About Oriental Insurance Co. Ltd.
The Oriental Insurance Company Limited was founded in Bombay in September 1947 as a fully-owned subsidiary of the former Oriental Government Security Life Assurance Company Ltd. The centre purpose to build Oriental Insurance was to purvey the necessity of General Insurance for all the sections of the Indian market. Oriental Insurance made a humble start with the first-year premium of Rs. 99,946 in 1950 and since then the Oriental Insurance has established multiple general insurance products in India and has gained a distinction in the Indian Insurance industry for its levelled and systematic fulfilment of the general insurance business.
Oriental Insurance grants individual and industrial based insurance products. Apart from furnishing insurance to individuals and families, it also renders products to large corporate and enterprises like power/steel/chemical plants, petrochemical industry etc.
Oriental Insurance offers insurance products in the following domains :
- Motor Insurance
- Health Insurance
- Travel Insurance
- Personal Accident Insurance
- Shopkeeper Insurance
- Householder Insurance
- Other Products
The Edge Offered by Oriental Company
- The services extended are supported by a profoundly qualified team of professionals to render the best customer service.
- The head office for the Oriental Insurance Company is placed at New Delhi and has further than 31 Regional Offices and above 1800+ branch offices in almost all the tier-I & tier-II cities of India.
- Oriental Insurance has its ubiquity in domestic and international locations. It has developed globally in centres like Nepal, Dubai and Kuwait. The total employee strength of the company is about 14,000.
Claim Settlement Ratio
In 2017-2018, Oriental Insurance claim settlement ratio was :
- Motor: 68.19%
- Health: 113.86%