BANKING AFFAIRS

Detailed explanation-1: -Founded by Sir Dorab Tata from the house of TATAs and incorporated on 23rd July 1919, New India Assurance was nationalised in 1973, with the merger of Indian companies.

Detailed explanation-2: -NEW INDIA ASSURANCE CO. LTD, founded by Sir Dorabji Tata in 1919, a Multinational General Insurance Company, today operates in 26 countries and headquartered at Mumbai, India. Our global business crossed Rs. 31573 crores in March 2021.

Detailed explanation-3: -The New India Assurance Co. Ltd., is an Indian public sector general insurance company based in Mumbai. It is the largest nationalised general insurance company of India on the basis of gross premium collection inclusive of foreign operations. It was founded by Sir Dorabji Tata in 1919, and was nationalised in 1973.

Detailed explanation-4: -Overview. New India Assurance Co Ltd, today, is a 100 % Govt owned multinational general insurance company operating in 28 countries and headquartered at Mumbai, India. Our global business crossed Rs. 22279 Cr in 2016-17. .

Detailed explanation-5: -New India Assurance Company became a subsidiary of the General Insurance Corporation of India after the Government of India (GoI) transferred its entire shareholding in general insurance companies to the General Insurance Corporation of India.