GENERAL20 Sept 2026
Oriental Insurance to invest ₹500 crore to bolster digital capabilities
Oriental Insurance will spend about ₹500 crore over three years to improve its digital systems, data security and online products. This affects policyholders and businesses buying general insurance from this public sector insurer. In practice, motor own-damage claims and direct online buying should get faster and simpler. If you hold an Oriental policy, watch for the new digital options and compare them with your current cover.
Key Statutory Highlights
- Oriental Insurance plans to invest around ₹500 crore over three years to strengthen its digital capabilities, and some request for proposals have already been floated.
- The insurer is working on a data lake project and is taking steps to further strengthen its data security infrastructure.
- It recently launched an end-to-end digital journey for motor Own Damage claims and a digital office called Oriental DigiBiz for customers buying insurance directly online.
Actionable Advice for Taxpayers / Founders:If you buy general insurance, look at Oriental Insurance's direct online portal and its digital motor claim process when your policy comes up for renewal, and compare the price and cover with what you already hold before switching.
Statutory Disclaimer: TaxQue Shorts are AI-assisted editorial briefs for compliance awareness. This brief has not passed every source check; confirm the original notification before acting. This does not constitute formal legal or CA counsel.
TaxQue News Desk
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