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The New India Assurance Co. Ltd. (NIACL) is an Indian public sector insurance company owned by the Government of India and administered by the Ministry of Finance. Headquartered in Mumbai , [ 5 ] it is the largest nationalised general insurance company of India based on gross premium collection inclusive of foreign operations. [ 6 ]
New Delhi: 2008 19 National Insurance Company: Govt. Kolkata: 1906 20 New India Assurance: Govt. Mumbai: 1919 21 Raheja QBE General Insurance Private Mumbai: 2007 22 Reliance General Insurance: Private Mumbai: 2000 23 Care Health Insurance Ltd Private Gurugram: 2012 24 Royal Sundaram General Insurance: Private Chennai: 2000 25 SBI General ...
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New India Assurance; O. The Oriental Insurance Company; U. United India Insurance Company This page was last edited on 11 November 2020, at 21:22 (UTC). Text is ...
The business of general insurance was nationalised through The General Insurance (Emergency) Provisions Ordinance promulgated on 13 May 1971 and thereby the business being carried on by 107 entities was consolidated and restructured into four companies namely The New India Assurance Company Limited, Bombay, United India Fire & General Insurance Company Limited, Madras, Oriental Fire & General ...
National Insurance Company Limited was incorporated on 5 December 1906 with its registered office in Kolkata.Consequent to passing of the General Insurance Business Nationalisation Act in 1972, 21 Foreign and 11 Indian Companies were merged with it and National became a subsidiary of General Insurance Corporation of India (GIC) which is fully owned by the Government of India.
New Delhi: Enterprises Under Construction 44 Cochin Shipyard: 1972 Ministry of Shipping: Kochi, Kerala: Manufacturing Transportation Equipment Miniratna Category - I 45 Container Corporation of India Limited: 1988 Ministry of Railways: New Delhi: Services Transport Services Navratna Category - I 46 Cotton Corporation of India: 1970 Ministry of ...
AIC was incorporated on 20 December 2002 with an authorized capital of Rs. 1500 crore. The initial paid-up capital was Rs. 200 crores, which was subscribed by the promoting companies, General Insurance Corporation of India GIC (35%), NABARD (30%) and the four public-sector general insurance companies (8.75%) each, viz., National Insurance Co. Ltd., Oriental Insurance Co. Ltd.,