Oriental Insurance company’s gross written premiums grew by 10 per cent in the first quarter of this fiscal to around Rs 1,180 crore. “During the April renewals, we were able to bring down the discounts,” said Mr M. Ramadoss, Chairman and Managing Director, Oriental Insurance. He was speaking on the sidelines of a banking and insurance summit organised by Skoch. The company has seen a 27 per cent growth in its health portfolio. The claims ratio is also le ss than 95 per cent in health, Mr Ramadoss said. It is also planning to come out with a new overseas mediclaim policy called Travel Bliss. The details are being still worked out, he said.
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http://www.thehindubusinessline.com/2009/07/17/stories/2009071751120600.htm
posted by srikanth....july28
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