The Oriental Insurance Company Ltd. was established in Mumbai in 1947. The Company 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 became subsidiary of Life Insurance Corporation of India from 1956 to 1973. In 2003, all shares that were at the time, held by the General Insurance Corporation of India were transferred to the Central Government.
Nowadays, Oriental Insurance Company has operations in Nepal, Kuwait and Dubai with over 13,500 employees.
Oriental have a market niche, as they specialise in providing unique cover projects such as power plants, petrochemical, steel and chemical plants. However, in the UAE the company is more known for providing motor insurance.
Oriental Insurance has remains highly reputable due to its highly trained and motivated work force. The employees at Oriental have a vast knowledge that covers a widespread of insurance topics and offer some of the best customer service in the market.