May 24, 2016 12:31 PM ET

Insurance

Company Overview of The Oriental Insurance Company Limited

Company Overview

The Oriental Insurance Company Limited offers general insurance services in India and internationally. It offers policies for motor insurance, personal accident, individual mediclaim, overseas mediclaim, shopkeepers, householders, family floater, and others. The company offers its products through marketing and development officers, direct agents, brokers, and bancassurance partners, as well as online. The Oriental Insurance Company Limited was incorporated in 1947 and is headquartered in New Delhi, India. The Oriental Insurance Company Limited operates as a subsidiary of General Insurance Corporation of India.

Oriental House

A-25/27, Asaf Ali Road

New Delhi,  110002

India

Founded in 1947

Phone:

91 11 4365 9595

Key Executives for The Oriental Insurance Company Limited

Chairman and Managing Director
Age: 59
Chief Financial Officer and General Manager
Chief Executive Officer of NEPAL
Principal of Oriental Staff Training College - Faridabad
Chief Vigilance Officer
Compensation as of Fiscal Year 2015.

The Oriental Insurance Company Limited Key Developments

IPO For Five Insurance Companies Soon

The government has started the process to list five public sector general insurance companies. The companies include The Oriental Insurance Company Limited, The New India Assurance Co. Ltd., United India Insurance Co. Ltd., National Insurance Company Limited and General Insurance Corporation of India. A formal communication from the government has instructed these companies to move a board resolution to list their companies on the stock exchanges to mop up around INR 100 billion to INR 150 billion from the listing. "We have passed the resolution in our last board meeting. It needs to be approved by the government. It may take eight to nine months before the entire process is completed to go for an IPO,'' said G Srinivasan, Chief managing Director New India Assurance

Government Plans IPO Of Four Insurance Companies

The government of India plans to list four entities by reportedly selling around 10% stake in National Insurance Company Limited, United India Insurance Co. Ltd., The New India Assurance Co. Ltd., and The Oriental Insurance Company Limited.

Government To List Four Entities

The government of India plans to list four entities. In Budget 2016-17, Finance Minister Arun Jaitley had announced plans for the listing of the four government-run general insurance companies which are The New India Assurance Co. Ltd., National Insurance Company Limited, United India Insurance Co. Ltd. and The Oriental Insurance Company Limited.

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