Al Mulla Group has 2 separate licenses in the insurance Industry.
Bader Al Mulla & Bros. Co. WLL, a wholly owned subsidiary, has been the Chief Agent of Oriental Insurance Co. Ltd., India, in Kuwait over 25 years. The Oriental Insurance Company Ltd. is one of India's largest non-life General Insurance Companies, Wholly owned by the Government of India, Oriental Insurance has a pan – India presence with its Head Office at New Delhi, 26 Regional Offices and nearly 900+ operating Offices in various cities of the country. The Company has overseas operations in Nepal, Kuwait and Dubai. The Company has a total strength of around 15,000+ employees. The Gross Premium went up from KD 3.75 Million approx in 1973 to a mammoth KD 263 Million approx in 2008-09, reflecting the trust of Indian Corporate and Retail customers in the Company.
In Kuwait, due to the close cooperation between the Principals and the Agents, Oriental is the largest foreign insurance company in Kuwait in revenue terms.
Now in the 25th year of this cooperation, customers can look forward to a renewed commitment from the company, to improve their service levels, as also to design and launch new products tailor made to meet the requirements of the customers in Kuwait, including a dynamic Medical Insurance policy.
Al Mulla Insurance Brokerage Co.
Al Mulla Insurance & Broking Co. WLL, also a wholly owned subsidiary of the Group, is involved in providing tailor made insurance solutions for its customers. The primary objective of this Company is to work with its clients, on identifying the various risks inherent in each of their business operations, assessing their financial impact, and then identifying the right Insurance product available in the market to provide the insurance against the risk. At the retail level, the Company offers its customers a bouquet of Insurance Providers so that the customer is offered a choice rather than a single mandated insurer. The Company's recommended choice of Insurer depends on the specific needs of the customer, and the customer does not have to pay anything for the service. The Company, in fact, is able to effect significant cost savings for its customers by ensuring that they scout the market for the best proposals for the specified risks.