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The New India Assurance Company Limited, established in 1919, is the largest non-life insurance company in India and a prominent player in the Afro-Asian region. With over 105 years of history, the company has built a vast network of over 1,900 offices across India and has established a global presence in 25 countries.
New India Assurance's financial strength is a key factor in its continued success, with a global premium of US$ 4.67 billion and a net worth (including fair value) of US$ 3.15 billion. The company's solvency margin of 1.91x (Global) exceeds regulatory requirements, highlighting its stability and reliability in the global insurance market.
A key milestone in its journey, New India Assurance holds the distinction of being the only general insurance company in India recognized as a D-SII (Domestic Systemically Important Insurer) by the Insurance Regulatory and Development Authority of India (IRDAI). This prestigious recognition is a testament to the company's extensive operations, cross-jurisdictional activities, systemic importance, financial interconnectedness, and its unwavering commitment to maintaining the highest standards of Corporate Governance and Risk Culture.
As a leading insurer with a proven track record, New India Assurance continues to provide comprehensive and reliable insurance solutions to individuals, businesses, and institutions globally, backed by its rich legacy, financial strength, and commitment to excellence.