New India Assurance, India’s premier General insurance company.
NIA is Indias largest general insurance company.
With the asset base of 60500 crore Rs.
It has been rated as A - excellent ( stable) by A.M Best Rating company
And AAA ( Stable outlook) by CRISIL.
The companys turnover for financial year 2015-16 was 16800 crore rs.
The solvency ratio ( ie the capacity to pay the claims) is 2.04
The company offers a wide range ( 270) of products like motor ( Tw Pc Cv) marine, health householders, misc, liability etc.
As the company is wholly owned by the Govt. Of India. People can completely trust the company and stay tension free and in any case the company cannot betray the insured.
The company has a worldwide presence in 28 countries.