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Dear All

The Sultanate of Oman has witnessed a steady economic growth over the past two decades and has achieved significant development in various fields. New India Assurance Co. LTD could actively participate in the growth related activities. The liberalized foreign direct investment policy, efficient administrative system and peaceful social life have made remarkable contributions in the unparalleled economic growth during the period, as compared to many other GCC countries in the region.

The operations of New India Assurance in Oman started in the year 1974 in a small way. Since then the Company witnessed steady and significant growth as the economy of the Sultanate grown. Now, New India Assurance has become a household name and has also achieved a brand equity among the insuring public of the Sultanate with product diversity and great financial strength. New India Assurance was in the forefront in devising innovative and cost efficient products to cater to the insurance needs of the people of the Sultanate and expatriates. All the products of the Company have been wholeheartedly accepted in the market, which has contributed, the Company achieving the premier position among the foreign insurance companies operating in the Sultanate. The Company could maintain high efficiency in the delivery of services, with the backing of dedicated staff members.

 

The operations of New India Assurance is truly global in nature with operations in 27 countries in the world. With sound underwriting philosophy, great financial strength, high service delivery parameters and ensuring customer delight at all times the Company enjoy best rating in the global insurance market. The global rating agency A.M.Best has consistently rated New India Assurance as A+ Excellent.

The operations of New India in Oman is the most important among the GCC operations. The transformations in Oman after the Blessed Renaissance is phenomenal . Four decades on the timescale of a nation’s history may be short. But such period also can be epochal as the Sultanate has proved. Having coincided the operations of New India in Oman with the Renaissance the Company is immensely benefited in its growth and stability. For the growth and good performance of New India Assurance in the sultanate, the Company is greatly indebted to His Majesty Sultan Bin Qaboos Bin Said and the people of the sultanate.

With Best wishes & kind regards to all

K.V.FRANCIS
Chief Operating Officer – OMAN OPERATIONS.