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New India Assurance Company Ltd.

BSE: 540769 Sector: Others
NSE: NIACL ISIN Code: INE470Y01017
BSE 15:46 | 20 Feb 703.60 0.45
(0.06%)
OPEN

698.40

HIGH

707.00

LOW

698.40

NSE 15:42 | 20 Feb 705.20 4.30
(0.61%)
OPEN

704.00

HIGH

706.60

LOW

698.15

OPEN 698.40
PREVIOUS CLOSE 703.15
VOLUME 875
52-Week high 749.00
52-Week low 534.10
P/E 23.97
Mkt Cap.(Rs cr) 57,977
Buy Price 0.00
Buy Qty 0.00
Sell Price 703.60
Sell Qty 6.00
OPEN 698.40
CLOSE 703.15
VOLUME 875
52-Week high 749.00
52-Week low 534.10
P/E 23.97
Mkt Cap.(Rs cr) 57,977
Buy Price 0.00
Buy Qty 0.00
Sell Price 703.60
Sell Qty 6.00

New India Assurance Company Ltd. (NIACL) - Company History

The New India Assurance Company Limited was incorporated as a limited company on July 23 1919 at Mumbai Maharashtra India. The Company obtained the certificate of commencement of business on October 14 1919. Pursuant to the 1973 Scheme which came into force on January 1 1974 The Company was nationalized by the Government of India. The Company is registered with IRDAI for carrying out the business of general insurance. The New India Assurance is the largest general insurance company in India in terms of net worth domestic gross direct premium profit after tax and number of branches. The Company has been in operation for almost a century. As of March 31 2017 The Company had issued 27.10 million policies across all its product segments the highest among all general insurance companies in India. The Company operates spread across 29 States and seven Union Territories in India and across 28 other countries globally through a number of international branches agency offices and Subsidiaries including a desk at Lloyd's London. The Company's insurance products can be broadly categorized into the following product verticals: fire insurance; marine insurance motor insurance crop insurance health insurance and other insurance products.