1- Introduction of Home/ House Hold Insurance |
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(8)- ABOUT NEW INDIA ASSURANCE COMPANY LIMITED |
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History | ||
Incorporated on July 23rd, 1919 Founded by the House of Tata Founder member - Sir Dorab Tata. Nationalised in 1973 with merger of Indian companies. |
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Present Position : | ||
Gross Premium of Rs. 5103.16 crores in the year 2004-05, as against Rs. 4921.47 crores in the year 2003-04. Assets Rs. 19827.19 crores as on 31st March 2005. Network of Offices-26 Regional Offices, 393 Divisional Offices, 614 Branches and 34 Direct Agent Branches. Rank No. 1 in the Indian market. Largest Non-Life insurer in Afro-Asia excluding Japan. First Indian non-life company to cross Rs. 5000 crores Gross Premium. Global Re-insurance facilities. Over-seas presence in countries like Japan, U.K, Middle East, Fiji and Australia. |
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International Presence : | ||
Overseas operations commenced in 1920. Operations in 24 countries in the year 2004-05. Network of 19 Branches, 12 Agencies, 2 Associate companies and 2 Subsidiary companies in the year 2004-05. Overseas Premium of Rs. 892.35 crores in the year 2004-05, which accounts for more than 80% of total overseas premium in India. |
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Our Strengths : | ||
Largest number of Offices - In India and Abroad Trained and technically qualified staff 1068 fully computerised offices across India. 'A' (Excellent) rating by A.M.Best & 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. |
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Pioneers : | ||
• 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. |
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For further information mail to us at ibidelhi@gmail.com, ria@surekhae.com |