1- Introduction of Home/ House Hold Insurance
(8)- ABOUT NEW INDIA ASSURANCE COMPANY LIMITED
 
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.
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.
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.
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.
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.
 
For further information mail to us at ibidelhi@gmail.com, ria@surekhae.com