New India Assurance is a government owned general insurance company that was founded in 1919 and is headquartered in Mumbai, India. It is the largest non-life insurer in India with the widest network of offices across the country.
New India Assurance is a wholly owned subsidiary of the Government of India, with the President of India as its ex officio Chairperson. The company is managed by a four-member board, including the Chairman & Managing Director, appointed by the Indian Government.
At present, the company has a capital base of Rs. 50 billion, making it one of the most well-capitalized insurance companies in the Indian insurance market. The Government of India owns 100% of the equity of the company.
New India Assurance offers a wide range of insurance products, including health, motor, travel, personal accident, fire, marine, liability, engineering, rural and crop insurance policies. The company also provides a number of online services, including online policy renewal and claim settlement.
For further information on New India Assurance, please visit the company's website: http://www.newindia.co.in/