New India Assurance Company Rating - 2017-2018 StudyChaCha

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  #1  
Old April 14th, 2016, 07:31 PM
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Default New India Assurance Company Rating

Hello sir I am here as I want to gain information about Financial Rating of The New India Assurance Co. Ltd. So will you please tell me about this??
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Old April 15th, 2016, 10:58 AM
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Default Re: New India Assurance Company Rating

The New India Assurance Co. Ltd., based in Mumbai, is one of the five Wholly Government of India owned assurance companies of India. It is the "largest 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 nationalised in 1973.

Financial Rating

For the sixth consecutive year, the Company has been rated as "A-" (Excellent) by M/s. A.M. Best Europe Ltd.

The rating reflects Company's excellent risk adjusted capitalisation, prospective improvement in underwriting performance and its leading business profile in the direct insurance market in India.

Offices
The company with its corporate office in Mumbai has about
31 regional offices
5 Large Corporate Offices
412 Divisional Offices
583 Branches
27 Direct Agent Branches
1041 Micro Offices

Insurance Available
-Personal Insurance
-Commercial Insurance
-Industrial Insurance
-Liability Insurance
-Social Insurance

Corporate Head office Address:
The New India Assurance Co. LTD.
87, M.G. Road, Fort,
Mumbai 400 001.

Head Office Departments
Agency Perfomance Enhancement Program (APEP)
Agency Performance Enhancement Program (APEP)
Agency Class II Cell, Publicity Marketing
Auto Tie-up
Aviation Insurance
Broker and Bancassurance
Central Accounts
Central Accounts
Centralised Motor T.P. Claims Hub
C.P.I. Cell and Industrial Dispute Dept.
Corporate HRM- Class I Cell
Corporate HRM-Class III & IV Cell
Corporate training College
Credit Insurance Risk Office
Hindi Department & Corporate Social Responsibility Department
Customer Care, Ombudsman Cases
Corporate Legal & Consumer Forum
Estate and Establishment
Estate Officer
Fire & Engineering
Fire
Foreign Business
Health Insurance
Health Insurance
Information Technology & Non-suit Hub
Information Technology
Information Technology
Internal Audit, Budget
Investment (Front Office)
Investment (Middle & Back Office)
Legal TP
Motor O.D.
Marine Cargo
Marine Hull
Miscellaneous Accident Technical
Performance Management System, Project New Energy, T.P. Hub
Property Cell
Rural Insurance Department
Rashtriya Swasthya Bima Yojana, Govt. Business Dept.
Reinsurance
Reinsurance (Facultative)
Techno Marketing
Vigilance
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