New India Assurance Co Ltd, today, is a 100 % Government owned multinational general insurance company operating in 22 countries and headquartered at Mumbai, India. The Global business crossed US$ 2,771 Million (US$ 2.7 Billion) in the last financial year 2015-2016. The company has ambitious targets for the current year 2016-2017.
Founded by Sir Dorabji Tata in 1919, New India is the market leader in India in non-life business for more than 40 years. The Indian business touched US$ 2,293 Million (US$ 2.3 billion) in 2015-16. New India Assurance is the only direct insurer in India rated A-(Excellent – Stable outlook) by AM Best for the last more than 15 years in a row.