Compare The Oriental Insurance Plans

The-Oriental-Insurance-Company

The Oriental Insurance Company

Headquartered in New Delhi, it is a public sector, non-life insurance company. With 30 regional offices and more than 1800 active branches across the country, it has also established its reach in Nepal, Kuwait, and Dubai.
Previously linked with companies like LIC and General Insurance Corporation of India, it now works under the aegis of the Government of India. Employing over 1400 employees under its patronage, it has emerged as one of the leading insurance providers.

Keeping the standards of professional ethics and public conducts in its soul, it creates dedicated, sensitized and professional personnel who efficiently execute their roles. It customizes its insurance covers and caters to both rural and urban population. It intends to be the utmost preferred and respected non-life insurer in its market.

Features of the Company

  • It has integrated Non-Life Insurance Application Software in all its branches to enhance customer services
  • It believes in carrying out nosiness in the manner that is sustainable- economically and socially
  • It carries out social activities for the development and welfare of the community
  • From time to time, it initiates programs that are beneficial for the community and result in enhancing the quality of life of the people
  • It is consistently working to cater the diverse needs of investment requirement of the people
  • It believes in keeping the business operations transparent
  • It ensures clarity in claim process and policy documents
  • It provides complete information related to its products and services
  • It believes in dealing with the grievance of the customer in a sympathetic and quick manner
  • In order to offer new insurance covers, it responds to all general insurance needs that are commercially viable
  • It provides customized and inexpensive insurance plan to rural and weak segments of the society

Company’s Performance and Awards Received

  • Gross Premium of Rs. 7282.54 crore
  • Premium incurred from international operations is Rs. 153.97 crore
  • Gross Direct Premium registered a growth of 3.83%
  • Net Premium Income aggregated to Rs. 6472.39 crore showing a growth of 1.42%
  • Net Premium incurred from Foreign operations led to the total surplus of 1.29 crores
  • Retains a solvency margin of 1.68
  • Considered as “Best General Insurance- Public” in the very first version of CNBC TV18 Financial Institution and Best Bank Awards in 2011, presented by MCX
  • Top rated by CRISIL and ICRA – These are 2 of India’s chief credit rating institutions
  • Rated as B++ (Very Good) by AM Best- a reputed international rating agency

Products Offered Under Its Umbrella

It offers one of the widest ranges in policies covering everything- from a simple health insurance policy to massive projects like power, steel, petroleum, etc. Here is an overview of all the plans and schemes provided by it:

  • Health Insurance Policies:
  • Oriental Health Insurance: This plan covers all your medical emergencies and manages its financial aspects, so you can concentrate on other important things in your life.
  • Oriental Individual Mediclaim Insurance Policy: This policy is available for any individual between 18 and 80 years of age for treatment in India. It covers the medical expenses in case of hospitalization which may occur due to sudden illness, a major or minor operation or an accident during the policy period.
  • Oriental Family Floater Health Insurance: This policy provides coverage for the entire family insuring the single sum for the entire family. It comes as two plans- silver and gold and requires no medical examination for the persons up to the age of 60 years.
  • Oriental Group Mediclaim Insurance Policy: This policy is accessible to any association, group, institution or a corporate body of more than 50 persons or families.
  • Oriental Bank Mediclaim Insurance Policy: This policy is available to the account holders and employees of Oriental Bank of Commerce.
  • Oriental Health of Privileged Elders (HOPE) Insurance Policy: This plan has been designed exclusively for senior citizens, i.e., aged 60 and above. It reimburses hospitalization expenses for specified diseases or injuries sustained by the insured person.
  • Oriental Pravasi Bharatiya Bima Yojana: This policy is accessible to all citizens of India who have obtained emigration clearance under Emigration Act, 1983.
  • Oriental Thana Janta Sahakari Bank Mediplus Insurance Policy
  • Oriental Car Insurance Policy: This policy offers comprehensive coverage of car against road accidents and thefts.
  • Oriental Two-wheeler Insurance: It secures the two-wheeler against any and every damage caused by natural calamities or man-made troubles.
  • Oriental Commercial Vehicle Insurance: This policy covers the commercial vehicles owned in a business and carry goods, passengers, etc.
  • Oriental Travel Insurance:
  • Oriental Overseas Mediclaim Business and Holiday Insurance Policy: This policy covers you against any unforeseen accidents, illness or injury suffered during your overseas travel- no matter if it’s a holiday or a business trip.
  • Oriental Overseas Mediclaim Employment and Study Insurance Policy: This is specifically designed for the people studying or working abroad and protects them against any unforeseen incidents causing trouble.
  • Oriental Home Insurance: This policy covers your house against any unpredictable damages caused due to natural or man-made disasters. It also encompasses the contents of the house under its protection.
  • Oriental Personal Accident Insurance: The schemes under this policy provide a cover against any unanticipated accidents which might result in temporary or permanent disablement of a body part or in case of death.
  • Oriental Personal Accident:
  • Oriental Gramin Accident Insurance
  • Oriental Jan Arogya Bima
  • Oriental Janta Personal Accident Insurance Policy
  • Oriental Nagrik Suraksha Insurance Policy
  • Oriental Group Personal Accident Insurance Policy
  • Oriental Personal Accident Insurance Policy (Individual)
  • Oriental Liability Insurance Policies: This plan covers the people from any liability that might arise in course of their business.
  • Oriental Business Office/Multi-Peril Policies/Traders: The policies under this plan are constructed to provide cover to the trading community against various unforeseen events.

Some other policies crafted to suit the needs of people are:

  • Oriental Engineering/Industry Policy
  • Oriental Agriculture/Poultry/Sericulture Insurance Policy
  • Oriental Birds/Animals General Insurance Policy
  • Oriental Aviation and Marine Policies
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