The New India Assurance Co. Ltd. released its Annual Report for FY 2024-25, highlighting company performance, key personnel, and future strategies. The report indicates stable financials, awards, board composition, and activities supporting community well-being. The company showcases its commitment to growth and its vision for sustained operations.
Financial Highlights
Key financial figures from the Annual Report for FY 2024-25 include:
- Gross Written Premium (Global): ₹43618 Crore
- Net worth including fair value: ₹43290 Crore
- Investment Income: ₹8034 Crore
- Profit before tax: ₹1034 Crore
- Profit after tax: ₹988 Crore
- Solvency Ratio (Global): 1.91 x
Accolades
The company has received recognition for its contributions to health insurance, including the Best Health Insurance Coverage India award.
Board of Directors & Key Personnel
Notable figures include Ms. Girija Subramanian, Chairman cum Managing Director, and other members like Ms. Smita Srivastava, Executive Director and Mr. Vimal Kumar Jain, Chief Financial Officer. A complete directory is detailed in the original release.
CSR Activities
Various community service endeavors were highlighted:
- Support for Sevarth Sansthan Seth Bimal Kumar Jain Trauma and installation of Brachytherapy Machine
- Savali NGO Receives support for Mobile Medical Care Ambulance
- Tata Memorial Centre’s Advanced Cancer Care Unit receives CSR contribution
- Support provided to procure medical equipment for Bisnouli Sarvodaya Gramodyog Sewa Sansthan
- Lion Club International Dist 321-A Trust receives support
Operational Strategy
Key strategies noted in the report include digital transformation, changing claim work, insurtech partnerships and financial inclusion.
Future Outlook
The company will expand financial inclusion, strengthen public-private partnerships and promote sustainability in the insurance sector to promote financial resilience.
Source: BSE
