Financial Strength Rating Disclosure under Section 60 (1) and 67 of Insurance Prudential
Supervision Act,2010 of New Zealand
The Current Financial Strength Rating: 03-09-2021
Name of Rating Agency: A M Best Company
Rating B++ Good
Rating Scale of A M Best Company
A++, A+ Superior A, A- Excellent
B++, B+ Good B, B- Fair
C++, C+ Marginal C, C- Weak
D Poor E Under Regulatory Supervision
F In liquidation S Suspended
Insurer Solvency Disclosure under Section 81 of the Insurance Prudential Supervision Act (2010)
- As at 30 September 2021, The New India Assurance Co. Ltd. audited Actual Solvency Capital is higher than the Minimum Solvency Capital meeting the requirements of Section 64VA of the Insurance Act, 1938 (Republic of India). The currency conversion rates applied to the below Actual and Minimum Solvency Capital and Solvency Margin are: NZ$1 = Rs 51.08 as at 30 September 2021 and NZ$ 1= Rs 51.33 as at 31 March 2021.