Oriental Insurance, leading car insurance company has been growing at a rapid pace. The company got an overall profit of Rs.1,510 crore for the fiscal year ending on March 2018. Oriental Insurance Chairman – A. V Girijakumar says Oriental Insurance has grown widely especially in its motor Insurance division that is its largest segment. He also mentioned the holistic growth of 117% as compared to the previous year.
Oriental vehicle insurance provides three main kinds of insurance. One of them is private car insurance, another one is commercial vehicle plan and liability only plan. Oriental Car Insurance plan can be easily purchased online by submitting the required documents and making the payment. The process of making the payment is quite secure, you can pay through NEFT, wallet banking or any other online channel. Once the payment is made you can receive the policy immediately in your inbox.
With making a profit in all the spheres, Oriental Insurance is all set for the merger with other insurance giants. Arun Jaitley made this announcement in the speech at the time of budget this year. Merge will take place this year between 3 insurance companies including Oriental. In the context of a merger, Oriental Insurance plans to appoint a consultant as confirmed by Girijakumar.