The Oriental Insurance Company Ltd



Established on 12th September, 1947, the Oriental Insurance Company Ltd began its operations in Mumbai, India. Firstly, it was a wholly owned subsidiary of Oriental Government Security Life Assurance Company Limited and was formed to carry out General Insurance business. From 1956 to 1973, the company was a subsidiary of Life Insurance Corporation of India before nationalisation of General Insurance Business in India. In 2003, the Central Government. acquired all the shares of Oriental Insurance Company Ltd. from General Insurance Corporation of India.

The goal of the Company was "Service to clients" and achievement thereof was helped by the strong traditions built up overtime. With Headquartered in New Delhi, Oriental has 31 regional offices and more than 1800+ active operating branches across the country. As well as operations in countries such as Nepal, Kuwait and Dubai. It has a total strength of more than 14,000 employees.

The strength of the company lies in its highly trained and motivated work force that covers various disciplines and has vast expertise. Oriental specializes in devising special covers for large projects like power plants, petrochemical, steel and chemical plants. The company has developed various types of insurance covers to cater to the needs of both the urban and rural population of India. The Company has a technically qualified and competent team of professionals to render the best customer service.

Oriental Insurance Product Portfolio

1. Health Insurance:

Oriental Health Insurance plans take care of all your medical emergencies by managing the financial aspect. Once you are sorted financially, you can concentrate on taking care of the well-being of yourself and your family.

2. Individual Mediclaim Insurance Policy:

The Individual Mediclaim Policy is available to any individual between the age of 18 and 80 years for treatment in India. It is a health cover for medical expenses incurred by the insured due to hospitalisation. The hospitalisation may occur due to a sudden illness, an accident or a surgery necessitated by a disease, during the policy period.

3. Family Floater Health Insurance:

The Happy Family Floater Policy is a health insurance policy for the entire family including the insured, his or her spouse, children, parents and parents-in-law. The floater aspect of the policy implies single sum insured for the entire family provided they reside in India. The policy is available as two plans - Silver and Gold. No medical examination is required for persons up to the age of 60 years.

4. Happy Family Floater Insurance Policy:

The Happy Family Floater Policy is a health insurance policy for the entire family including the insured, his or her spouse, children, parents and parents-in-law. The floater aspect of the policy implies single sum insured for the entire family provided they reside in India. The policy is available as two plans - Silver and Gold. No medical examination is required for persons up to the age of 60 years.

5. Group Mediclaim Insurance Policy:

The Group Mediclaim Policy from Oriental Insurance is available to any group, association, institution or a corporate body of more than 50 persons or families, provided it has a central administration point. The policy reimburses reasonable and necessary expenses for hospitalisation expenses for illnesses or diseases contracted or injury sustained by the insured persons during the policy period up to the sum insured.

6. Jan Arogya Insurance Policy:

The Jan Arogya Policy covers reimbursement of expenses incurred on hospitalisation for any illness, diseases or injury. In the event of any claim becoming admissible under the scheme, the insured person is paid an amount equivalent to reasonable expenses that are incurred by or on behalf of the insured person. However, the amount paid should not exceed the sum insured in any one period of insurance.

7. Bank Mediclaim Insurance Policy:

This Oreintal Insurance cover is available to account holders and employees of Oriental Bank of Commerce. The group policy reimburses reasonable and necessary expenses for hospitalisation due to an illness or disease, or an injury sustained by the insured persons during the policy period. The amount paid can be up to the sum insured limit.

8. Health of Privileged Elders (HOPE) Insurance Policy:

The Health of Privileged Elders (HOPE) policy has been exclusively designed for citizens aged 60 years and above. The policy reimburses hospitalisation and/or domiciliary hospitalisation expenses for specified diseases contracted or injuries sustained by the insured persons. The sum insured amounts available are Rs. 1/2/3/4/5 lakh.

9. PNB Oriental Royal Mediclaim Insurance:

The PNB-Oriental Royal Mediclaim Insurance Policy is available to account holders and employees of Punjab National Bank. The policy reimburses reasonable and necessary expenses for due to an illness, disease or injury up to the sum insured limit.

10. Pravasi Bharatiya Bima Yojana (PBBY):

This Oriental insurance scheme is available to all Indian citizens who apply and obtain an emigration clearance required under the Emigrant Act, 1983 (31 of 1983), between the age group of 18 and 60 years while on employment abroad. In case of accidental death or permanent disablement that leads to loss of employment while in employment abroad, a capital sum insured Rs. 10 lakh is paid to the insured or his/her nominee or legal representative.

