The Oriental Insurance Company
Ltd. is an open division non-extra security organization in India. The home
office of the organization is situated in New Delhi with 30 provincial
workplaces and more than 1800 dynamic branches the nation over. The organization
likewise has branches in Nepal, Kuwait, and Dubai. The organization has recorded a gross premium
of Rs. 7282.54 crores in the budgetary year 2013-2014.
History
Oriental
Insurance was fused on 12 September 1947 as a legislature claimed non-disaster
protection company. It was set up as a totally possessed auxiliary of Oriental
Government Security Life assurance c0mpany Ltd. to carry out its parent body's
general protection operations. In 1956,
when protection business was nationalized, Oriental protection turned out to be
a piece of LIC till 1973. After 1973, Oriental Insurance turned into an
auxiliary of General Insurance Corporation of India till 2003 when the
organization was de-connected from the guardian organization and set up as an autonomous
protection company. In 2003, the Union
Government obtained every one of the shares of Oriental Insurance Company Ltd
from General Insurance Corporation of India.
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