| LIST OF NON-LIFE INSURANCE COMPANIES 1. Agrani Insurance Company Ltd. 2. Asia Insurance Ltd. 3. Asia Pacific Gen Insurance Co. Ltd. 4. Bangladesh Co-operatives Ins. Ltd. 5. Bangladesh General Insurance Co. Ltd. 6. Bangladesh National Insurance Co. Ltd. 7. Central Insurance Company Ltd. 8. City Gen. Insurance Company Ltd. 9. Continental Insurance Ltd. 10. Crystal Insurance Company Ltd. 11. Desh Gen. Insurance Company Ltd. 12. Eastern Insurance Company Ltd. 13. Eastland Insurance Company Ltd. 14. Express Insurance Ltd. 15. Federal Insurance Company Ltd. 16. Global Insurance Ltd.
17. Green Delta Insurance Co. Ltd. 18. Islami Commercial Insurance Co. Ltd. 19. Islami Insurance Bangladesh Ltd. 20. Janata Insurance Company Ltd. 21. Karnaphuli Insurance Company Ltd. 22. Meghna Insurance Company Ltd. 23. Mercantile Insurance Company Ltd. 24. Nitol Insurance Company Ltd. 25. Northern Gen. Insurance Company Ltd. 26. Peoples Insurance Company Ltd. 27. Phonix Insurance Company Ltd. 28. Pioneer Insurance Company Ltd. 29. Pragati Insurance Ltd. 30. Pramount Insurance Company Ltd. 31. Prime Insurance Company Ltd. 32. Provati Insurance Company Ltd. 33.
Purabi Gen Insurance Company Ltd. 34. Reliance Insurance Ltd. 35. Republic Insurance Company Ltd. 36. Rupali Insurance Company Ltd. 37. Sonar Bangla Insurance Company Ltd. 38. South Asia Insurance Company Ltd. 39. Standard Insurance Ltd. 40. Takaful Islami Insurance Ltd. 41. Dhaka Insurance Ltd. 42. Union Insurance Company Ltd. 43. United Insurance Company Ltd. | | LIST OF LIFE INSURANCE COMPANIES 1. American Life Insurance Company (Foreign Company) 2. Baira Life Insurance Company Ltd. 3. Delta Life Insurance Company Ltd. 4. Farest Islami Life Insurance Co. Ltd.
5. Golden Life Insurance Ltd. 6. Homeland Life Insurance Company Ltd. 7. Meghna Life Insurance Company Ltd. 8. National Life Insurance Company Ltd. 9. Padma Islami Life Insurance Company Ltd. 10. Popular Life Insurance Company Ltd. 11. Pragati Life Insurance Ltd. 12. Prime Islami Life Insurance Company Ltd. 13. Progressive Life Insurance Company Ltd. 14. Rupali Life Insurance Company Ltd. 15. Sandhani Life Insurance Company Ltd. 16. Sunflower Life Insurance Company Ltd. 17. Sunlife Insurance Company Ltd. | | LIST OF THE INSURANCE COMPANIES IN PUBLIC SECTOR 1.
Sadharan Bima Corporation(Gen. Ins) 2. Jiban Bima Corporation (Life Ins. ) | Introduction: In the year 2000 Agrani Insurance Company Limited was incorporated under the Bangladesh General Insurance Act and we have the pleasure, in introducing ourselves as one of the fast growing general insurance companies. The vision and objectives have been set to give a brand new experience in General Insurance. It should mention that Agrani Insurance has taken out necessary re-insurance protection from Sadharan Bima Corporation for the full protection of risk of our client’s property and interests.
Moreover, due to its strong financial position, Agrani became the 18th General Insurance Company out of 43 General Insurance Companies in Bangladesh to be listed in the Dhaka Stock Exchange in January 2005. At the IPO the company’s shares were seven times oversubscribed though the company was just five years old, thus showing the confidence of the general public towards Agrani. We feel proud to say that we always evaluate our client’s needs and fullest satisfaction and provide them with our insurance services to their utmost satisfaction.
We always consider our clients as the member of our family and extend our all-out co-operations and sincere service to them in appropriate way. As a result, our clients always repose their full trust in us. Cordial relationship that exists between our clients and the company is our instruments to achieve a more favorable business results in the years to come. We always Extend our technical support to our clients to cater their insurance requirements aiming at maximum benefits with appropriate costs.
Vision:Our vision is to become a leading Insurance Service Provider to the Nation Mission:Our mission is to provide protection & financial security to the nation, whilst adding shareholders value through customer service excellence by dedicating employees’ commitment To maintain dynamic, creative corporate culture at its highest level. Goal:Our goal is to maintain good relations with Clients and thus benefit our shareholders, employees and the communities where we do business Strength:We are backed by the Asia’s most innovative Insurance Company with their global expertness & technical support in the Insurance activities since inception.
Shareholding Pattern | | | StructureSponsor DirectorsSponsor ShareholdersPublic Shareholding DirectorsGeneral Public & InstitutionsTotal | Percentage (%)29. 00%9. 24%2. 37%59. 39%100. 00% | Taka52,607,80016,775,6004,315,200107,801,400181,500,000 | 05 (five) years performance at a glance | Taka in Million | Particulars| 2010| 2009| 2008| 2007| 2006| Financial Performances | | | | | | Gross PremiumNet PremiumNet ClaimUnderwriting ProfitInvestment & other IncomeNet Profit before TaxNet profit after Tax | 257.
