(a) whether there has been increase in collections of premium of Oriental Insurance Company Limited during the year
2005-06;
(b) if so, the details thereof;
(c) whether there is a decrease in gross growth rate and net growth rate of the company during the said period;
(d) if not, the details of the gross growth rate and net growth rate;
(e) whether the company incurred losses in health and vehicle insurance sector; and
(f) if so, the details thereof?
MINISTER OF STATE IN THE MINISTRY OF FINANCE
(SHRI PAWAN KUMAR BANSAL)
(a) & (b): Yes, Sir. The gross direct premium of the Company (Indian and foreign) has gone up trom Rs. 3090.55 crares
in the year 2004-05 to Rs. 3609.77 crore in the year 2005-06.
(c)&(d): No, Sir. The gross direct premium and net premium of the company for the. year 2005-06 has increased by 16.80
% and 12.73 % respectively.
(e) & (f): Yes, Sir. The details of underwriting losses in Health Insurance and Vehicle (Motor) Insurance are
given below :
Year Health Insurance Vehicle (Motor) Insurance
2004-05 125.36 crore 571.32 crore 2005-06 196.08 crore 396.63 crore