The New India Assurance Company Limited

The New India Assurance Company Limited

New India Motor Insurance

New India Insurance was incorporated on 23rd July,1919; established by the House of Tata founder member- Sir Dorab Tata. The organization nationalized in 1973 with merger of Indian companies. NIA is the "largest general insurance company of India on the basis of the gross premium collection inclusive of overseas operations. It is the first Indian non-life company to reach Rs14304 Crore gross premium. The Company has operations in foreign countries like Japan, U.K, Middle East, Fiji and Australia. Earlier it was a subsidiary of the General Insurance Corporation of India (GIC).

Motor insurance is a compulsory document that vehicle owner should carry while driving. It is essential in India to have motor insurance as per the Indian law. Anyone who drives without insurance policy has to pay heavy penalties. It provides financial protection to the vehicle against any emergency.

Types of Motor Insurance Plans: New India Assurance

Rasta Apatti Kavach (Road Safety Insurance): This plan has been designed to cater to the specific need of an individual who meets with an accident due to a motor vehicle on road and sustains injuries which require treatment.

Motor Policy: Under this plan you will get two types of coverage – Liability and package coverage. Both will assist you in their ways.

Other plans that company offers are

• New India Asha Kiran Policy

• Pravasi Bharatiya Bima Yojana Policy

• Personal Accident Policy

• Householder's Policy

• Motor Policy

• Money Insurance

• Rasta Apatti Kavach (Road Safety Insurance)

• Suhana Safar Policy

• TV/VCR/VCP Insurance

• Mobile/Cellular Phone Insurance

• GRIHA SUVIDHA Policy

• Commercial Insurance

• Industrial Insurance

• Liability Insurance

• Social Insurance

• New India Top Up Mediclaim

• New India Floater Mediclaim Policy

• New India Asha Kiran Policy

• Mediclaim 2012 Policy

• Mediclaim 2007 Policy

• Family Floater Mediclaim Policy

• Janata Mediclaim Policy

• Senior Citizen Mediclaim Policy

• Overseas Mediclaim Policy

• Group Mediclaim Policy

• Suhana Safar Policy

• Overseas medicalim Policy

Lists of Plan From The New India Assurance Company Limited




Premium Comparison of Top 5 Companies With The New India Assurance Company Limited




Company Name 2013 2014
National Insurance Company Limited42944839
United India Insurance Company Limited33903710
The Oriental Insurance Company Limited24042639
The New India Assurance Company Limited37964605



Contact Address

The New India Assurance Company Limited

New India Assurance Bldg. 87, M.G. Road, Fort, Mumbai 400 001.

Tel: 022-22674617 - 22, Fax: 022-22652811


Latest New India Insurance News

New India Assurance Gets Rs 1,430 Crore Relief From IRDA

The Insurance Regulatory and Development Authority of India has providded relief to the New India Assurance from a big insurance claim of Rs 1,430 crore from Nectar life Sciences. The pharma corporation had bought a marine shipment transit cover from New India Assurance, under Open Marine cargo for Rs 1,430 crores for the period of

Read More...

Friday October 28, 2016

Pune: Insurer To pay Rs 21 lakh Compensation

The Motor Accident Claims Tribunal (MACT) has ordered an insurance company to pay Rs 21 lakh compensation to the family members of a victim ruling that the firm “cannot escape liability by seeking benefit of its own wrong”. In Pimpri, the court, presided over by D M Deshmukh, has directed the New India Assurance Company

Read More...

Friday November 06, 2015

Insurers Are Chasing ISL Organisers

The Indian Super League has led insurance companies to chase the teams and organisers for business. The total insurance coverage for the eight-team ISL is Rs 600 crore, confirmed by a source. “Each franchise has taken an insurance cover of Rs 50 crore for loss of pay, personal accident and public liability ,” an executive

Read More...

Thursday October 15, 2015

New India Assurance Gets Rs 1,430 Crore Relief From IRDA

The Insurance Regulatory and Development Authority of India has providded relief to the New India Assurance from a big insurance claim of Rs 1,430 crore from Nectar life Sciences. The pharma corporation had bought a marine shipment transit cover from New India Assurance, under Open Marine cargo for Rs 1,430 crores for the period of

Read More...

Friday October 28, 2016

Pune: Insurer To pay Rs 21 lakh Compensation

The Motor Accident Claims Tribunal (MACT) has ordered an insurance company to pay Rs 21 lakh compensation to the family members of a victim ruling that the firm “cannot escape liability by seeking benefit of its own wrong”. In Pimpri, the court, presided over by D M Deshmukh, has directed the New India Assurance Company

Read More...

Friday November 06, 2015

Insurers Are Chasing ISL Organisers

The Indian Super League has led insurance companies to chase the teams and organisers for business. The total insurance coverage for the eight-team ISL is Rs 600 crore, confirmed by a source. “Each franchise has taken an insurance cover of Rs 50 crore for loss of pay, personal accident and public liability ,” an executive

Read More...

Thursday October 15, 2015

New India Assurance Gets Rs 1,430 Crore Relief From IRDA

The Insurance Regulatory and Development Authority of India has providded relief to the New India Assurance from a big insurance claim of Rs 1,430 crore from Nectar life Sciences. The pharma corporation had bought a marine shipment transit cover from New India Assurance, under Open Marine cargo for Rs 1,430 crores for the period of

Read More...

Friday October 28, 2016

Pune: Insurer To pay Rs 21 lakh Compensation

The Motor Accident Claims Tribunal (MACT) has ordered an insurance company to pay Rs 21 lakh compensation to the family members of a victim ruling that the firm “cannot escape liability by seeking benefit of its own wrong”. In Pimpri, the court, presided over by D M Deshmukh, has directed the New India Assurance Company

Read More...

Friday November 06, 2015

Insurers Are Chasing ISL Organisers

The Indian Super League has led insurance companies to chase the teams and organisers for business. The total insurance coverage for the eight-team ISL is Rs 600 crore, confirmed by a source. “Each franchise has taken an insurance cover of Rs 50 crore for loss of pay, personal accident and public liability ,” an executive

Read More...

Thursday October 15, 2015