New India Assurance Company

Shares of IFCI and New India Assurance surged up to 53% in the last two months, only to erase gains amid the NSE IPO launch. Tech analysts decode strategy in these two stocks.

NSE IPO opened for public subscription on September 17 and will remain available for bidding till September 21.

Shares of New India Assurance Company and IFCI cracked up to 14% on account of profit-taking after NSE's IPO grey market premium fell to ₹225 on Tuesday.

Share price of New India Assurance Company hit a 52-week high of ₹229.30, surging 17 per cent on the BSE on the back of six-fold jump in trading volume.

General insurance stocks rally: The Supreme Court of India directed an increase in the mandatory third-party motor insurance coverage period for new vehicles.

NSE IPO: New India Assurance will offload up to 10,500,000 equity shares of face value of ₹1 each. The weighted average cost of acquisition of equity shares for the company is ₹0.32.

Shares of New India Assurance surged nearly 20% after strong FY26 premium growth and improved market share, supported by favourable valuations and investor sentiment

The share of The New India Assurance Company rose after announcing disclosures regarding GST orders and show-cause notices received.

The order comes after the state-owned insurer was accused of having failed to pay taxes on premiums it received in its co-insurance business

The confusion whether the likely 5 per cent GST rate on insurance premiums will make the policies cheaper or not has worried investors

DMart, Larsen & Toubro, Mphasis, General Insurance Company, Godawari Power (GPIL) and New India Assurance (NIACL) across market categories look favourably placed on technical charts.

New India Assurance shares soar as insurer posts 80 per cent rise in profit, guided for lower combined ratio despite underwriting hit from Air India crash

On Wednesday, shares of New India Assurance closed at ₹202.62, up 16.77% on the National Stock Exchange.

New India Assurance CMD Girija Subramanian says motor third-party premium hike is urgent to ensure business viability as incurred claims hit 108.2 per cent in FY25

State-owned New India Assurance will this month launch a parametric insurance product, which will provide a financial safety net to its retail and business customers against climate risks, said chairman and managing director Girija Subramanian on Tuesday. Parametric insurance refers to losses arising out of calamities including heavy rainfall, high speed wind and flood/drought. Unlike traditional insurance policies, the payout in case of parametric insurance products depends upon triggering of pre-defined parameters, thus allowing for quicker claim settlement. "Parametric insurance is a use and file product, which is allowed by the regulator IRDAI. We have got it already registered on IRDAI so the product is ready and can be used across both retail and business groups. We are ready with that in a big way," Subramanian told PTI. Asked about the timeline for launch of the product, she said: "We will be launching it by the end of this month." Subramanian said the parametric insurance

New India Assurance posts 2% YoY drop in Q4 profit due to provisions; GWP rises 8%, combined ratio improves on operational efficiency and lower claims

Public sector general insurer New India Assurance on Thursday said it has received a Rs 124.98 crore demand notice from the Income Tax Department. The company received an order on March 19, 2025, from the National Faceless Assessment Centre, Income Tax Department, levying a penalty of Rs 1,24,98,58,050 for disallowance of payment made to auto dealers for the assessment year 2016-17, New India Assurance Company said in a regulatory filing. The amount would be shown as a contingent liability in the financial statements of the company, it said. Based on the merits of the matter, the company would pursue an appeal before the National Faceless Appeal Centre (NFAC) or other legal options against the order, it said.

Groups seek parity with what LIC employees earn, say salary revision due since 2022

In one month, the stock prices of ICICI Prudential, HDFC Life and SBI Life have fallen between 6 per cent and 10 per cent, as against the 2 per cent decline in BSE Sensex

Combine base policy with super top-up; buying a multi-year policy will also help