The New India Assurance Company Limited — Board Meeting, 11-12-2024: Outcome of Board Meeting

The New India Assurance Company Ltd. has announced a board meeting outcome where it has approved an investment of Rs. 5 crore in the equity share capital of Bima Sugam India Federation. This investment is part of a broader approval for an aggregate investment not exceeding 10% of Bima Sugam's paid-up equity share capital, contingent on an increase in its authorized capital. Bima Sugam will serve as a digital insurance platform regulated by IRDAI, aimed at providing accessible insurance products and streamlining claims for customers and stakeholders.