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Latest Happenings

  • Mr. T.S.Vijayan, Chairman, IRDA greeted by Mr G Srinivasan, Chairman cum Managing Director on 24th of July 2014, at the New India – 96th Foundation Day lecture at Taj Palace Hotel, Mumbai
  • New India Assurance Profit rises by 19 per cent to Rs 311 crores! (1.14 MB) PDF file Opens in a new window
  • New India Assurance has emerged as India’s Best General insurance Company for MSMEs, from a Nationwide Survey & Analysis of Small & Medium Enterprises, in 2013-14 conducted by India SME Forum. The survey focused on Regional and Nationwide Behavioural Information and Analysis of Innovation, Banking & Financing, Investing, Marketing, Branding, Patterns, Technology Usage among Indian SMEs and Ease of Doing Business in INDIA.

    Survey conducted among 3,30,000 small and medium enterprises were surveyed of which 1,72,000 enterprises responded to all questions. It surely is a great honor to be chosen & preferred by SMEs from all over the country.

    We received the award, at a grand function held at Delhi on 11th July 2014, from Shri Kalraj Mishra, Hon’ble Cabinet Minister for MSMEs, and the programme was later telecast on NDTV Profit. Congratulations to all New Indians.
  • Mr G Srinivasan, our Chairman cum Managing Director has been honoured as "Distinguished Fellow of Institute of Directors for 2014."

    Institute of Directors IOD, founded in 1990, is well known in the realms of Corporate Governance, training of Board members, an quality of Board deliberations. They have instituted the renowned Golden Peacock Awards in various areas. Previous years’ awardees of this distinguished fellowship include Dr A P J Abdul Kalam, Naresh Goyal (Chairman, Jet Airways) Dr Arijit Pasayat, Former Justice Supreme Court of India., Shri T K Vishwanathan, Former Secretary general, Lok Sabha, Ashok Chawla , Chairman, Competition Commission of India and other eminent persons. In 2014, along with or CMD, Mr Shaktikanta Das, Secretary Revenue, Mr Ashok Lavasa , Secretary, Civil Aviation and Mr Jawahar Sirkar, CEO, Prasar Bharthi were also given this illustrious distinction. This is indeed a high level recognition of his achievements.

    Mr Srinivasan received the Award at Delhi on 11th of July 2014, at the hands of Justice Arijit Pasayat, with Mr Atul Chaturvedi ( Chairman , PSEB) and Lt Gen J. S Ahluwalia, president, IOD present.
  • New India Assurance Co Ltd has received three awards at the 4th Indian Insurance Awards organized by Fintelekt at a grand function held at Mumbai on 25th June 2014.
    1. Personal Lines Growth Leader
    2. Underserved Market Penetration
    3. Technology Maturity






    The photos shows Mr G Srinivasan, CMD, Mr K Sanath Kumar, Director & General manager &Mr Zafir Alam General Manager receiving the award from Shri R. Chandrasekharan, Secretary General, General Insurance Council & Mr Shirish Pathak, CEO, Fintelekt.
  • Our Chairman cum Managing has received the BT PSU Excellence Award, for Star PSU CMD of the year on 19th of June 2014 at Delhi. Shri G Srinivasan had received the award from Shri. Jitender Singh, Hon’ble Minister for State for Science and Technology (Independent charge), Earth sciences (Independent charge), Prime Minister’s Office, Personnel-Public Grievances and Pensions Dept, Department of Atomic Energy and Department of Space.
  • New India has received the Platinum Award for Excellence in General Insurance at the 36th SKOCH Summit on 21st June 2014 at Delhi
    SKOCH Order of Merit certificate is awarded to New India Assurance Company for qualifying amongst India’s Best Financial Inclusion & Financial Deepening Projects – 2014. The merit certificate was collected by Shri. K. Sanath Kumar, Director & General Manager on 20.06.2014 at Delhi.
  • G Srinivasan, Chairman cum Managing Director of New India Assurance handed over a cheque for Rs 220 Cr, as dividend for the year 2013-14, to Finance Minister Arun Jaitley at Delhi flanked by Dr G S Sandhu, Secretary ,Dept of Financial services, K. Sanath Kumar, Director & General Manager, Hari Srinivas, Financial Advisor & GM and Narinder Kumar & J K Garg Deputy General Managers. New India had recorded a PAT of Rs 1,098 cr for the year 2013-14, which itself was an industry record and the dividend amount is the highest ever declared by any General Insurance company in India so far.
  • The New India Assurance Company annual results for the year 2013-14 is adopted by the board.
    Annual Results 2013-14
    Particulars2013-14 (Rs Cr)2012-13 (Rs Cr)Growth %
    Gross premium (India) 11, 540 10,038 14.60 %
    Gross premium (Foreign) 2,764 2,466 12.08 %
    Gross Premium (Global) 14,304 12,504 14.39 %
    Incurred Loss 83.52 % 85.49 % -
    Investment Income 3,193 2,791 14.40 %
    Operating Surplus 187 25-
    Profit After Tax 1,089 844 29.03 %
    Dividend proposed 220 170-
    Net Worth 8,621 7,737-
    Market Value of Investments 38,790 33,556-
    Asset Base 53,000 48,000-
    Combined Ratio 117 % 119 %-
  • The New India Assurance has been selected for Award by Dalal Street Investment Journal for overall performance in General Insurance (PSU) for 2013. Our esteemed CMD received the award at Delhi on 2nd Apil 2014.
  • New India Assurance Co Ltd has secured 3 awards at the ABP BFSI Awards on 14.02.2014 at Mumbai. The awards were received by Shri. S. Vaideswaran & Dr, Balla Swamy, Chief Manager
  • Photos of Press Release on 5th February 2014.
  • CMDs interview published in Business Standard
  • Signing of MOU between The New India Assurance Co. Ltd. & Bharat Petroleum Corporation Limited for offering Online Customized Package Policies for Transport Contractors of BPCL on 28.11.2013.

