New India Assurance Co Ltd, Is the leading General Insurer with presence in over 28 countries operating out of Mumbai, India as its Head Quarters. The global Gross Premium written crossed INR 22279/- Crores for the year 2016-2017.
Founded by Sir Dorabji Tata in 1919, New India is the market leader in India in non-life business for more than 40 years. New India Assurance is the only direct insurer in India rated A-(Excellent – Stable outlook) by AM Best for the last more than 15 years in a row.
We are the leading Marine Cargo Insurers in Asia has insured Oil Drilling Rigs, Bulk Carriers, Cargo Carriers, Passenger Ships, Dhows, Fishing Vessels, etc.
We provides Comprehensive Motor Insurance for vehicles ranging from Motorcycles, Cars, Trucks, Buses ,and to even Mobile Excavators, Mobile Cranes, etc.
This insurance covers injury or death of an individual due to an accident. The Individual has to choose a particular Sum Insured and pay premium accordingly.
New India has well designed covers for insuring both private and commercial properties against many Property All Risks or Fire and Special Perils risks.
New India offers a number of Standard Engineering Insurance policies such as Erection All Risk, Machinery Breakdown, MB Loss of Profits, etc.
Miscellaneous Insurance refers to contracts of insurance other than those of Life, Fire and Marine insurance. It covers a variety of risks.
The Ministry of Finance, Government of India has appointed Mr. Atul Sahai. 56, General Manager, Oriental Insurance Co., as Chairman Cum Managing Director of The New India Assurance Company.
Mr Vineet Kumar, Chief Operating officer will be relieved of his duties in Bahrain on 17th Nov 2016 for a different role in the Company.
New India Assurance is pleased to announce its tie up and agreement with the Bahrain Unit of Copart a US firm founded in 1982 for online salvage vehicle auction of its Accident Claim vehicles.