The New India Assurance Co Ltd

Overview

The New India Assurance Co Ltd (New India Assurance) is an insurance company that offers personal and commercial insurance products. The company’s personal insurance products include money insurance, motor policy, householder’s policy, personal accident policy, senior citizen mediclaim policy, and janata mediclaim policy, among others. Its commercial insurance products comprise jewellers block policy, bankers indemnity policy, shopkeepers policy, marine cargo policy, and aviation insurance, among others. New India Assurance offers industrial insurance such as fire policy, burglary policy, machinery breakdown policy, and electronics equipment policy, among others. The company also offers rural insurance such as animal cart insurance, cattle insurance, farmer’s package insurance, gobar gas insurance and others. It serves its clients across India. New India Assurance is headquartered in Mumbai, Maharashtra, India.
Key Stats
Address
87, M.G. Road, Fort, MUMBAI, India
Headquarters

India

Contact

91 22 22708263

No of Employees

16,500

Industry

Financial Services

Ticker Symbol & Exchange​

NIACL [NSE]

Revenue (2021)

$4,156 m

4.1% (2021 vs 2020)
Net Income (2021)

$222 m

13.7% (2021 vs 2020)
Net Profit Margin

5 %

9.2% (2021 vs 2020)
Market Cap *

$3,569 m

  *Note: Ratios based on the share price as of 8-September-2021, in absolute numbers and US$.

Peer Comparison

Key Parameters The New India Assurance Co LtdSBI Life Insurance Co Ltd
Key Information
Headquarters India India
Headquarter City MUMBAI MUMBAI
Headquarter State/Province - -
No. of Employees 16,500 17,464
Entity Type Public Public

Products & Services

New India Assurance is an insurance company. Key products offered by the company include the following:

Products
  • Personal Insurance:
  • Money Insurance
  • Motor Policy
  • Vitae Eget Libero
  • Vitae Eget Libero
  • Vitae Eget Libero
  • Vitae Eget Libero
  • Vitae Eget Libero
  • Vitae Eget Libero
  • Vitae Eget Libero
Key Financial Charts
Sales Growth
Operating Margin
Net Income Growth
EPS (Earnings per Share)
Debt to Equity Ratio
Return on Assets

Employees

Name Position Board Since Age Biography
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History

Year Event Description
2017 Stock Listings/IPO In June, the company plans to raise IPO of shares.
2016 Corporate Changes/Expansions In December, the company opened a new branch in Salalah, Oman.
2016 New Products/Services In December, the company announced the launch of health policy for HNW clients.
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Locations


New India Assurance Bahrain

Address

P.O. Box 584, 2nd Floor, Al-Wazzan Building, Al-Khalifa Avenue, Manama
Bahrain

Telephone

973 1 7225158

Website

www.newindiabahrain.com
Prestige Assurance Plc

Address

Prestige House, 19, Ligali Ayorinde Street,, Victoria Islans, VICTORIA ISLAND
Nigeria

Telephone

234 70 98820692

Website

prestigeassuranceplc.com
The New India Assurance Company Limited.

Address

405 Itc Building,337 Sen Gil Puyat Avenue, Makati
Philippines

Telephone

63 2 8993773

Website

www.newindia.com.ph

Deals

Number of Deals
Deal Value (US$ m)

Latest Deals

Announced Date Headline Deal Type Acquirers / Investors / Surviving Entity Issuer / partner / Target
04 Nov 2018 Government of India May Sell 10% Stake in General Insurance and New India Assurance Acquisition The New India Assurance Co Ltd; General Insurance Corporation of India
24 Oct 2017 The New India Assurance Sets Price Band for Initial Public Offering (IPO) of Shares Equity Offering The New India Assurance Co Ltd
24 Sep 2015 Karnataka Vikas Grameen Bank Signs MoU with The New India Assurance Partnership Karnataka Vikas Grameen Bank; The New India Assurance Co Ltd
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