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Oriental insurance - Overseas Travel, Health Medicalim, Home insuranceThe Oriental Insurance Company Ltd. was incorporated at Mumbai on 12th September 1947 and 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 were transferred to the Central Government.
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 with its Head Office at New Delhi has 29 Regional Offices and nearly 1800+ operating offices in various cities of the country. The Company has overseas operations in Nepal, Kuwait and Dubai and has a total strength of around 13500 employees. From less than a lakh at its inception, the gross premium went up to Rs.58 crores in 1973 and at the end of the year 2018-19 the premium figure stood at Rs.13199 crores.
Oriental Insurance offers best India health insurance to the insured with the option of availing quality treatment at more than 4300+ leading hospitals across the country. They have an incurred claims ratio of 108.00%, and also covered 303.25 lac lives during the same year 2018-19, as per the data provided by IRDAI.
Oriental health insurance family floater policy is issued for a period of one year and it offers two plans :
Oriental Overseas Travel Mediclaim Insurance is available to Indian Citizen between 6 months and 70 years of age who are undertaking bonafide trips outside India which will not involve any form of manual work and do not exceed 180 days duration unless specifically extended.
The overseas mediclaim policy provides indemnity for expenses necessarily incurred for immediate treatment of illness, diseasescontracted or injury first sustained (during the period of insurance of overseas travel subject to policy terms and conditions.) and in addition also personal accident, total loss of checked baggage, delay of checked baggage, loss of passport and personal liability covers. (during the period of insurance of overseas travel subject to policy terms and conditions.)
Know more »The House holder's Insurance Policy is a comprehensive shelter that protects your house and the various contents in it against a variety of risks. It is a single policy that takes care of a number of contingencies. The policy is divided into 10 sections. Sec 1(B) and a minimum of any 2 other sections are compulsory.