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Motor Insurance ReviewREXI Analysis 2026
Oriental Insurance Company
A public sector stalwart with decades of trust and pan-India presence.
3.7/5(120 reviews)
Claim Ratio: 97.00% (FY 2023-24)
Overview
Oriental Insurance is one of the oldest and most trusted public sector general insurers in India. Like other PSU insurers, it serves millions of policyholders across urban and rural India, with particular strength in government institutions and PSU employee benefits.
IDV Flexibility
Low — strict IRDAI depreciation formula applied
Best For
Government employees, PSU workers, and rural drivers who prefer PSU stability and a long-established claim process they can navigate through physical offices.
What We Like
- Government-owned — decades of trust and financial stability
- Very strong presence in Tier 3 cities and government institutions
- Fair claim assessment with lower likelihood of technicality rejections
- Consistent premiums with predictable renewal pricing
Watch Out For
- Paper-heavy, slow claim process compared to private players
- Limited digital filing or app-based interaction
- Cashless garage network smaller and concentrated in major cities
Products Offered
Parivar MediclaimMotor Package PolicyShopkeeper Policy
Disclaimer: This review is based on publicly available information, IRDAI data, and REXI's policy analysis. Ratings are our editorial opinion. This is not financial advice — always read the full policy document before purchasing. Claim settlement ratios are sourced from IRDAI Annual Reports.