New India Assurance Company Ltd (NIACL) is one of the largest public sector general insurance companies in India, owned and operated by the Government of India. It operates under the supervision of the Ministry of Finance and has its headquarters in Mumbai, Maharashtra. Established in 1919, NIACL has grown into a key player in India’s insurance sector, known for providing a broad array of insurance solutions to individuals and businesses alike.
NIACL’s product range spans health insurance, motor insurance, travel insurance, home insurance, and various forms of commercial insurance, catering to diverse customer needs. The company also boasts a significant international presence, with operations extending to countries such as Nepal, Singapore, and the UAE. Financially, NIACL holds the distinction of being the largest nationalized general insurance company in India, based on gross premium collections, both domestically and from its foreign operations. With its wide-ranging products and services, NIACL continues to play a pivotal role in the Indian insurance landscape.
| Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | |
| Promoters + | 85.44% | 85.44% | 85.44% | 85.44% | 85.44% |
| FIIs + | 0.69% | 0.77% | 0.81% | 0.80% | 0.86% |
| DIIs + | 11.93% | 11.71% | 11.76% | 11.64% | 11.28% |
| Public + | 1.94% | 2.09% | 1.98% | 2.12% | 2.43% |
| No. of Shareholders | 1,27,031 | 1,26,366 | 1,41,734 | 1,50,983 | 1,56,767 |
The shareholding pattern of New India Assurance Company Ltd reflects a stable ownership structure, with promoters consistently holding a significant majority. From September 2023 to September 2024, promoters maintained an 85.44% stake in the company. Foreign Institutional Investors (FIIs) gradually increased their holdings, rising from 0.69% in September 2023 to 0.86% by September 2024. Domestic Institutional Investors (DIIs), however, saw a slight decline in their share, dropping from 11.93% in September 2023 to 11.28% in September 2024. Public shareholding showed a gradual rise, increasing from 1.94% to 2.43% over the same period. Additionally, the number of shareholders also grew significantly, from 1,27,031 in September 2023 to 1,56,767 by September 2024, indicating a widening base of individual investors in New India Assurance Company Ltd.
Latest News on New India Assurance Company Ltd
The New India Assurance Company Ltd (NIACL) has officially released the admit cards for the Administrative Officer (AO) Prelims 2024 recruitment exam. Candidates who have applied for the exam can now download their admit cards from the official NIACL website. This release is a significant step in the recruitment process, allowing applicants to prepare for the upcoming examination. The AO Prelims is an important gateway for those aspiring to join NIACL as Administrative Officers.
Below are the trading platforms that you can use to purchase New India Assurance Company Ltd shares:
➤ Zerodha
➤ Upstox
➤ Groww
➤ AngelOne
➤ ICICIDirect
| When | Maximum Price | Minimum Price |
| November 2024 | 239.95 | 208.66 |
| December 2024 | 242.35 | 210.74 |
As we approach November 2024, the projected maximum price for New India Assurance Company is expected to reach ₹239.95, while the minimum is anticipated to be around ₹208.66. Stepping into December 2024, the maximum price is likely to rise slightly to ₹242.35, with the minimum expected to be ₹210.74. These projections suggest a steady upward trend for New India Assurance Company towards the end of 2024.
| When | Maximum Price | Minimum Price |
| January 2025 | 244.78 | 188.29 |
| February 2025 | 247.25 | 190.19 |
| March 2025 | 252.44 | 194.19 |
| April 2025 | 249.94 | 192.26 |
| May 2025 | 242.66 | 186.66 |
| June 2025 | 253.58 | 195.06 |
| July 2025 | 248.61 | 191.24 |
| August 2025 | 256.30 | 197.15 |
| September 2025 | 259.37 | 199.52 |
| October 2025 | 266.12 | 204.71 |
| November 2025 | 272.77 | 209.82 |
| December 2025 | 285.05 | 219.27 |
In 2025, as we step into January, New India Assurance Company is projected to reach a maximum price of ₹244.78 and a minimum of ₹188.29. In February, the maximum may rise to ₹247.25, with a minimum of ₹190.19. March is expected to show a maximum of ₹252.44 and a minimum of ₹194.19, followed by April’s maximum of ₹249.94 and minimum of ₹192.26. May could see a dip to a maximum of ₹242.66 and a minimum of ₹186.66. As we step into June, the price is expected to rebound to a maximum of ₹253.58 and a minimum of ₹195.06, holding steady in July at a maximum of ₹248.61 and a minimum of ₹191.24. In August, it may rise to a maximum of ₹256.30 with a minimum of ₹197.15. September should see a maximum of ₹259.37 and a minimum of ₹199.52, followed by October’s maximum of ₹266.12 and minimum of ₹204.71. November is projected at a maximum of ₹272.77 and a minimum of ₹209.82, closing the year in December with a maximum of ₹285.05 and a minimum of ₹219.27.