11. Thana Janta Sahakari Bank Mediplus Insurance Policy:

The Thana Janta Sahakari Bank Mediplus Policy reimburses hospitalisation expenses for illness or diseases contracted, or injury sustained by the insured person. In the case of a claim, the company or the third party administrator (TPA) will pay the hospital or the insured.

Oriental Car Insurance:

You work hard to buy an automobile so as to enjoy the trips and may be to support the business needs. Road accident and theft are the two most common issues that every car owner must take care of. The costs to get the vehicle repaired in the event of damage or replacing it just in case it is stolen can be huge. It offers a comprehensive coverage so that you can ride, stress-free.

The Private Car Package Policy covers

1. Accidental Loss of or damage to the Vehicle
2. Liability to third parties, Personal Accident cover to owner-driver
3. Various Add on Covers on extra premium

Two Wheeler Insurance:

A two-wheeler insurance policy keeps your two-wheeler secured against damages caused by man-made and natural calamities. The cost of two-wheeler insurance is nominal, and can be further reduced if the owner installs anti-theft equipment, like siren and tracker on his/her two-wheeler.

The Package Policy covers

1. Accidental Loss of or damage to the Vehicle
2. Liability to third parties, Personal accident cover to owner driver.
3. Various Add on Covers on extra premium

Commercial Vehicle Insurance:

Anyone who owns a business must have some type of commercial vehicle that must be used to make deliveries. This vehicle, like other vehicles running on the road, must be insured. This is where commercial vehicle policy steps in. There are commercial vehicle insurance policies available to cover vehicles like goods carrying vehicles, passenger carrying vehicles, etc.

The Private Car Package Policy covers

1. Accidental Loss of or damage to the Vehicle
2. Liability to third parties, Personal Accident cover to owner-driver
3. Various Add on Covers on extra premium

Oriental Travel Insurance:

Oriental travel insurance policies become a great companion for you on your holidays, business trips or visits and help in safeguarding the dilemma of lost baggage on the way.

1. Overseas Mediclaim Business and Holiday Insurance Policy

This Oriental Insurance policy provides indemnity for expenses incurred on treatment for illnesses or injury suffered during overseas travel. The condition must an emergency and should require immediate treatment. The plan covers Indian residents undertaking bonafide trips abroad for business and official reasons or for holidays. The sum insured ranges from Rs. 50000 to Rs. 500000.

2. Overseas Mediclaim Employment and Study Insurance Policy

This Oriental Insurance policy provides indemnity for expenses incurred on medical treatment for illnesses or injuries that happen during overseas travel for employment or study. The minimum period of cover is of 2 months, and a maximum of 12 months. The sum insured is $75000. The policy can be renewed if required. The premium has to be paid in US dollars, irrespective of the country being visited.

Oriental Home Insurance:

Buying a home is probably one of the biggest investments you have ever made in your life. Therefore, it is your responsibility to protect it from unpredictable damages including natural or manmade disasters. Home insurance gives an all-encompassing protection for your dream home. A comprehensive home insurance policy also covers the content of a house.

Oriental Personal Accident Insurance:

Accidents are unforeseen. Such mishaps not only affect a person physically but the impact can also be felt on the emotional and financial grounds. Hence, it becomes important to ensure the financial stability of your family by buying a good personal accident policy. The policy covers death of individual and physical injuries.

1. Gramin Accident Insurance:

We all in our day to day life are exposed to the risks of accidents. Despite all possible precautions accidents do occur. This may result into disablement or loss of limbs or sight in eyes or sometimes even death. To cater to this need this cover is devised for any person between the age group of 10 to 70 years irrespective of his occupation, income, etc.

2. Jan Arogya Bima:

The Jan Arogya Bima policy is available to persons between the age of 5 and 70 years and provides for hospitalisation and domiciliary hospitalisation expenses for a premium as low as Rs. 70 for an adult individual and Rs. 50 for each dependent child not exceeding 25 years of age. Benefits are offered up to Rs. 5000 per person per annum without any sub-limits.

3. Janata Personal Accident Insurance Policy:

Any person irrespective of sex, occupation and profession in the age group of 10 to 80 years may be covered under JANATA PERSONAL ACCIDENT POLICY. The Janata Personal Accident Policy provides compensation to the insured or his/her family in the event of death, permanent disablement, loss of limbs or loss of eyesight due to an accident.

4. Nagrik Suraksha Insurance Policy:

The policy is available only to the citizen of India. The Nagrik Suraksha Policy is an accidental insurance that provides compensation for accidental injuries and/or reimburses hospital expenses incurred due to the accidental injuries. The policy offers Personal Accident cover (Death/Permanent Total Disablement ,Loss of Limb(s) & Permanent Partial Disablement) and reimbursement of Hospitalization Expenses as specified under the schedule of insurance of the policy

5. Group Personal Accident Insurance Policy:

This Oriental Insurance policy provides compensation if one of the persons in the insured group sustains injuries, solely and directly because of an accident caused due to a visible act of violence and results in death, or temporary or permanent disablement.

