October 21, 2014 10:48 AM ET

Insurance

Company Overview of The Oriental Insurance Company Ltd.

Company Overview

The Oriental Insurance Company Ltd. offers general insurance solutions. The company devises and offers insurance covers for projects like power, petrochemical, steel, and chemical plants. The company offers various insurance policies, insurance schemes, and welfare policies to individuals and families, health sector, professionals, offices and businesses, engineering industry, motor vehicle, agriculture, sericulture, poultry, animals and birds, aviation, and marine sectors. It has operations in India; Nepal; Kuwait; and Dubai, the United Arab of Emirates. The company was founded in 1947 and is headquartered in New Delhi, India. The Oriental Insurance Company Ltd. operates as a subsidiary of ...

Oriental House

A-25/27, Asaf Ali Road

New Delhi,  110002

India

Founded in 1947

Phone:

91 11 2327 9221

Fax:

91 11 2326 3175

Key Executives for The Oriental Insurance Company Ltd.

Managing Director and Director
Chief Executive Officer of NEPAL
Principal of Oriental Staff Training College - Faridabad
Chief Vigilance Officer
Company Secretary
Compensation as of Fiscal Year 2014.

The Oriental Insurance Company Ltd. Key Developments

New India Assurance (Mumbai), National Insurance (Kolkata), United India Insurance (Chennai) and Oriental Insurance (New Delhi) Plans To Merge

Employee unions of The New India Assurance Company Limited, National Insurance Company Limited, United India Insurance Co. Ltd. and The Oriental Insurance Company Ltd called for merger of all companies to form a single general insurance. Sharad Jadhav, The New India Assurance Company Limited union President, said," During our meeting with the minister and financial services secretary GS Sandhu, we demanded merger of all the four PSU non-life players to form a monolithic corporation, which shall strengthen our market share and help us serve rural and social sectors better. If all the four PSU non-life insurers join together to form a single monolithic corporation, then we can save our premium income to the tune of Rs 10,000 crore annually which will further help boost our profitability."

The Oriental Insurance Company Ltd. Appoints S. L. Bansal as Director

Oriental Bank Of Commerce announced that Ministry of Finance, Government of India vide notification no. F. No. 11011/8/2009-Ins. IV/II dated December 13, 2012 has appointed Shri S. L. Bansal, Chairman and Managing Director of Oriental Bank of Commerce as Director of Oriental Insurance Company Limited effective from December 13, 2012.

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