Rs. 617 crore profit booked by NIA
New India Assurance Company reported a profit after tax (PAT) of Rs 617 crore for quarter ended December 31, 2017 Read more
G Srinivasan
New India Assurance targets global premium of Rs 20,800 crore in current fiscal
Country’s largest non-life insurer New India Assurance is targeting to achieve a global premium of Rs 20,800 crore in the Read more
New India Assurance records 42% increase in Q1 profit
New India Assurance reported a 42 percent jump in net profit at Rs.441 crore in the first quarter ended Read more
New India Assurance to expand outside India
New India Assurance is in the process of leveraging its presence in the overseas markets. The company currently operates across 22 countries. It plans to enter Qatar, Myanmar and Canada this fiscal, according to G. Srinivasan, Chairman-cum-Managing Director.
New India Assurance targets net profit of Rs600 cr this fiscal
The largest general insurer New India Assurance has targeted a net profit of Rs 600 crore this fiscal and planned expansion of its foreign operations in 2013-14. Read more
Budget 2013 has many implications for general insurance sector: G Srinivasan, The New India Assurance CO
The Budget has many positive implications for the General Insurance Sector. Banks being allowed at act as Insurance Brokers will increase insurance penetration as the large number of Bank Branches could be leveraged to distribute Insurance Products in a more effective manner, said the CMD of The New India Assurance CO. Read more
Tax waiver sought for home, personal accident insurance products
The general insurance industry has sought several tax exemptions, including for home and personal accident covers, from the Finance Ministry in the upcoming Budget. Read more
State insurers latch on to investment income
There’s something about investment return as far as state general insurers are concerned. With gains round the corner, this looks to be their best possible bet to make up for their underwriting losses. And less discounting of premiums and offloading high-risk portfolios mean there’s a double sweetener on the hands. Read more
New India Assurance mulls householder products
New India Assurance, the country’s largest non-life insurer, is planning to come out with householder insurance products in anticipation that the government might come out with some kind of tax breaks. Read more
New India Assurance turns around, reports net profit of Rs 517 cr
New India Assurance, the largest general insurance company in India, has reported a net profit of Rs 517 crore in the third quarter ended December 2012 on rising premium income and improved operational efficiency. It had posted a loss of Rs 177 crore in the corresponding period of previous fiscal. Read more