17-05-2013, 04:55 PM
Oriental Insurance Company
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History
•Oriental Insurance Company Ltd came into existence on 12th of September 1947 in Bombay.
•A completely owned subsidiary of the Oriental Government Security Life Assurance Company Ltd, the company was brought to existence for carrying out General Insurance business.
•From the years 1956 to 1973, the company was a Life Insurance Corporation of India subsidiary.
In the year 2003 all the shares of the company that was originally held by General Insurance Corporation of India was transferred to the Central Government.
Oriental Insurance has its head Office located at New Delhi. It consists of 30 Regional Offices and more than 900 operating Offices situated in different cities in India.
The Company also has overseas operations operating in Nepal, Kuwait and Dubai.
Mission
To contribute to the socio economic objectives of the nation by being a vibrant and viable organization catering to the growing insurance needs of the community.
Towards this end we will strive for effective management of business operations.
Visions
To be the most respected & preferred non life insurer in
the markets we operate
Features
This is a Health Insurance Policy.
Floater‐Implies single Sum Insured for entire family.
Family includes‐Self , Spouse, Children, Parents and
Parents in laws.
Available in two plans‐Silver and Gold.
Education policies
In the event of death or permanent total disablement of the Insured due to accident , the Policy shall also provide compensation towards education fund for the dependent children.
If the Insured Person has one dependant child below the age of 23 years on the date of accident , an amount equal to 10% of original Sum Insured as specified in the PA section of the policy subject to maximum of Rs.5,000
And insured person has more than one dependant child
Below age of 23 years policy subject maximum of Rs. 10,000.