| 词条 | The Oriental Insurance Company |
| 释义 |
| name = The Oriental Insurance Co. Ltd. | logo = Logo Oriental Insurance.jpg | logo_size = | logo_padding = | logo_alt = | logo_caption = | image = | image_size = | image_alt = | image_caption = | native_name = | native_name_lang = | former_name = | type = PSU | industry = Financial services | founded = {{start date|1947|09|12}} in Mumbai, India | founder = | hq_location = | hq_location_city = New Delhi | hq_location_country = India | area_served = | key_people = A V Girija Kumar {{small|(Chairman-cum-Managing Director)}} | products = Products which fall under General Insurance category | brands = | services = | owner = Government of India | website = {{URL|www.orientalinsurance.org.in/}} | num_employees = approx. 15000 }}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.[1] The Company offers more than 170 General Insurance products. The IRDA Registration No. of the Company is "556".[2]Performance in last fiscal 2017-18 ↵The profits generated by sale of investments increased by Rs. 851.73 crores and the management expenses decreased by Rs. 128.25 crores. This coupled with underwriting losses resulted in profit before tax of Rs 1382.28 crores during the year under review compared to loss before tax of Rs. 1987.43 crores during the previous year, after taking into account both operating profit and investment income. The profit after tax was Rs. 1509.89 crores during the year under review as compared to loss after tax of Rs. 1691.10 crores during the previous year. Solvency Margin: The solvency margin ratio stood at 1.67 as on 31.3.2018. Dividend No dividend was recommended for payment ReservesThe amount of Rs. 1509.23 crores being net profit after tax as per the Profit and Loss Appropriation Account is transferred to General Reserve Account/ Contingency Reserve Account in the Balance Sheet. The net worth was Rs. 3156.69 crores for the period ending 31.03.2018 as against Rs.1334.48 crores last year. HistoryOriental Insurance was incorporated on 12 September 1947 as a government-owned non-life insurance company.[3] It was established as a completely owned subsidiary of Oriental Government Security Life Assurance Company Ltd. to execute its parent body's general insurance operations.[4] In 1956, when insurance business was nationalized, Oriental insurance became part of LIC till 1973. After 1973, Oriental Insurance became a subsidiary of General Insurance Corporation of India till 2003 when the company was de-linked from the parent company and set up as an independent insurance company.{{Citation needed|date=September 2017}} In 2003, the Union Government acquired all the shares of Oriental Insurance Company Ltd from General Insurance Corporation of India.{{Citation needed|date=September 2017}} {{portal|companies}} On the 2nd of February 2018, the Government of India announced the merger of Oriental Insurance with National Insurance Company Limited and United India Insurance Company.[5]References1. ^https://www.irdai.gov.in/ADMINCMS/cms/frmGeneral_List.aspx?DF=MBFN&mid=3.2.8 {{DEFAULTSORT:Oriental Insurance Company, The}}{{insurance-company-stub}}2. ^https://orientalinsurance.org.in/ 3. ^{{cite AV media | url=http://zeenews.india.com/news/videos/top-stories/oriental-insurance-company-celebrates-67th-foundation-day_1469244.html | title=Oriental Insurance Company celebrates 67th Foundation Day | publisher=Zee News | date=13 September 2014 | people=A K Saxena | location=New Delhi}} 4. ^{{cite web | url=http://business.mapsofindia.com/india-company/o/oriental-insurance-company-ltd.html | title=Oriental Insurance Company Ltd | publisher=Business Maps of India | accessdate=15 May 2015}} 5. ^http://www.moneycontrol.com/news/business/economy/budget-2018-merging-3-psu-general-insurers-is-prudent-says-national-insurance-cmd-2497271.html by Rs. 851.73 crores and the management expenses decreased by Rs. 128.25 crores. This coupled with underwriting losses resulted in profit before tax of Rs 1382.28 crores during the year under review compared to loss before tax of Rs. 1987.43 crores during the previous year, after taking into account both operating profit and investment income. The profit after tax was Rs. 1509.89 crores during the year under review as compared to loss after tax of Rs. 1691.10 crores during the previous year. Solvency Margin: The solvency margin ratio stood at 1.67 as on 31.3.2018. Dividend No dividend was recommended for payment ReservesThe amount of Rs. 1509.23 crores being net profit after tax as per the Profit and Loss Appropriation Account is transferred to General Reserve Account/ Contingency Reserve Account in the Balance Sheet. ast year{{India-company-stub}} 4 : General insurance companies of India|Government-owned insurance companies of India|Companies nationalised by the Government of India|Indian brands |
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