This article has multiple issues. Please helpimprove it or discuss these issues on thetalk page.(Learn how and when to remove these messages) This articleneeds additional citations forverification. Please helpimprove this article byadding citations to reliable sources. Unsourced material may be challenged and removed. Find sources: "New India Assurance" – news ·newspapers ·books ·scholar ·JSTOR(October 2012) (Learn how and when to remove this message) This articlemay rely excessively on sourcestoo closely associated with the subject, potentially preventing the article from beingverifiable andneutral. Please helpimprove it by replacing them with more appropriatecitations toreliable, independent sources.(August 2019) (Learn how and when to remove this message) (Learn how and when to remove this message)

The New India Assurance Company Limited

Company type	Central Public sector undertaking
Traded as	BSE: 540769 NSE: NIACL
Industry	Insurance
Founded	23 July 1919; 106 years ago (23 July 1919)
Founders	Dorabji Tata
Headquarters	Mumbai,Maharashtra , India
Area served	India
Key people	Girija Subramanian (Chairman and Managing Director)[1]
Products	General insurance Vehicle insurance Health insurance Marine insurance Property insurance Crop insurance Aviation insurance Fidelity bond
Revenue	₹41,073 crore (US$4.9 billion) (2023)[2]
Operating income	₹1,310 crore (US$150 million) (2023)[2]
Net income	₹1,048 crore (US$120 million) (2023)[2]
Total assets	₹98,223 crore (US$12 billion) (2023)[2]
Total equity	₹25,864 crore (US$3.1 billion) (2023)[2]
Owner	Government of India (85.44%)[3]
Number of employees	12,816 (2023)
Website	newindia.co.in

The New India Assurance Co. Ltd. (NIACL) is an Indianpublic sector insurance company owned by theGovernment of India and administered by theMinistry of Finance. Headquartered inMumbai, it is the largestnationalised general insurance company of India based on gross premium collection inclusive of foreign operations. It was founded by SirDorabji Tata in 1919, and was nationalized in 1973.

Previously, it was a subsidiary of theGeneral Insurance Corporation of India (GIC). But when GIC became are-insurance company following the passage of theIRDA Act 1999, its four primary insurance subsidiariesNew India Assurance,United India Insurance,Oriental Insurance andNational Insurance became autonomous.

This sectiondoes notcite anysources. Please helpimprove this section byadding citations to reliable sources. Unsourced material may be challenged andremoved.(February 2025) (Learn how and when to remove this message)

The company's achievements include:

• Market leadership position for four consecutive decades.
• The ratio of available solvency margin to required solvency margin standing at 2.3 times(Global).
• Total net worth of ₹28,895crores.
• Total assets - crossed ₹61720 crores.
• Only Indian General Insurance Company to have presence in 28 countries.

• Official website

• General insurance companies of India
• Financial services companies based in Mumbai
• Financial services companies established in 1919
• Government-owned insurance companies of India
• Companies nationalised by the Government of India
• Indian companies established in 1919
• Companies listed on the National Stock Exchange of India
• Companies listed on the Bombay Stock Exchange

• Articles with short description
• Short description is different from Wikidata
• Articles needing additional references from October 2012
• All articles needing additional references
• Articles lacking reliable references from August 2019
• All articles lacking reliable references
• Articles with multiple maintenance issues
• Use Indian English from September 2015
• All Wikipedia articles written in Indian English
• Use dmy dates from September 2019
• Articles needing additional references from February 2025