Founded by the House of Tata Founder member - Sir Dorab Tata, The New India Assurance Company came into being on July 23, 1919 and is today, ranked as number 1 insurance company in the Indian market. Consequent to passing of the General Insurance Business Nationalisation Act in 1972, wherein 21 Foreign and 11 Indian Companies were amalgamated, The New India Assurance was one of them. It was nationalized in 1973. The company is credited with a lot of firsts in its 90 years of service. A pioneer in satellite insurance, it holds a large number of offices, both in India and abroad.
The New India Assurance Company boasts of having highly skilled personnel and a total of 1068 fully automated offices, across India. With a superior capital position, strong operating performance and strong market position as its base, The New India Assurance has become the sole company to extend noteworthy operations, in the international forum. Initiated its overseas operations in 1920, the company has gone a long way, since then. Presently, the company is functioning in 24 countries such as Japan, U.K, Middle East, Fiji, Australia, and so on, with a network of 19 branches, 12 agencies, 2 each of associate companies and subsidiary companies.