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New India Assurance Company Ltd News

New India, GIC, other insurance cos fall up to 6% as GST decision deferred

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

New India, GIC, other insurance cos fall up to 6% as GST decision deferred
Updated On : 23 Dec 2024 | 10:22 AM IST

NIACL's stock rises 6% after receiving cumulative tax return of Rs 1,945 cr

NIACL's share price today surged after the company said that it has received a cumulative tax return of Rs 1,945 crore

NIACL's stock rises 6% after receiving cumulative tax return of Rs 1,945 cr
Updated On : 26 Nov 2024 | 10:39 AM IST

New India Assurance Q2 results: PAT at Rs 71 cr, total income up 2.5%

New India Assurance on Wednesday reported a net profit of Rs 71 crore for the second quarter ended September 2024. The state-owned general insurer had booked a net loss of Rs 200 crore in the year-ago period. The total income of the Mumbai-based entity rose to Rs 10,090 crore from Rs 9,839 crore in the year-ago period, New India Assurance said in a regulatory filing. The company's written gross premium also rose to Rs 9,620 crore in the second quarter of this fiscal compared to Rs 9,397 crore a year ago. Its net premium collection increased to Rs 8,067 crore against Rs 7,894 crore in the same quarter a year ago, it said. However, the total expenditure of the company during the period under review declined to Rs 10,577 crore from Rs 10,628 crore in the year-ago period.

New India Assurance Q2 results: PAT at Rs 71 cr, total income up 2.5%
Updated On : 30 Oct 2024 | 10:27 PM IST

GST indecision pressure insurance stocks; HDFC Life, SBI Life shed up to 4%

The GST Council has announced the formation of a new Group of Ministers to review the issue of GST rate reduction on health insurance.

GST indecision pressure insurance stocks; HDFC Life, SBI Life shed up to 4%
Updated On : 10 Sep 2024 | 4:13 PM IST