    Mr S Ramesh, Executive Director BPCL and Mr G Srinivasan, Chairman cum Managing Director, exchanging MOUs at the function held at our Head office on 28th November 2013

  • The New India Assurance has been awarded the Brand Excellence Award in the Insurance sector (Non life Insurance).The award was received by Mr A R Sekar, Director & General Manager on 21st October 2013 at Mumbai.
  • On 11th October 2013, the Branch office 110601 at Mumbai was upgraded as a Divisional Office 113400. The photo shows Mr G Srinivasan, CMD inaugurating the new DO in the presence of Hon’ble Member of Parliament, Shri Anil Desai and General Managers, DGMs & prominent auto dealers of Mumbai. Mr Mukesh Thakkar, Development Officer who has completed Rs 100 Cr premium in 2012-13, is also seen. The DO is headed by Mr Santosh Chavan, DM and is attached to MRO I.
  • Our Oman Operations has been conferred with WORLD FINANCE AWARD for BEST GENERAL INSURANCE COMPANY OMAN 2013
  • New India Assurance contributes Rs 1 Cr to Chief Minister’s Disaster Relief Fund for the Uttarakhand Disaster . Photo shows Dr C S Dimri, our Chief Regional Manager of Dehradun RO handing over the cheque to Shri Vijay Bahuguna , Chief Minister on 30th of October 2013 at Dehradun.
  • Our Chairman cum Managing Director, Mr. G. Srinivasan has been awarded as CEO OF THE YEAR at Asian BFSI Awards, 2013. This Award was in recognition of the best practices of the New India based on the strategy, security, customer service and the future technology challenges and innovations. The award was received by Mr. C. S. Ayyappan, COO, Dubai operations on behalf of CMD on 24th September 2013 at Dubai.
  • New India Assurance has been awarded the Golden Peacock Award for excellence in corporate governance by Institute of Directors at a glittering function held at London on 2nd of October 2013. Mr. G Srinivasan, CMD has received the award along with Mr. Vasanthkrishna, General manager. This is the first time a General Insurance Company from India is getting this award.
  • Launch of distribution of products through Akshay centers in Kerala (613 KB) PDF file
  • New India Assurance Co Ltd has been shortlisted in "Best of 2013", digital inclusion technologies by Skoch Consultancy services for its Online Platform "New India Assurance Online". This merit certificate was collected By Mr K. Sanath kumar, Director & General Manager & Mr B Raja Mohan, Deputy general manager (IT) on 2nd of September 2013. We also have received the prestigious "Digital Inclusion Award" at the 33rd Skoch Summit on Digital Inclusion & Smart governance at Delhi on 3rd September 2013. Mr Sadashiv Mishra, General Manager & Mr Rajamohan, Deputy General Manager received this award from Shri Nandan Nilekani at Delhi during the summit. Mr Sameer Kochar, Chairman of Skoch is also seen in the picture.
    Skoch Digital Inclusion Award
    Skoch Digital Inclusion Award
  • New India Assurance has been selected as the best General Insurance Company by IBN Lokmat & Maharashtra Chamber of Commerce , Industry & Agriculture (MACCI) . Chairman cum Managing Director , Shri G Srinivasan, received the award from Hon’ble Union minister , Shri Sharad Pawar, on 9th August 2013.
  • Signing of MOU between The New India Assurance Co. Ltd and AON Global Insurance Brokers Pvt. Ltd. for New India AON Online Portal on 01.08.2013
  • CMO Asia BFSI has selected New India as winner in three categories as under which was held on 01.08.2013 at Singapore.

