The New India Assurance is a government-owned general insurance company, based in Mumbai, that sells health, motor, home, travel and business cover across India and abroad.
The New India Assurance at a Glance: Quick Stats Table
| Detail | Information |
|---|---|
| Full name | The New India Assurance Company Limited (NIACL) |
| Founded | 1919, by Sir Dorabji Tata |
| Nationalised | 1973 |
| Type | General insurer (health, motor, fire, travel, marine and more) |
| Ownership | Government-controlled, listed on the stock market |
| Headquarters | New India Assurance Building, 87 M.G. Road, Fort, Mumbai 400001 |
| Stock codes | NSE: NIACL, BSE: 540769 |
| Reach | 29 states, 7 union territories and 26 other countries* |
| Helpline | 1800 209 1415 (toll-free, 24×7)* |
| Total premium, FY26 | About ₹47,174 crore (up about 8% from ₹43,618 crore) |
| Profit after tax, FY26 | About ₹1,384 crore (up about 40% from ₹988 crore) |
| Q1 FY27 (Apr–Jun 2026) | Net loss of about ₹257 crore; solvency ratio 1.80x |
| Share price (19 Oct 2026) | About ₹174 per share* |
The Story of The New India Assurance Company Ltd
Every old company has a “how it started” tale, and this one is a good one.
In 1919, Sir Dorabji Tata set up the company in Mumbai, then called Bombay. The idea was big for the time: build an Indian insurer that could compete with foreign firms. Within a few years, it had offices in many countries.
Then came 1973. India nationalised general insurance, and the company became part of the General Insurance Corporation family. Later, the government separated the companies so each could run on its own. In November 2017, The New India Assurance Company Ltd listed its shares on the stock exchanges, so ordinary people could own a small slice.
What Does The New India Assurance Cover? A Plain Look, Age by Age
Think of insurance like a raincoat. The right size depends on who is wearing it. The New India Assurance Health Insurance has plans for babies, young adults, parents and seniors. Here is the simple version.
What Most Health Plans Cover
- Hospital stay: room, nursing, doctor fees and operation theatre costs.
- Before and after hospital costs: tests and medicines before admission (usually about 30 days) and after discharge (usually about 60 days).
- Day-care treatments: procedures that need less than 24 hours in hospital.
- Ambulance: within limits.
- Health check-up: often free after every 3 claim-free years.
- Family cover: many plans let you cover yourself, spouse and children under one sum insured.
What Is Usually Not Covered
- Treatment for illnesses you hid on the form
- Waiting-period illnesses, until the wait is over
- Cosmetic treatment
- Injuries from some risky acts
- Items the hospital charges that insurers do not pay for
Which Plan Fits Which Age
| Age group | Plan that may suit you | Entry age (check latest) | Why it fits |
|---|---|---|---|
| Babies and children | Included as dependents in family plans | From about 3 months (older plans) or 91 days (Yuva Bharat) up to 25 years | Cheapest way to cover kids is under a parent’s family plan |
| Young adults (18–45) | Yuva Bharat Health Policy | 18 to 45 years for adults | Lower premium, simple cover, and some versions include sports-related treatment |
| Working adults and families (18–65) | New India Mediclaim Policy, Floater Mediclaim | 18 to 65 years | Everyday hospital cover for the whole family |
| Higher cover seekers (18–65) | Premier Mediclaim | 18 to 65 years | Large sum insured options (reported from ₹15 lakh up to ₹1 crore) |
| Parents with only daughters | Asha Kiran Policy | Listings differ; check official site | Designed for such families |
| Seniors (60–80) | Senior Citizen Mediclaim | 60 to 80 years | Built for older age, but with limits (see below) |
| Seniors, no upper limit | Sixty Plus Mediclaim | 60 years onward, no upper age limit as listed | Option for those who miss the 80-year cut-off |
| Anyone with an existing base plan | Top-up Mediclaim | Needs a base policy | Adds cover after a set amount is crossed |
Beyond Health: Other Covers by Need
| Cover | What it protects | Useful for |
|---|---|---|
| Motor insurance | Your vehicle, plus injury or damage to others | Every vehicle owner, since third-party cover is a legal must |
| Home insurance | Building and contents against fire, flood, storm and similar events | Home owners and renters |
| Travel insurance | Medical emergencies and trip troubles abroad | Students, tourists, workers abroad |
| Personal accident | Injury, disability or death due to accidents | Anyone who commutes or works outdoors |
| Business and shop covers | Stock, machines and liability | Small shops and companies |
The New India Assurance Is Government Or Private? The Clear Answer
This is one of the most asked questions, so let’s settle it.
