The Oriental Insurance Company
Ltd was
incorporated at Bombay on 12th September
1947. The Company was a wholly owned
subsidiary of the Oriental Government
Security Life Assurance Company Ltd and
was formed to carry out General Insurance
business. The Company was a subsidiary of
Life Insurance Corporation of India from
1956 to 1973 ( till the General Insurance
Business was nationalized in the country).
In 2003 all shares of our company held by
the General Insurance Corporation of India
has been transferred to Central
Government.
The Company is
a pioneer in laying down systems for
smooth and orderly conduct of the
business. The strength of the company lies
in its highly trained and motivated work
force that covers various disciplines and
has vast expertise. Oriental specializes
in devising special covers for large
projects like power plants, petrochemical,
steel and chemical plants. The company has
developed various types of insurance
covers to cater to the needs of both the
urban and rural population of India. The
Company has a highly technically qualified
and competent team of professionals to
render the best customer service.
Oriental Insurance made a modest
beginning with a first year premium of
Rs.99,946 in 1950. The goal of the Company
was “Service to clients” and achievement
thereof was helped by the strong
traditions built up overtime.
ORIENTAL with its head Office at
New Delhi has 30 Regional Offices and
nearly 900+ operating Offices in various
cities of the country. The Company has
overseas operations in Nepal, Kuwait and
Dubai. The Company has a total strength of
around 15,000+ employees. From less than a
lakh at inception, the Gross Premium went
up to Rs.58 crores in 1973 and during
2010-11 the figure stood at a mammoth Rs.
5569.88 crores.
