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Bank of India partners with New India Assurance to offer a wide range of general insurance products to its customers, including health, motor, and home insurance.

New India Assurance received a Rs 124.98 crore demand notice from the Income Tax Department for disallowing payments made to auto dealers. The company plans to appeal the order.

India's public sector general insurance companies (PSGICs) achieved a financial turnaround in Q3 of 2024-25, posting a combined profit of Rs 1,066 crore, driven by reforms and improved performance.

NBCC has secured a Rs 263 crore contract from the Income Tax Department for the construction of 'Pratyaksha Kar Bhawan' in Kanpur. The project also includes a residential complex and training unit.

India's finance ministry has instructed state-owned general insurance companies to prioritize profitable business segments and improve profitability, aiming to reduce reliance on government capital...

India's Finance Ministry directs public sector insurers to expedite claim payouts to victims of the Wayanad landslide in Kerala. LIC, National Insurance, New India, Oriental, and United India are...

The National Health Claim Exchange (NHCX), a digital platform for faster health insurance claims processing, is set to launch in the next 2-3 months. The platform aims to enhance efficiency and...

New India Assurance shares plummeted over 15% on Monday after the company reported a decline in net profit for the December quarter. The stock closed at Rs 245.40 on NSE and Rs 246.90 on BSE.

New India Assurance Company Ltd shares plunged 11% on Monday after the general insurer reported a decline in net profit in the December quarter. The company's Q3 profit fell 4.5% to Rs 715 crore.

Union Minister Parshottam Rupala urges stakeholders to contribute towards developing guidelines for vessel insurance schemes, aiming to replicate the success of the Group Accident Insurance Scheme...

Private general insurers in India increased their market share to 53.58% in H1'FY24, driven by strong growth in gross direct premiums. Learn more about the key trends in the non-life insurance sector.