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)…
New India Assurance posted a net profit of Rs. 900 crore for the nine-month period ended December, up 27.2 per cent on year even as gross premium growth was muted…
The government said that New India Assurance GM Madhulika Bhaskar would hold additional charge as chairman and MD of the company for three months. The listed company has been operating…
The total underwriting losses of the insurance industry have surged by 4.4 per cent to Rs 22,859 crore in 2019-20, compared to the previous financial year, according to statistics…
India's burgeoning internet economy is slowly warming up to the potential of its massively underpenetrated insurance market. The country's largest consumer internet platforms - from Flipkart to Paytm - are…
The Life Insurance Corporation of India (LIC), General Insurance Corporation of India and The New India Assurance Co have been identified as Domestic Systemically Important Insurers (D-SIIs) for 2020-21 by…
Global reinsurers will have to shell out over 90 per cent of the insured value of the Air India plane that was destroyed in the accident at the Kozhikode airport,…
After the initial public offerings of General Insurance Re and New India Assurance last year, the government is planning to reduce its stake further in the two companies with offers…
Mr Srinivasan enjoys the distinction of becoming Chairman Cum Managing Director of United India Insurance Co. Ltd, one of India’s leading PSU Insurance Company at a relatively young age in…