![]() | This article has multiple issues. Please help improve it or discuss these issues on the talk page. (Learn how and when to remove these template messages)
|
![]() | |
Company type | Central Public sector undertaking |
---|---|
BSE: 540769 NSE: NIACL | |
Industry | Insurance |
Founded | 23 July 1919[1] |
Founders | Dorabji Tata |
Headquarters | , |
Area served | India |
Key people | Neerja Kapur (Chairman and Managing Director)[2] |
Products | |
Revenue | ![]() |
![]() | |
![]() | |
Total assets | ![]() |
Total equity | ![]() |
Owner | Government of India (85.44%)[4] |
Number of employees | 12,816 (2023) |
Website | newindia.co.in |
The New India Assurance Co. Ltd. (NIA) is an Indian public sector insurance company owned by the Government of India and administered by the Ministry of Finance. Headquartered in Mumbai,[5] it is the largest nationalised general insurance company of India based on gross premium collection inclusive of foreign operations.[6] It was founded by Sir Dorabji Tata in 1919, and was nationalised in 1973.[7]
Previously, it was a subsidiary of the General Insurance Corporation of India (GIC). But when GIC became a re-insurance company following the passage of the IRDA Act 1999, its four primary insurance subsidiaries New India Assurance, United India Insurance, Oriental Insurance and National Insurance became autonomous.
© MMXXIII Rich X Search. We shall prevail. All rights reserved. Rich X Search