Friday, September 23, 2011

Oriental Life Insurance

Oriental Life Insurance
The creation of sector insurance company well-known life insurance company in 1947 East was soon after independence. The institution was a part of India 1956-73 LIC. In 2003 all shares held by GIC of India was transferred to the Union Government of India.

The life insurance company has its eastern headquarters in New Delhi and has about 23 offices and about 1,000 offices operating in several cities in India. The company also has a presence in countries like Nepal, Dubai and Kuwait. The strength of the employees of the company is about 16,000 people and are planning for expansion. For less than a lakh of money at the time of inception, the company has reached the highest good and the headdress of the milestones of gross premiums of Rs 58 crores in 1973 and the figure recorded in 2007 was magical figures . The company plays the benchmark of Rs 4. 000 million rupees.

Life insurance is most important today, looking at day to day life has been that human life is increasingly exposed to risks of accidents and UN events than expected. To meet the need of people who depend on the person, it is important to obtain insurance that meets the needs of the family in the absence policyholder. Eastern Life Insurance covers personal accident insurance and insurance for any major accident. There are some other benefits as well as the cumulative bonus, reimbursement of expenses for transporting the body, the funds for the education of children.

The company does not cover intentional self harm, suicide, pregnancy, death, war and allied perils. Life insurance is a necessity these days is recommended to ensure the life of his family, even after his absence in any case.

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