May 24, 2018 6:18 PM ET

Insurance

Company Overview of The Oriental Insurance Company Limited

Company Overview

The Oriental Insurance Company Limited offers general insurance services in India, Nepal, Kuwait, and Dubai. The company offers motor, personal accident, shopkeepers, householders, death/permanent disablement, health, professionals, business offices/traders/multiperils, engineering/industry, agriculture/sericulture/poultry, animals/birds, aviation, and marine insurance policies. It is also involved in the reinsurance operations. The company provides its products through various channels, including agents, brokers, and corporate agents, as well as online. It operates a network of 31 regional offices and approximately 1,800 operating offices. The company was incorporated in 1947 and is headqua...

Oriental House

A-25/27, Asaf Ali Road

New Delhi,  110002

India

Founded in 1947

13,411 Employees

Phone:

91 11 2328 7204

Fax:

91 11 2328 7204

Key Executives for The Oriental Insurance Company Limited

Chief Financial Officer
Chief Vigilance Officer & General Manager
Deputy GM & Company Secretary
General Manager
Compensation as of Fiscal Year 2017.

The Oriental Insurance Company Limited Key Developments

Government To Merge Three General Insurance Companies

The government's plan to merge the three unlisted public sector general insurance companies, National Insurance Company, United India Insurance Company and Oriental Insurance Company to form single insurance entity. The three PSGICs, which along with New India Assurance received Cabinet approval in January 2017 to get listed on the stock exchanges, had initiated the process of tapping the capital markets.

Oriental Insurance Company Limited Appoints AV Girija Kumar as Chairman-Cum-Managing Director

AV Girija Kumar has been appointed as Chairman-cum-Managing Director in Oriental Insurance Company Limited (OICL). He was earlier working as General Manager in United India Insurance Company Limited (UIICL).

India Eyes IPOs For Five Insurers

Government of India could launch IPOs for up to five state owned insurers this year. In its budget published last week the Indian government said it would sell up to 25% stakes in state-owned General Insurance Corporation of India; The Oriental Insurance Company Limited; The New India Assurance Co. Ltd.; United India Insurance Co. Ltd. and National Insurance Company Limited; in the financial year starting in April. Bankers expect the sales, which could raise as much as $1.6 billion (£1.3 billion), to happen by the end of this year. India's cabinet approved the sales in January, and the government plans to cut their stakes in the insurers to around 75% from 100%. The Indian government is expected to appoint banking advisors within the next couple of months.

Recent Private Companies Transactions

Type
Date
Target
No transactions available in the past 12 months.
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