New India Will Launch Rs1-crore Policy

New India Assurance (NIA) will introduce a new health insurance policy designed specifically for high net-worth individuals (HNIs). It will include several advanced features. The product is…

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Source: https://www.moneylife.in/article/health-insurance-new-india-will-launch-rs1crore-policy/49192.html

Rohtak District Commission Holds New India Assurance Co. Liable For Wrongful Repudiation Of Valid Damaged Car Claim

The District Consumer Disputes Redressal Commission, Rohtak (Haryana) bench comprising Sh. Nagender Singh Kadian (President), Dr. Tripti Pannu (Member) and Sh. Vijender Singh (Member) held New India Assurance Company liable for wrongful repudiation of a valid claim for a car involved in an accident. The Insurance Company failed to provide adequate evidence to prove that the repudiation was justified based on the Complainant’s irresponsive behaviour, a pre-settlement, and overvaluation…
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Source: https://www.livelaw.in/consumer-cases/rohtak-district-commission-new-indian-assurance-co-wrongful-repudiation-valid-accident-claim-255814

Chandigarh District Commission Holds New India Assurance Co. Liable

The District Consumer Disputes Redressal Commission-II, U.T. Chandigarh bench comprising Mr Amrinder Singh Sidhu (President) and Mr B.M. Sharma (Member) held New India Assurance Company liable for not honouring the complete claim for the insured stock which was burned down due to a fire accident. The District Commission held that the surveyor undervalued the claim amount without giving any justifiable reasons. Brief Facts: The Complainants were engaged in the sale and purchase of…
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Source: https://www.livelaw.in/amp/consumer-cases/chandigarh-district-commission-new-india-assurance-co-surveyor-undervalued-claim-255621

NIACL AO Mains Scorecard 2024 released at newindia.co.in, direct link to download

NEW DELHI: The New India Assurance Company Limited (NIACL) has released the NIACL AO Mains Scorecard 2024 today, April 16. Candidates who appeared for the recruitment examination of Administrative Officer Generalist & Specialist (Scale 1) Mains 2024 can check and download their scorecards from the official website at newindia.co.in.The NIACL AO Mains exam was conducted on October 8, 2023. Participants have been waiting for the release of scorecards since after the examination.Earlier, the…
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Source: https://timesofindia.indiatimes.com/education/news/niacl-ao-mains-scorecard-2024-released-at-newindia-co-in-direct-link-to-download/amp_articleshow/109346044.cms

General insurance premiums up over 14% in India

Data from the General Insurance Council of India showed that local general insurers’ collective gross written premium increased by over 14% year-on-year to 2.4 trillion Indian rupees ($29 billion) in the fiscal year ended March 31, Business Standard reported. New India Assurance Co. Ltd. reported a more than 7% year-on-year growth in premium to INR370.3 billion.

 


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Source: https://www.businessinsurance.com/article/20240410/STORY/912363763/General-insurance-premiums-up-over-14-in-India

NIACL Assistant Mains admit card 2024 released; download link here

The New India Assurance Company Limited (NIACL) has released the Assistant Phase II (Mains) admit card 2024. Eligible candidates can download their hall tickets from the official website newindia.co.in.The Main exam is scheduled to be conducted on April 13 for 2 hours. The Paper will consist of 200 questions.“There will be a penalty for wrong answers marked by you. For every wrong answer marked by you, 1/4th of the marks assigned to that question will be deducted as a penalty,” reads the…
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Source: https://amp.scroll.in/announcements/1066303/niacl-assistant-mains-admit-card-2024-released-download-link-here

New India Assurance: In FY24, New India Assurance achieved about $5 billion global premium: CMD

Neerja Kapur, Chairman-cum Managing Director, New India Assurance, reported a global written premium target of Rs 42,000 crore, with unaudited figures showing a total of Rs 41,860 crore for the financial year. The final figures depend on the trial balance and balance sheets. This translates to a $5 billion global premium. When asked about the premium breakdown, Kapur highlighted health as the top-performing segment, noting growth in health and motor segments. You recently closed your books…
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Source: https://m.economictimes.com/markets/expert-view/in-fy24-new-india-assurance-achieved-about-5-billion-global-premium-cmd/amp_articleshow/109036066.cms

J&K Bank adds New India Assurance as its Bancassurance partner

Srinagar, Apr 2: Fortifying its commitment further to provide comprehensive financial solutions to its customers, J&K Bank today entered into a Corporate Agency Agreement with the country’s premier general insurance provider New India Assurance Co. Ltd (NIACL)The Bank’s Executive Director Sudhir Gupta chaired the MoU signing ceremony held at the Bank’s Corporate Headquarters, wherein General Manager (Cross Selling) Narjay Gupta signed the papers on behalf of the Bank while…
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Source: https://m.greaterkashmir.com/article/jk-bank-adds-new-india-assurance-as-its-bancassurance-partner/290194/amp

J&K Bank adds New India Assurance as its Bancassurance partner

Aim is to provide one-stop insurance solutions to customers: ED Sudhir Gupta

JK News Today

Srinagar, Apr 02: Fortifying its commitment further to provide comprehensive financial solutions to its customers, J&K Bank today entered into a Corporate Agency Agreement with the country’s premier general insurance provider New India Assurance Co. Ltd (NIACL)

The Bank’s Executive Director Sudhir Gupta chaired the MoU…
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Source: https://jknewstoday.com/jk-bank-adds-new-india-assurance-as-its-bancassurance-partner/

LIC, GIC Re, New India continue to be D-SIIs for 2023-24: IRDAI

The Insurance Regulatory and Development Authority of India (IRDAI) has identified three Domestic Systemically Important Insurers (D-Slls) for the year 2023-24.“Life Insurance Corporation of India,  General Insurance Corporation of India and New India Assurance Co Ltd continue to be identified in the 2022-23 list of D-Slls,’‘ the insurance regulator said in a release on Wednesday. D-Slls refer to insurers of such size, market importance, and domestic and global interconnectedness,…
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Source: https://www.thehindubusinessline.com/money-and-banking/lic-gic-re-new-india-continue-to-be-d-siis-for-2023-24-irdai/article67999133.ece/amp/