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About:
New India Assurance Company Limited is a leading public sector general insurance company in India, owned by the Government of India. Founded by Sir Dorabji Tata in 1919, it was nationalized in 1973. It is a dominant force in the Indian non-life insurance market, known for its extensive network with 1600+ offices across the country. The company has a significant global presence, operating in over 25 countries.
New India Assurance boasts a remarkably diverse product portfolio, extending far beyond conventional offerings. The company provides complex and specialized coverage for large-scale operations, including aviation, marine insurance, or property insurance for large risks. At the other end of the spectrum, it caters to the rural and underserved markets with a range of micro-insurance products, demonstrating a commitment to serving a wide array of customers and their unique needs.
In the fiscal year 2024-25, New India Assurance maintained its position as the largest general insurer in India, with an all-time high gross written premium (GWP) of over ₹43,618 crore and a market share of 12.57%. The company maintains a strong solvency ratio of 1.91x, well above the regulatory requirement, reflecting its financial stability. The company continued its strong performance in Q1 FY26, with a gross written premium (GWP) of ₹13,334 crore, marking a 13.11% year-on-year growth. At the end of Q1 FY26, the company’s market share increased to 15.51% from 14.65% in the same period last year.
The company has consistently received high ratings from major credit agencies, highlighting its financial strength. It holds a ‘CRISIL AAA/Stable’ rating, the highest possible credit rating, indicating a strong capacity to meet its financial obligations. It also has a ‘B++ (Good)’ Financial Strength Rating from AM Best.
The Insurance Regulatory and Development Authority of India (IRDAI) has consistently identified New India Assurance as a Domestic Systemically Important Insurer (D-SII). This designation is reserved for insurers whose size, market importance, and domestic and global interconnectedness are so significant that their distress or failure could cause a major disruption to the domestic financial system.
Role:
Administrative Officer-Legal Specialists
Qualification:
Graduate/Post-graduate in Law with min 60% (55% for SC/ST/PwBD)
How to Apply:
Interested candidates can Apply here.Last date of registration- 30/08/2025
We have taken all measures to ensure that this opportunity, available in the corporate domain, is uploaded/provided/given on our social media platforms, including our website, and is credible, verified and sourced from authenticated/trustable sources.
