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It is a well known public sector general insurance company of India, headquartererd in Mumbai, Maharashtra.
It is a well known public sector general insurance company of India, headquartererd in Mumbai, Maharashtra.

What is the New India Assurance Company Limited?
The New India Assurance Company Limited is India’s largest non-life insurance company. It is a nationalised general insurance provider, with the government of India holding an 85.44% stake in the company in the name of the President of India. The New India Assurance Company Limited operates under the administration of the Ministry of Finance and is headquartered in India.
As per the FY 2023-24 annual report, the insurance provider has a 12.78% market share in the industry. The New India Assurance Company Limited has a network of over 1,755 offices in India with a global presence in over 25 countries.
Historical Brief of the New India Assurance Company Limited
It was established by Sir Dorabji Tata in 1919 to ensure the welfare of every Indian citizen through non-life insurance products. Formerly, it was a subsidiary of the General Insurance Company Limited; however, in 1973, the New India Assurance was nationalised by the government of India.
Products of The New India Assurance Company Limited
The New India Assurance Company Limited has a portfolio of more than 20 general insurance products. These insurance products include Motor, Health, Travel, Credit, and other non-life insurance policies. Besides its core insurance policies, the New India Assurance Company Limited also offers baggage, burglary, event cancellation, exhibition insurance and other miscellaneous products.
New India Assurance Company Limited - An Institutional Investor
Along with being a public sector non-life insurer, New India Assurance Company Limited is also an institutional investor in India. It invests capital in publicly listed companies on behalf of its policyholders to generate returns to repay the policy claims and fund its daily operations.
Top Stock Holdings in New India Assurance Company Ltd. Portfolio
The New India Assurance Company Limited has a portfolio of more than 30 stocks, resulting in a networth of over ₹11,600 crores. Some of its top stock holdings include Dhunseri Tea, Anup Engineering, Bosch and Binani Industries. To learn more about the portfolio of The New India Assurance Company Limited, keep reading below.
GIC Housing Finance Ltd.
The New India Assurance Housing Limited holds an 8.7% stake in the company with 46,56,913 equity shares. The stake of New India Assurance in the company has been constant at 8.7% since March 2023.
Lakshmi Engineering and Warehousing Ltd.
The insurer has a stake of 4.5% in Lakshmi Engineering and Warehousing at a valuation of ₹6.2 crores. The New India Assurance Company Limited holds approximately 29,761 shares in the organisation.
India Radiators Ltd.
The New India Assurance Company Limited owns 29,400 shares in India Radiators with a stake and valuation of 3.3% and ₹3.2 lakhs, respectively.
Lakshmi Machines Ltd.
Lakshmi Machines holds the 4th position in the top 5 stock holdings of New India Assurance Company Ltd. The insurance company has a 3.1% stake in Lakshmi Machines at a valuation of ₹536.3 crores.
Sanrose Mafatlal Investments & Finance Ltd.
New India Assurance Company has a holding quantity of 89,593 shares in the Sanroose Mafatlal Investments, which represents a 2.3% stake at a valuation of ₹63.7 lakhs.
Read More - Fundamentally Strong Stocks on NSE For 2025
New India Assurance Company Limited Networth
As of March 2025, the networth of New India Assurance’s portfolio is ₹11,630 crores accumulated through a portfolio of more than 30 stocks. The networth of the insurer provider is distributed across sectors like FMCG (88.6%), Finance (2.7%), Automobiles (2.6%), Capital Goods (1.7%) and other key economic sectors.
FAQs
Is New India Assurance owned by Tata?

The New India Assurance Company Limited was established by Sir Dorabji Tata in 1919. However, in 1973, it was nationalized, and now the government of India owns approximately 86% of the company under the name of the President of India.
Who is the CEO of New India Assurance?

Ms Girija Subramanian was appointed as chairman-cum managing director of the New Assurance Company Limited. She commenced working as CEO on 19th June 2024.
What is a general insurance?

General insurance is a type of insurance policy that safeguards the assets of policyholders from unforeseen damages. It is an agreement policy comprising insurance that covers valuable assets such as motor vehicles, ships and hulls, houses, and others. General insurance is also known as non-life insurance.
When was New India Assurance Ltd. established?

As of March 2024, the New India Assurance Company Limited has 1,755 offices in India, with its headquarters in Mumbai. It was originally established in 1919 by Dorabji Tata and was nationalised by the government of India in 1973.
What is the largest general insurance company in India?

The New India Assurance Company Limited is the largest public-sector general insurance company in India. As per the annual report FY 2023-24, the company registered a PBT of ₹1,445 crores and PAT of ₹1,1129 crores. It also clocked Gross Written Premium (global) of ₹41,996 crores.