Mumbai: New India Assurance , the largest general insurer has recorded 22% growth in profit after tax in the last financial year, aided by growth in investment income.During the year, the company posted profit after tax of Rs 1,008 crore in financial year- 2016-17. Of this, foreign operations reported profit of Rs 163 crore up from Rs 100 crore.New India is in the process to list the company. The company reported underwriting losses of over Rs 3,000 crore during the year. The market value of investment stood at Rs 53,009 crore. The asset base of the company jumped to Rs 69,173 crore.New India renewed personal accident cover to NPCI covering 38 crore Rupay cardholders.

Source: Economic Times May 04, 2017 08:31 UTC