The New India Assurance Company Reviews | Glassdoor.co.in

The New India Assurance Company Reviews

Updated 17 January 2019
63 reviews

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4.3
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Pros
  • "Largest general insurance company of India with a solvency ratio much above statutory limits" (in 10 reviews)

  • "Low workload,good pay,good staff and employees,market leader" (in 5 reviews)

Cons
  • "Less competitive, slow processes, Rigid HR Policy" (in 4 reviews)

  • "No appreciation for hardworking honest employees," (in 3 reviews)

More Pros and Cons

  1. "Great opportunity to working in NIACL"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Anonymous Employee in Bengaluru
    Current Employee - Anonymous Employee in Bengaluru
    Recommends
    Positive Outlook

    I have been working at The New India Assurance Company full-time (Less than a year)

    Pros

    Even with private counter part , this is No1 in general insurance sector

    Cons

    Till now nothing I encountered

    Advice to Management

    Make fast promotion with transparency


  2. "Executive"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Administrative Officer in Bhadohi
    Current Employee - Administrative Officer in Bhadohi
    Recommends
    Positive Outlook

    I have been working at The New India Assurance Company full-time (More than 5 years)

    Pros

    Work beyond Limit is the best motto

    Cons

    Nothing downstairs is there during working hours

    Advice to Management

    Aim the top

  3. "Pretty slow in adapting to latest industry benchmarks as well market standards."

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Anonymous Employee in Mumbai
    Current Employee - Anonymous Employee in Mumbai
    Recommends
    Positive Outlook

    I have been working at The New India Assurance Company full-time (More than 5 years)

    Pros

    Only pro is that it's a Public Sector Unit, so good packages in comparison to Pvt players at entry level. That's it. Rest all is debatable.

    Cons

    - Since it's a PSU, so growth is slow.

    - Pay raise per promotion is not substantial.

    - HR Policies are rigid and old. Needs to be free from Govt. restrictions and adapt some market standards.


  4. "Best PSU Insurance company to work"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Deputy Manager in Akola, Maharashtra
    Current Employee - Deputy Manager in Akola, Maharashtra
    Recommends

    I have been working at The New India Assurance Company full-time (More than 10 years)

    Pros

    New India Assurance is leading general Insurance company in India. Company has a very good work atmosphere many facilities are provided to employees and promotions chances are also good .

    Cons

    No cons, everything is good


  5. "Ok job"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Administrative Officer in Wayanad
    Current Employee - Administrative Officer in Wayanad
    Doesn't Recommend
    Neutral Outlook
    No opinion of CEO

    I have been working at The New India Assurance Company full-time (More than a year)

    Pros

    Ok job , ok salary , good experience

    Cons

    Hectic schedule, no work life balance

    Advice to Management

    Recruit more employees


  6. "great organisation"

    StarStarStarStarStar
    Current Employee - Insurance Executive in Chennai
    Current Employee - Insurance Executive in Chennai

    I have been working at The New India Assurance Company full-time (More than 10 years)

    Pros

    Best sector for growth and good pay master

    Cons

    untimely work and fast outdation


  7. "Carrear"

    StarStarStarStarStar
    • Career Opportunities
    Current Employee - Anonymous Employee
    Current Employee - Anonymous Employee
    Recommends
    Positive Outlook

    I have been working at The New India Assurance Company full-time

    Pros

    Best govt company in India.
    Good salary , convenient workings
     Hours.
    No stress

    Cons

    Hola in annual salary is a bit inadequate

    Advice to Management

    Performance linked incentives should be given.

  8. "Best assurance , good claim , good people"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Anonymous Employee
    Former Employee - Anonymous Employee
    Recommends
    Positive Outlook

    I worked at The New India Assurance Company full-time

    Pros

    Excellent people , no work pressure .

    Cons

    Salary , old managment , old computers , slow working .

    Advice to Management

    Yipeeee.....! Hire young guns.


  9. "Administrative officer"

    StarStarStarStarStar
    Current Employee - Anonymous Employee
    Current Employee - Anonymous Employee

    I have been working at The New India Assurance Company full-time

    Pros

    Great company to work with

    Cons

    Little slow coordination with old staff


  10. "Excellent company"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Assistant Administrative Officer in Bharatpur, Rajasthan
    Current Employee - Assistant Administrative Officer in Bharatpur, Rajasthan
    Recommends
    Positive Outlook

    I have been working at The New India Assurance Company full-time (More than 10 years)

    Pros

    I am working for this company for last 30 years. Everything is good including salary and facilities

    Cons

    Decision taken at the highest level and dont include people who work at branch or other client related level.

    Advice to Management

    Add a time bound promotion policy