The Oriental Insurance Company Limited is one of the leading public sector general insurance companies in India with a network of nearly 1000+ offices spread all over India consisting 1 Head Office, 33 Regional Offices and CBUs, 1 OSTC, 74 SVCs, 65 Legal Hubs, 22 KBOs, 866 BOs along with foreign business units 3 Foreign Branches and 2 Foreign agencies in 4 countries. The company has one fully owned subsidiary and 2 Associate companies. The company offers a wide range of products relating to General Insurance both to corporates and retail customers.

OICL proposes to prepare itself with implementation of Ind AS for preparation of standalone as well as consolidated financial statements as per the guidelines/draft guidelines issued / to be issued by IRDAI (“Project”). Ind AS implementation is likely to significantly impact the financial reporting systems and processes and, as such, these changes need to be planned, managed, tested and executed in advance of the implementation date. In this connection OICL invites Request for Proposal (RFP) from consultants of repute and proven track record for implementation of Ind AS

OICL-IND-AS.pdf

Last Date: July 19, 2023

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