New India Assurance NIACL
India's largest general insurer (government-owned); health is its largest line, much of it group and government business
Mapped in 1 theme: Hospitals & Healthcare.
Where New India Assurance sits in the supply chain
New India Assurance appears in 1 supply-chain layer in one theme, Hospitals & Healthcare.
Hospitals & Healthcare › Health insurers & TPAs
EnablerOther companies in this layer
Revenue and profit
| ₹ Cr | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| Revenue | 35,821 | 41,007 | 43,285 | 43,541 | 49,758 |
| Net profit | 198 | 1,050 | 1,120 | 1,038 | 1,417 |
Latest-year revenue ₹49,758 Cr (FY26, company-wide).
Note: Health is one line in a general insurer.
Strengths
- Largest health premium book in India by volume
- Government ownership and pan-India reach
Risks
- Group and government health often runs at loss-making claims ratios
- Weak underwriting profitability historically
Common questions
What does New India Assurance do?
India's largest general insurer (government-owned); health is its largest line, much of it group and government business.
Where does New India Assurance sit in the supply chain?
New India Assurance (NSE: NIACL) is mapped in 1 supply-chain layer: Health insurers & TPAs (Hospitals & Healthcare).
Who are New India Assurance's peers?
In the Health insurers & TPAs layer of Hospitals & Healthcare: Star Health and Allied Insurance, Niva Bupa Health Insurance, ICICI Lombard General Insurance, Medi Assist Healthcare Services, Care Health Insurance (not NSE-listed) and Narayana Hrudayalaya (Narayana Health).
What is New India Assurance's market cap and valuation?
As of 6 Nov 2026: market cap ₹25,910 Cr, ROCE 4.3%, ROE 4.9%, dividend yield 0.95%.