Achievement reinforces Government's commitment towards universal insurance coverage in line with the vision of 'Insurance for All by 2047’

The Oriental Insurance Company Limited (OICL) has crossed ₹20,000 crore in Gross Premium for the FY 2025–2026. The development signifies growing trust of policyholders, intermediaries, and stakeholders in OICL in particular and public sector insurance institutions as a whole. The achievement aligns with the broader objective of the Government to promote financial inclusion (Insurance for All by 2047) and ensure wider access to risk protection mechanisms.

This growth has been driven by robust contributions from Group Personal Accident (GPA), Health, Fire, and Motor insurance portfolios. In recent years, OICL has strengthened its product suite with innovative offerings such as Oriental Sampoorna Swasthya Suraksha, Drone Insurance, Event Insurance and Custom Duty Insurance. The Company is also poised to introduce forward-looking solutions like Sarvatra Suraksha Parametric Insurance Policy, Nil Depreciation Comprehensive Policies, including long-term variants and Surety Bond Insurance, aligning with evolving risk landscapes and national priorities.

For OICL, Motor Segment remained the Cornerstone of Growth and was the largest contributor to OICL’s portfolio :

• Private Car Insurance led the segment with over 14.5 lakh policies and premium of Rs. 869 Cr.
• Two-Wheeler Insurance followed with 15.5 lakh policies and premium of Rs 143 Cr, reflecting strong presence in the retail segment.
• Goods Carrying Commercial Vehicle (GCCV) – with 4.82 lakh policies and premium of Rs 1725 Cr

This Department applauds the efforts made by the employees of Oriental Insurance Company Limited for their commitment to operational excellence and customer service.

The Government reiterates its continued support to public sector insurance companies in their efforts to expand outreach, adopt innovative practices, and strengthen service delivery for the benefit of the nation.

 

Insurance for All by 2047 drives Oriental Insurance growth, with premium milestone and expanded risk protection offerings. Oriental Insurance Company Limited has crossed a gross premium milestone for FY 2025-2026, reflecting growing trust in public sector insurance institutions and alignment with the Government's objective of expanding financial inclusion under the vision of Insurance for All by 2047. Growth is attributed to strong contributions from Group Personal Accident, Health, Fire and Motor insurance portfolios, together with innovative offerings and planned new products addressing evolving risk needs.