6. Personal Accident Insurance Policy(Individual):

Despite all possible precautions accidents do occur which may result into disablement or loss of limbs or sometimes even death. This policy provides compensation in the event of insured sustaining injuries, solely and directly from an accident caused by violent, visible and external means, resulting into death or disablement be it temporary or permanent.

Professionals Insurance Policies:

The liability policies from Oriental Insurance protects the insured against any liability that may arise in the natural course of their business

  • Directors And Officers Liability Policy
  • Professional Indemnity Errors & Omissions Insurance For Chartered Accountants/Financial Accountants/Management Consultants/ Lawyers/ Advocates/ Solicitors/Counsels
  • Professional Indemnity Errors & Omissions Insurance Policy for Consulting Engineers/Architects & Interior Decorators
  • Professional Indemnity Policy For Doctors And Medical Practitioners
  • Professional Negligence Errors and Omissions Insurance Policy For Medical Establishments
  • Sports Insurance Policy
  • Stock Brokers Indemnity Insurance Policy

Oriental Business Office/Traders/Multi Peril Policies

Oriental Insurance provides various commercial insurance policies meant to protect the trading community

  • Electronic Equipment Insurance Policy
  • Fidelity Guarantee Policy - Floating Group
  • Fidelity Guarantee Policy - Individual Named
  • Money Insurance Policy
  • Multi Peril Policy For LP Gas Dealers
  • Neon Sign Policy
  • Office Umbrella Policy
  • Plate Glass Insurance Policy
  • Policy For Jewellers' Block Insurance
  • Shopkeeper's Insurance Policy

Oriental Engineering/Industry Policies:

Oriental Insurance offers various policies for the engineering/industry sector.

  • Advance Loss Of Profit (Following Erection All Risks)
  • All Risks Insurance
  • Contractor's All Risk Insurance Policy
  • Employers Liability Insurance
  • Engineering Insurance
  • Industrial All Risk Insurance Policy
  • Liability Insurance Policy ( Under Public Liability Insurance Act 1991)
  • Machinery Breakdown Insurance Policy
  • Machinery Insurance Policy
  • Machinery Loss Of Profit Insurance Policy (Out-Put Basis)
  • Product Liability Policy
  • Standard Fire and Special Perils Policy (Material Damage)

Oriental Agriculture/Sericulture/Poultry Insurance Policies

Oriental Insurance has a range of general insurance policies for farmers, fishermen, horticulturalists, apiarists and various other people plying their trade in rural markets

  • Animal Driven Cart / Tanga Insurance
  • Apple Insurance (Input) Policy
  • Aquaculture (Shrimp/Prawn) Insurance Policy
  • Beetlevine Insurance (Input Policy)
  • Coconut Palm Insurance Policy
  • Failed Well Insurance
  • Honey Bee Insurance Scheme
  • Hut Insurance
  • Inland Fresh Water Fish (Embankments) Insurance
  • Insurance of Biogas Plant (Gobargas)
  • Khalihan Insurance Package Policy
  • Kissan Package Insurance
  • Package Insurance for Tribals
  • Plantation/HortiCulture (Input) Policy
  • Policy for Insurance of Fish in ponds (Fresh Water)
  • Policy for Kisan Agricultural Pumpset Insurance Scheme
  • Poultry Insurance
  • Rose Plantation Insurance
  • Sericulture (Silkworm) Insurance

Oriental Animals/Birds General Insurance Policies:

These Oriental Insurance policies cover animals owned by people or businesses and kept either for commercial purposes or for personal reasons

  • Calf/Heifers Rearing Insurance Scheme
  • Camel Insurance
  • Cattle Insurance
  • Dog Insurance
  • Duck Insurance Scheme
  • Elephant Insurance
  • Foetus (Unborn Calf) Insurance Scheme
  • Horse/Yak/Mule/Pony/Donkey Insurance
  • Pig Insurance
  • Rabbit Insurance
  • Sheep And Goat Insurance Policy

Oriental Aviation Policies

The aviation from Oriental Insurance provide the necessary cover to the aviation industries

  • Aircraft Hull and Spares All Risks Aviation Liability Insurance (Airlines)
  • Aircraft Hull/Liability Insurance Policy
  • Aviation Fuelling/Refuelling Liability Insurance Policy
  • Aviation Personnel Accident (Crew Members)
  • Loss of License Insurance

Oriental Marine Policies

The marine policies from Oriental Insurance provide the necessary cover to the shipping industries

  • Hull War and Allied Peril Policy