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The New India Assurance Co.
4.5
based on 198 Reviews
Video summary
Company Overview
Company Locations
Working at The New India Assurance Co.
Company Summary
One of the Largest public sector general insurance company of India. New India Assurance operates both in India and foreign countries. Buy or renew insurance online.
Overall Rating
4.5/5
based on 198 reviews
18% above
industry average
Highly rated for
Job security, Work-life balance, Company culture
Work Policy
Work from office
74% employees reported
Monday to Friday
80% employees reported
Flexible timing
54% employees reported
Within city
38% employees reported
View detailed work policy
Top Employees Benefits
Job/Soft skill training
18 employees reported
Health insurance
18 employees reported
International/On-site exposure
7 employees reported
Professional degree assistance
5 employees reported
View all benefits
About The New India Assurance Co.
Founded in1919 (106 yrs old)
India Employee Count10k-50k
Global Employee Count10k-50k
India HeadquartersMumbai, Maharashtra, India
Office Locations
--
Websitenewindia.co.in
Primary Industry
Other Industries
--
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View in video summary
NEW INDIA ASSURANCE CO. LTD, founded by Sir Dorabji Tata in 1919, a Multinational General Insurance Company, today operates in 28 countries and headquartered at Mumbai, India. Our global business crossed Rs. 26607 crores in March 2019.We have been market leaders in India in Non-Life business for more than 40 years. Our Indian business crossed Rs.23910 crores in March 2019. We are the only direct insurer in India rated A-(Excellent) by AM BEST Company since 2007. We have been rated AAA/Stable by CRISIL since 2014, indicating that the Company has the highest degree of Financial Strength to honour its Policyholder's obligations.We have been leading the market, apart from premium, in reserves & net worth for many years.
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The New India Assurance Co. Ratings
based on 198 reviews
Overall Rating
4.5/5
How AmbitionBox ratings work?
5
135
4
35
3
16
2
8
1
4
Category Ratings
4.5
Job security
4.5
Work-life balance
4.3
Company culture
4.3
Work satisfaction
4.2
Skill development
4.0
Salary
3.9
Promotions
The New India Assurance Co. is rated 4.5 out of 5 stars on AmbitionBox, based on 198 company reviews. This rating reflects a generally positive employee experience, indicating satisfaction with the company’s work culture, benefits, and career growth opportunities. AmbitionBox gathers authentic employee reviews and ratings, making it a trusted platform for job seekers and employees in India.
Read more
Gender Based Ratings at The New India Assurance Co.
based on 181 reviews
4.5
Rated by 41 Women
Rated 4.3 for Work-life balance and 4.3 for Company culture
4.5
Rated by 140 Men
Rated 4.6 for Job security and 4.5 for Work-life balance
Work Policy at The New India Assurance Co.
based on 19 reviews in last 6 months
Work from office
74%
Permanent work from home
21%
Hybrid
5%
The New India Assurance Co. Reviews
Top mentions in The New India Assurance Co. Reviews
+ 5 more
Compare The New India Assurance Co. with Similar Companies
Change Company | Change Company | Change Company | ||
|---|---|---|---|---|
Overall Rating | 4.5/5 based on 198 reviews | 4.1/5 based on 6.3k reviews | 4.1/5 based on 5.5k reviews | 4.0/5 based on 9.2k reviews |
Highly Rated for | Work-life balance Job security Company culture | Job security Skill development Salary | Skill development Job security Company culture | Skill development Work-life balance Job security |
Critically Rated for | No critically rated category | No critically rated category | No critically rated category | No critically rated category |
Primary Work Policy | Work from office 74% employees reported | Work from office 88% employees reported | Work from office 80% employees reported | Work from office 81% employees reported |
Rating by Women Employees | 4.5 Good rated by 41 women | 4.0 Good rated by 1.4k women | 4.1 Good rated by 1.2k women | 3.9 Good rated by 2k women |
Rating by Men Employees | 4.5 Good rated by 140 men | 4.1 Good rated by 4.6k men | 4.1 Good rated by 4k men | 4.0 Good rated by 6.9k men |
Job security | 4.5 Good | 4.1 Good | 4.0 Good | 3.8 Good |
View more
The New India Assurance Co. Salaries
The New India Assurance Co. salaries have received with an average score of 4.0 out of 5 by 198 employees.
