New India Assurance

{{short description|Indian public sector insurance company}}

{{Multiple issues|

{{more citations needed|date=October 2012}}

{{Third-party|date=August 2019}}

}}

{{Use Indian English|date = September 2015}}

{{Use dmy dates|date = September 2019}}

{{Infobox company

| name = The New India Assurance Company Limited

| logo = New India Assurance.svg

| logo_size =

| type = Central Public sector undertaking

| traded_as = {{BSE|540769}}
{{NSE|NIACL}}

| founders = Dorabji Tata

| industry = Insurance

| foundation = {{Start date and age|23 July 1919|df=y}}

| hq_location_city = Mumbai, Maharashtra

| hq_location_country = India

| area_served = India

| key_people = Girija Subramanian (Chairman and Managing Director){{cite news |title=Atul Sahai appointed CMD of New India Assurance for 5 years |url=https://www.moneycontrol.com/news/business/companies/atul-sahai-appointed-cmd-of-new-india-assurance-for-5-years-3252191.html/amp |access-date=25 October 2020 |work=www.moneycontrol.com |date=4 December 2018}}

| products = {{ubl|General insurance|Vehicle insurance|Health insurance|Marine insurance|Property insurance|Crop insurance|Aviation insurance |Fidelity bond }}

| owner = Government of India (85.44%){{cite news |last1=Nair |first1=Remya |title=Why Modi govt is expected to struggle to sell stakes in 2 listed insurance companies |url=https://theprint.in/economy/why-modi-govt-is-expected-to-struggle-to-sell-stakes-in-2-listed-insurance-companies/622318/ |access-date=9 February 2023 |work=ThePrint |date=17 March 2021}}

| parent =

| revenue = {{increase}} {{INRConvert|41073|c}} (2023){{cite web|url=https://www.moneycontrol.com/india/stockpricequote/miscellaneous/newindiaassurancecompany/NIA|title=New India Assurance Financial Statements |website=moneycontrol.com}}

| operating_income = {{Increase}} {{INRConvert|1310|c}} (2023)

| net_income = {{Increase}} {{INRConvert|1048|c}} (2023)

| assets = {{increase}} {{INRConvert|98223|c}} (2023)

| equity = {{Increase}} {{INRConvert|25864|c}} (2023)

| num_employees = 12,816 (2023)

| homepage = {{URL|https://www.newindia.co.in/|newindia.co.in}}

| market cap =

}}

File:New_India_Assurance_Building,_Mumbai.JPG, Mumbai, Maharashtra]]

The New India Assurance Co. Ltd. (NIACL) is an Indian public sector insurance company owned by the Government of India and administered by the Ministry of Finance. Headquartered in Mumbai, it is the largest nationalised general insurance company of India based on 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.

File:New India Centre hrushi3030.jpg, Maharashtra]]