The new India assurance company limited a well established general insurance company. Founded by Sir Dorabji Tata in 1919, owned by Govt., this company is functioning almost in 28 countries. This company still a leader in general insurance sector in india. Global business of this company is Rs.18371 Cr. And its domestic business is Rs 15149.50 Cr in 2014-15.
NIA provide all type of non life insurance to individual, corporate and industries. Broadly there are five categories of non life insurance: 1. Personal insurance 2. Commercial insurance 3. Industrial insurance 4. Liability insurance 5. Social insurance. NIA provide their services in all above mention categories. NIA provide best & cheap health care plan to individual. NIA is very good% in health claim settlement. Claim ratio in 2014-15 around 96%, same as health in motor insurance NIA provide best and cheap plan to individuals, almost 60% discount offered by the company on four wheeler till 5 years to vehicle age don’t panic you can get almost 50% discount for 5 year above aged vehicle. There are lot more offer on commercial vehicle.
Yes, there are very few people, are satisfied from its customer services. No doubt but still NIA dominate GI market just because of its agent, if any customer takes insurance plan via agent than direct. He/she will be happy. This company less invest in marketing and other sales strategies because its biggest assert are its agents, those help company to earn business. So if you have bad experience with this company, please choose good insurance agent of this company.
Yes staff attitude is so rude, again if you are direct customer think yourself orphan child. Because there is no routine checkup to their proficiency in work, they are now just another Govt. offices.
At the end if you go through via agent then you get all type of services at home. If you want to choose it as direct customer then think again. As per my knowledge agents are best option in insurance world in India. They know very bad aspect and good aspect of plan and company.
Imp: don’t buy insurance from NIA employees, As per rule employees of GIC are not eligible to sale insurance but just because their greed they do illegal. These employees put your case in agent agency and take their incentive. if something goes wrong these employees left you in problem, neither employee because he/she doing illegal thing nor agent because he doesn’t get anything.
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