Founded by Sir Dorab Tata from the house of TATAs and incorporated on 23rd July 1919, New India Assurance was nationalised in 1973, with the merger of Indian companies.
In Dubai, The New India Assurance started its operations in 1961 under the prestigious banner of Rais Hassan Saadi Group
This group was the first national firm of Ship Agent in UAE.
Their 85 year old track record speaks for the consistent professional approach to all business dealings.
Presently Rais Hassan Saadi is involved in Shipping, Warehousing, Forwarding, Towage and Lighterage, Travel, General Trading and Real Estate apart from this Insurance Agency
New India's overseas operations have a long tradition, dating back to the inception of the Company itself. In 1920, within one year of the incorporation of the Company, New India opened an office in London in the United Kingdom. Today it operates in 28 countries through direct branches, agency operations, subsidiary companies, Representative office and Associates. In addition, New India has also equity participation in Insurance companies in Singapore, Kenya, Saudi Arabia. Our London Branch has been in operations for the past 98 years and has a desk at Lloyds. Our operations in many countries like Japan, Mauritius etc are more than 60 years old. New India has a subsidiary company in Trinidad & Tobago at Port of Spain with branches in St. Lucia, Dominica, St.Maarten, Guyana and Anguilla and another in Nigeria viz. Prestige Assurance Plc, based out of Lagos. New India has a Representative Office in Yangon in Myanmar. New India has equity participation in WAFA Insurance (SICCI) in Saudi Arabia, India International Insurance Pte. Ltd in Singapore and Kenindia Assurance Co Ltd, Nairobi, Kenya.
Overseas operations commenced in the year 1920. New India Assurance is operating in 28 Countries as on 2016-17 comprising of 19 Branch Offices in 9 Countries, 7 Agency Offices in 7 countries, 3 Subsidiary Companies in 8 Countries, 1 Representative Office in 1 country and Associate in 3 countries. The Overseas Gross premium (foreign) for year 2016-17 is USD.430 million.
Largest number of Offices - In India and Abroad Trained and technically qualified staff 2221 fully computerised offices across India.
Present Position: Global Gross Premium for FY 2019-2020 was USD.4.25 billion and for the half year ended of FY 2020-2021 is USD.2.19 billion. Profit before Tax and after tax as on 30th September 2020 is USD.141 million and USD.114 million, respectively. As on 30th September 2020, Net worth of the company including fair value stands at USD.4.15 billion, Investments at Market value is USD.9.54 billion and Asset base at USD.1.11 billion.
Overseas operations commenced in the year 1920. New India Assurance is operating in 28 Countries as on 2016-17 comprising of 19 Branch Offices in 9 Countries, 7 Agency Offices in 7 countries, 3 Subsidiary Companies in 8 Countries, 1 Representative Office in 1 country and Associate in 3 countries. The Overseas Gross premium (foreign) for year 2016-17 is USD.430 million
Chairman cum Managing Director
Chief Operating Officer,Dubai Operations
Deputy Manager,Dubai Operations
General Manager, Agency