New India Assurance Company Limited

NIACL

The New India Assurance Company Limited (NIACL) is a multinational general insurance company owned by the Government of India and administered by the Ministry of Finance. Founded in 1919 by Sir Dorabji Tata, NIACL is headquartered in Mumbai and operates in over 25 countries. It is India's largest non-life insurance company in terms of net worth, domestic gross direct premium, profit after tax, and number of branches. NIACL offers a wide range of insurance products including fire, marine, motor, health, liability, aviation, engineering, crop, and other miscellaneous insurance. The company has a vast network of offices across India and abroad, providing comprehensive insurance solutions to individuals and businesses.