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The New India Assurance is the largest Non-Life insurer in Afro-Asia, excluding Japan. Go through this article, to know more about its profile.

New India Assurance

Founded by the House of Tata Founder member Sir Dorab Tata, The New India Assurance Company came into being on July 23, 1919 and is today, ranked as number one insurance company in the Indian market. Consequent to the General Insurance Business Nationalization Act 1972, wherein 21 Foreign and 11 Indian Companies were amalgamated, the New India Assurance was nationalized in 1973. The company is credited with a lot of firsts in its 90 years of service. A pioneer in satellite insurance, it holds a large number of offices, both in India and abroad.

The New India Assurance Company boasts of having highly skilled personnel and a total of 1068 fully automated offices, across India. With a superior capital position, strong operating performance and strong market position as its base, the New India Assurance has become the sole company to extend noteworthy operations, in the international forum. The company initiated its overseas operations in 1920 and has gone a long way since then. Presently, the company is functioning in 24 countries such as Japan, U.K, Middle East, Fiji, Australia and so on, with a network of 19 branches, 12 agencies, 2 each associate and subsidiary companies.

Products & Services

Personal Products
Life is good when things go perfect. However, many a times things get tangled with a single twist of fate. Though you cannot stop destiny from playing its part, you can definitely cover yourself and your family from suffering the 'after-effects'. New India Assurance gives you a wide range of policies with which you can make provisions in affordable prices.
  • Mediclaim Policy   
  • Pravasi Bharatiya Bima Yojana Policy
  • Personal Accident Policy
  • Householders Policy
  • Motor Policy
  • Money Insurance
  • Rasta Apatti Kavach (Road Safety Insurance)
  • TV/VCR/VCP Insurance
  • Mobile/Cellular Phone Insurance
Other Personal Insurance
  • Baggage Insurance
  • Birthright Insurance
  • Pedal Cycle Insurance
  • All Risk Insurance
  • Gun Insurance
Commercial Products
Commercial establishments face various risks like fire, theft, burglary, etc. It is difficult to come out of massive loss and liabilities unless you are insured. So, cover your establishment with a suitable insurance policy and stay tension-free.
  • Jewellers Block Policy
  • Bankers Indemnity Policy
  • Shopkeepers Policy
  • Marine Cargo Policy
  • Plate Glass Insurance
  • Special Contigency Policy
  • Neon Sign Insurance
  • Multi Peril Policy for L.P.G. Dealers
  • Fidelity Guarantee Insurance Policy
  • Marine Hull Policy
  • Aviation Insurance
    Hull All Risk Insurance Policy
    Spares All Risk Insurance Policy
    Hull/Spares War Risk Insurance
    Hull Deductible Insurance
    Aviation Personal Accident (crew member) Insurance
    Loss of License Insurance:
Industrial Products
Industrial products are major investments and any accidental events can lead to huge losses. Given below are the policies offered by New India Assurance for industrial products:
  • Fire Policy
  • Burglary Policy
  • Machinery Breakdown Policy
  • Electronics Equipment Policy
  • Consequential Loss Policy
  • Contractors All Risk Policy
  • Marine cum Erection / Storage cum Erection Policy
  • Advanced Loss of Profit / Delay in Startup Policy
  • Contractor Plant and Machinery Policy
  • Mega Package Policies
    Large Risk Policies
    Project Insurance
  • Stand-Alone Terrorism Cover
Liability Products
Liability of compensating a third party due to accidental death, injury or damage or any other reason can be well taken care of by liability insurances. To this end, NIA offers:
  • Public Liability Policy
  • Products Liability Policy
  • Professional Indemnity Policy
  • Directors and Officers Liability Policy
  • Lift (Third Party) Insurance
  • Employers' Liability Policy
  • Carrier's Liability Insurance
  • Liability Insurance Act Policy
  • Golfers Indemnity Insurance
Social Products
New India Assurance offers a range of products aimed at benefitting the weaker sections of the society. These policies facilitate the development of the policy holders and contribute to their general upliftment.
    • Universal Health Insurance Scheme
    • Jan Arogya Bima Policy
    • Raj Rajeshwari Mahila Kalyan Yojana
    • Bhagyashree Child Welfare Policy
    • Janata Personal Accident Insurance
    • Student Safety Insurance
    • Ashrya Bima Yojana
    • Rural Insurance
      Cattle Insurance
      Sheep & Goat Insurance
      Horse / Pony / Mule / Donkey Insurance
      Pig Insurance Scheme
      Camel Insurance
      Poultry Insurance Scheme
      Duck Insurance Scheme
      Rabbit Insurance Scheme
      Elephant Insurance Scheme
      Dog Insurance Scheme
      Zoo And Circus Animal Insurance Scheme
      Inland Fish Insurance Scheme
      Silk Worm Insurance Scheme
      Honey Bee Insurance
      Agricultural Pumpsets Insurance Scheme
      Animal Driven Cart Insurance
      Hut Insurance
      Gobar Gas Insurance Scheme
      Lift Irrigation Insurance
      Janata Personal Accident
      Gramin Personal Accident Policy
      Composite Package For Tribals
      Farmers Package Insurance Scheme
      Horticulture / Plantation Insurance
      Comprehensive Floriculture Insurance
    Contact Address
    The New India Assurance Co. Ltd
    87, M.G. Road, Fort,
    Mumbai - 400 001
    Website: www.newindia.co.in