Total Networth

117.13 Cr.

One of the top central public sector companies in the general insurance sector, the Oriental Insurance Company Limited was originally incorporated as a wholly owned subsidiary of the Oriental Government Security Life Assurance Company in 1947. Thereafter, in 1956, it became a subsidiary of the LIC and remained so until 1973, when the general insurance sector was nationalised. Today, the PSU has over 1500 active branches across India and a strong presence beyond borders, in Dubai, Kuwait and Nepal. In the Indian stock market, the Oriental Insurance Company has invested in around 25+ companies as of February 2024. Of these, stocks of ITC Limited make up a significant portion of the company’s investment portfolio, accounting for about Rs. 6,000 crores in value. GIC Housing Finance, with a holding value of a little over Rs.54 crores, which is the next biggest stock holding in the Oriental Insurance Company’s portfolio.