The New India Assurance Co. Ltd. (NIACL) is an Indian public sector insurance company owned by the Government of India and administered by the Ministry of Finance.

Headquartered in Mumbai,[5] it is the largest nationalised general insurance company of India based on gross premium collection inclusive of foreign operations.

[7] Previously, it was a subsidiary of the General Insurance Corporation of India (GIC).

[8] The company's achievements include: NIA is the only direct insurer in India rated A-(Excellent – Positive outlook) by AM Best.

CRISIL reaffirmed its AAA/STABLE rating, indicating that the company has the highest degree of financial strength.