In 1947, September 12, the oriental insurance company merged in Bombay. The company was a venture of oriental government security assurance company ltd. It holds full power on oriental insurance company. This company was given the opportunity to execute the general insurance business. The company was also under the control of life insurance Corporation of India from 1956 to 1973 that is until the nationalization of general insurance business. General Insurance Corporation owned many shares of oriental insurance company until 2003. After that, all shares were transferred to the central government.
In 1950, Oriental life insurance made a humble and soft entry in their field with a first year premium of Rs. 99,946. They had a well-defined goal on providing good services to their clients. Oriental has its head office situated at Delhi with 26 regional offices and more than 900 operating offices across our country. The oriental company has some overseas operations also. Nepal, Dubai, Kuwait is the main abroad countries, which is selected by the company for their oriental operations. Over 15,000 trustful employees are the major assets of the company. Transparency in operations, highest priority in client’s needs and high standard to public conduct are the values of oriented life insurances company. Oriental Life Insurances Company is keener on providing the best life insurance policies.
They introduced several valuable plans and policies for their customers. They always tried to satisfy their client in every aspect. Every human knows how much precious his life is. Therefore, he ensures the protection for his life and his family member’s life. For fulfilling their needs and giving protection to their life, oriental insurance company brings up some life insurances policies and protection plans. Family life insurance policy ensures a secure life for all the members in family. In India, oriental life insurance company has a place in top ten life insurance companies. They also provide financial securities to individuals, trade and commerce by offering insurance products and are considered as their biggest mission.
Children life insurance policies are the other attraction of the company. They tried to build up a strong generation with good educated children. For that excellent child plans such as education based plans, protection plans for child are introduced by the oriental life insurance company. They provide workshops in important regional centers for promote child education in general insurance. Pension plans, saving plans and retirement plans are the other important plans which provided by the company for their customers. We need to save something for our future. Savings plans demanded by the oriental insurance company help you to build up a good financial secured future.
Every man has his own dreams such as a good education to kids, car and home. He may try hard to fulfill his dreams. While the journey towards the dreams we need a protection against accident demises and critical illness and obviously an external help. Prediction about our upcoming future is not possible by anyone. Therefore, we need to secure our life with protection plans offered by the life insurance companies. You may also access assistance from the official web page www.orientalinsurance.org.in.