Insurance Adviser
(38 salaries)
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₹1.3 L/yr - ₹5.5 L/yr
Administration Officer
(24 salaries)
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₹5.1 L/yr - ₹16.1 L/yr
Agent
(10 salaries)
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₹1.8 L/yr - ₹8 L/yr
Branch Manager
(10 salaries)
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₹10 L/yr - ₹18.5 L/yr
Deputy Manager
(9 salaries)
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₹17 L/yr - ₹26 L/yr
Insurance Agent
(9 salaries)
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₹2 L/yr - ₹3 L/yr
Office Assistant
(9 salaries)
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₹1 L/yr - ₹4.2 L/yr
Underwriter
(8 salaries)
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₹1 L/yr - ₹12.5 L/yr
Accounts Clerk
(8 salaries)
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₹15.3 L/yr - ₹26.9 L/yr
Agent Advisor
(6 salaries)
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₹2.4 L/yr - ₹6.5 L/yr
Compare The New India Assurance Co. with
Bajaj Allianz Life Insurance
3.9
ICICI Lombard General Insurance Company
3.7
SBI Life Insurance Company
3.8
HDFC Ergo General Insurance
3.9
Tata AIA Life Insurance
4.0
PNB MetLife
3.4
Kotak Mahindara Life Insurance
3.7
Aditya Birla Sun Life Insurance
4.0
Reliance Nippon Life Insurance
3.6
Bajaj Allianz General Insurance
3.9
Cholamandalam MS General Insurance
3.8
Gallagher
3.7
Star Health & Allied Insurance
3.6
Life Insurance Corporation of India
4.3
SBI General Insurance
3.7
MetLife
4.2
Aditya Birla Health Insurance Co
3.9
Shriram Life Insurance
3.6
Principal Global Services
3.9
Allianz Partners
3.7
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The New India Assurance Co. FAQs
When was The New India Assurance Co. founded?
The New India Assurance Co. was founded in 1919. The company has been operating for 106 years primarily in the Insurance sector.
Where is the The New India Assurance Co. headquarters located?
The New India Assurance Co. is headquartered in Mumbai, Maharashtra.
How many employees does The New India Assurance Co. have in India?
The New India Assurance Co. currently has more than 15,000+ employees in India. BFSI, Investments & Trading department appears to have the highest employee count in The New India Assurance Co. based on the number of reviews submitted on AmbitionBox.
Does The New India Assurance Co. have good work-life balance?
The New India Assurance Co. has a work-life balance rating of 4.5 out of 5 based on 100+ employee reviews on AmbitionBox. 86% employees rated The New India Assurance Co. 4 or above on work-life balance. This rating reflects the company's efforts to help employees maintain a healthy balance between their personal and professional lives. We encourage you to read The New India Assurance Co. work-life balance reviews for more details
Is The New India Assurance Co. good for career growth?
Career growth at The New India Assurance Co. is rated fairly well, with a promotions and appraisal rating of 3.9. 86% employees rated The New India Assurance Co. 4 or above, while 14% employees rated it 3 or below on promotions/appraisal. Though the sentiment is mixed for career growth, majority employees have rated it positively. We recommend reading The New India Assurance Co. promotions/appraisals reviews for more detailed insights.
What are the pros of working in The New India Assurance Co.?
Working at The New India Assurance Co. offers several advantages that make it an appealing place for employees. The company is highly rated for job security, work life balance and company culture, based on 100+ employee reviews on AmbitionBox.
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