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New India Assurance holds Centenary celebrations
July 26, 2018, 4:46 pm
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New India Assurance, Kuwait Office held a ceremony last week to mark the one-hundredth year of operations of New India Assurance Company, the Indian government-owned, multi-national general insurance behemoth.

A ceremony to launch the year-long centenary celebrations was inaugurated in New Delhi by the Honorable Vice-President of India, Shri M. Venkaiah Naidu, in the presence of the Secretary Finance, Government of India, Rajiv Kumar and the Chairman of New India Assurance, G. Srinivasan.

New India Assurance, which was started in Mumbai by the reputed TATA Group on 23rd July 1919, was subsequently taken over by the Government of India. Today, the company has its operations in over 28 countries around the world. The Middle East Operations of the company started in 1953 with opening of their first agency in Kuwait in association with the Behbehani Group, a leading business house in Kuwait.

The centenary celebrations in Kuwait was inaugurated by the Vice-President of Behbehani Group, Jasem Behbehani, in the presence of Directors of Behbehani Group Abdul Ghani Behbehani and Talal Mohammed Reza Behbehani, and the Chief Operating Officer of New India Assurance Kuwait Office, Ram Mohan Reddy.

Speaking on the occasion, Mr. Reddy gave various details of the company with glimpses of its history, legacy and leadership. He pointed out that there were very few companies in the world that have had 100 years of successful operations under the same name and business.

He added that it was the strong foundations, technical expertise, committed leadership, and above all, the continued support of their valued customers, agents and other stake holders, that allowed New India Assurance to continue on its memorable journey of 10 decades. He revealed that various programs would be organized throughout the year, to enhance the pride and presence of New India Assurance globally, followed by a grand valedictory function in 2019.

The function was attended by the heads of other Indian government financial institutions operating in Kuwait, including the Resident Manager of Oriental Insurance, Siddhartha Mukherjee, the Resident Manager of Life Insurance Corporation International, Devesh Kumar, the Manager of LIC Housing Finance of India, Rajeev Sakhuja, and the General Manager of Behbehani Agency, V.K. Kapur, along with staff members of the company.

 

 

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