Marathi
|
Hindi
Download App
Epaper
Home
City
Latest News
Cricket
LT Premium
National
International
Maharashtra
Opinions
Chhatrapati Sambhajinagar
Nagpur
Entertainment
Photos
Business
Technology
Sports
Lifestyle
Social Viral
Lokmat Games
Health
City
Home
Latest News
Cricket
LT Premium
National
International
Maharashtra
Opinions
Nagpur
Chhatrapati Sambhajinagar
Trending Topics :
Narendra Modi
Lok Sabha Election 2024
Heatwave In India
Mumbai Water Cut
Maharashtra Lok Sabha Election
IPL 2024
All
News
Photos
Videos
Oriental Insurance, News
FOLLOW
Oriental insurance, Latest News
The Oriental Insurance Company Ltd. is a public sector general insurance company of India. The headquarter of the company is located in New Delhi. It has 31 regional offices and more than 1800 active branches across the country. The company also has branches in Nepal, Kuwait, and Dubai. The company had recorded a gross premium of Rs. 7282.54 crores in the financial year 2013-2014. For the Financial year 2016-17, the Company procured a global premium of Rs. 11,100 crores. The Company offers more than 170 General Insurance products. The IRDA Registration No. of the Company is "556".Performance in last fiscal 2017-18↵The profits generated by sale of investments increasedby Rs. 851.73 crores and the management expensesdecreased by Rs. 128.25 crores. This coupled withunderwriting losses resulted in profit before taxof Rs 1382.28 crores during the year under reviewcompared to loss before tax of Rs. 1987.43 croresduring the previous year, after taking into accountboth operating profit and investment income. Theprofit after tax was Rs. 1509.89 crores during theyear under review as compared to loss after tax ofRs. 1691.10 crores during the previous year.Solvency Margin:
Read More
Business :
National Insurance Company board to meet on Monday
Kolkata-based public sector insurer National Insurance Company Limited has called for a meeting of its Board of Directors on Monday. ...
Business :
'Rs 2,500 cr recap for PSU insurers pre-merger may be insufficient'
The Finance Ministry will recapitalise the state-run general insurance companies ahead of taking further steps in their mergers to shore up their balance sheet and solvency ratio but the amount appears to be short of the requirement of the PSUs insur ...
Business :
Sitharaman gives a miss to rejigging government insurers
Contrary to expectations, Union Finance Minister Nirmala Sitharaman has given a miss to the mode of restructuring the three government-owned general insurers in her maiden Budget and in a way the insurance sector has been neglected barring some minor ...
National :
`Sitharaman's 1st budget should lay roadmap for PSU general insurers' merger'
Finance Minister Nirmala Sitharaman in her maiden budget speech on July 5 should give a short and stern message to the heads of three government-owned general insurers to focus on bottomline growth and outline the roadmap for their merger, say indust ...