The New India Assurance Co. Ltd., based in Mumbai, Maharashtra is a Government-owned general insurance company of India. "It is the largest government-owned general insurance company of India on the basis of gross premium collection inclusive of foreign operations".[5] It was founded by Sir Dorabji Tata in 1919 and was nationalized in 1973. Previously, it was a subsidiary of the General Insurance Corporation of India (GIC). But when GIC became a re-insurance company following the passage of the IRDA Act 1999, its four primary insurance subsidiaries New India Assurance, United India Insurance, Oriental Insurance, and National Insurance became autonomous.

Institute Details

Institute Type Training Institute
Established in 1973
Official Website https://www.newindia.co.in/
email tech.support@newindia.co.in
Study Material Yes
Test Series Yes

Courses Offered

Course Name Durations Course Type Fees(in Rs)
PMFBY 1 Year Online 545 Yearly

Highlights

  • Provides financial support to farmers suffering crop loss/damage arising out of unforeseen events
  • Stabilizes the income of farmers to ensure their continuance in farming
  • Encourages farmers to adopt innovative and modern agricultural practices
  • Ensures the flow of credit to the agriculture sector which will contribute to food security, crop diversification, and enhancing growth and competitiveness of the agriculture sector