| When | Maximum Price | Minimum Price |
| January 2026 | 293.60 | 225.84 |
| February 2026 | 286.26 | 220.20 |
| March 2026 | 291.98 | 224.60 |
| April 2026 | 297.94 | 229.19 |
| May 2026 | 294.99 | 226.92 |
| June 2026 | 302.37 | 232.59 |
| July 2026 | 296.44 | 228.03 |
| August 2026 | 305.61 | 235.08 |
| September 2026 | 311.72 | 239.78 |
| October 2026 | 319.82 | 246.02 |
| November 2026 | 327.82 | 252.17 |
| December 2026 | 336.01 | 258.47 |
| When | Maximum Price | Minimum Price |
| January 2027 | 339.37 | 261.06 |
| February 2027 | 348.08 | 267.75 |
| March 2027 | 361.65 | 278.19 |
| April 2027 | 354.56 | 272.74 |
| May 2027 | 344.23 | 264.79 |
| June 2027 | 359.72 | 276.71 |
| July 2027 | 352.67 | 271.28 |
| August 2027 | 363.58 | 279.67 |
| September 2027 | 376.30 | 289.46 |
| October 2027 | 386.09 | 296.99 |
| November 2027 | 395.74 | 304.41 |
| December 2027 | 405.63 | 312.02 |
| When | Maximum Price | Minimum Price |
| January 2028 | 413.74 | 318.26 |
| February 2028 | 424.35 | 326.43 |
| March 2028 | 440.90 | 339.16 |
| April 2028 | 432.26 | 332.51 |
| May 2028 | 419.67 | 322.82 |
| June 2028 | 438.55 | 337.35 |
| July 2028 | 429.95 | 330.73 |
| August 2028 | 443.25 | 340.96 |
| September 2028 | 458.76 | 352.90 |
| October 2028 | 470.69 | 362.07 |
| November 2028 | 482.46 | 371.12 |
| December 2028 | 494.52 | 380.40 |
| When | Maximum Price | Minimum Price |
| January 2029 | 504.41 | 388.01 |
| February 2029 | 517.35 | 397.96 |
| March 2029 | 537.52 | 413.48 |
| April 2029 | 526.98 | 405.37 |
| May 2029 | 511.63 | 393.56 |
| June 2029 | 534.66 | 411.27 |
| July 2029 | 524.17 | 403.21 |
| August 2029 | 540.38 | 415.68 |
| September 2029 | 559.30 | 430.23 |
| October 2029 | 573.84 | 441.42 |
| November 2029 | 588.19 | 452.45 |
| December 2029 | 602.89 | 463.76 |
| When | Maximum Price | Minimum Price |
| January 2030 | 614.95 | 473.04 |
| February 2030 | 630.72 | 485.17 |
| March 2030 | 655.31 | 504.09 |
| April 2030 | 642.47 | 494.20 |
| May 2030 | 623.75 | 479.81 |
| June 2030 | 651.82 | 501.40 |
| July 2030 | 639.04 | 491.57 |
| August 2030 | 658.80 | 506.77 |
| September 2030 | 681.86 | 524.51 |
| October 2030 | 699.59 | 538.15 |
| November 2030 | 717.08 | 551.60 |
| December 2030 | 735.01 | 565.39 |
In 2030, the New India Assurance Company is projected to have a maximum price of ₹614.95 and an expected minimum price of ₹473.04 in January. As we progress through the year, the projected maximum price is expected to rise to ₹735.01, with an expected minimum price of ₹565.39 by December.
