 |
This article has multiple issues. Please help improve it or discuss these issues on the talk page. (Learn how and when to remove these template messages)
|
 | |
| Company type | Central Public sector undertaking |
|---|---|
| BSE: 540769 NSE: NIACL | |
| Industry | Insurance |
| Founded | 23 July 1919; 104 years ago (23 July 1919)[1] |
| Founders | Dorabji Tata |
| Headquarters | , |
Area served | India |
Key people | Neerja Kapur (Chairman and Managing Director)[2] |
| Products |
|
| Revenue |  ₹41,073 crore (US$4.9 billion) (2023)[3] |
| ₹1,310 crore (US$160 million) (2023)[3] | |
| ₹1,048 crore (US$130 million) (2023)[3] | |
| Total assets | ₹98,223 crore (US$12 billion) (2023)[3] |
| Total equity | ₹25,864 crore (US$3.1 billion) (2023)[3] |
| Owner | Government of India (85.44%)[4] |
Number of employees | 12,816 (2023) |
| Website | newindia.co.in |
The New India Assurance Co. Ltd. (NIA) is an Indian public sector insurance company owned by the Government of India and administered by the Ministry of Finance. Headquartered in Mumbai,[5] it is the largest nationalised general insurance company of India based on gross premium collection inclusive of foreign operations.[6] It was founded by Sir Dorabji Tata in 1919, and was nationalised in 1973.[7]
Previously, it was a subsidiary of the General Insurance Corporation of India (GIC). But when GIC became a re-insurance company following the passage of the IRDA Act 1999, its four primary insurance subsidiaries New India Assurance, United India Insurance, Oriental Insurance and National Insurance became autonomous.
| Category Of Employees | Male | Female | Total |
|---|---|---|---|
| Class I | 5,426 | 2,220 | 7,646 |
| Class II | 802 | 34 | 836 |
| Class III | 5,576 | 1,869 | 7,445 |
| Class IV (Excluding PTS) | 1,012 | 384 | 1,396 |
| Part Time Sweepers | 7 | 0 | 7 |
| Total | 12,823 | 4,507 | 17,330 |
The company's achievements include:
NIA is the only direct insurer in India rated A-(Excellent – Positive outlook) by AM Best. CRISIL reaffirmed its AAA/STABLE rating, indicating that the company has the highest degree of financial strength.[9]
|
| |
|---|---|
| Companies |
|
| Policy |
|
| Government schemes |
|
| Legislations |
|
| Other |
|
| |
|
| ||||||||||||||||||||||||||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Divisions and subsidiaries |
|
| ||||||||||||||||||||||||||||||||||||||||||
| Joint ventures |
| |||||||||||||||||||||||||||||||||||||||||||
| Former holdings |
| |||||||||||||||||||||||||||||||||||||||||||
| Sports |
| |||||||||||||||||||||||||||||||||||||||||||
| Institutions |
| |||||||||||||||||||||||||||||||||||||||||||
| Hospitals |
| |||||||||||||||||||||||||||||||||||||||||||
| Trusts |
| |||||||||||||||||||||||||||||||||||||||||||
| People |
| |||||||||||||||||||||||||||||||||||||||||||
| Other |
| |||||||||||||||||||||||||||||||||||||||||||
| ||||||||||||||||||||||||||||||||||||||||||||