The New India Assurance is government-controlled. The Government of India holds the majority of its shares (roughly 85%, to be verified on the latest shareholding page). A small part is owned by the public and large investors, because the company is listed on the stock market.
So is The New India Assurance Government Or Private? The honest answer: it is a government-owned company that behaves like a business. It must earn profit, follow insurance rules, and answer to shareholders.
Where Is The Headquarters Of New India Assurance?
Short answer: Mumbai, Maharashtra.
The registered and head office sits at the New India Assurance Building, 87 M.G. Road, Fort, Mumbai 400001. If you ever want to send a formal letter to the top office, that is the address on its stock exchange filings.
The New India Assurance Health Insurance: What You Get
If you came here for The New India Assurance Health Insurance, this is your section.
Health plans from this insurer are known for covering regular hospital stays, surgeries, room rent up to a limit, nursing, medicines used in hospital, and day-care procedures. Many plans also offer a yearly health check-up, and some give a bonus if you do not claim in a year.
What to watch for:
- Waiting periods. Some illnesses are covered only after a set number of months or years.
- Room rent limits. Pick a room above your limit and the bill may be cut across the board.
- Co-payment. In some plans, especially for older people, you pay a share of every claim.
- Exclusions. Every plan has a “not covered” list. Read it once, slowly.
Who Is The TPA Of New India Assurance?
TPA stands for “third-party administrator.” Think of it as the middleman who helps check and process health claims.
Who Is The TPA Of New India Assurance? There is no single TPA for every policy. The insurer works with several approved TPAs, and the one assigned to you depends on your policy and where you live. Your policy schedule or health card will name your TPA and show its helpline.
TPAs commonly seen in the Indian health insurance market include names such as Medi Assist, MDIndia, Paramount, Family Health Plan, Health India, Vidal Health and Heritage.
The New India Assurance Cashless Hospital List: How to Check It
“Cashless” means the insurer pays the hospital directly, and you pay only the items not covered. It is the least stressful way to get treated.
To check The New India Assurance Cashless Hospital List:
- Open the insurer’s official website and go to the health or claims area.
- Look for “Network Hospitals” or the TPA list for your policy.
- Select your state and city.
- Type the hospital name, or scroll through the list.
- Call the hospital’s insurance desk to confirm before admission.
The New India Assurance Policy Download: Easy Steps
Lost your policy copy? Happens to the best of us.
The New India Assurance Policy Download is usually available from the insurer’s website. A general walk-through looks like this:
- Open the official website.
- Find the “Policy Download” or “Quick Help” area.
- Select the policy type (health, motor, travel and so on).
- Enter the details asked for, such as policy number and date of birth or registered mobile number.
- Click submit and save the PDF.
The New India Assurance Policy Download By Policy Number
The easiest way for most people is The New India Assurance Policy Download By Policy Number.
- Keep your policy number ready (it is on SMS, email or old paperwork).
- Enter it on the download page along with any other detail the form asks for.
- If it fails, check for spaces, slashes or a wrong digit. Policy numbers are fussy.
- If it still fails, call 1800 209 1415 and ask for a copy by email.
The New India Assurance Renewal: Do Not Miss This Date
Insurance is like a gym membership, except skipping it can cost a lot more.
The New India Assurance Renewal is best done before the due date. Why? Because a gap can mean no cover, loss of waiting-period credit in health plans, and loss of no-claim bonus in motor plans.
Online renewal steps (general idea):
- Open the official website.
- Choose “Quick Renewal.”
- Enter your Customer ID and policy number, or the renewed quote number you received by SMS.
- Check the details and premium.
- Pay online.
- Save the confirmation email and policy copy.
Offline route: Call the toll-free number or walk into your nearest branch.
Grace period: Some health plans allow a short extra period (often 15 or 30 days) to pay, but claims during the gap are usually not payable.
How To Pay The New India Assurance Online
Paying should be easy. Here is How To Pay The New India Assurance Online without a fuss:
- Go to the official website.
- Open the “Quick Pay” or “Quick Renewal” option.
- Enter your Customer ID and policy or quote number.
