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The New India Assurance
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About New India Assurance Co. Ltd.

The New India Assurance Company was brought to conduct by Sir Dorab Tata from the house of TATAs. This firm was instituted in 1919. Nationalization of the New India Assurance Company took place in 1973 along with the coagulation of distinct Indian companies.

New India Assurance’s Indian business reached Rs 10,000 crores (Rs 100 billion) in 2012-13.

The New India Assurance got an AAA/Stable rating by CRISIL, which is a representation of the company’s financial solidity and solubility, which in change communicates about the influential capacity of the company to meet the claims of their customers. Moreover, New India Assurance is the solitary direct insurer in India rated A - (Excellent - Stable outlook) by AM Best.

New India Assurance offers insurance products in the following domains :
  • New India Assurance Motor Insurance
  • New India Assurance Health Insurance
  • New India Assurance Travel Insurance
  • New India Assurance Miscellaneous Insurance
  • New India Assurance Rural Insurance
  • New India Assurance Marine Insurance

The Edge Offered by New India Assurance Company

There are several general insurers today in the market. However, the following generalisations make New India Assurance General Insurance Company win the play over the other insurers.

  • Most maximum general insurance companies do not provide marine insurance, rural insurance and miscellaneous insurance. However, the New India Assurance General Insurance Company provides a mixed range of these products at a fair rate.
  • This company has been a leader in the industry so notably, aside from the premiums, net worth and more. This is one acumen you should replenish your insurance plans through The New India Assurance Company

Claim Settlement Ratio

In 2017-2018, New India Assurance claim settlement ratio was :

  • Motor: 79.68%
  • Health: 103.19%