**Executive Summary**
Oriental Insurance Company Limited (OICL) successfully surpassed ₹20,000 crore in Gross Premium for the 2025–2026 fiscal year as of March 27, 2026. This milestone supports the Government of India’s vision of "Insurance for All by 2047" and reflects growing public trust in public sector insurance institutions. The achievement is driven by growth across diverse portfolios, particularly in the motor and health segments.
**Key Points / Main Content**
**Financial Performance and Strategic Goals**
* OICL achieved a Gross Premium milestone of over ₹20,000 crore for FY 2025–2026.
* The growth aligns with the national objective of financial inclusion and universal insurance coverage.
* Success is attributed to robust contributions from Group Personal Accident (GPA), Health, Fire, and Motor portfolios.
**Product Innovation and Portfolio Expansion**
* OICL has introduced innovative offerings including Drone Insurance, Event Insurance, Custom Duty Insurance, and Oriental Sampoorna Swasthya Suraksha.
* Future solutions include the Sarvatra Suraksha Parametric Insurance Policy, Surety Bond Insurance, and long-term Nil Depreciation Comprehensive Policies.
**Motor Segment Highlights**
* The motor segment remains the cornerstone of OICL’s growth and its largest portfolio contributor.
* **Goods Carrying Commercial Vehicles (GCCV):** Contributed ₹1,725 crore in premium from 4.82 lakh policies.
* **Private Car Insurance:** Generated ₹869 crore in premium from over 14.5 lakh policies.
* **Two-Wheeler Insurance:** Secured ₹143 crore in premium from 15.5 lakh policies, showing a strong retail presence.
**Operational Excellence and Government Support**
* The Department of Finance recognized OICL employees for their commitment to customer service and operational excellence.
* The Government reaffirmed its continued support for public sector insurers to expand outreach and adopt innovative practices.
**Impact Analysis**
**OICL Employees**
**Impact**
They have been recognized for their operational excellence and commitment to customer service, which drove the company’s record financial performance.
**Action Required**
Maintain commitment to service delivery and adopt innovative practices to sustain growth and expand outreach.
**Policyholders and Intermediaries**
**Impact**
Benefit from increased access to diverse risk protection mechanisms and innovative insurance products tailored to evolving needs.
**Action Required**
No specific action required other than utilizing the expanded suite of insurance solutions provided by OICL.
**Government of India (Ministry of Finance)**
**Impact**
The achievement reinforces the government’s commitment to financial inclusion and the "Insurance for All by 2047" vision.
**Action Required**
Continue to provide institutional support to public sector insurance companies to strengthen national service delivery.
Key Entities Referenced
Oriental Insurance Company Limited (OICL): A public sector insurance institution that achieved a milestone of ₹20,000 crore in gross premium for FY 2025–2026.
Insurance for All by 2047: A national strategic vision aimed at achieving universal insurance coverage and financial inclusion in India.
Ministry of Finance: The primary government ministry overseeing the performance and strategic objectives of public sector insurance companies.
Oriental Sampoorna Swasthya Suraksha: A specific innovative health insurance product identified as a key driver of the company's growth.
Ministry of Finance
Oriental Insurance Company Limited (OICL)
crosses ₹20,000 crore in Gross Premium for FY
2025–2026
Achievement reinforces Government's commitment towards
universal insurance coverage in line with the vision of
'Insurance for All by 2047’
Posted On: 27 MAR 2026 6:35PM by PIB Delhi
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.*******
NB/AD
(Release ID: 2246224) Visitor Counter : 153
Read this release in: ही