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The New India Assurance Co. Limited is a general insurance company based in India. The general insurance company is headquartered in Mumbai, India, and for the past 50 years has been the market leader in India for non-life business. AM BEST Company gave it a B++ Stable FSR Rating and a BBB+ Stable ICR Outlook. Since 2014, the firm has been rated AAA/Stable by CRISIL, indicating that it has the greatest level of financial strength to meet its policyholders' commitments.
The company's Indian activities span all regions and include 476 DOs, 595 BOs, 26 DABs, and 1257 Micro Offices spread across 2,395 locations. It has direct branches, agency activities, subsidiary firms, representative offices, and associates in roughly 28 countries. Agricultural Insurance Company of India and GIC Housing Finance Ltd are also co-promoters of the company. For better operations, the organization collaborated with various government-owned insurance companies to promote a common TPA in the health insurance support services.
