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New India Assurance

The New India Assurance Company was introduced by Sir Dorab Tata from the house of TATAs. This company was established on 23rd July, 1919. Nationalization of the New India Assurance Company took place in 1973 along with the collaboration of other Indian companies.

New India Assurance’s Indian business touched Rs 10,000 crores (Rs 100 billion) in 2012-13.

The New India Assurance has been conferred an AAA/Stable rating by CRISIL, which is a reflection of the company’s financial stability and solubility, which in turn talk about the strong ability of the company to fulfill the claims of their customers. Moreover, New India Assurance is the only direct insurer in India rated A - (Excellent - Stable outlook) by AM Best.

The New India Assurance Company Limited

Company Name The New India Assurance Company Limited
Company typePublic sector (Nationalization in 1973)
Establish Date23rd July 1919
HeadquarterMumbai, Maharashtra, India
IndustryInsurance, Financial services
ProductsInsurance
Operates inAll over India and 28 other Countries
Website Addresswww.newindia.co.in

Present position of New India Assurance Company

The below pointers indicates the present position of the New India Assurance Company:

  • Global Gross Premium for FY 2016-17 was Rs.22279 crores

  • Global Gross Premium for FY 2017-2018, ended 30th June 2017 is Rs.6132 crores.

  • As on 30th June 2017, the Profit before Tax and after tax is Rs.601 crores and Rs.499 crores respectively.

  • The Net worth of the company as on 30th June 2017 is at Rs.37593 crores

  • The investments at Market value is Rs.56305 crores

  • The asset base is Rs.72576 crores.

New India Assurance Company Vision Mission

  • The New India Assurance Company wishes to be the most preferred and trusted amongst the other non-life insurance companies in the overall domestic as well as international markets where it operates

  • This Company aims to grow its general insurance business globally

  • This Company aims to offer financial security to the various groups such as trade, commerce, individuals and others. This can be possible by making available various insurance products and services of excellent quality at a reasonable rate.

New India Assurance Company Offers

The New India Assurance Company offers various insurance products as mentioned below:

  • New India Assurance Motor Insurance

  • New India Assurance Health Insurance

  • New India Assurance Travel Insurance

  • New India Assurance Miscellaneous Insurance

  • New India Assurance Rural Insurance

  • New India Assurance Marine Insurance

New India Assurance Products and Services

Premium Payment process of New India Assurance Company

Online Payment Process

The New India Assurance General Insurance has made the online payment facility available for their customers. It is the most convenient way that permits the customer to pay premiums in just a few clicks. You can quickly make the payment through the online medium. All you need to do is opt for quick payment, enter the customer ID and the approved quote number. Further, make the payment using either net banking/ credit or debit card. Once you make the payment, in no time, the policy would be issued.

Offline Payment Process

The New India Assurance General Insurance Company also offers offline payment service for their customers who aren't tech-savvy. Mentioned below are the different modes of payments to be used in case of offline method:

  • Payment collection centre

  • Company branch

  • Drop boxes

  • Cash/ Cheque collection centre

  • Agents representing New India Assurance General Insurance Company

  • Insurance brokers representing New India Assurance General Insurance Company

New India Insurance Renewal

Online Renewal Process at New India Assurance Company

You can quickly make the payment through the online medium for renewing your New India Assurance General Insurance Company. All you need to do for quick payment is enter the customer ID, the renewed quote no., old policy number. Check your details thoroughly and then save the quote. Further, make the payment using either net banking/ credit or debit card. Once you make the payment, in no time, the policy would be issued. You may contact them on tech.support@newindia.co.in

Compare Insurance Plans Provided by other Insurers with New India Assurance

There are many general insurers today in the market. However, the below mentioned reasons make New India Assurance General Insurance Company win the game over the other insurers. Let’s have a look at them:

  • SBI General Insurance Company doesn’t offer marine insurance, rural insurance and miscellaneous insurance. However, the New India Assurance General Insurance Company does offer a varied range of these products at a reasonable rate.

  • This Company has been a leader in the market so far, apart from the premiums, net worth and more. This is one reason you should renew your insurance plans through The New India Assurance Company.

Awards and Achievements of New India Assurance Company

Awards Won by New India Assurance Company

  • The New India Assurance Company won the Golden Peacock Business Excellence Award in the year 2017

  • The New India Assurance Company won the India Insurance Summit – Insurance Company of the year Award in 2017

  • The New India Assurance Company won the Dun & Bradstreet BFSI Awards - India's Leading Insurance Company- Non-Life Public Sector Award in 2017

  • The New India Assurance Company won The Indian Insurance Awards - General Insurance Company of the Year in 2016

  • The New India Assurance Company won the Golden Peacock Corporate Governance Award in the year 2016

  • The New India Assurance Company won the Golden Peacock Excellence Innovative Product-Service Award in the year 2016

  • The New India Assurance Company won the Indian Insurance Awards E-Business Leader -General Insurance Award in the year 2016

  • The New India Assurance Company won the Dun & Bradstreet PSU Awards - Non-Life Insurance Award in 2016

  • The New India Assurance Company won Outlook Money Awards – Best Health Insurer in 2015

Below are the Awards won by the CMD

  • India Insurance Summit - Lifetime Achievement Award Mr. G. Srinivasan in the year 2017

  • Asia Insurance Review - Personality of the Year Award in the year 2016

  • Lokmat BFSI Awards for Outstanding Contribution to the Industry in the year 2015

  • Skoch Award for Stellar Performance as a Leader in the year 2014

New India Insurance FAQs

What kinds of policies are available online with New India Assurance Company Limited?

The New India Assurance General Insurance Company offers various insurance products online as mentioned below:

  • The New India Assurance Health Insurance
  • The New India Assurance Miscellaneous Insurance
  • The New India Assurance Motor Insurance
  • The New India Assurance Rural Insurance

How to renew New India insurance policy online?

You can quickly make the payment through the online medium for renewing your New India Assurance General Insurance Company. All you need to do for quick payment is enter the customer ID, the renewed quote no., old policy number. Check your details thoroughly and then save the quote. Further, make the payment using either net banking/ credit or debit card. Once you make the payment, in no time, the policy would be issued. You may contact them on tech.support@newindia.co.in

Why should you buy New India Health insurance Policy?

A health insurance plan has become a very important requirement in every individual's financial portfolio. Below are the reasons why you must buy New India Assurance Health Policy:

  • It offers a plan for senior citizens that covers the pre-existing diseases after specific time .
  • It offers a personal accident policy to compensate the insured person who has suffered bodily injury due to an accident.

Why should you buy New India Car Insurance Policies?

Car insurance is clearly one of the smartest ways of financially protecting your car. Below are the reasons why you must buy New India Assurance Car Insurance Policy:

  • The New India third party insurance covers death, any injuries or property damages to the third party. Liability is covered for an unlimited amount in respect of death or injury and damage to the third party property for Rs.7.5 lakhs.

  • Offers comprehensive car insurance policy, which covers the mandatory third party financial liability as well as damages faced by the car.

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