The New India Assurance Co. Ltd.

About Us

A Legacy of Trust and Strength Since 1919

Founded by Sir Dorabji Tata in 1919, The New India Assurance Company Limited has grown into one of the most respected and reliable names in the global insurance industry. Owned by the Government of India and nationalized in 1973, the company has built over a century of expertise in protecting lives, businesses, and assets with comprehensive and innovative general insurance solutions.

Today, The New India Assurance Co. Ltd. is recognized as India’s largest public sector general insurance company, a position it has consistently maintained by delivering value-driven services to millions of policyholders. With 1,600+ offices across India and operations in 25+ countries worldwide, the company stands as a symbol of stability, trust, and global reach.

Market Leadership in the Insurance Sector

In the fiscal year 2024-25, The New India Assurance Company achieved record-breaking success with a gross written premium (GWP) of over ₹43,618 crore, capturing a 12.57% market share in the general insurance industry. This achievement underlines the company’s unparalleled dominance in India’s insurance sector.

Continuing its strong performance, in Q1 FY26, the company reported a GWP of ₹13,334 crore, reflecting an impressive 13.11% year-on-year growth. With its market share rising to 15.51% from 14.65%, New India Assurance reaffirmed its leadership in delivering consistent growth and customer-focused services.

The company’s solvency ratio of 1.91x, significantly higher than the regulatory requirement, reflects its financial stability and ability to manage risks effectively while continuing to expand.

Diverse Product Portfolio

One of the unique strengths of The New India Assurance Co. Ltd. lies in its diverse and innovative product portfolio. The company caters to an extensive customer base—from individuals to multinational corporations—through offerings that cover a wide range of needs:

·         Corporate and Specialized Insurance: Aviation, marine, property, and large-scale risk covers tailored for industries, infrastructure, and complex global operations.

·         Retail Insurance Solutions: Motor, health, travel, home, and personal accident insurance designed to safeguard everyday needs.

·         Micro-Insurance Products: Affordable insurance solutions crafted for rural and underserved markets, ensuring inclusivity and financial protection for all sections of society.

By balancing large-scale industrial risk coverage with micro-level solutions, New India Assurance has established itself as a truly inclusive insurer.

Global Presence

The New India Assurance Co. Ltd. is not only a leader in India but also a significant player in the global insurance market. With operations spanning 25+ countries, including the Middle East, Europe, Africa, and Asia, the company demonstrates its ability to provide world-class insurance services across diverse markets. Its global footprint reflects its commitment to being a trusted insurance partner worldwide.

Financial Strength and Ratings

The company’s financial resilience has been consistently recognized by leading global rating agencies:

·         CRISIL AAA/Stable – The highest possible credit rating, reflecting the company’s strong capacity to meet its financial obligations.

·         B++ (Good) by AM Best – Highlighting its global financial strength and ability to handle risks effectively.

These ratings reinforce New India Assurance’s reputation as a financially sound insurer capable of delivering long-term stability and security to its customers.

Recognized by IRDAI as a Systemically Important Insurer

The Insurance Regulatory and Development Authority of India (IRDAI) has consistently identified The New India Assurance Co. Ltd. as a Domestic Systemically Important Insurer (D-SII). This distinction is reserved for insurers whose size, market significance, and interconnectedness make them critical to the stability of India’s financial system.

This recognition underscores the company’s strategic importance, not only to its policyholders but also to the nation’s economic and financial ecosystem.

Our Commitment to Customers

At The New India Assurance Co. Ltd., customers are at the heart of everything we do. Our values are built on:

·         Trust: A century-long legacy of reliability and credibility.

·         Innovation: Introducing cutting-edge insurance products to meet evolving needs.

·         Accessibility: Reaching every corner of India with our widespread network and affordable products.

·         Excellence: Delivering world-class services backed by technology, expertise, and customer care.

We aim to provide comprehensive risk solutions that empower individuals, families, and businesses to thrive with confidence.

The Road Ahead

With a legacy spanning over 100 years, The New India Assurance Co. Ltd. continues to evolve in step with India’s growing economy and changing insurance landscape. By integrating digital technology, customer-centric innovations, and global best practices, the company is shaping the future of insurance in India and beyond.

As we move forward, our focus remains steadfast: to be the insurer of choice, providing security, stability, and peace of mind to millions of lives across the globe.