“The A rating  by A M Best an international agency is a reiteration of the financial strength of New India Assurance and its dominance in the Indian Market. No other indian direct insurer has this rating and we are proud of this, We are expecting a rating upgrade during 2018.” said G Srinivasan, CMD, New India Assurance

“We are expecting Rs 1,000 crore of net profit by the fiscal-end.We are planning to go for IPO somewhere during September – December  period , We also want to bring down its  underwriting loss to Rs 1000-1500 crore by fiscal-end,’’’ said Sarma.

“Post demonetisation, there has been a net inflow of Rs 19 lakh crore of financial savings into bank deposits, mutual funds and life insurance put together. “If we look at the 18 month period from April 2016 onwards, the net inflow into financial savings in the country has been about Rs 28 lakh crore which is equivalent to the GDP of an entire country like Thailand,” she said.