The New India Assurance Co Ltd, today, is a 100% Govt owned multinational general insurance company operating in 28 countries and headquartered at Mumbai, India. Founded by Sir Dorabji Tata in 1919, they have been market leaders in India in non-life business for more than 40 years. They 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".
The New India Assurance is on a robust core insurance platform, with a central data base and have an integrated grievance management system synchronized with that of the regulator. Their Customer Care department is positioned at all Regional offices. They offer multiple options for the customers to renew the policies and have put in place SMS & E Mail alerts and information at various trigger points.Other promoted companies
They are the co promoters of Agriculture Insurance Company of India & GIC Housing Finance Ltd. They are also in the process of setting up a common TPA in the Health insurance support services segment jointly, with other Government owned insurers.For more details, kindly visit www.newindia.co.in