Oriental Insurance:

Oriental Insurance was founded on 12th of September 1947 as an owned subsidiary of the Oriental Government Security Life Assurance Company Ltd with an aim to proceed with General insurance business. From 1956 to 1973, the company was a subsidiary of Life Insurance Corporation of India and in 2003 all shares were transferred to the Central Government.

The company specializes in areas like power plants, chemical plants, petrochemical and steel plants and has widened its reach by including services which cater to the requirements of the Urban and Rural sectors of the Country’s Population.
    
Oriental operates from its Head office in New Delhi with 23 regional Offices and 900 operating offices in different cities with about 16000 employees to provide value added services. The business is flourishing in the company’s overseas operations in Nepal, Dubai and Kuwait as well.

Oriental Insurance aspires as always to accommodate the insurance requirements of the community and make valuable contributions to the socio-economic goals of the country.

The company’s services include numerous insurance policies, insurance schemes, health sector, and welfare policies to individuals and families, offices and businesses, professionals, engineering industry, motor vehicle, agriculture, sericulture, poultry, animals and birds, aviation, and marine sectors.

The company’s premium up to August’09 has been Rupees 1956.89 with a growth rate of 14.02% in the FY 2008-09. The Oriental Insurance has been credited with the highest rating agencies CRISIL and ICRA and has also been rated by an International Agency as B++ by AM Best.

Oriental Insurance Company’s key objectives are to cater to their insurance needs of different customers, provide high quality service, invest funds for most favorable deals, optimize the receptivity of Indian businesses and accomplish reinsurance policies along with international operations which will help in minimizing losses and maintain the status of a strong non-life insurer.