The New India Assurance Company
192.50
-0.03(-0.02%)
Market Cap₹31,724.00 Cr
PE Ratio26.47
IndustryInsurance
Company Performance:
1D-0.02%
1M+4.18%
6M+33.15%
1Y-21.32%
5Y+72.34%
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More news about The New India Assurance Company
07Jul 25
New India Assurance Outpaces Industry with 15% Premium Growth in Q1
The New India Assurance Company reported a 15% increase in premium for Q1, surpassing the industry average of 9% by 6 percentage points. In June, the company's premiums grew by 11%, again outperforming the industry's 5% growth by 6 percentage points. This consistent outperformance indicates the company's strong market position and effective business strategy in the competitive insurance landscape.
26Jun 25
New India Assurance Hit with ₹2,298.06 Crore GST Show Cause Notice
The New India Assurance Company has received a GST show cause notice for ₹2,298.06 crore from the Additional Commissioner of Mumbai-South. The notice covers the period from April 2018 to March 2023 and concerns unpaid taxes and failure to furnish required information. The company believes it has a strong case and plans to file a detailed reply to address the concerns raised by tax authorities.
26Jun 25
Government Mulls Accelerating Stake Sale in New India Assurance
The Indian government is reportedly considering accelerating the sale of its stake in The New India Assurance Company, a significant player in India's general insurance market. While specific details about the size of the stake and timeline remain undisclosed, this move could potentially reshape the landscape of India's insurance sector. The potential stake sale might lead to increased private participation, bringing in fresh capital and new management perspectives. The market is keenly awaiting more details about the size of the stake, method of divestment, timeline, and any associated conditions.
18Jun 25
ICICI Lombard Shares in Focus as Road Ministry Mulls Motor Insurance Premium Hike
The Road Ministry is reviewing motor third party insurance premiums following a likely request from IRDAI for an increase. This could significantly impact insurance companies like The New India Assurance Company, potentially boosting their premium income. The review aims to balance adequate third-party risk coverage with affordable insurance rates. The decision could affect the profitability of insurance providers and influence demand in the motor insurance market.
20May 25
New India Assurance Sets Ambitious Growth Target for FY26, Improves Underwriting Quality
New India Assurance aims for double-digit premium growth in FY26, following a 3.86% increase in gross written premium for FY25. The company improved its combined ratio to 117.00% in FY25 from 120.00% in FY24. Strategic focus is on enhancing underwriting quality and further reducing the combined ratio. Chairman Girija Subramanian dismissed merger rumors, emphasizing independent growth. The insurer maintains a 12.60% market share in the general insurance sector.
19May 25
The New India Assurance Reports Q4 Revenue Growth, Recommends Dividend
The New India Assurance Co. released its Q4 results, showing a 3.94% year-over-year revenue increase to ₹93.10 billion. However, standalone net profit slightly decreased by 1.98% to ₹3.47 billion. The company recommended a final dividend of ₹1.80 per equity share.
06Mar 25
New India Assurance Invests ₹4.99 Crore in Bima Sugam India Federation
New India Assurance Company Limited (NIACL) has invested ₹4.99 crore in Bima Sugam India Federation, acquiring 49,90,000 equity shares at ₹10 each. The investment, completed on March 6, 2025, was made in two tranches: ₹1,00,000 in November 2024 and ₹4,99,00,000 in March 2025. Bima Sugam is a digital platform regulated by IRDAI, aimed at revolutionizing insurance product access, policy purchases, and claims settlement. This strategic move aligns with the industry's digitalization trend and positions NIACL at the forefront of technological advancements in insurance.
04Mar 25
IRDAI Pushes for Cost Efficiency and Policyholder Benefits in Insurance Sector
IRDAI has observed that general and health insurance companies are not meeting Expense of Management (EoM) limits. The regulator has directed insurers to transfer commission savings to policyholders, potentially leading to more affordable premiums. These actions aim to improve cost efficiency, enhance transparency, and benefit consumers in the insurance market.
1 Year Returns:-21.32%