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The Oriental Insurance Company Limited

The Oriental Insurance Company Limited (OICL) was founded in Mumbai on 12th September 1947 as a government-owned general insurance company. OICL was a completely owned subsidiary of the Oriental Government Security Life Assurance Company Ltd. During the year 1956 to 1973, the company became part of Life Insurance Corporation of India. From the year 1973 to 2003, OICL became a subsidiary of General Insurance Corporation of India. In 2003, the shares held by General Insurance Corporation of India were acquired by the Central Government and was set up as an independent insurance company.


The company is a leader in implementing systems towards the smooth conduct of the business. Professionally qualified, well trained and motivated workforce is the strength of the company. The Oriental Insurance Company provides, special covers to mega projects including steel plants, power, and petrochemical plants. The company is also engaged in providing insurance covers to both the urban and rural masses of India. Oriental Insurance Company started the business with its first year premium of Rs.99,946 in the year 1950. The company’s aim was to ‘Service to clients’ and has become successful in building strong traditions. Headquartered at New Delhi, The Oriental Insurance Company has wide presence throughout the country with 31 Regional Offices and over 1800 operating Offices. The Company has been running its business operations in Dubai, Kuwait, and Nepal. It has over 14,000 employees to serve its customers.

List of Plans

Key People

  • Dr. A. K. Saxena
    Chairman-cum-Managing Director
  • Shri Rakesh Kumar
    Chief Vigilance Officer
  • Shri Nikhil Gupta
    Appointed Actuary


Nov 05, 2015
03:00 PM

RBI building that caught fire covered by insurance

The Reserve Bank of India has a fire insurance policy for its properties, including the building in Bandra-Kurla Complex where a fire broke out at around 8.30 am on Friday. 


Registered Office Address

The Oriental Insurance Company Limited

  • The Oriental Insurance Company Limited
    Oriental House, A-25/27
    Asaf Ali Road, New Delhi - 110002
  • Tel : 011-43659595