Question
The New India Insurance Co Limited was founded by Sir
Dorabji Tata on July 23rd, 1919 and it was nationalized in which year?Solution
The company was founded by Sir Dorabji Tata on July 23rd, 1919 and nationalized in 1973 with the merger of Indian companies. The Company has 2329 offices and the employee strength is 18783 as on 31.03.2016. The company provides insurance services to the customers having over 170 products catering to almost all segments of general insurance business. The authorized capital and paid-up equity capital of the company is Rs.300 crore and Rs.200 crore respectively.
General provisions regarding lay-off are found in:
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