New India Assurance vs GIC Re vs LIC: Which Stock Should You Track

New India Assurance vs General Insurance Corporation of India vs Life Insurance Corporation of India starts with the core numbers most investors compare within the PSU Insurance segment: market capitalisation, valuation multiples, profitability and dividend yield. Figures below are sourced as of September 2026 and will shift with daily price moves.

All three names sit in the PSU Insurance bucket, which makes them a natural set to place side by side rather than a random trio of unrelated businesses.

Click Here – Get Free Investment Predictions

New India Assurance, General Insurance Corporation of India and Life Insurance Corporation of India: Company Overview

New India Assurance is a listed Indian company in the PSU Insurance space, tracked here on book value, return ratios and valuation alongside its peers in this comparison.

General Insurance Corporation of India is a listed Indian company in the PSU Insurance space, tracked here on book value, return ratios and valuation alongside its peers in this comparison.

Life Insurance Corporation of India is a listed Indian company in the PSU Insurance space, tracked here on book value, return ratios and valuation alongside its peers in this comparison.

New India Assurance vs General Insurance Corporation of India vs Life Insurance Corporation of India: Valuation and Profitability Snapshot

Metric	New India Assurance	General Insurance Corporation of India	Life Insurance Corporation of India
Market Cap (approx.)	Rs 29,763 crore	Rs 59,509 crore	Rs 5,13,590 crore
PE Ratio (TTM)	38.34	6.70	8.55
PB Ratio	1.21	0.80	2.89
Return on Equity (ROE)	4.08%	11.97%	32.53%
EPS (TTM, Rs)	4.71	50.59	47.47
Dividend Yield	0.83%	3.91%	1.23%
Debt to Equity	0.00	0.00	0.00
Book Value per Share (Rs)	149.43	422.47	140.36

Check the Univest Screener for Live Data

On valuation, New India Assurance trades at a PE of 38.34 and a PB of 1.21, General Insurance Corporation of India at a PE of 6.70 and a PB of 0.80, while Life Insurance Corporation of India trades at a PE of 8.55 and a PB of 2.89. On return on equity, the three post 4.08%, 11.97% and 32.53% respectively, and on dividend yield they stand at 0.83%, 3.91% and 1.23%.

New India Assurance vs General Insurance Corporation of India vs Life Insurance Corporation of India: Latest Quarterly Results

Company	Latest Quarter Revenue	Latest Quarter Net Profit	YoY Change (Revenue)	QoQ Change (Revenue)
New India Assurance	Rs 11,926.22 crore	Rs -243.94 crore	+0.0%	-8.1%
General Insurance Corporation of India	Rs 14,572.17 crore	Rs 1,620.94 crore	-0.7%	+6.7%
Life Insurance Corporation of India	Rs 241,166.45 crore	Rs 13,584.25 crore	+7.0%	-13.8%

Quarterly figures above are the most recent reported quarter for each company (Q1 FY28, quarter ended June 2026), compared with the year-ago and preceding quarter.

Download the Univest iOS App or Univest Android App to track New India Assurance, General Insurance Corporation of India and Life Insurance Corporation of India live prices.

What Should Investors Look at Beyond These Numbers?

Beyond the metrics above, investors comparing these three psu insurance names should track quarter-on-quarter revenue and margin trends, management commentary on demand and cost drivers, and any sector-specific regulatory developments, since a single-quarter snapshot can shift quickly.

Conclusion

New India Assurance vs General Insurance Corporation of India vs Life Insurance Corporation of India highlights how differently three companies in the same psu insurance segment can score across valuation, profitability and dividend metrics, even when operating in a similar space. This comparison does not declare a winner; investors should weigh these figures against their own research and risk appetite. Please read the disclaimer below before making any investment decision.

FAQs on New India Assurance vs General Insurance Corporation of India vs Life Insurance Corporation of India

What is the market cap difference between New India Assurance, General Insurance Corporation of India and Life Insurance Corporation of India?

Ans. As of September 2026, New India Assurance has a market cap of approximately Rs 29,763 crore, General Insurance Corporation of India is at approximately Rs 59,509 crore, and Life Insurance Corporation of India is at approximately Rs 5,13,590 crore.

Which of the three has the highest PE ratio?

Ans. Among New India Assurance, General Insurance Corporation of India and Life Insurance Corporation of India, the PE ratios stand at 38.34, 6.70 and 8.55 respectively as of September 2026.

Which of the three has the highest ROE?

Ans. New India Assurance, General Insurance Corporation of India and Life Insurance Corporation of India post ROE of 4.08%, 11.97% and 32.53% respectively as of September 2026.

Which of these three stocks pays the highest dividend yield?

Ans. New India Assurance, General Insurance Corporation of India and Life Insurance Corporation of India carry dividend yields of 0.83%, 3.91% and 1.23% respectively.

What is the debt to equity ratio for New India Assurance, General Insurance Corporation of India and Life Insurance Corporation of India?

Ans. New India Assurance carries a debt to equity of 0.00, General Insurance Corporation of India of 0.00, and Life Insurance Corporation of India of 0.00.

Which of the three trades at the highest price to book value?

Ans. New India Assurance, General Insurance Corporation of India and Life Insurance Corporation of India trade at price to book ratios of 1.21, 0.80 and 2.89 respectively.

Is one of New India Assurance, General Insurance Corporation of India or Life Insurance Corporation of India better than the others?

Ans. This comparison does not declare one stock better than another; each company scores differently across valuation, profitability and dividend metrics, and the right fit depends on an individual investor's own criteria and research.