NIACL

New India Assurance Company Ltd, established in 1919 by Sir Dorabji Tata and nationalised in 1973, is a major non-life insurance provider in India. Following nationalisation, it became one of four subsidiaries of the General Insurance Company of India (GIC) and gained autonomy after GIC transitioned to a re-insurance company in 1999. The company, promoted by the Government of India which holds approximately 86% of its stake, operates a domestic network of 1,668 offices and serves India along with 24 other countries globally. It offers a range of insurance products including fire, marine, motor, health, and crop insurance, principally within the insurance and general insurance industries. As of the third quarter of fiscal year 2026, New India Assurance held an estimated 13.40% share of the domestic market.