Financial Condition of New India Assurance Company Ltd: Last 5 Years
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | TTM | |
| Sales + | 28,343 | 33,066 | 35,821 | 41,007 | 43,676 | 44,036 |
| Expenses + | 29,406 | 30,931 | 35,644 | 39,728 | 42,213 | 42,713 |
| Operating Profit | -1,063 | 2,136 | 177 | 1,279 | 1,462 | 1,324 |
| OPM % | -4% | 6% | 0% | 3% | 3% | 3% |
| Other Income + | 2,816 | 27 | 87 | 60 | 9 | 43 |
| Interest | 0 | 0 | 0 | 0 | 0 | 0 |
| Depreciation | 93 | 103 | 87 | 82 | 59 | 0 |
| Profit before tax | 1,659 | 2,060 | 178 | 1,256 | 1,412 | 1,366 |
| Tax % | 13% | 21% | 0% | 16% | 23% | |
| Net Profit + | 1,447 | 1,645 | 198 | 1,050 | 1,120 | 1,102 |
| EPS in Rs | 8.75 | 9.95 | 1.18 | 6.36 | 6.77 | 6.65 |
| Dividend Payout % | 0% | 0% | 25% | 30% | 38% |
New India Assurance Company Ltd has demonstrated a significant growth trajectory over the past five years, with its sales rising consistently from ₹28,343 crore in March 2020 to ₹43,676 crore in March 2024. This steady increase reflects the company’s expanding market presence and ability to generate higher premium collections. Despite the challenges posed by rising expenses, which increased from ₹29,406 crore in 2020 to ₹42,213 crore in 2024, the company has managed to improve its operational efficiency. This is evident in the shift in operating profit margin, which recovered from a negative -4% in 2020 to a positive 3% in 2024, indicating better cost control and revenue generation.
In terms of profitability, New India Assurance has experienced fluctuations in its net profit figures. While the company recorded a strong net profit of ₹1,645 crore in March 2021, this declined to ₹1,120 crore in March 2024. The decline in profit can be attributed to various factors, including higher operating expenses and relatively low other income in recent years. The Earnings Per Share (EPS) also followed a similar trend, dropping from ₹9.95 in 2021 to ₹6.77 in 2024.
Despite these fluctuations in profit, the company has maintained a healthy dividend policy, gradually increasing its dividend payout from 25% in March 2022 to 38% in March 2024. This reflects New India Assurance’s commitment to rewarding its shareholders and maintaining investor confidence. The company’s performance over this period highlights its resilience in navigating financial challenges while continuing to expand its market share in the general insurance industry.
FAQs
What is New India Assurance Company Ltd ‘s current market capitalization?
New India Assurance Company Ltd currently boasts a market capitalization of ₹34,489 crore
New India Assurance Company share price soared to an impressive peak of ₹285.05 in December 2025, signaling strong investor confidence and market optimism.
Looking ahead, New India Assurance Company’s share price is anticipated to reach impressive heights, ranging from ₹565.39 to ₹735.01 by December 2030, highlighting the company’s promising long-term growth prospects.
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Conclusion
In conclusion, New India Assurance Company Ltd (NIACL) has firmly established itself as a key player in the Indian insurance sector, showcasing consistent sales growth from ₹28,343 crore in March 2020 to ₹43,676 crore in March 2024. Despite challenges such as rising expenses, NIACL has enhanced its operational efficiency, achieving a positive operating profit margin of 3% by March 2024. Although the net profit has experienced fluctuations, the steady increase in sales and a broadening public shareholding reflect growing investor confidence. With future price predictions suggesting a maximum of ₹735.01 by December 2030, NIACL appears well-positioned for sustained growth, backed by strong institutional support and an expanding product portfolio.
What did we learn?
- 1 Shareholdings Patterns of New India Assurance Company Ltd
- 2 Latest News on New India Assurance Company Ltd
- 3 How to Purchase New India Assurance Company Ltd ‘s Shares in India?
- 4 New India Assurance Company Ltd Share Price Prediction: 2024, 2025 to 2030
- 4.1 New India Assurance Company Ltd Share Price Target 2024
- 4.2 New India Assurance Company Ltd Share Price Target 2025
- 4.3 New India Assurance Company Ltd Share Price Prediction 2026
- 4.4 New India Assurance Company Share Price Target 2027
- 4.5 New India Assurance Company Ltd Share Price Prediction 2028
- 4.6 New India Assurance Company Share Price Target 2029
- 4.7 New India Assurance Company Ltd Share Price Target 2030
- 5 Financial Condition of New India Assurance Company Ltd: Last 5 Years
- 6 FAQs
- 7 Conclusion
