The New India Assurance Company
188.74
-11.04(-5.53%)
Market Cap₹31,104.40 Cr
PE Ratio26.03
IndustryInsurance
Company Performance:
1D-5.53%
1M-1.15%
6M+5.48%
1Y-32.56%
5Y+69.12%
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More news about The New India Assurance Company
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:-32.56%