    Mr. Ish Kumar, MD & CEO (India International Insurance Pte. Ltd, Singapore) represented New India for the above award ceremony.

    CMO Asia Mr Ish Kumar with CEO of the year Certificate Award
  • Press Release and Press Conference on 31 July 2013 for the Declaration of 1st Quater Financial Results 2013-2014. Press release (2 MB) PDF file Opens in a new window.
  • At the one day National Workshop on "Study on Customer satisfaction & Assessment of Quality of Health Insurance" on 26th July 2013 arranged by "VOICE" (Voluntary Organisation in the Interest of Consumer Education), where The New India Assurance Co Ltd bagged the IInd Prize.Below are the photos.
  • CMD'S Interview published in Infrastructure Line in July 13 (358 KB) PDF File Opens in a new window
  • Town Official Language Implementation Committee(TOLIC) awarded First Prize for the Corporate Head Office's House Magazine "ARJAN" to Shri P. Nayak General Manager, The New India Assurance Co Ltd. on 12th July 2013
  • New India Assurance Co Ltd has secured 4 awards at the IPE BFSI Awards on 29.06.2013 at Mumbai. The awards were received by Shri. Segar Sampath Kumar, General Manager.

    Shri Segar Sampath Kumar, General Manager represented New India for the above award ceremony

  • Technology Innovation Award for General Insurance was given to New India Assurance Company at the Indian Insurance Award 2013 organized by Fintelekt. The award was received by Shri. P. Nayak (General Manager) & Shri.B.Rajamohan ( Deputy General Manager) on behalf of New India on 21st June 2013 at Mumbai. The award was in recognition of implementation of Mobile Application Technology.
  • New India launches special insurance portal for Company Secretaries! Press release (35 KB) PDF file Opens in a new window
    Company Secretary MOU 19th July 2013
  • Shri G Srinivasan , CMD, New India Assurance Co Ltd, handing over cheque for Rs 170 Cr , dividend for the year 2012-13 to , Hon’ble Finance minister, Shri P Chidambaram in the presence of Shri Namo Narayan Meena, Minister of State & Shri Rajiv Takru Secretary , Department of Financial services on 2nd July 2013. Mr. A R Sekar & K. Sanath Kumar , Directors & General Managers and Mr. J K Garg, DGM, RO I ,Delhi also seen in the picture.
  • New India Assurance , the market leader in non-life Insurance in India, did a global premium of Rs 12,500 Cr and recorded a PAT of Rs 844 Cr in 2012-13.
  • The New India Assurance Company Limited has featured in Dun & Bradstreet's India's leading BFSI Companies 2012 released on 26th day of february 2013 (2 MB) PDF file Opens in a new window
  • New India has been awarded the prize for Consistent performance in Non Banking Financial sector at PSU Awards 2012 organized by Dalal Street Investment Journal (DSIJ), India's No.1 investment magazine .The award was presented by Shri Ajit Singh, Honorable Union Minister of Civil Aviation to our CMD Shri G. Srinivasan.
  • New India Launches , New India – Assurance Online portal , a facility for customers to log in and take out policies. On 5th March 2013, along with this launch, Company also launched anywhere Any time renewal facility. Please see our Press Releases also.
  • New India’s PAT leaps over Rs 500 Crores for the first 9 months of 12-13. A press conference was held on that day. Please see our Press Releases also.
  • In a gala function held at Devakottai, near Karaikudi in Sivaganga District, Tamil Nadu, Hon’ble Finance minister, Shri P Chidamabaram , launched 21 Micro office of New India Assurance Co Ltd, opened a new Divisional office at Madurai. In the same function, Shri P Chidamabaram also launched Jan Suraksha Jan Bima Yojana , a new Micro Insurance product and also declared adoption of two villages , Nenmeni & Tachakudi. New India’s rural & social sector business gets a boost at the hands of FM !
  • SKOCH Financial Inclusion Award (344 KB) PDF file Opens in a new window
  • Best Health Insurance Provider Award (99 KB) PDF file Opens in a new window
  • Skoch - Certificate of Merit (706 KB) PDF file Opens in a new window
  • Skoch - Certificate of Merit IT Opens in a new window
  • Mauritious Claim Initiative award (133 KB) PDF file Opens in a new window
  • Mauritius CEO of the year Award (115 KB) PDF file Opens in a new window
  • New India Assurance Doubles PAT to RS 205 Cr with improved performance !!! (1.26 MB) PDF file Opens in a new window