Archive · 29 Jan 2026
New India Assurance to Invest ₹100 Cr in Amaravati
The New India Assurance Co.
Ltd., which is the largest general insurance company in India, is going to build a new office in Amaravati, the capital city of Andhra Pradesh.
They are going to spend ₹100 crore on this project.
This new office will create jobs for about 200 to 225 people.
The office will offer different types of insurance services to help farmers, small businesses, and the general public.
This is a big step towards making Amaravati an important economic hub in the state.
The agreement for this project was officially signed and registered on Wednesday.
The New India Assurance Co. Ltd. plans to invest ₹100 crore in establishing a regional office in Amaravati.
The project is expected to generate 200 to 225 jobs across various domains.
The office will provide comprehensive general insurance services covering multiple segments.
The initiative aims to improve insurance penetration among farmers, self-help groups, and small businesses.
A sale agreement between APCRDA and The New India Assurance Co. Ltd. was formally registered on Wednesday.
- Who
- The New India Assurance Co. Ltd. and Andhra Pradesh Capital Region Development Authority (APCRDA)
- What
- Investment of ₹100 crore in establishing a regional office in Amaravati
- When
- The sale agreement was registered on Wednesday
- Where
- Amaravati, Andhra Pradesh
- Why
- To boost the development of Amaravati as the State Capital and improve insurance penetration in the region
- Company
- The New India Assurance Co. Ltd.
- Investment Amount
- ₹100 crore
- Location
- Amaravati, Andhra Pradesh
- Jobs Created
- 200 to 225
- Services Offered
- General insurance services covering rural, social, urban, corporate, and mass non-life insurance segments
- Key Officials
- V. David Raju (APCRDA), V. Raja (The New India Assurance Co. Ltd.)
- Witnesses
- G. Appala Raju, Azeez Shaik, V. Basivi Reddy