The Oriental Insurance Company Ltd.
The Oriental Insurance Company Ltd was formed on 12th of September, 1947. Initially,
it was a subsidiary of the Oriental Government Security Life Assurance Company Ltd
and was set up for carrying out general Insurance business. From 1956 till 1973,
the company was a subsidiary of Life Insurance Corporation of India. Finally, in
the year 2003, all the shares that were previously held by the General Insurance
Corporation of India had been transferred to the central government. The corporation
enjoys a reputation of stability, expertise and strength. The company began with
a capital of Rs.99,946 in the year 1950 and now has a country wide network connected
through the latest technology teamed up with the most experienced professionals.
It has branches even abroad in countries like Nepal, Dubai and Kuwait. The Gross
Premium went up to Rs.58 crores in the formative years in 1973 and rose higher to
Rs.4020 crores in 2006-07.
Some Popular Insurance Policies:
- Group Mediclaim Policy
- Motorcycle Package Policy
- Swasthya Bima Policy
- Sweet Home Insurance Policy
- Private Car Package Policy
- Nagrik Suraksha Policy
- Office Umbrella Policy
- Individual Mediclaim Policy
- Personal Accident(individual)