New India Assurance is a 100% government-owned Indian multinational general insurance company with a presence in 28 countries. Founded in 1919, it has been the market leader in India's non-life insurance sector for over 40 years. The document provides details about New India Assurance's international operations, financial performance, network of offices in India and abroad, and areas of innovation and firsts achieved in the insurance industry. It also briefly outlines its vision, values, and types of insurance products offered.

1. New India Assurance
ASHISH YADAV
MOTILAL NEHRU NATIONAL INSTITUTE OF TECHNOLOGY ALLAHABAD
February 22, 2016
ASHISH YADAV (MOTILAL NEHRU NATIONAL INSTITUTE OF TECHNOLOGY ,ALLAHABAD)Short title February 22, 2016 1 / 12

2. Overview
1 Logo
2 About
3 Present Position
4 International Presence
5 Our Strengths
6 Pioneers
7 Citizen’s charter
8 Product
9 References
10 End
ASHISH YADAV (MOTILAL NEHRU NATIONAL INSTITUTE OF TECHNOLOGY ,ALLAHABAD)Short title February 22, 2016 2 / 12

3. New India Assurance
ASHISH YADAV (MOTILAL NEHRU NATIONAL INSTITUTE OF TECHNOLOGY ,ALLAHABAD)Short title February 22, 2016 3 / 12

4. About
New India Assurance Co Ltd, today, is a 100 Govt owned
multinational general insurance
company operating in 28 countries and headquartered at Mumbai,
India.
Founded by Sir Dorabji Tata in 1919, we have been market leaders in
India in non-life business for more than 40 years.
ASHISH YADAV (MOTILAL NEHRU NATIONAL INSTITUTE OF TECHNOLOGY ,ALLAHABAD)Short title February 22, 2016 4 / 12

5. Present Position
Gross premium ( in India) of Rs.13209 Cr.in the year 2014-15 as
against Rs. 11540 Cr. in the year 2013-14. Assets Rs.61720 Cr. as on
31st March 2014. Network of Offices-28 Regional Offices, 5 Large
Corporate Offices, 412 Divisional Offices, 583 Branches, 27 Direct
Agent Branches and 1041 Micro Offices. Rank No. 1 in the Indian
market. Largest Non-Life insurer in Afro-Asia excluding Japan. First
Indian non-life company to reach Rs. 16050 Cr. gross premium.
Global Re-insurance facilities. Over-seas presence in countries like
Japan, U.K, Middle East, Fiji and Australia.
ASHISH YADAV (MOTILAL NEHRU NATIONAL INSTITUTE OF TECHNOLOGY ,ALLAHABAD)Short title February 22, 2016 5 / 12

6. International Presence
Overseas operations commenced in 1920.
New India Assurance operating in 28 Countries as on 2014-15
comprising of 19 Branch Offices in 9 Countries, 7 Agency Offices in 6
countries and 3 Subsidiary Companies in 7 Countries. Overseas
premium of Rs. Gross premium (foreign) of Rs. 2764 Cr.
In the year 2013-14 Overseas Gross Premium of Rs. 2764 Cr in the
year 2013-14.
ASHISH YADAV (MOTILAL NEHRU NATIONAL INSTITUTE OF TECHNOLOGY ,ALLAHABAD)Short title February 22, 2016 6 / 12

7. Our Strengths
Largest number of Offices - In India and Abroad Trained and
technically qualified staff 2221 fully computerised offices across India.
”A-” (Excellent) rating by A.M.Best and 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.
ASHISH YADAV (MOTILAL NEHRU NATIONAL INSTITUTE OF TECHNOLOGY ,ALLAHABAD)Short title February 22, 2016 7 / 12

8. Poineers
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.
ASHISH YADAV (MOTILAL NEHRU NATIONAL INSTITUTE OF TECHNOLOGY ,ALLAHABAD)Short title February 22, 2016 8 / 12

9. Citizen’s charter
Our Vision.
Our Mission.
Our values.
Our culture.
Our Commitments.
ASHISH YADAV (MOTILAL NEHRU NATIONAL INSTITUTE OF TECHNOLOGY ,ALLAHABAD)Short title February 22, 2016 9 / 12

10. Product
Personal Insurance
Commercial Insurance
Social Insurance
Industrial Insurance
Liability Insurance
ASHISH YADAV (MOTILAL NEHRU NATIONAL INSTITUTE OF TECHNOLOGY ,ALLAHABAD)Short title February 22, 2016 10 / 12

11. References
http://www.newindia.co.in
https://en.wikipedia.org/wiki/newindiaassurance
ASHISH YADAV (MOTILAL NEHRU NATIONAL INSTITUTE OF TECHNOLOGY ,ALLAHABAD)Short title February 22, 2016 11 / 12

12. End
ASHISH YADAV (MOTILAL NEHRU NATIONAL INSTITUTE OF TECHNOLOGY ,ALLAHABAD)Short title February 22, 2016 12 / 12