The company has been aggressively expanding its network in Oman. ‘It has always been one of the key objectives of New India Oman to widen its operations in the Sultanate of Oman, and empower and involve Omani Nationals by providing them with adequate training in insurance knowledge and services.
As a leader in general insurance, the New India Assurance is truly global in nature with its worldwide operations in 28 countries. The 97 year old company is one of the largest and financially strong non-life global insurance companies and is a pioneer among Indian insurance companies on several counts – to say, insuring the first domestic airline to satellite insurance. ‘New India’ is the undisputed market leader in India for over 40 years with a Global Premium of Rial Omani 996 Million, Net Worth of Rial Omani 604 Million and total assets of Rial Omani 3,832 Million during the financial year 2014 -15. ‘New India’ has been rated “A” (Excellent) by A.M. Best Co., USA for the last ten consecutive years in succession, based on superior capital position, excellent liquidity, strong operating performance and highest solvency margin. New India has become the first insurance company in India to secure the highest financial strength rating ‘AAA’ from Credit Rating Information Services of India Ltd (CRISIL). The rating reflects the highest financial strength of thecompany to meet policy holder’s obligations. ‘New India’ is also member of the Association of British Insurance (ABI), London Insurance and Re-insurance Market Association (LRMA) and the Institute of London Underwriters (ILU).
The New India Assurance Company Limited, Oman operations has received the glorious reward by winning the Best Non-Life Insurer Oman – 2013 award from World Finance, a UK based agency for rating finance and insurance sector establishments. New India-Oman’s growth, since its entry in 1974, has been steady. For the last several years the company has enjoyed enormous support from its valued clients. The reputation of being one of the most customer friendly insurance company in Oman has put ‘New India’ with an additional responsibility to serve the Oman market in their insurance needs with ever improving customer satisfaction.
M/s. Abdul Aziz & Brothers LLC is the business partner of The New India Assurance in the Sultanate of Oman. Mr. Majid Abdul Rahim Jaffer, is the Chairman of Abdul Aziz & Brothers LLC and Majid Group Companies.
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 and kind regards to all
DR. K.P SEBASTIAN
Chief Operating Officer – Oman Operations.