Get our mobile app for faster access. Our Company is registered with the Insurance Regulatory and Development Authority of India (“IRDAI”) for carrying out the business of general insurance. For details, see “History and Certain Corporate Matters” on page 196. The New India Assurance Company Limited is the largest non-life insurer in India and one of the biggest in Afro-Asia. New India Assurance Company Limited is a leading public sector general insurance company in India, owned by the Government of India. Founded by Sir Dorabji Tata in 1919, it was nationalized in 1973.