Oriental Insurance Company Ltd, a subsidiary company of the General Insurance Corporation (GIC) of India, Started its operation in India on 12th September 1947 at Bombay (now Mumbai) as a public sector company. 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 2002, after the Insurance Amendment bill was passed, the company was de- linked from GIC and all its shares has been transferred to the Central government. The company has evolved in great respects over the years and slated to become one of the leading insurance company of the country.
Oriental Insurance Company Ltd. has its head office at New Delhi and 26 regional offices all over the country. Apart from this the company also has over 900 operating offices and overseas operation, mainly in Kuwait, Dubai and Nepal. The company presently has around 15,000 technically qualified, effective, committed and highly trained workforce covering various segments.
To keep the focus on customer and serve their insurance requirements.
To offer high quality service y being customer friendly.
To invest funds for optimum grant and engage in profitable business.
To optimize the retentivity of Indian business and carry on reinsurance policies and foreign operations.