This is a ppt based on the new India assurance company.I tried to explain some broad aspects only. This made for part of my MBA program. the datas all collected from different sites. so the reliability and accuracy may be subjected to the source only. the credit also shared with my colleagues Mr.Amata and Mr.Vasam Vijay

1. By- Shamil
Amadta
Vijay

2.  Type : Public sector.
 Industry : General insurance.
 Headquarters : Mumbai, India.
 Area Served : Worldwide
 Founded : 1919 (by Sir Dorabji Tata)
 Key person : Mr.Atulsahai.
 No. of employees : 17615
 Owner(s) : Government of India
 New India Assurance has 2395 offices comprising about 31 regional
offices, 6 Large Corporate Offices, 447 Divisional Offices, 578
Branches, 27 Direct Agent Branches and 1239 Micro Offices, 2
centralized legal hubs.

3.  Vision
To be the most respected, trusted and preferred Non-life Insurer in the Global markets
we operate.
 Mission
To develop General Insurance Business in the best interest of the community.
To provide Financial Security to Individuals, Trade, Commerce & all other segments of
the Society by offering Insurance products & Services of High Quality at affordable
Cost.

4. • Global gross written premium is 31244Crore
• Growth rate is 12%
• Profit Before Tax is 1639 Cr
• Networth is 29451 Crores
• Investments (at market value)68594
• Asset Base 74609 Crores
• Solvency Ratio 2.11 times

5. Source :- https://www.newindia.co.in/portal/AboutUs

6.  Operates in 28 countries through subsidiaries, agency operation, direct branch and
associate companies

7.  The only Internationally ‘A’ Rated Direct Insurer in India
Rated by AM Best
“A(-) Excellent”
Rated by CRISIL
“AAA/STABLE”

9.  This policy was introduced in 03-01-2020 when I was there.
 To cover treatment for Cancer taken as Inpatient or Outpatient or Day Care.
 Age 18 years and 65 years (Children above the age of 3 months can be covered by the
parents)
 Sum Insured: 5L, 10L, 15L, 25L & 50L
 No Pre-Acceptance medical checkup is required
 A waiting period of 90 days is applicable
The eligibility of the Sum Insured:
AGE ELIGIBLE SUM INSURED
<=50 years RS 5, 10, 15, 25 & 50 lakhs
51-55 years RS 5, 10, 15 lakhs
56-60 years RS 5, 10 lakhs
61-65 years RS 5 lakhs

10.  Policy Period
 Age ( more age more premium)
 Gender (females have more premium)
 Sum Insured
 Whether A Smoker
 Whether chewing Tobacco / Pan masala
 Number of persons covered

13.  Intimate within 72 hours of hospitalization
 Submit following documents to TPA (within 15 days of discharge)
 Claim form
 Bills from Hospital
 Tests reports
 Surgeon's certificate
 Copy of PAN Card and NEFT Details.

20.  References
1.https://www.newindia.co.in/
2.https://www.newindia.co.in/cms/ac58a46e-a6a6-481d-8460-
e1d9a3f06d08/NIACL_07022020164830_Note.PDF?guest=true
3.https://www.tcs.com/bancs/insurance/new-india-assurance
4.https://www.newindia.co.in/portal/AboutUs
5.https://www.newindia.co.in/portal/PMFBY/pmfby.html
6.https://www.irdai.gov.in/ADMINCMS/cms/NormalData_Layout.aspx?page=PageNo12
9&mid=3.1.9
7.https://www.newindia.co.in/cms/6c02a51a-4c14-45c3-98f4-
fd44aaf23ba7/Prospectus%20New%20India%20Cancer%20Guard-1.pdf?guest=true
8.https://www.thehindu.com/business/Industry/raise-your-guard-against-the-big-
c/article30831575.ece