The global gross written premium was up 9.9% at Rs 69.61 billion
King's College Hospital in London, John Hopkins Medical Center in Baltimore, and Cedar-Sinai Medical Center in Los Angeles are among the 99 hospitals under the cover
New India Assurance's Rs 10,000-crore IPO will hit the market in the first week of November
The New India Assurance chairman and MD said global business is growing at 5-7% while the Indian business is growing at 18-20%
Company has suffered an underwriting losses to the tune of Rs 3,500 crore
New India Assurance Co Ltd is targeting its global premium to go up to Rs 25,000 crore in 2017-18, anticipating the year could offer better growth. The company said that it is also looking at increasing its exports from the current 18 per cent of the business to 25 per cent in next five years.G Srinivasan, chairman cum managing director of the company said that the company is well in tune with its plans to reach a global premium of Rs 21,000 crore by the end of the current fiscal year, and its Initial Public Offering (IPO) is expected to be ready in six to eight months."We are expecting the global premium for the year to be around Rs 25,000 crore in 2017-18," said Srinivasan. Process for the proposed IPO has been started and the company expects that going public, which as per the direction of the government, would increase the profile and branding of the company.He added that currently 18 per cent of its business comes from overseas and the company is targeting to increase it to 25 ...
NIA's premium policy covers most treatments that were hitherto not covered under other mediclaim policies