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New India Assurance

03 Feb 2018

New India Assurance net profit zooms to Rs 617 crore in Q3

For the quarter under review, the firm has earned a total income of Rs 5,900.68 crore up from Rs 4,729.18 crore earned during the corresponding quarter of the previous year.

New India Assurance

13 Nov 2017

New India Assurance shares fall over 9% in debut trade

In terms of equity volume, 4.30 lakh shares of the company were traded on BSE and over 25 lakh shares changed hands on NSE during the day.

17 Sep 2017

Govt may raise over Rs 15K crore from IPO of 2 PSU general insurers

In view of the current market condition, the government may easily get Rs 15,000 crore by diluting stake in these two companies, sources said, adding it could be upwards of Rs 15,000 crore.

New India Assurance

05 May 2017

New India Assurance hikes mediclaim rates by 25%

The company has done away with the rate differential based on region and introduced a uniform rate across the country.

17 Mar 2016

Irdai slaps Rs 15 lakh penalty on New India Assurance

Insurance regulator Irdai has slapped a penalty of Rs 15 lakh on public sector general insurer New India Assurance Co Limited for violating various insurance norms

11 Dec 2015

Chennai rains will cost this insurance company around Rs 500 crores

The city-based company has received 1,700 claims from Chennai, Cuddalore, Thiruvallur and Kancheepuram districts.

New India Assurance

27 Sep 2015

New India Assurance to expand biz to Asia, Africa, N America

New India Assurance (NIA), the largest non-life insurer in the country, has charted out its global expansion plans that include areas like Asia, North America and Africa.

PSU general insurers

09 Aug 2015

PSU general insurers on promotion spree, elevates 21 DGMs to GMs

In their bid to take on rising competition, public sector general insurers have unveiled a succession planning by promoting their young officials to the post of general managers.

16 Jul 2015

CCI imposes Rs 671 crore fine on four state-run insurers

Competition Commission has imposed a penalty of Rs 251.07 crore on New India Assurance, Rs 162.8 crore on National Insurance, Rs 156.62 crore on United India Insurance and Rs 100.56 crore on Oriental Insurance, respectively.

New India Assurance

21 May 2015

New India Assurance launches insurance products in Dubai

The New India Assurance Company Ltd has launched health insurance products catering to individuals and families in Dubai and Northern Emirates.

06 May 2015

Federal Bank ties up with New India for cheaper accident cover

South-based private sector lender Federal Bank on Wednesday entered into a pact with state-run general insurer New India Assurance (NIA) for providing cheaper accident cover to its savings bank account holders.

24 Apr 2015

New India to launch four new products in FY16

State-owned New India Assurance is planning to launch four products - two each in the motor and health segments - during the current fiscal.

New India Assurance

16 Apr 2015

New India eyes Rs 18K cr total premium in 2015-16

India's largest non-life insurer New India Assurance has set the bar high as it aims to cross the Rs 18,000-crore mark in global premium.

20 Mar 2015

BoI raises Rs 641 cr from share sale to LIC, New India Assurance

Public sector lender Bank of India (BOI) on Friday said it has raised over Rs 641.99 crore by issuing shares on preferential basis to LIC and New India Assurance.

Jan Dhan Yojana

06 Mar 2015

IBA, insurers to meet soon on new insurance, pension schemes

The umbrella lobby group of the lenders, Indian Banks Association (IBA), is likely to convene a meeting with insurers shortly to discuss the implementation of the various insurance and pension schemes announced in the Budget.

10 Feb 2015

BoI shares up over 4.5% on fund raising plan

Shares of Bank of India (BoI) today rose by over 4.5 per cent after the company said it will raise up to Rs 641.99 crore by selling shares to Life Insurance Corp and New India Assurance to fund its business growth and meet global risk norms.

28 Sep 2014

Air India renews insurance for $26.75 million at 15% premium

Despite hardening insurance market for airlines globally following some major tragedies this year, national carrier Air India has been able to renew its cover with just 15 percent rise in premium for its 132- aircraft fleet.

United India Insurance

28 Sep 2014

United India Insurance keen to re-enter overseas markets

Public sector general insurer United India Insurance has said it is looking to re-enter the overseas markets and will soon carry out a feasibility study to assess the business potential.

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