MFI & NGOs, Common Service Centers & through affinity programmes with corporates & brokers. We also have significant participation in government run mass insurance schemes.