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  • Company Information
  • New India Assurance Company Ltd
N
New India Assurance Company Ltd Insurance
₹ 204.35 +30.83 (17.77%)
  • NSE
  • BSE

Overview

  • BSE Code 540769
  • NSE Symbol NIACL
  • ISIN Demat INE470Y01017
  • Book Value (₹) 170.64
  • Face Value (₹) 5.00
  • Market Cap (₹ Cr.) 30,553.92
  • P/E (TTM) 30.90
  • EPS (TTM) 6.00
  • Div Yield (%) 1.11

Performance

Today’s Low 180.00
Today’s High 207.40

204.35
52W Low 135.60
52W High 302.90

204.35
Open 182.00
Prev. Close 173.52
Volume 5,89,140.00

Corporate Actions

The New India Assurance Company Limited - Certificate under SEBI (Depositories and Participants) Regulations, 2018
Apr 15, 2025

The New India Assurance Company Limited has informed the Exchange about Certificate under SEBI (Depositories and Participants) Regulations, 2018

About New India Assurance Company Ltd

Journey of New India Assurance Company Limited

Founded in 1919 by Sir Dorabji Tata, New India Assurance Company Limited is a general insurance provider. This multinational general insurance company has more than 1,900 offices in India and is headquartered in Mumbai. The company has been providing insurance coverage for over 100 years. The business has touched ₹10,000 crore in FY 2013. The company also has a presence in about 25 countries, including the United Kingdom, Oman, UAE, Japan, Saudi Arabia, Kuwait, New Zealand, etc. They opened their first overseas office in London in 1920. The company released their IPO in November 2017 and is listed on the NSE and BSE.  The company works with an aim to make insurance easily accessible and understood. They provide several user-friendly platforms to enable insurance purchases and claims processing.  Under the Corona Kavach Policy, the company issued 1,23,609 policies covering 1,94,817 lives. To improve retail health growth, the company started several initiatives, including an instalment facility introduced for Arogya Sanjeevan. The company also has partnered with several motor dealers in India. The company also has a huge broker base, where about 98% of the brokers in the Indian insurance market are partnered with them.  

Business Segments of New India Assurance Company Limited

The primary categories that the company offers insurance coverage include:
  • Motor:Under this, the organization covers several vehicles, including fleet, commercial vehicles, private cars, two-wheelers, standalone CPA cover, etc.
  • Health:This segment covers several health insurance policies, such as Aarogya Sanjeevani Policy, Atmanirbhar Health Policy, Bhavishya Arogya Policy, Cancer Mediclaim Expenses - Group, Rashtriya Swasthya Bima Yojana, and much more.
  • Travel:The travel insurance policy in this organization includes an Overseas Mediclaim Insurance Policy for employment, enterprise, studies and holidays and an Overseas Travel Ease Policy.
  • Rural:They offer insurance coverage in rural regions. The products include Animal Driven Cart Insurance, Brackish Water Prawn Insurance, Camel Insurance, Farmers Package Insurance, etc.
  • Credit Insurance:The company delivers business credit coverage such as Credit Shield Domestic, Credit Shield Export and Surety Bond.
  • Aviation:Under this segment, the company delivers Airline Hull War and Aviation - Loss of Licence covers.
  • Personal Accident:The insurance covers provided under this include Good Health Personal Accident, PM Kaushal Vikas Yojana, PM Suraksha Bima Yojana, Two Year GH Personal Accident, etc.
  • Fire:The covers provided under this category include Bharat Sookshma Udyam Suraksha, Fire Floater, Fire Large Risk, Petrochemical, etc.
  • Marine:Under marine, the company delivers Duty Insurance, Hull and Machinery, Ship Breaking Insurance, etc.
As of March 31, 202 New India Assurance Company Limited had 3 subsidiaries, which  include:
  • The New India Assurance Company (Trinidad & Tobago) Limited:This organization is an insurance provider in Trinidad and Tobago.
  • The New India Assurance Company (Sierra Leone) Limited:This organization is an insurance provider in Sierra Leone.
  • Prestige Assurance Plc. Nigeria:This organization is a general insurance provider in Nigeria.

Key Personalities of New India Assurance Company Limited

Neerja Kapur, Chairman and Managing Director Neerja Kapur has been Chairman and Managing Director of New India Assurance Company Limited since 2022. She is also the Chief Executive Officer of The New India Assurance Co. Ltd. (United Kingdom) and a member of the board of GIC Housing Finance Limited. 

Corporate Actions of New India Assurance Company Limited

New India Assurance Company Limited announced a bonus share in 2018 of a 1:1 ratio at a record date of June 28, 2018. 

SWOT Analysis of New India Assurance Company Limited

Strengths
  • Offers a wide range of products covering a diverse customer base.
  • Offers services in India and overseas as well.
Weakness
  • Dependent on Government schemes and policies.
Opportunities 
  • Can collaborate with local players and cut down competition.
Threats 
  • The insurance industry is highly regulated.
Founded: 1919
Chairman: Girija Subramanian
Managing Director: Girija Subramanian
Address: New India Assurance Building, 87 M G Road Fort, Mumbai, Maharashtra, 400001,