Oriental Insurance is ready to extensively cover the country's rural areas provided proper hospital and other infrastructural facilities are set up there
The Oriental Insurance Company (OIC) was ready to extensively cover the country's rural areas provided proper hospital and other infrastructural facilities were set up there, a senior company official said Wednesday, reports Economic Times.
The rural masses should have proper access to the medical care and health management, and only then could insurance companies provide necessary coverage, M Ramadoss, Chairman cum Managing Director of Oriental Insurance Company, told reporters here.
The company, with no tie up with any of the country's hospitals, was willing to come out with newer health-insurance products for the benefit of rural masses, he said. Ramadoss, here to inaugurate a new regional office, said the company would open another regional office in Nagpur during this financial year.
The company, the second largest among India's non-life insurance companies, has targeted Rs 4,250 crore as premium collection during this fiscal, as against Rs 3,610 crore in 2005-06, Ramadoss said.
