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New India doubles its net profit to Rs 354 cr in Q4FY24

New India doubles its net profit to Rs 354 cr in Q4FY24

by AIP Online Bureau | May 22, 2024 | Health, Indian News, Non-Life, Reinsurance

Titus Francis, executive director, NIA “NIA has delivered excellent results in FY24, despite adverse impact of several catastrophic claims during the year. It has recorded a 128 per cent growth in its net profit in Q4. On individual lines, Motor third party loss...

LIC, GIC Re and New India continue to be Domestic Systemically Important Insurers(D-Slls) in 2023-24:IRDAI

by AIP Online Bureau | Mar 27, 2024 | Indian News, Life, Non-Life, Reinsurance

D-Slls refer to insurers of such size, market importance, and domestic and global inter connectedness, whose distress or failure would cause a significant dislocation in the domestic financial system Hyderabad: Insurance regulator IRDAI, on Wednesday, said Life...
Girija S selected as CMD of New India, BS Rahul for UII

Girija S selected as CMD of New India, BS Rahul for UII

by AIP Online Bureau | Mar 21, 2024 | Indian News, Non-Life, Policy

Girija Subramanian, CMD,Agriculture Insurance Company This is also for the first time that a serving CMD of a PSU entity again participated in the selection exercise meant to choose a CMD of another PSU insurer New Delhi: The Financial Services Institutions...

FSIB to select CMDs of New India and United India on Mar 20-21, AIC’s Girija S top contender for NIA

by AIP Online Bureau | Mar 15, 2024 | Indian News, Non-Life, Policy

This is also for the first time that a serving CMD of a PSU entity is again appearing for the interview to be selected as a CMD of another PSU insurer. Earlier, there were instances, where CMD of one PSU general insurer had been shifted another PSU general insurer...
New India launches Drone insurance, to cover physical damage to the aircraft and its theft

New India launches Drone insurance, to cover physical damage to the aircraft and its theft

by AIP Online Bureau | Dec 22, 2022 | Indian News, Non-Life, Reinsurance, Technology

Neerja Kapur, CMD,NIA said, “India’s drone manufacturing industry clocked annual sales of Rs 60 crores in FY 2021 and is expected to grow to Rs 900 crores by FY 2024. Thanks to the impetus given by the Government of India through the liberalised Drone Rules, 2021,...
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