New India Assurance Company

New India Assurance ordered to pay ₹2,379 crore by tax authority

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

SBI Life, HDFC Life shares erase gains despite 5% GST buzz; Emkay decodes

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

These 2 large-, mid-, small-cap stocks can rally up to 22%, say charts

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

Strong Q1 results, guidance lift New India Assurance shares by 18%

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

New India Assurance shares jump 15% post Q1 earnings; details here

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

Motor TP premium hike crucial for survival: New India Assurance CMD

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

New India Assurance to launch parametric insurance for climate risks: CMD

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's Q4 FY25 net profit declines 2% to ₹347 crore

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

New India Assurance gets Rs 124.98 cr demand notice from Income Tax dept

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.

Employee unions of state-owned non-life insurers seek 22% salary hike

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

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

Health insurance premiums are rising: Here is how to stay covered

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

Govt appoints Girija Subramanian as CMD of New India Assurance Company

She is a fellow member of the Insurance Institute of India and also an associate member of the Chartered Insurance Institute, London

FSIB selects Girija Subramanian as CMD of New India Assurance Company

Bhupesh Sushil Rahul selected as CMD of United India Insurance Company

New India Assurance Q3FY24 results: Net profit falls 4.38% to Rs 715 crore

The company had posted a loss of nearly Rs 200 crore in the second quarter of FY24

PSU insurers' stocks surge on attractive valuation, RBI's risk weight norms

Low-float stocks are the companies with a relatively small number of shares available for public trading

New India Assurance profit doubles to Rs 260 crore in June quarter

Public sector general insurer New India Assurance on Friday reported doubling of net profit to Rs 260 crore for the June quarter. The non-life insurer had recorded a net profit of Rs 118 crore in the year-ago period. Its total income rose to Rs 9,274 crore in the first quarter of the current fiscal, as against Rs 8,143 crore, New India Assurance said in a regulatory filing. The company said the gross premium during the quarter rose to Rs 11,362 crore as against Rs 10,349 crore last year. The Mumbai-headquartered insurer, which has a presence in 28 countries, earned an income from investment of Rs 1,355 crore as against Rs 962 crore in the year-ago quarter. The gross NPA of the insurer came down to 0.85 per cent from 1.19 per cent in the first quarter of the previous fiscal. The company witnessed an improvement in solvency margin to 1.85 per cent as against 1.72 per cent in the June quarter last year.

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Non-life insurance premium grew 18.1% to Rs 18,031.48 crore in May

New India Assurance Co Ltd, the largest government-owned general insurance player reported a growth of 9.67% to Rs 2421 crore while private sector insurer ICICI Lombard grew by 21% to Rs 1730 cr

New India Assurance, GIC Re rally up to 12% on heavy volumes

In the past one month, shares of New India Assurance Company (up 30 per cent) and GIC Re (up 18 per cent) outperformed the S&P BSE Sensex, which was up less than 2 per cent during the period