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Vehicle Insurance New India
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New India Assurance Bahrain
New India Assurance Co. Ltd. (NIACL) is an Indian public sector insurance company owned by the Government of India and regulated by the Ministry of Finance. Headquartered in Mumbai,
Is India’s largest nationalized premium insurance company, including overseas operations.
Earlier it was a subsidiary of General Insurance Corporation of India (GIC). But when GIC became an insurance company after the IRDA Act of 1999, the four main insurance companies were New India Assurance, United India Insurance, Orital Insurance and National Insurance became independent.
NIA is the only direct insurance company in India to receive an A- (Excellent – Positive Outlook) rating from AM Best. CRISIL has confirmed the AAA / STABLE rating, indicating a high degree of financial strength of the company.
