Oriental Insurance Company Ltd
Oriental Insurance : If you think deeply, you would realize that you and of course we all are essentially a compilation of risk. You might think that you are in no need of insurance for your family or for yourself, may be because you can afford to take chances on your being healthy and safe but cannot just take the risk of losing most part of what you have earned.
But no matter what, the fact remains that in this present world scenario, we are just not capable of ensuring ourselves a safe and healthy life. Prevention is always better than cure. Insurances especially some basic ones are essential for all of us regardless of our age, race, nationality etc. There are numerous companies who are in the process of offering quality insurance services to the people. Oriental Insurance Company Ltd is one such company established with the mission to cater to the growing need for insurance in the society, thereby contributing to the socio-economic needs of the country.
Oriental Insurance Company Ltd came into existence on 12th of September 1947 in Bombay. A completely owned subsidiary of the Oriental Government Security Life Assurance Company Ltd, the company was brought to existence for carrying out General Insurance business. From the years 1956 to 1973, the company was a Life Insurance Corporation of India subsidiary. In the year 2003 all the shares of the company that was originally held by General Insurance Corporation of India was transferred to the Central Government.
Oriental Insurance has its head Office located at New Delhi. It consists of 26 Regional Offices and more than 900 operating Offices situated in different cities in India. The Company also has overseas operations operating in Nepal, Kuwait and Dubai.
Objectives of the Oriental Insurance Company
To serve the community with good and satisfying insurance needs and quality services, keeping a focus on its customer
To manage its business profitably, judiciously manage the funds and engage in deploying investible funds for optimal yield
Undertake reinsurance and international operations that would prove best for the country
Minimize the losses thereby developing different technologies for risk management
To operate as a dynamic and strong non-life insurer
Among the useful and widely sold Oriental Insurance policies, are:
PNB – Oriental Royal Mediclaim Policy
Electronic Equipment Insurance Policy
Group Mediclaim Policy
Motor Policies – Terms & Conditions
Comprehensive Health Insurance Scheme
Householders Insurance Policy
Kissan Package Insurance
Motor Cycle Package Policy
Individual Mediclaim Policy
Nagrik Suraksha Policy
Overseas Mediclaim Business and Holiday
Overseas Mediclaim Employment and Study
Office Umbrella Policy
Pedal Cycle Insurance Policy
Shopkeeper’s Insurance Policy
Swasthya Bima Policy
Personal Accident – Individual
Private Car Package Policy
Sweet Home Insurance Policy
Universal Health Insurance Scheme
The Rural Insurance Policies offered by the company are:
Bhagyasree child welfare policy
Dog insurance
Fish in ponds (embankments)
Cattle insurance
Cycle rickshaw insurance policy
Insurance of fish in ponds
Khalihan insurance package policy
Kissan agricltural pumpset insurance
Gramin accident insurance
Janata personal accident policy
Kissan package insurance policy
Plantation/horticulture insurance
Poultry insurance
Rabbit insurance
Rajrajeshwari mahila kalyan bima yojna (new)
Tea plantation insurance
Sericulture (silkworm) insurance
Universal health insurance scheme
Author Resource: Oriental Insurance Company Ltd has been a pioneer in adopting methods and systems that would lead to orderly and smooth functioning of the business. The Oriental insurance policies and services are long in the process of serving the community and its people beautifully.
Source: Oriental Insurance
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