54139. 5623. 9626. 7329. 2847. 6833. 25 | 92. 84110. 5026. 8126. 1617. 8734. 5322. 74 | 174. 22107. 2230. 6320. 5221. 5430. 8117. 85 | 150. 9898. 4121. 4919. 7219. 8728. 9817. 16 | 118. 2272. 2412. 3120. 4919. 1027. 9918. 09 | | | | | | | Share Capital & Reserve | | | | | | Paid-up CapitalShareholders Equity | 181. 50239. 31 | 165. 00206. 06 | 150. 00183. 32 | 150. 00165. 47 | 150. 00169. 31 | | | | | | | Assets| | | | | | Investment in Shares & equityCash, FDR & Bank BalanceAdvance Against Floor PurchaseOther AssetsTotal Assets | 43.
78164. 5051. 05145. 75405. 08 | 26. 57162. 8566. 5699. 22355. 20 | 20. 03200. 5761. 9490. 65373. 19 | 9. 00201. 6054. 8489. 01354. 45 | 9. 00194. 3132. 5077. 43 313. 24 | | | | | | | Financial Analysis | | | | | | Dividend (%)| 10%| 10%| 10%| 7%| 7%| Earning Per Share (EPS)| 17. 49| 12. 10| 11. 00| 7. 10| 12. 06| Agrani Insurance Company Ltd By The Credit Rating Information and Service Limited (CRISL) Date of Rating| Claim paying ability| CPA Rating (Surveillance) 2010| “A”(pronounced as single A)| Outlook| Stable| Date of Rating| 02 August 2011|.
Single “A” Denotes high claims paying ability protection factors are good and there is an expectation of variability in risk over time due to economic and/ or underwriting conditions. On the basis of good financial performance improving solvency position experienced board diversified ownership structure and diversified investment portfolio. We examine the quality and level of service that we can provide and not just the pricing structure. Only after we are confident that our insurance company can offer the right package, do we present with a holistic and customized insurance solution.
Our services includes ? Initial consultation, where you can raise your concerns and discuss matters with confidence and ease. ? Understanding the clients needs and requirements ? Identifying and evaluating the risk. ? Defining the risk management plan ? Negotiating with different re-insurance companies on premium rates and insurance cover ? Selecting the right insurer for our clients, depending on the premiums, security, level of professionalism and claims service efficiency ? Validating the policy in line with the proposal and policy updating ?
Timely collection of premiums & maintenance of records of all Insurance Policies of clients ? Claims management and documentation ? Educating the client and creating awareness of current Industry trends ? Excellent customer service, by treating you with courtesy and respect, listening to your matters and concerns, find ways to resolve your concerns, making your experience with us pleasant and easy. ? Easy accessibility, we can serve you at various locations at your convenience. ? Frequent updated information, we communicate and provide you new information on regular basis relevant to your matter.
? No hidden fees, we guarantee you that there will never any hidden fees for our service. ? Prompt response, in case we miss your call, we will respond your call within 24 hours or any time at your convenience ? Personalized service, we provide personalized service in a cost–effective manner. ? Prompt service, at competitive rates while promoting your best interests. ? Trained staffs, ensure excellent customer care, good manners and etiquettes. ? Weekend appointments, you can book an appointment on Saturday and late evening in addition to our regular office hours.
The company underwrites risks involved in trade and properties and thus provides their security through insurance and re-insurance services. The businesses of the company covers Fire, Marine, Motor and all kinds of Miscellaneous Insurance including Health, Personal accident etc. Some of our popular Insurances are as follows: Fire Insurance Fire Insurance (including Allied Perils) Industrial All Risks (IAR) Fire Insurance Consequential Loss Fire Insurance Dwelling, House and Contents Fire Insurance Hotel Combined Marine Cargo Insurance.
Marine Cargo Insurance transit by Steamer or Powered Vessel (Import/ Export) Marine Cargo Insurance transit by Rail/Lorry/Truck (Import/ Export) Marine Cargo Insurance transit by Inland Rail or Road Conveyance Marine Cargo Insurance transit by Inland Cargoes (water borne) Marine Cargo Insurance transit by Air Cargo (Import/ Export) Marine Hull Insurance (TLO & TC) Engineering Insurance Machinery Insurance (Machinery Breakdown) Deterioration of Stock (DOS) Boiler and Pressure Vessel (BPV) Electronic Equipment Insurance (EEI) Erection All Risks (EAR) Contractor’s All Risks (CAR) Engineering Insurance Consequential Loss.
Motor Insurance (Comprehensive/ Act Liability) Motor Insurances for Commercial Vehicle Motor Insurances for Private Vehicle Motor Insurances for Motor Cycle/ Scooter Miscellaneous/ Accident Insurance Burglary & House Breaking Insurance Cash in Safe (CIS) Cash in Transit (CIT) Cash on Counter (COC) People Personal Accident (PPA) Workmen’s Compensation (WC) Business Interruption Overseas Med claim and Holiday Insurance including Study and Employment (OMI) Fidelity Guarantee Insurance Health Insurance Personal Accident (PA) Travel Insurance (All kinds) Public Liability (PL) Professional Liability.