The New India Assurance Co. Ltd., based in Mumbai, Maharashtra is a Government-owned general insurance company of India. "It is the largest government-owned general insurance company of India on the basis of gross premium collection inclusive of foreign operations".[5] It was founded by Sir Dorabji Tata in 1919 and was nationalized in 1973. Previously, it was a subsidiary of the General Insurance Corporation of India (GIC). But when GIC became a re-insurance company following the passage of the IRDA Act 1999, its four primary insurance subsidiaries New India Assurance, United India Insurance, Oriental Insurance, and National Insurance became autonomous.
Institute Details
| Institute Type | Training Institute |
| Established in | 1973 |
| Official Website | https://www.newindia.co.in/ |
| tech.support@newindia.co.in | |
| Study Material | Yes |
| Test Series | Yes |
Courses Offered
| Course Name | Durations | Course Type | Fees(in Rs) |
| PMFBY | 1 Year | Online | 545 Yearly |
Highlights
- Provides financial support to farmers suffering crop loss/damage arising out of unforeseen events
- Stabilizes the income of farmers to ensure their continuance in farming
- Encourages farmers to adopt innovative and modern agricultural practices
- Ensures the flow of credit to the agriculture sector which will contribute to food security, crop diversification, and enhancing growth and competitiveness of the agriculture sector
