The Oriental Insurance Company - Revision history

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	\| native_name_lang = <!-- Use ISO 639-1 code, e.g. "fr" for French. For multiple names in different languages, use {{lang\|[code]\|[name]}}. -->		\| native_name_lang = <!-- Use ISO 639-1 code, e.g. "fr" for French. For multiple names in different languages, use {{lang\|[code]\|[name]}}. -->
	\| former_name =		\| former_name =
	\| type = [[Government of India\|~~Government owned~~]]		\| type = [[Government of India\|Nationalised Insurance Company]]
	\| industry = [[Insurance]]		\| industry = [[Insurance]]
	\| founded = {{Start date and age\|df=yes\|1947\|09\|12}} in [[Mumbai]], [[India]]		\| founded = {{Start date and age\|df=yes\|1947\|09\|12}} in [[Mumbai]], [[India]]
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	\| equity =		\| equity =
	\| owner = [[Government of India]] (100%)		\| owner = [[Government of India]] (100%)
	\| parent = [[Ministry of Finance]] , [[Government of India]]		\| parent = [[Ministry of Finance (India)\|Ministry of Finance]] , [[Government of India]]
	\| website = {{URL\|www.orientalinsurance.org.in/}}		\| website = {{URL\|www.orientalinsurance.org.in/}}
	\| num_employees = 12,544 (March 2019) <ref name="Balance Sheet 2019"/>		\| num_employees = 12,544 (March 2019) <ref name="Balance Sheet 2019"/>
	}}		}}
	'''The Oriental Insurance Company Ltd.''' is an Indian [[Government of India\|~~government owned]]~~ general insurance company. The headquarter of the company is located in [[New Delhi]]. It has 31 regional offices and more than 1800 active branches across the country. The company also has branches in [[Nepal]], [[Kuwait]], and [[Dubai]]. The company had recorded a gross premium of Rs. {{INR\|7,282.54 crores}} in the financial year 2013-2014. For the Financial year 2016-17, the Company procured a global premium of {{INR\|11,100 crores}}.<ref>https://www.irdai.gov.in/ADMINCMS/cms/frmGeneral_List.aspx?DF=MBFN&mid=3.2.8</ref> The Company offers more than 170 General Insurance products. The IRDA Registration No. of the Company is "556".<ref>https://orientalinsurance.org.in/</ref>		'''The Oriental Insurance Company Ltd.''' is an Indian [[Government of India\|nationalised general insurance company]]. It is under the [[ownership]] of [[Ministry of Finance (India)\|Ministry of Finance]], [[Government of India]]. The headquarter of the company is located in [[New Delhi]]. It has 31 regional offices and more than 1800 active branches across the country. The company also has branches in [[Nepal]], [[Kuwait]], and [[Dubai]]. The company had recorded a gross premium of Rs. {{INR\|7,282.54 crores}} in the financial year 2013-2014. For the Financial year 2016-17, the Company procured a global premium of {{INR\|11,100 crores}}.<ref>https://www.irdai.gov.in/ADMINCMS/cms/frmGeneral_List.aspx?DF=MBFN&mid=3.2.8</ref> The Company offers more than 170 General Insurance products. The IRDA Registration No. of the Company is "556".<ref>https://orientalinsurance.org.in/</ref>

	==History==		==History==
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	~~{{en-Wikipedia}}~~

