The New India Assurance Company Limited, Mumbai, a multinational General Insurer, was founded in 1919 and was then conceived as a worldwide company.
New India was a pioneer among the Indian companies on various fronts, right from insuring the first domestic airlines in 1946 to satellite insurance in 1980.
wide range of policies and the corporate belief
Today, New India is the Market Leader in Business Performance parameters and has been rated A (Excellent) four years in a row, by A.M. Best Company, an international rating agency. Its asset base has grown from US$37million in 1974 to US$3Billion in 2004.
New India’s foreign operations started with the establishment of an office in London in 1920 and it increased its reach and capacity for reinsurance facilities for all classes of business.
The Company presently operates in as many as 26 countries, spanning 5 continents, and services the Indian subcontinent with a network of 1,123 offices, comprising 26 regional offices, 383 Divisional offices and 714 Branches. With approximately 25,000 employees, New India has the largest number of specialists and technically qualified personnel at all levels of management, who are empowered to underwrite and settle claims of a high magnitude.
New India’s presence in the Caribbean region signifies the vision of
its Founder Chairman, Sir Dorab Tata in 1919
The New India Assurance Company (Trinidad & Tobago) Limited and its predecessor ------ Ruby General Insurance Company have been in operations in the Caribbean for Fifty Six (56) years. This local subsidiary has grown from strength to strength in the general insurance industry through a network of Branches and Agencies in the Caribbean, viz Trinidad, Dominica, St. Lucia and St. Marten. With its multinational expertise, New India has been playing a key role in the insurance industry of the Caribbean by offering a strong security backed by a high level of service. A Team of individuals with varied qualifications, technical training, and years of working experience in the general insurance industry also facilitates this.
Listed hereunder are the classes of General Insurance covers offered by the Company:
Fire and Special Perils, Business Interruption, Machinery Breakdown, Erection All Risks, Contractor’s All Risks, Employer’s Liability, Workmen Compensation, Fidelity Guarantee, Goods/Money in Transit, Plate Glass, Personal Accident, Public/product Liability, Travel Accident (Baggage).