The Oriental Insurance Company Limited is one of the 4 Public Sectors (Government) Insurance Company’s of India, one of the four giants in Insurance World of India. Since, 1947 Oriental is underwriting a large number of risks starting from cattle to space, through its more than 1000 Offices in India. It is rated BBB(+) by AMBEST and has a strong financial base. Dr. A.K. Saxena is our current Chairman Cum Managing Director. The Company has Board of Directors and reports to Finance Ministry of Govt. of India. Over the years, the Company has developed a tremendous experience in all kinds of Insurance, it has it’s presence in Dubai, Kuwait and Nepal, other than in India.
The Company is a pioneer in laying down systems for smooth and orderly conduct of the business. 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 highly technically qualified and competent team of professionals to render the best customer service.
Oriental Insurance made a modest beginning with a first year premium of Rs. 99,946/- in 1950. The goal of the Company was “Service to clients” and achievement thereof was helped by the strong traditions built up overtime.
Oriental has its presence since 55 years in Kuwait. It started in 1959 as one of the first Insurance Companies in Kuwait. These are branch operations under a license issed for Foreign Comapanies. The time line in Kuwait :- 1986 onwards M/s. Bader Al Mulla & Bros. Co., 1973-85 M/s. Yakoub Abdul Aziz Al Rusheid, M/s. Al Ahmed and Al Shawaf Bros., 1969-63 M/s. Fahad Al Sultan & Sons. The following were the Resident Managers deputed by OIC to Kuwait.
1986 – 1989 Mr. P.K. Mankad
1989 - 1992 Mr. R.C. Kohli
1992 – 1998 Mr. V. Harshavardhan
1998 – 2001 Mr. Zahid Ahmed
2001 – 2006 Mr. J.K. Madan
2006 – 2014 (April) Mr. Anil K. Parasher
2014 - till date Mr. Siddhartha Mukherjee
With a humble premium base of around KD 100,000/- (Net premiums) at the onset of our association with Al Mulla way back in 1986 we have today successfully underwritten a direct premium of KD4,100,000/- in the financial year ended March 2013 thereby maintaining our top position amongst all Foreign Insurance Companies in Kuwait.
The premium varies from policy to policy bound on various underwriting parameter. We undertake to provide most extensive coverages to our Indian populations with vast reasonable premium.
All worker’s can be covered under our Workmen Compensation policy or Group Personal Accident policies.
Though we have an Oriental Portal in our website through which one can purchase a policy, in Kuwait, we do not have that facility.
Nominations in Kuwait will be as per Kuwaiti Laws applicable here. Indian system is being followed, wherein the Insured has to declare a Nominee at the beginning in the proposal with name, age, relation and address authenticated by an Witness (with name and address)
We can also provide the Expat Indian population / Industries, with property all risk cover, vehicle insurance cover, Marine transit insurance cover, Health Insurance cover & liability insurance cover.
Oriental Insurance Company does not have any Link to pay premium online in Kuwait as yet. In the Indian Portal that facility is available for Insured’s in India.
Mr. Berley Mathew-22960481 & Mobile-66486293 is the authorized person, who is to be contacted immediately by the affected party.