Is Oriental insurance a central government company?

The Oriental Insurance Company Ltd. In 2003 all shares of our Company held by the General Insurance Corporation of India were transferred to the Central Government. The Company is a pioneer in laying down systems for smooth and orderly conduct of the business.

What is AML policy in Oriental insurance?

2.2 AML Programme means the programme to be put in place by every insurer to discharge the statutory responsibility to detect possible attempts of money laundering or financing of terrorism. 2.3 OIC means The Oriental Insurance Company Limited.

What is cover in Oriental insurance?

This Health cover is a hospitalisation cover and reimburse the medical expenses incurred in respect of covered disease /surgery while the insured was admitted in the hospital as an in patient. The cover also extends to pre- hospitalsation and post- hospitalisation for periods of 30 days and 60 days respectively.

What does PMLA mean?

✓ PMLA – Prevention of Money Laundering Act, 2002.

Is Oriental Insurance a private or public sector insurance company?

The Oriental Insurance company was formed in 1947 and was a subsidiary of Life Insurance Corporation of India till 1973. In 2003, the control of Oriental Insurance was given to the central government and from then, it started working as a public sector insurance company.

What are the different types of Oriental health insurance plans?

What Are The Types of Oriental Health Insurance Plans? 1 Group Mediclaim Policy. If anybody wants to cover a target group, association, institution, or corporate batch can purchase Oriental Group Mediclaim. 2 Individual Mediclaim Policy. 3 Oriental Happy Cash Policy- Nischint Rahein.

What is oriental royal Mediclaim insurance policy?

PNB Oriental Royal Mediclaim Insurance Policy focuses on securing the health of Oriental Bank of Commerce (OBC) account holders and their families at an affordable rate of premium. The policyholders can include their spouse, dependent children, and widowed/divorced daughters.

What is the claim incurred ratio of Oriental health insurance company?

The claim incurred ratio is referred to number of claim honoured and the total premium collected from its customers under Oriental Health Insurance. The ICR of Oriental insurance is 105.76\% which shows the faith of customers and brand value of the company.