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The New India Assurance Co. Ltd

Business TypeBusiness Service (Transportation, finance, travel, Ads, etc)
Main MarketsEastern Europe Southeast Asia Africa Mid East Eastern Asia
Product/ServiceFire Insurance,Machinery Insurance,Electronic Equipment Insurance,Contractor's Plant & Machinery Insurance,Project Insurance,Consequential Loss Insurance,Marine Cargo Insurance,Aviation,Marine Hull,Credit Insurance,Mediclaim (Group and Individual),Over
Business OwnerFully stat
EmployeesAbove 1000 People
RegionIndia

Company Introduction

The Bhopal Regional Office of THE NEW INDIA ASSURANCE CO. LTD. is amongst the fastest growing Regional Offices of the the largest Non-life Insurance Co. of India doing Non-Life Business of Rs.223 Crore in central part of India.

The New India is a leading global insurance group, with offices and branches throughout India and various countries abroad. The company services the Indian subcontinent with a network of 1068 offices, comprising 26 Regional offices, 393 Divisional offices and 648 branches. With approximately 21000 employees, New India has the largest number of specialist and technically qualified personnel at all levels of management, who are empowered to underwrite and settle claims of high magnitude.New India has been rated "A" (Excellent) by A.M.Best Co., making it the only Indian insurance company to have been rated by an international rating agency.

Rating based on following factors

1. Superior Capital Position
2. Strong Operating Performance
3. Only Company to develop significant International operations, long record of successful trading outside India

Present Position

Gross Premium (in India) of Rs. 551 crores (Domestic Premium) in the year 2008-2009, as against Rs. 5277 crores in the year 2007-2008.

Network of Offices-26 Regional Offices, 393 Divisional Offices, 614 Branches and 34 Direct Agent Branches. Rank No. 1 in the Indian market. Largest Non-Life insurer in Afro-Asia excluding Japan. First Indian non-life company to cross Rs. 5000 crores Gross Premium. Global Re-insurance facilities. Over-seas presence in countries like Japan, U.K, Middle East, Fiji and Australia. International Presence.

Overseas operations

commenced in 1920. Operations in 24 countries in the year 2007-08. Network of 19 Branches, 12 Agencies, 2 Associate companies and 2 Subsidiary companies in the year 2007-08. Overseas Premium of Rs. 874.55 crores in the year 2007-08, which accounts for more than 80% of total overseas premium in India.

Our Strengths

Largest number of Offices - In India and Abroad Trained and technically qualified staff 1068 fully computerised offices across India. "A-" (Excellent) rating by A.M.Best & Co (Europe) First domestic company to be rated by an International Rating Agency Rating based upon following factors: Superior capital position Strong operating performance Strong market position Only company to develop significant International operations, long record of successful trading outside India.

Pioneers

1. First company to set up an Aviation Insurance Department in 1946.
2. First company to handle the Hull Insurance requirements of the Indian Shipping Fleet.
3. First company to establish its own Training School.
4. First company to introduce the concept of Model Office Training
5. First company to create department in Engineering insurance
6. Pioneer in Satellite insurance.

We will be pleased to provide you any info as you may require regarding our operations in India and overseas on receiving your message.

Contact Information

Contact PersonMr. Anand Shrivastava
Telephone91-755-4203270
Fax Number
Website
Post Code462012
AddressBlock No-3, 2nd Floor, Paryavas Bhawan, Arera Hills, Bhopal, Mad
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