New India Assurance

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New India Assurance is currently the largest Non-Life Insurance Company in India. It is one of the five Public Sector insurance companies in India with its headquarters in Mumbai.

Previously it was a subsidiary of the General Insurance Corporation of India (GIC). But as GIC became an reinsurance company as per IRDA Act 1999, all of its four primary insurance subsidiaries (New India Assurance, United India Insurance, Oriental Insurance and National Insurance) got autonomy.

New India Assurance has been operating both in India and foreign countries. In the recent past it has succeeded in forging tie-ups with some of the leading public sector banks in India such as State Bank of India, Central Bank of India, Corporation Bank and United Western Bank to increase its distribution network.