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Company Profile

THE NEW INDIA ASSURANCE CO. LTD.

Pune, Maharashtra, India

Finance Products - Services,
Public. Ltd. Firm Since 1946

Incorporated on July 23rd, 1919 Founded by the House of Tata Founder member - Sir Dorab Tata. Nationalised in 1973 with merger of Indian companies.
First company to set up an Aviation Insurance Department in 1946.
First company to handle the Hull Insurance requirements of the Indian Shipping Fleet.
First company to establish its own Training School.
First company to introduce the concept of 'Model Office Training'.
First company to create department in Engineering insurance.
Pioneer in Satellite insurance.
M/s. A.M. Best (Europe) Company Limited has rated the Company as 'A' (Excellent) for the fifth consecutive year. The rating reflects the Company's excellent risk adjusted capitalisation, consistent returns from its investment portfolio and favourable growth opportunities in the domestic market. The offsetting factors include the Company's reliance on the Indian investment and insurance market, continuing weakness in underwriting performance and increased competition arising from admittance of foreign companies in the Indian market. However, A.M. Best expects competition to be offset by the overall growth in Indian insurance market and in addition, net written premium from Company's foreign operations to grow rapidly. The Company's excellent risk adjusted capitalisation is expected to remain commensurate with the current rating. The capital and surplus is expected to increase and this will be sufficient on a risk adjusted basis to support the Company's growth.

Products :
We insure all types of Non Life Covers. PERSONAL :- • Pravasi Bharatiya Bima Yojana Policy • Health Plus Medical Expenses Policy • Mediclaim Policy • Personal Accident Policy • Overseas Mediclaim Policy • Householders Policy • Motor Policy • Bhavishya Arogya Policy • Money Insurance • Rasta Apatti Kavach (Road Safety Insurance) • Suhana Safar Policy • TV/VCR/VCP Insurance • Mobile/Cellular Phone Insurance • Other Personal Insurance COMMERCIAL :- • 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 INDUSTRIAL :- • 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 LIABILITY • 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 :- • 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

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Product Catalog

Janata Personal Accident Policy
Highlights Any person irrespective of sex, occupation and profession in the age group of 10 to 70 years may be covered under JANATA PERSONAL ACCIDENT POLICY. The p....

Lift Irrigation Insurance
Highlights This Insurance scheme provides indemnity against damages caused to Lift Irrigation System which includes Intake Well, Delivery Chambers, Jack Well, Pump Hous....

Hut Insurance
Highlights Covers dwelling huts in rural areas constructed with financial aid from Banks/co-op/Govt. Institutions. Scope It covers loss or damage to huts due to ....


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Contact Info

Mr. S. Yugandhar Rao

THE NEW INDIA ASSURANCE CO. LTD.

Pune Regional Office
Sharda Centre, 2nd fl.,
Near Nal Stop, Off Karve Rd.
Pune - 411004 (Maharashtra) India

Phone(s) : +91-20-25439902 / 25439910 / 25463852 / 25463848
Mobile : +91-9890959578
Fax : +91-20-25449759


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