Oriental insurance records 12% growth in premium collection in Apr 2012

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Oriental insurance has registered a growth of 12 per cent in premium collection to Rs 651.47 crore in April 2012 against Rs 580.76 crore in April 2011. The premium collection had declined by 2.41 per cent to Rs 696.32 crore in March 2012.

In April 2012, the total gross premium underwritten by the non life insurance sector stood at Rs 6,506.51 crore.

The private non life insurance sector has underwritten gross premium worth of Rs 2,819.48 crore, up 10 per cent in April 2011.

Similarly, the public non life insurance sector has underwritten gross premium worth of Rs 3,687.03 crore, up 20 per cent in April 2011.

Oriental insurance is a wholly owned subsidiary of the Oriental Government Security Life Assurance Company Ltd

The firm has 23 Regional Offices and nearly 1000 operating Offices in various cities of the country.

The Company has overseas operations in Nepal, Kuwait and Dubai. It has a total strength of around 16,000 employees.

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