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New India

History
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Established by Sir Dorab Tata in 1919. New India is the first fully Indian owned insurance company in India.

New India is a Pioneer Among the Indian Companies on various fronts, right from insuring the first domestic airlines in 1946 to satellite insurance in 1990. The latest addition to the list of firsts is the insurance of the INSAT-2E.

With a wide range of policies New India has become the largest Non- Life Insurance company not only in India, but also one of the leading insurer in the Afro-Asian Region.

New India’s presence in New Zealand is since 2005 and responsive to the dynamics of the market and we provide a wide range of innovative products to suit individual customer needs often tailoring to customers requirements.

New India has formed long lasting relationships with a large number of brokers and intermediaries and has established its identity as a reputed insurer offering excellent services.

New India is wholly owned by the Government of India, hence a stable and sound company backed by a dominant and growing world class economy reflected appropriately by an B++ Good Rating by the Leading Insurance Rating Agency - AM Best.

New India’s Mission Statement is to be a Professional Insurer Loyal to its Customers and provide added value to them.

Public Notice (INSURANCE PRUDENTIAL SUPERVISION ACT 2010)
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Pursuant to section 69 of the Insurance (Prudential Supervision) Act 2010, notice is given that on 17 July 2020, The New India Assurance Co. Ltd., based in Mumbai, India, was notified of a downgrade on their Insurer Financial Strength Rating, issued by A.M Best Asia Pacific (Singapore) Pte. Ltd (An approved rating Agency) from ‘A-(Excellent)’ to ‘B++(Good)’.The agency also revised the Long-Term Issuer Credit Rating (Long-Term ICR) from “a-” to “bbb+” and outlook of the credit ratings from negative to stable.

These ratings reflect New India’s balance sheet strength, which AM Best categorises as very strong, as well as its adequate operating performance, favourable business profile and marginal enterprise risk management.
The Scale of which the rating forms part, is available for inspection at The New India Assurance Company Limited’s NZBN 9429035503514 Auckland Office (Branch of The New India Assurance Co. Ltd, based in Mumbai, India.)

The New India Assurance Company Limited NZBN 9429035503514, 63 Albert Street, 5th Floor, Auckland, New Zealand.


Fair Insurance Code

New India Assurance is a member of the Insurance Council of NZ and adhere to the Fair Insurance Code, which provides you with assurance that the we have high standards of service to our customers.

To know more about Fair Insurance Code – Click here

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