MUMBAI, July 23, 2013 /PRNewsServices/ —
New India Assurance inked an MoU with The Institute of Company Secretaries of India (ICSI), to provide an exclusive state-of-the-art portal for the members, students and employees of the institute for personal lines of insurance like personal accident, health insurance, professional indemnity and motor insurance covers.
The general insurance market leader would provide a portal, which can be accessed through a link on the institute’s website The portal’s site is
The portal allows remittance of premium through a payment gateway by credit card, debit card or net banking. The access is secured as details like membership number, registration number and employee roll number are required to login.
The MoU signed by Mr. Rakesh Kumar, General Manager (Distribution channels), New India Assurance and Ms. Alka Kapoor, Jt. Director, ICSI, was exchanged by Mr. G. Srinivasan, Chairman cum Managing Director, New India Assurance and Mr. Ananth Subramaniam, Chairman of ICSI in the presence of Mr. Somnath Chatterjee, former Speaker of the Lok Sabha at Kolkata on 19th July 2013.
New India has crossed global premium of Rs. 12500 crore in 2012-13 at 18% growth rate. The company is targeting at 20% growth in the business, to Rs. 15,000 crore in 2013-14 and is set to expand its overseas operations in Myanmar, Qatar and Canada.
About New India Assurance Co. Ltd.
The company expanded its operations, by deepening its presence in unrepresented & new potential business places through its micro offices. The insurer opened 383 new such offices to take the total number to 555. In the current fiscal year the company has plans to open 500 more such offices across the country. The large corporate & brokers cells were delinked from the regions and started directly reporting to corporate office, bringing in more efficiency and agility.
New India Assurance were showered with numerous awards and recognition during the year for its micro insurance schemes, IT implementation and other general performance. The Company was awarded SKOCH financial inclusion award for its micro insurance project, selected as the best health insurer by Outlook Money and received the Dalal Street Journal award for consistent performance in non-banking financial sector. The year 2012-13 saw the company coming out with flagship Micro Insurance product, Jan Suraksha Laghu Bima Policy and 16 more other products. As part of its CSR activity, two villages in Tamil Nadu, Nenmeni & Tachakudi, were adopted for providing infrastructure facilities.
Dr. R K Uppal,

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