New India Assurance Company Ltd
NSE: NIACL BSE: 540769
₹160.45
+3.98 (2.54%)
Fri, 13 Nov 2026, 10:04 am
Market Cap (in Cr)25832.4
PE Ratio0
Dividend0.96
Finance
Multi-Line Insurance
24.5KNew India Assurance Company Ltd Company History
1919
- The Company was incorporated at Mumbai.
1920
- The Company operated abroad through a network of branches, agencies, associates companies and a fully owned subsidiary.
- The New India Assurance Co. (Sierra Leone), Ltd., became a wholly owned subsidiary of the company.
1958
- 2,37,369 Bonus 'A' equity shares were issued in the proportion 1:3.
1963
- 1,89,895 Bonus 'A' equity shares were issued in the proportion 1:5.
1966
- Authorised capital was reclassified.
- 3,79,790 bonus 'A' equity shares were issued in the proportion 1:3.
1969
- 455,748 bonus equity shares were issued in the proportion 3:10.
1973
- The Company became a Government company and a subsidiary of the General Insurance Corporation of India.
1974
- Capital was increased under the New India Assurance Co. Ltd. (Merger) Scheme, 1973.
1976
- 77,01,268 Bonus equity shares were issued in proportion 1:1.
1977
- The GIC and its four subsidiaries and the LIC joined hands with local interest in Malaysia to form a new insurance company in Malaysia viz., 'The United Oriental Assurance Sendirian Behand'.
1979
- 65,97,564 bonus equity shares were issued in proportion 1:2.
1982
- 1,50,00,000 Bonus equity shares were issued in proportion 2:5.
1991
- 2,82,00,000 Bonus equity shares were issued in proportion 2.722:5.
2001
- K N Bhandari took charge as chairman-cum-managing director of New India Assurance Company.
- New India Assurance effected five promotions to the post of general managers and 11 promotions to the post of assistant general managers.
2004
- New India Assurance offered healthcare sops to Andhra Bank card holders.
- New India Assurance tied up with global major Atradius.
- State Bank of India, Bangalore Circle, announced a tie-up with New India Assurance Company Ltd for distribution of general insurance products in Karnataka.
- New India Assurance tied up with Central Bank of India for distribution of non-life insurance covers.
- Toyota Kirloskar Motor Company and New India Assurance announced a near cashless insurance service and point of sale insurance for all Toyota vehicles.
- New India and AMP Sanmar joined hands for cross-selling products.
- Corporation Bank and New India Assurance launched a mediclaim scheme with a cashless facility for the bank's ATM and debit cardholders, called 'Corp Mediclaim'.
2005
- New India Assurance launched a bank specific floater group mediclaim policy known as New Uniwest Mediclaim policy in partnership with United Western Bank.
2018
- The Company has issued Bonus Shares in the Ratio of 1:1.
