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To cater the needs of the Employees of The New India Assurance Company Limited.
The New India Assurance Employees’ Co-operative Thrift and Credit Society Limited registered No.X-413 was formed in the year 1959 and got registered under Madras Cooperative Society Act 1932 with 43 members and the area of operation was Madras City only. Later on, in the year 1974 our Society converted as a Multi State Cooperative Society under the Multi State Cooperative Societies Act IV of 1942 on 19.06.1974. The rules were framed as per Multi State Cooperative Societies Act 1984.
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Established in 1959 under the Madras Co‑operative Societies Act, initially with 43 members in Madras
Upgraded to a Multi-State Co‑operative Society on 19 June 1974, expanding to Tamil Nadu, Kerala, Karnataka, Andhra Pradesh, and Pondicherry
As of March 2024, it serves around 1,403 members
Classified as an "A-class society", it provides surety loans at low interest and endorses a 20% dividend on share capital since FY 2019–20
