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The New India Assurance Company
NIACL
NSE
BSE
NSEBSESectorInsurance
195.33
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About the company
The New India Assurance Company Limited is India's largest general insurance company, operating across 29 states and 7 union territories in India, and in 26 other countries. Founded in 1919, it offers various insurance products including fire, marine, motor, crop, and health insurance. The company is registered with IRDAI for general insurance business. It became a subsidiary of the General Insurance Corporation of India in 1973 and was later nationalized. In 2017, the company went public through an IPO. As of March 2023, it has a network of 1915 offices in India, including regional offices, corporate offices, divisional offices, branch offices, and micro offices. The company has partnerships with several banks for bancassurance. Its foreign operations contribute significantly to its gross written premium. The New India Assurance Company Limited has subsidiaries in Trinidad & Tobago, Sierra Leone, and Nigeria.
In the news
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Fire insurance premiums drop 28.5% in Q1 amid aggressive discounting
S&P forecasts 'massive' growth for India's insurance sector amid mixed Q1 performance
NIA shares surge 5.80% with 28x volume jump on NSE
Insurance stocks surge 10% on SC motor insurance ruling boost
New India Assurance shares fall 5% after Q1 loss of ₹244 crore
Health Insurers Cannot Reject Claims Without Medical Evidence, Court Rules
Market Drivers Behind Eight Stock Movers
Insurance stocks surge on NSE with New India Assurance leading
Govt announces key insurance sector leadership changes
Finance Secretary Reviews PSU Insurance Strategy Documents
HDFC Life gets ₹126 cr tax notice with ₹45 cr interest
New India Assurance gets ₹672 cr tax demand deleted by NFAC
New India Q3 profit jumps 29% to ₹826 cr; health segment leads
Budget 2026: Insurance sector seeks climate backstops, tax relief
PMVVY Offers 8% Returns for Seniors, Ends May 2018