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| Franchise | https://www.orientalinsurance.org.in/web/guest/contact-us?isSelected=contactUs&isRefresh=true |
Important Notes
No details found.Registered Office
Address : Oriental House, A-25/27, Asaf Ali Road, New Delhi - 110002
Phone NUmber : 011-43659595
Toll Free Number : 1800118485
Non-Toll Free Number : 011- 33208485
Email Address : [email protected]
Profile
The Oriental Insurance Company Ltd was incorporated at Bombay on 12th September 1947. 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 their company held by the General Insurance Corporation of India have been transferred to Central Government.
The Company is a pioneer in laying down systems for smooth and orderly conduct of the business. The strength of the company lies in its highly trained and motivated work force that covers various disciplines and has vast expertise. Oriental specializes in devising special covers for large projects like power plants, petrochemical, steel and chemical plants. The company has developed various types of insurance covers to cater to the needs of both the urban and rural population of India. The Company has a technically qualified and competent team of professionals to render the best customer service.
Oriental Insurance made a modest beginning with a first year premium of Rs.99,946 in 1950. The goal of the Company was “Service to clients” and achievement thereof was helped by the strong traditions built up overtime.
ORIENTAL with its head Office at New Delhi has 31 Regional Offices and nearly 1800+ operating Offices in various cities of the country. The Company has overseas operations in Nepal, Kuwait and Dubai. The Company has a total strength of around 14,000+ employees. From less than a lakh at inception, the Gross Premium went up to Rs. 58 crores in 1973 and during 2015-16 the figure stood at a mammoth Rs. 8611 crores.
Corporate Vision
To be the most respected & preferred Non-Life Insurer in the markets they operate.
Corporate Objectives
- Act as a financially sound corporate entity with high business ethics
- Implement best human resource development practices to build a highly efficient, dedicated and motivated workforce with high morale and moral values
- Optimally utilize the information technology infrastructure
- Provide excellent customer service
- Run the business profitably through prudent underwriting and efficient & proper claim management
- Effectively manage their reinsurance operations
- Effectively manage their investments for optimising yield
- Have effective risk management systems
- Improve the penetration of non-life insurance by proper underwriting, innovation & marketing
- To evolve as a vibrant & dynamic leading non-life insurer
Management
Oriental Insurance is a professionally managed independent Board-run Company. Illustrious personalities like Shri T.A.Pai ( who later became Cabinet Minister in the Union Government ), Shri K. R. Puri, who rose to be the Governor of RBI and Shri B.D.Pande (who later became the Governor of West Bengal) were among their past Chairmen. The Board of Directors of their Company includes eminent personalities in various fields.
CSR
For The Oriental Insurance Company Limited, Corporate Social Responsibility philosophy is delineating its responsibility as a Corporate Citizen and laying down the guidelines and mechanism for undertaking socially useful programmes for welfare & sustainable development of the community.
The Vision for CSR is that ORIENTAL INSUARANCE, in its role as a socially responsible corporate citizen will endeavor to participate in programmes that benefit the society at large and also those who need special assistance.
The objective of ORIENTAL INSURANCE for CSR is to operate its business in an economically, socially & environmentally sustainable manner, to directly or indirectly take up programmes that benefit the community, enhance the quality of life for people for whom the specific programme is designed, to create community goodwill and enhance its socially responsible image.
