THE ORIENTAL INSURANCE COMPANY LIMITED

http://www.orientalinsurance.org.in/documents/10182/38578/1007201
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The Oriental Insurance Company Ltd. is a public sector

non-life insurance company in India. The headquarters
of the company is located in New Delhi with 30 regional
offices and more than 1800 active branches across the
country. The company also has branches in Nepal,
Kuwait, and Dubai. The company has recorded a gross
premium of Rs. 7282.54 crores in the financial year
2013-2014.
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 have 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 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 31
Regional Offices and nearly 1800+ 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 14,000+
employees. From less than a lakh at inception, the
Gross Premium went up to Rs.58 crores in 1973 and
during 2014-15 the figure stood at a mammoth Rs.
7561 crores.

History
Oriental Insurance was incorporated on 12 September 1947 as a governmentowned non-life insurance company.[1] It was established as a completely owned
subsidiary of Oriental Government Security Life Assurance Company Ltd. to
execute its parent body's general insurance operations.[2] In 1956, when insurance
business was nationalized, Oriental insurance became part of LIC till 1973. After
1973, Oriental Insurance became a subsidiary of General Insurance Corporation
of India till 2003 when the company was de-linked from the parent company and
set up as an independent insurance company. In 2003, the Union Government
acquired all the shares of Oriental Insurance Company Ltd from General
Insurance Corporation of India.

Profile

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 have been transferred to Central Government.
The Oriental Insurance Company Ltd

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 technically qualified
and competent team of professionals to render the best customer service.

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 Insurance

with its head Office at New Delhi has 31 Regional Offices and nearly
1800+ 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 14,000+ employees. From less than a lakh at inception, the
Gross Premium went up to Rs.58 crores in 1973 and during 2014-15 the figure
stood at a mammoth Rs. 7561 crores.
ORIENTAL