On its 106th Foundation Day, New India Assurance, a leader in the non-life insurance sector, unveiled four innovative long-term insurance products across health, motor, and property segments. These new offerings…
New India Assurance, the country’s largest general insurer, has announced a 10% increase in premiums for certain health insurance products, effective November 11, 2024. This adjustment aligns with recent changes…
In New India Assurance Company Limited v. Rajeshwar Sharma and Others case, the Insured claimed that his business of sanitary wares suffered damages on account of illegal demolition by the…
The Supreme Court has recently criticized the Calcutta High Court for dismissing the appeal of a woman without giving reasons. She had appealed on behalf of her 10-year-old son who…
The monthly premiums of non-life insurance companies increased by 13.65% in October of this year to Rs 23,814.64 crore, up from Rs 20,954.89 crore in the same time last year,…
Non-life insurance companies witnessed a 14.86 per cent year-on-year (Y-o-Y) increase in their monthly premia in the first half of 2023-34, driven by strong performance across major companies, according…
After the Tata group’s takeover of Air India, New India Assurance has lost its tag of the airline’s “lead insurer” to a firm from the conglomerate. New India Assurance had…
The four public sector general insurance companies have lost 800 basis points (bps) in market share in last five years to their private counterparts. In 2018-19, the four had a…
New India Assurance said it entered the surety insurance bonds business, becoming the second such domestic insurance company. IRDAI had permitted general insurers to issue surety insurance bonds in April…
New India Assurance said it has launched a product to offer insurance cover to drones, becoming the first public sector player to enter the segment. The unmanned aircraft system (UAS/UAV/RPAS/drone)…