Oriental Insurance Company Ltd - Oriental Insurance

  • Incurred Claim Ratio - 96*
*Data according to IRDA Annual Report (2013-14)

Oriental Insurance Company

Established in 12th September, 1947, the Oriental Insurance Company began its operations in Mumbai, India. Previously, it was wholly owned subsidiary of Oriental Government Security Life Assurance Company Limited. From 1956 to 1973, the company was a subsidiary of LIC before nationalization of General Insurance Business in India. In 2003, the Union Government acquired all the shares of Oriental Insurance Company Ltd from General Insurance Corporation of India.

Headquartered at New Delhi, Oriental Insurance Company Ltd has 30 regional offices and more than 1800 active branches across the country. The company has shown its international presence by opening its branches in Nepal, Kuwait, and Dubai. With more than 1400 employees, Oriental Insurance Company has emerged as one of the leading insurance providers in India.

Dr. AK Saxena operates is the Chairman cum Managing Director of Oriental Insurance Company.  With a first year premium of Rs. 99, 556, the company made a modest beginning in 1950. The company has recorded the Gross Premium of Rs. 7282.54 crores in the financial year of 2013-2014.

Oriental Insurance Product Portfolio

Oriental Health Plans:

Oriental health plans take care of all your medical emergencies by managing the financial aspect. Once you are sorted financially, you can concentrate on taking care of well-being of yourself and your family.

Oriental Car Insurance Plans:

Road accident and theft are the two most common issues that every car owner must take care of. Oriental car insurance plan does exactly the same for you. It offers a comprehensive coverage so that you can ride, stress-free.

Oriental Two Wheeler Insurance Policy:

A two-wheeler insurance policy keeps your two-wheeler secured against damages caused by man-made and natural calamities. The cost of two-wheeler insurance is nominal,which can be further reduced if the owner installs anti-theft equipments, like siren and tracker on his/her two-wheeler.

Oriental Commercial Vehicle Policy

Anyone who owns a business must have some type of commercial vehicle that must be used to make deliveries. This vehicle, like other vehicles running on the road, must be insured. This is where commercial vehicle policy steps in. There are commercial vehicle insurance policies available to cover vehicles like goods carrying vehicles, passenger carrying vehicles, etc.

Oriental Travel Insurance Plans:

Oriental travel insurance policies become a great companion for you on your holidays, business trips or visits and help in safeguarding the dilemma of lost baggage on the way.

Oriental Home Insurance:

Buying a home is probably one of the biggest investments you have ever made in your life. So it is your responsibility to protect it from unpredictable damages including natural or manmade disasters. Home insurance gives an all-encompassing protection for your dream home. A comprehensive home insurance policy also covers the content of a house.

Oriental Personal Accident Plans:

Accidents are unforeseen. Such mishaps not only affect a person physically but the impact can also be felt on the emotional and financial grounds. Hence, it becomes important to ensure the financial stability of your family by buying a good personal accident policy. The policy covers death of individual and physical injuries.

It is advisable to compare all Oriental General insurance plans from other General insurance companies in India to choose the best insurance plan that suits you the most.

Oriental Insurance Distribution Network:

Oriental Insurance has more than 26 regional offices and more than 900 operating offices across India. It also has operations in countries such as Nepal, Kuwait and Dubai. It has a total strength of more than 15,000 employees.