The New India Assurance Co. Ltd was established in 1919 by Sir Dorab Tata in Bombay (now Mumbai, India). It initially started its operation as a life and general business. Then in 1956 New India became an exclusive General Insurance Company.
With a wide range of policies New India has become the largest non-life insurance company not only in India, but one of the leading insurers in the Afro-Asian region.
The global operations of New India started as early as 1920 with the establishment of their London office. Today New India is operating in 28 countries.
Gross Premium of FJD $ 7.07 billion in the year 2016-17. Assets approximately FJD $ 15.31 million as on 31st March 2016.
The company has been rated A- (EXCELLENT) by A.M.Best & Company (Europe) based upon the following factors:
(i) Superior Capital Position.
(ii) Strong Operating Performance.
(iii) Strong Market Position.
New India's presence in Fiji Islands dates back to 1954. The first branch was established in Suva in 1954, in the early days of economic development of the country. The second branch was established in Lautoka in the year 1967 to cater for our clients in western part of Fiji. The Labasa and Nadi branches were established in years 1982 and 1995 respectively.
New India has attained strength by strength serving the Fiji and its people through thick and thin, in their good and bad years meeting their commitment to insuring public with satisfaction in the worst of the Fiji's period of natural disasters caused by frequent cyclones.
New India's strong financial base and people oriented policies has lead it to a successful Insurance company in Fiji. The New India Fiji is setting goals and coming up with incentives to broaden and strengthen broker network and customer satisfaction and building new relationships through direct and reinsurance business.
We in Fiji underwrite all classes of General Insurance business and acknowledge the fact that our continued prosperity is due to the goodwill and support which we have always received from our clientele.
Transparency, Flexibility and accessibility to executives are the key factors for our wide satisfied base of customers
To demonstrate superior ability to help and every insured find the best solution to their General Insurance need. Our values are to strive and achieve the ideal of Service and Security. Company is fully committed to Fiji and its people to strengthen the financial insurance services of the country.
Key Disclosure Statement
Disclosure Statement for General Insurers - for the year ended: 31st December 2016
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