- Confirm the amount.
- Choose a payment method: debit card, credit card or net banking. UPI may also be offered.
- Complete the bank’s OTP step.
- Download the receipt.
The New India Assurance Customer Care Number
The widely listed toll-free helpline is 1800 209 1415, shown as a 24×7 number in the insurer’s own health insurance tips document.
The New India Assurance Customer Care Number is useful for:
- Policy copy and renewal help
- Claim registration and claim status
- Network hospital queries
- Address, mobile or nominee changes
- Complaints
The New India Assurance Agent Portal: For Agents and Advisors
Insurance agents are the people who explain plans, help with forms and often become the family’s go-to contact.
The New India Assurance Agent Portal is the online area meant for the insurer’s agents. In general, it helps agents to:
- Log in with their agent code
- See their client list and policy renewals due
- Check commission details
- Get training material and updates
- Issue or service policies where allowed
Want to become an agent? You normally need to meet regulator requirements, such as a basic exam and licence. If you are a customer, do not share your details with anyone claiming to be “agent portal staff” over the phone. Always use official channels.
The New India Assurance Co Ltd Is Good or Bad? A Fair Look
The New India Assurance Co Ltd Is Good Or Bad? depends on your needs and expectations.
The Good Side
- Established insurer: Over 100 years of experience.
- Government backing: Majority-owned by the Government of India.
- Wide reach: Extensive network across India and overseas.
- Solvency: Reported a solvency ratio of about 1.80x in April–June 2026.
- FY26 performance: Premium and profit increased.
The Not-So-Good Side
- Quarterly loss: Reported a net loss of around ₹257 crore in April–June 2026.
- High claims: Its combined ratio was approximately 121%.
- Slower growth: Domestic premium growth lagged behind the industry.
- Motor claims: Rising third-party claims affected profitability.
The New India Assurance Share Price: What You Should Know
If you are curious about The New India Assurance Share Price, here is the plain version.
The shares trade on NSE under the code NIACL and on BSE under 540769. On 19 October 2026, a market data page showed a price near ₹174. Over the past year, the stock ranged from a low of about ₹117 up to a high that different data sites place between roughly ₹218 and ₹243.
| Share data (approximate, 2026) | Value |
|---|---|
| Recent price | About ₹174 |
| 52-week low | About ₹117 |
| 52-week high | About ₹218–₹243 (sources differ) |
| Face value | ₹5 |
| Market value | About ₹28,700 crore |
| Price-to-earnings | About 39 |
| Dividend yield | Under 1% |
How to Make a Claim: A Simple Walk-Through
Filing a claim with The New India Assurance involves a few simple steps:
Health claim, cashless
- Show your health card at the hospital’s insurance desk.
- The hospital sends a request to the TPA or insurer.
- Wait for approval.
- Get treated and pay only non-covered items.
Health claim, reimbursement
- Pay the hospital yourself.
- Collect every bill, report and discharge paper.
- Fill in the claim form.
- Send documents to the TPA or insurer within the time limit in your policy.
- Follow up using the helpline.
Motor claim
Tell the insurer quickly, take photos, file a police report if needed, and use a network garage for cashless repair.
Conclusion: What to Remember About The New India Assurance
The New India Assurance is a government-controlled general insurer headquartered in Mumbai and established in 1919. Before choosing a policy, compare health insurance benefits, waiting periods, co-payments, and room rent limits. Use your policy number to download documents, check your TPA details, and renew your policy before the due date. Save the verified customer care number for assistance, and research financial risks before tracking The New India Assurance share price.
Read more:
Frequently Asked Questions
1. Is The New India Assurance government or private?
It is a government-controlled general insurance company.
2. Where is the headquarters of New India Assurance?
Its headquarters is in Mumbai, Maharashtra.
3. Who is the TPA of New India Assurance?
Check your health card or policy documents for your TPA’s name.
4. What is The New India Assurance customer care number?
The commonly listed number is 1800 209 1415. Verify it on the official website.
5. How can I download my policy by policy number?
Visit the official website, enter your policy details, and download the PDF.
6. How do I renew my policy online?
Use the Quick Renewal option on the official website and complete the payment.
7. Where can I find the cashless hospital list?
Check the official website or contact your TPA.
8. Is The New India Assurance good for health insurance?
Compare coverage, premiums, waiting periods, and hospital networks before choosing.
