Sign in

NIACL on National Stock Exchange of India

New India Assurance

Logo: New India Assurance, Public domain, via Wikimedia Commons4

Indian public sector insurance company

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, it is the largest nationalised general insurance company of India based on gross premium collection inclusive of foreign operations. It was founded by Sir Dorabji Tata in 1919, and was nationalized in 1973.2 Wikipedia text CC BY-SA 4.0

Price unavailable

Last updated Oct 21, 2026.

Overview

1919Founded1

Compare with another stock.

  • TickerNIACL on National Stock Exchange of India1
  • Industryinsurance1
  • HeadquartersMumbai1
  • Websitewww.newindia.co.in
  • Legal formInsurance Company3
  • LEI549300Y7BOB3N24JL4323
  • StatusActive3
  • LEI statusIssued and current3
  • Registered addressNEW INDIA ASSURANCE, 400001 Mumbai, India3
  • Registered withMinistry of Corporate Affairs, L66000MH1919GOI0005263

See how the biggest companies compare on our leaderboards

New India Assurance Building, Mumbai
Photo: Narendrabora, CC BY-SA 3.0, via Wikimedia Commons6

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, it is the largest nationalised general insurance company of India based on gross premium collection inclusive of foreign operations. It was founded by Sir Dorabji Tata in 1919, and was nationalized in 1973.2

The story

The New India Assurance Company Limited was established on July 23, 1919, by Sir Dorabji Tata in Mumbai. Following the passage of the General Insurance Business (Nationalisation) Act in 1972, the company was officially nationalized by the Government of India in 1973.The company initiated its global expansion by opening an international branch office in London, United Kingdom.

The enterprise served as a co-promoter in founding public entities including the Agriculture Insurance Company of India and GIC Housing Finance.

The Insurance Regulatory and Development Authority of India (IRDAI) designated New India Assurance as a Domestic Systemically Important Insurer.

From Wikipedia’s article on New India Assurance, shared under CC BY-SA 4.0.5

Timeline

  1. 1919Founded Founded1

Sources

The numbers on this page point here. Each one links to the record it came from.

  1. 1
  2. 2
  3. 3
  4. 4
  5. 5
  6. 6