New India Pays Rs. 170 Cr as Dividend for 2012-13

NEW DELHI, July 3, 2013 /PRNewswire/ --

New India Assurance Co Ltd presented a dividend cheque of Rs. 170 Crore to the Union Government in New Delhi recently.

CMD, New India Assurance Co Ltd, Shri G. Srinivasan presented the cheque to Hon'ble Shri P. Chidambaram, Union Finance Minister, in the presence of Shri Namo Narayan Meena, Union Minister of State for Finance and Shri Rajiv Takru Secretary, Department of Financial Services on 2nd July 2013.

Mr. A R Sekar & K. Sanath Kumar, Directors & General Managers and Mr. J K Garg, DGM, ROI, Delhi were present on the occasion.

New India Assurance, the market leader in non-life Insurance in India, did a global premium of Rs 12,500 Cr and recorded a PAT of Rs 844 Cr in 2012-13

About New India Assurance Co. Ltd.

The company expanded its operations, by deepening its presence in unrepresented & new potential business places through its micro offices. The insurer opened 383 new such offices to take the total number to 555. In the current fiscal year the company has plans to open 500 more such offices across the country. The large corporate & brokers cells were delinked from the regions and started directly reporting to corporate office, bringing in more efficiency and agility.

New India Assurance were showered with numerous awards and recognition during the year for its micro insurance schemes, IT implementation and other general performance. The Company was awarded SKOCH financial inclusion award for its micro insurance project, selected as the best health insurer by Outlook Money and received the Dalal Street Journal award for consistent performance in non-banking financial sector. The year 2012-13 saw the company coming out with flagship Micro Insurance product, Jan Suraksha Laghu Bima Policy and 16 more other products. As part of its CSR activity, two villages in Tamil Nadu, Nenmeni & Tachakudi, were adopted for providing infrastructure facilities.

Primary Media Contact : Dr.Uppal, rk.uppal@newindia.co.in, 91-9820732036

Secondary Media Contact : K Sanath Kumar, ksanathkumar@outlook.com, 91-9820336994