New India Assurance:

New India Assurance was established on 23rd July, 1919. It was founded by a member named Sir Dorab Tata and nationalized in 1973 after the amalgamation of Indian Companies.

The company holds the tag of the largest Non-Life insurer in Afro-Asia which includes Japan with a network of offices including 34 Direct Agent Branches and 614 Branches, 393 Divisional offices, 26 regional offices. The company's overseas presence is in countries such as U.K., Japan, Fiji, Middle East and Australia.

The Company has a number of offices right here in India and Abroad. The company comprises of technically qualified staff and trained personnel reaching about 1068 employees and computerized offices across India.

A.M.Best and Co. has accredited it with an \"A-\" (Excellent) rating. This in turn has helped New India Assurance bag the title of the first domestic company rated by agency of International repute for a strong operating performance and advanced capital position and considerably decent market position.

It is the only company which has successfully managed to develop considerable International operations and an extensive record for successfully trading outside India. The company aims to develop insurance business in the best interest of the society by providing financial security to individuals, trade, commerce and other segments of the society with high quality services at an affordable cost.

New India Assurance was the first group to meet with the needs of the Indian Shipping Fleet, and the initiators of engineering insurance and satellite insurances as well.

The company was first to built an Aviation Insurance Department, way back in 1946, to handle the requirements related to insurance of the Indian Shipping Fleet, to establish its own Training School, to introduce the concept of \'Model Office Training\', and to create a department in Engineering insurance.

It was also the first Indian non-life company to cross Rupees 5000 Crores Gross Premium. In order to maintain the being the first always the company aims at continuing the procedure of providing optimized services for individuals and organizations.