Oriental Insurance India : A General insurance company in India
Oriental Insurance India is a General Insurance company,It covers the insurance needs of all types of people.
A brief History of Oriental Insurance India
Oriental Insurance India started on 12 th September 1947, at Bombay, is a public sector company and is one of the four subsidiary companies of the General Insurance Corporation of India . In the year 1947 the Oriental Fire & General Insurance Co. became a subsidiary of Oriental Government Security Life Assurance Co. Ltd. and from 1956 to 1973 the Company remained as a subsidiary of Life Insurance Corporation of India , till general insurance business was nationalized with effect from 1st January 1973. However, after the passage of the Insurance Amendment Bill (2002), Oriental Insurance India was delinked from GIC and in 2003 the shares of the company so far held by GIC has been transferred to Central Government.
Information about Oriental Insurance India
The head office of the Oriental Insurance India is in New Delhi, with 21 regional offices, 311 divisional offices and 635 branch offices in various cities of the country along with overseas operations in Nepal, Kuwait and Dubai. It is run by a board of distinguished personalities from various fields and a highly qualified and technically competent professional team for best customer service.
The Oriental Insurance India is quite technology savvy with their very own websites. Moreover by using the Integrated Non-Life Insurance Application Software the Oriental Insurance Company can ensure a better customer service. The leading credit rating agencies of India, CRISIL and
ICRA , gave the highest rating to Oriental Insurance India and the AM Best, an international rating agency, rated the company as B++.