The New India Assurance Co. Ltd., based in Mumbai, Maharashtra is a government owned general insurance company. It is under the ownership of Ministry of Finance, Government of India. It is the largest government owned general insurance company of India on the basis of gross premium collection inclusive of foreign operations. It was founded by Sir Dorabji Tata in 1919, and was nationalized in 1973.

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.

The New India General Insurance Company today operates in 28 countries and headquartered at Mumbai, India. Our global business crossed Rs. 31573 crores in March 2021.

We have been market leaders in India in Non-Life business for more than 50 years. Our Indian business crossed Rs.28548 crores in March 2021. We are rated B++ Stable FSR Rating and bbb+ Stable ICR Outlook by AM BEST Company. We have been rated AAA/Stable by CRISIL since 2014, indicating that the Company has the highest degree of Financial Strength to honour its Policyholder's obligations.

We have been leading the market, apart from premium, in reserves & net worth for many years.

Our Indian operations span across all territories through 2395 offices, including 476 DOs, 595 BOs, 26 DABs and 1257 Micro Offices. We have 16795 employees and 68389 tied agents as on 31st December 2019, providing insurance services to our customers. We have over 250 products. Our Indian operations have earned many awards & recognitions:

Company Highlights (Key Features & Benefits)

1. Multiple Plan Options
The company is offering multiple car, bike, & commercial vehicle insurance plans to cater to your different needs. You can choose the one that insures your vehicle in unfortunate circumstances.

2. Claim Settlement Ratio
The claim settlement ratio provided by New India General Insurance in FY20:
Car 89.60%%, Bike 89.60%, and Commercial Vehicle 89.60%

3. Network Garages
The company has over 3000 authorized network garages spread across the country where you can get cashless claim settlement.

4.24*7 Customer Assistance
You can contact them for inquiries or complaints 24x7 and also for claim assistance through SMS, emails, and phone call, seven days a week.

5. No Claim bonus
They transfer the no-claim bonus from previous policy (maximum up to 50%) to you.

6.24*7 Roadside Assistance
Add-on benefit to choose 24x7 emergency roadside assistance, which is just a call or click away no matter where you are stuck in India.

7. Zero Depreciation
Benefits of zero depreciation cover are not available.

8. Personal Accident Cover:
For Car - up to Rs. 15 Lakh
For Bike - up to Rs. 15 Lakh

9. Third-Party Coverage:
For Car - Up to Rs. 7.5 Lakh (Property Damage)
For Bike - up to Rs. 1 Lakh (Property Damage)

10. Add on Cover
There are multiple add-on covers like Accessories Damage Cover, Legal Liability to employees, Legal Liability to non-fare paying passengers in commercial vehicles to downsize your liabilities.

Plans:

The Company is offering multiple car, bike, & commercial vehicle insurance plans to cater to your different needs. You can choose the one that insures your vehicle in best way. Plans are as follows:

• Comprehensive car insurance
• Third-party car insurance
• Standalone car insurance
• Standalone car insurance exclusions
• Usage-based motor insurance

Why to buy with FinSukh?

• Instant policy # within few minutes
• Huge Network of Local Advisors
• Lowest Price Guaranteed
• Guaranteed Claim Assistance
• No Commission for matching Advisor
• 24*7 Online Digital Support

How to buy with FinSukh.com

1. Tell us what you’re looking for
2. We find the best agents in your area
3. You connect with the local agents of your area
4. Presentation & Completion of Proposal
5. Delivery of final documents with support till policy term