Oriental Insurance

Public sector insurers saw their premium income fall by 1 percent to Rs 34,203 crore during the first five months of the current fiscal. As a result, their market share plunged to less than a third at 32.5 percent from 33.4 percent, while premium income slipped from Rs 37,100 crore to Rs 34,203 crore.

No capital infusion in public insurance companies in FY24: Govt official

The government will review the need for any capital infusion in the public insurers only next year, the official said

Govt may consider Oriental Insurance or United India for privatisation

To further strengthen their financial health, the government is expected to infuse Rs 3,000 crore in the public sector general insurance companies during the current quarter.

EY suggests merger of National Insurance, United India & Oriental Insurance within 18 months

The merger is unlikely to lead to a significant number of layoffs, since all three firms have reduced recruitment and are operating with an optimal workforce

Reporter's Take | Mega insurers' merger a race against time

The idea to merge the three insurers was to create a stronger and larger insurance company that was sustainable in the long run.

Oriental Insurance back in black with profit of Rs 1,510 cr in FY'18

The company collected gross premium of Rs 11,737 crore in 2017-18, as against Rs 11,117 crore in the previous fiscal.

United India, Oriental Insurance may get CMD posts filled soon

The government is looking to quickly fill up top-level positions lying vacant at two of its public sector insurance firms -- United India Insurance and Oriental Insurance. These chairs of Chairman and Managing Directors have remained unoccupied for since June last year.

5 PSU insurers‘ IPOs: Ways to attract investors

The government and the company managements should ensure proper sequencing of the IPOs. Bunching of the offers within a short time frame might dilute investor appetite, especially for those offerings that bring up the rear. Also important would be the proper pricing of the issues.

Why allowing general insurers to list is a double-edged sword

Allowing general insurance companies to get listed when none of the private players are listed could raise questions in certain quarters

Long road ahead before PSU general insurers begin listing

The Cabinet yesterday cleared propsoals for listing four public sector general insurers as well as the state-owned reinsurer General Insurance Corporation of India (GIC Re).

First listing may happen in next 6-8 months

The Cabinet has approved the listing of the four public sector general insurance companies as well as the sole state-owned reinsurance company, General Insurance Corporation of India (GIC Re). The companies will begin the process of listing in the next few weeks and the final listing is expected to happen within the next six to eight months.

Here is why SP Tulsian is positive on Federal Bank

In an interview to CNBC-TV18, SP Tulsian of sptulsian.com shared his readings and outlook on specific stocks and sectors.

Govt to sell 25% stake in general insurance companies: Jaitley

The Cabinet on Wednesday approved plans to divest a 25 percent stake in each of the five fully-owned public sector general insurance companies by listing these on stock exchanges.

Govt asks 2 PSU general insurers to improve finances

Finance Ministry has asked two public sector general insurance companies -- Oriental Insurance and United India -- to improve their finances as the government looks to list the state-owned non-life firms.

Irdai slaps Rs 20 lakh penalty on Oriental Insurance Co

One of the charges was that the insurer instead of using its own portal had entered into an agreement to use the portal of Hero Corporate Services Ltd (HCSL) who is also a corporate agent of another general insurance company.

Oriental Ins to pay Rs 60K for partial payment of claim

Oriental Insurance Co Ltd has been directed by a consumer forum here to pay Rs 60,000 to a policy holder for not fully reimbursing the expenses incurred on his treatment for dengue on the ground of pre-existing disease.

What you should know when buying insurance for your parents

Mediclaim for senior citizens is certainly not as easily available nor is it as comprehensive (as a policy) as mediclaim for someone who has not yet crossed the age of 60, but it is still available.

Chasing small sums with Oriental Insurance: Simbhaoli Sugar

Simbhaoli Sugars has received Rs 55.15 crore as compensation in an arbitration case. In an interview to CNBC-TV18, Sanjay Tapriya, CFO, Simbhaoli Sugar talks about the details of the case.

FinMin asks PSU general insurers to lower expense ratio

The Finance Ministry has asked public sector general insurance companies to bring down their expense ratio and prune management expenses to improve profit.