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Oriental Insurance was formerly a completely owned subsidiary of Oriental Government Security Life Assurance Company Limited and subsequently the company was formed to meet the needs of General Insurance business in India. Until the nationalization of General Insurance Business in the country, Oriental Insurance Company was a subsidiary of LIC India from 1956 to 1973. All shares of the Oriental Insurance Company that had been held by the General Insurance Corporation of India were transferred to the Central Government in the year 2003. After the company was first set up, it raked a humble premium of Rs. 99, 946 in the year 1950. The aim of Oriental Insurance was “Service to clients” and high achievement in the General Insurance Sector and this is what transformed them into a strong non life insurance company of India today.