Oriental Insurance rated B++

Monday 12, June, 2006 A.M. Best has rated Oriental Insurance Company B++ (Very good) based on a recent review undertaken by them. A.M. Best is a European agency rating for insurance companies globally. In its rating rationale, A.M. Best has cited Oriental's excellent business profile as India's second largest non-life insurer with an estimated market share of 17 per cent in the Indian market in 2006. Oriental has grown at the rate of 16.5 per cent during 2005-2006 and is expected to grow at least 10 per cent during the current year, said a press release.

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