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{{Use dmy dates|date=July 2019}}
{{Infobox company
| name = The Oriental Insurance Co. Ltd.
| logo = The Oriental Insurance Company Logo.svg
| logo_size = 250px
| logo_padding =
| logo_alt =
| logo_caption =
| image =
| image_size =
| image_alt =
| image_caption =
| native_name =
| native_name_lang = 
| former_name =
| type = [[Government of India|Government owned]]
| industry = [[Insurance]]
| founded = {{Start date and age|df=yes|1947|09|12}} in [[Mumbai]], [[India]]
| founder = 
| hq_location =
| hq_location_city = [[New Delhi]]
| hq_location_country = India
| area_served = 
| key_people = SN Rajeshwari <br />{{small|([[Chairman]] & [[Managing Director|MD]])}}
| products = [[General insurance]] <br /> [[Health insurance]]
| brands =
| services =
| revenue = {{decrease}}{{INRConvert|-413.86|c}} (2019) <ref name="Balance Sheet 2019">[https://orientalinsurance.org.in/documents/10182/26815/Oriental+AR+2018-19+Hindi+for+web.pdf/3c2fc47e-0fcd-dc81-e0b6-26fc94a2f6f4 "Balance Sheet 31.03.2019"].</ref>
| operating_income = {{decrease}}{{INRConvert|-428.99|c}} (2019)<ref name="Balance Sheet 2019"/>
| profit = {{decrease}}{{INRConvert|-290.90|c}} (2019)<ref name="Balance Sheet 2019"/>
| assets = {{decrease}}{{INRConvert|11581.63|c}} (2019)<ref name="Balance Sheet 2019"/>
| equity =
| owner = [[Government of India]] (100%)
| parent = [[Ministry of Finance]] , [[Government of India]]
| website = {{URL|www.orientalinsurance.org.in/}}
| num_employees = 12,544 (March 2019) <ref name="Balance Sheet 2019"/>
}}
'''The Oriental Insurance Company Ltd.''' is an Indian [[Government of India|government owned]] general insurance company. The headquarter of the company is located in [[New Delhi]]. It has 31 regional offices and more than 1800 active branches across the country. The company also has branches in [[Nepal]], [[Kuwait]], and [[Dubai]]. The company had recorded a gross premium of Rs. {{INR|7,282.54 crores}} in the financial year 2013-2014. For the Financial year 2016-17, the Company procured a global premium of {{INR|11,100 crores}}.<ref>https://www.irdai.gov.in/ADMINCMS/cms/frmGeneral_List.aspx?DF=MBFN&mid=3.2.8</ref> The Company offers more than 170 General Insurance products. The IRDA Registration No. of the Company is "556".<ref>https://orientalinsurance.org.in/</ref>

==History==
Oriental Insurance was incorporated on 12 September 1947 as a government-owned non-life insurance company.<ref>{{cite AV media | url=http://zeenews.india.com/news/videos/top-stories/oriental-insurance-company-celebrates-67th-foundation-day_1469244.html | title=Oriental Insurance Company celebrates 67th Foundation Day | publisher=Zee News | date=13 September 2014 | people=A K Saxena | location=New Delhi}}</ref> It was established as a completely owned subsidiary of Oriental Government Security Life Assurance Company Ltd. to execute its parent body's general insurance operations.<ref>{{cite web | url=http://business.mapsofindia.com/india-company/o/oriental-insurance-company-ltd.html | title=Oriental Insurance Company Ltd | publisher=Business Maps of India | accessdate=15 May 2015}}</ref> In 1956, when insurance business was nationalized, Oriental insurance became part of [[Life Insurance Corporation]] till 1973. After 1973, Oriental Insurance became a subsidiary of [[General Insurance Corporation of India]] till 2003 when the company was de-linked from the parent company and set up as an independent insurance company.{{Citation needed|date=September 2017}} In 2003, the Union Government acquired all the shares of Oriental Insurance Company Ltd from General Insurance Corporation of India.{{Citation needed|date=September 2017}}
{{portal|companies}} On the 2nd of February 2018, the [[Government of India]] announced the merger of the Oriental Insurance with [[National Insurance Company Limited]] and [[United India Insurance Company]].<ref>http://www.moneycontrol.com/news/business/economy/budget-2018-merging-3-psu-general-insurers-is-prudent-says-national-insurance-cmd-2497271.html</ref>

==References==
{{reflist}}
{{Insurance in India}}

{{DEFAULTSORT:Oriental Insurance Company, The}}
[[Category:Financial services companies established in 1947]]
[[Category:General insurance companies of India]]
[[Category:Government-owned insurance companies of India]]
[[Category:Companies nationalised by the Government of India]]
[[Category:Indian brands]]

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The Oriental Insurance Company - Revision history

106.197.14.188 at 07:28, 25 August 2021

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