Company

The Oriental Insurance Company Limited

Year Established

1947

Brief History

The Company was a wholly owned subsidiary of the Oriental Government Security Life Assurance Company Ltd and was formed to carry out General Insurance business. 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 2003 all shares of our company held by the General Insurance Corporation of India has been transferred to Central Government.

Promoters of the company

100% Shareholding by Government of India

Share Capital (In crores)

100 crores

Solvency margin ratio

1.66 as on 31.03.2009

Credit rating

ICRA I AAA (Claiming paying ability)

CRISIL AAA/Stable (Financial strength rating)

AM BEST b ++ (Financial strength rating)

Bbb + (Issuer credit rating)

ISO Certificate

NIL

Annual Gross Premium 2009-2010 (In crores)

RSA078/-(Rs.3965 + Rs.113/-) In India and Outside India Respectively

Annual Gross Direct Claims Paid :

2009-2010 (In crores)

RS. 3749 CRORES

No of Employees

15553

No. of Branch Offices India Overseas

995 (Regional Offices 26, Divisional Offices 332 branch Offices 532 an Extension Counters 105)

Name & Designation of Key Executives

DR.R.K.KAUL, CHAIRMAN-CUM-MANAGING DIRECTOR

SHRI S.K. CHANANA, DIRECTOR & GENERAL MANAGER

SHRI DEVI SINGH, DIRECTOR & GENERAL MANAGER

SHRI S. SURENTHER, GENERAL MANAGER & F.A.

SHRI NIRAJ KUMAR, GENERAL MANAGER

DR. A.K. SAXENA, GENERAL MANAGER

SHRI N.K. SINGH, GENERAL MANAGER

Head Office

(Corporate Office) Address

The Oriental Insurance Com pay Limited

'Oriental House' A-25/27, Asaf Ali Road,

New Delhi-110002

Contact Number

Telephone : 011-23265024,011-23271064

Fax : 011-2323263175

Email: orientalinsurance@nic.in NA

Toll Free No. NA

Website

www.orientalinsurance.org.in

Any other information you would like to share

We were the first non-life insurance company in India that offered CORE INSURANCE SOLUTIONS before April 2009. Oriental added another feather to its cap by launching its own portal on 24.09.2009. The launch of our portal enhances our customer based attitude. With this to start with our customers can get some of our basic policies and can have their grievances lodged online and have the status known.