Oriental Insurance is a public sector general insurance company that has been providing insurance solutions to Indian citizens since 1947. With a wide range of insurance products and services, Oriental Insurance has established itself as a trustworthy and reliable insurer in the country.
History and Background of Oriental Insurance
Oriental Insurance was established in 1947 as a government-owned insurance company. The company started its operations with a single office in Delhi and gradually expanded its reach across the country. Today, Oriental Insurance has a strong presence in the Indian insurance market, with a network of over 1,800 offices and 16,000 employees.
In 2003, Oriental Insurance entered into a joint venture with the largest insurance company in the world, General Insurance Corporation of India (GIC Re), to provide insurance solutions in the Middle East and North Africa (MENA) region.
Products and Services Offered by Oriental Insurance
Oriental Insurance offers a wide range of insurance products and services to cater to the diverse needs of its customers. Some of the popular insurance products offered by the company include:
- Health Insurance: Oriental Insurance offers a range of health insurance plans, including individual health insurance, family floater health insurance, senior citizen health insurance, and critical illness insurance. These plans cover a range of medical expenses, including hospitalization expenses, medical tests, ambulance charges, and more.
- Motor Insurance: The company offers two types of motor insurance policies, namely third-party liability insurance and comprehensive insurance. These policies cover a range of expenses related to accidents, including third-party damages, own vehicle damages, and personal injury.
- Personal Accident Insurance: Oriental Insurance provides personal accident insurance that covers accidental death, permanent total disability, and temporary total disability.
- Travel Insurance: The company offers travel insurance that covers medical expenses, trip cancellation, loss of baggage, and more.
- Home Insurance: Oriental Insurance provides home insurance that covers damages to the structure of the house and its contents.
- Marine Insurance: The company offers marine insurance that covers damages to ships and cargo during transit.
In addition to its insurance products, Oriental Insurance also provides value-added services to its customers, including cashless hospitalization, online policy renewal and purchase, 24×7 customer support, and more.
Why Choose Oriental Insurance?
There are several reasons why Oriental Insurance is a popular choice among Indian citizens for their insurance needs. Some of the key advantages of choosing Oriental Insurance include:
- Wide Network: With over 1,800 offices across the country, Oriental Insurance has a strong presence in the Indian insurance market. This makes it easy for customers to avail of insurance products and services in their local area.
- Competitive Premiums: Oriental Insurance offers insurance products at competitive premiums, making it affordable for customers to protect themselves against unforeseen events.
- Comprehensive Coverage: The company’s insurance products offer comprehensive coverage against a range of risks, including medical expenses, accidents, natural disasters, and more.
- Value-added Services: Oriental Insurance provides value-added services like cashless hospitalization, online policy renewal and purchase, and 24×7 customer support, making it easy for customers to manage their insurance policies.
- Strong Track Record: Oriental Insurance has a strong track record in the insurance industry and has received numerous awards and recognitions for its excellence in customer service and claims settlement.
In conclusion, Oriental Insurance is a reliable and trustworthy insurance provider in India that offers a wide range of insurance products and services. With a strong network of offices, competitive premiums, comprehensive coverage, and value-added services, Oriental Insurance has established itself as a preferred choice among Indian citizens for their insurance needs. Whether you are looking for health insurance, motor insurance, travel insurance, or any other insurance product, Oriental Insurance has got you covered.
1 thought on “What is Oriental Insurance, Know about Oriental Insurance”