Intellectual Insurance.pdf - Page | 1 27 April 2016 MD...

Info icon This preview shows pages 1–5. Sign up to view the full content.

View Full Document Right Arrow Icon
Page | 1
Image of page 1

Info icon This preview has intentionally blurred sections. Sign up to view the full version.

View Full Document Right Arrow Icon
Page | 2 27 April 2016 MD. Aslamuddin Assistant Professor & Chairman Department of Marketing Bangladesh University of Business and Technology Dear Aslam sir, Here is the report on Fareast Islami Life Insurance Company Limited that you have asked us to submit on 27 April 2016. Our assignment was given by you to make a report on any Insurance company . we have choosen Fareast Islami Life insurance Company Limited and analyzed their performances throughout previous years. We are thankful to you for giving us assignment on such issue. Sincerely yours, Intellectuals Department of Marketing 2 nd semester, 2 nd Year Session 2013-14 Jahangirnagar University
Image of page 2
Page | 3 TABLE OF CONTENTS 1.0 Executive Summary .......................................................................................................... 4 2.0 Company Description ........................................................................................................ 5 Vision Mission Strategic Objectives Core Values-Islam 3.0 Products ............................................................................................................................ 6-7 Ordinary Life (Ekok Bima) Group Insurance Micro Insurance (Sharbojanin Bima) 4.0 SWOT Analysis……………………………………………………………………….. 8 Strength Weakness Opportunities Threats 5.0 Organization and Management ............................................................................... 9 Corporate Management Executive Vice President Senior Vice President 6.0 Corporate Governance …………………………………………………………… 10-12 Organogram of Board and It ’s committees Board Compositing and it’s operation size of the board Composition Independent director Membership of independent director Tenure and retirement Director compensation Committee charter Meeting Directors’ responsibility Contract to director Fareast Islami life insurance co. LTD. 7.0 Conclution…………………………………………………………………………. 12
Image of page 3

Info icon This preview has intentionally blurred sections. Sign up to view the full version.

View Full Document Right Arrow Icon
Page | 4 Executive Summary Fareast Islami Life Insurance Co. Ltd. emerged as the 1st full-fledged Islami Life Insurance Company in the country in 2000 and have, by the grace of Almighty Allah, been able to bring confidence among the common people of the country. Our Company has earned a total premium income of Tk. 707.46 crore, the highest among Bangladeshi Life Insurance Companies in the year 2012. The Life fund increased to taka 2,080.42 crore from taka 1,648.65 crore. The growth of life fund in the year of 2012 is 26.19% which is satisfactory and the financial position of the company is very sound since the assets increased to taka 629.85 crore. Last year we had taken a holistic approach in doing business with focus on quality customer service and business growth with decentralization of operational activities. With that in view, we have already opened 1012 Offices including 10 Divisional offices, 38 full-fledged Service Centers and 112 Zonal Offices in different places all over the country. With this, we have been pursuing this strategy consistently, reinforcing our approach with emphasis on growth within a frame work of trust, integrity, good governance and compliance with the legal and regulatory frame work of the country.
Image of page 4
Image of page 5
This is the end of the preview. Sign up to access the rest of the document.

{[ snackBarMessage ]}

What students are saying

  • Left Quote Icon

    As a current student on this bumpy collegiate pathway, I stumbled upon Course Hero, where I can find study resources for nearly all my courses, get online help from tutors 24/7, and even share my old projects, papers, and lecture notes with other students.

    Student Picture

    Kiran Temple University Fox School of Business ‘17, Course Hero Intern

  • Left Quote Icon

    I cannot even describe how much Course Hero helped me this summer. It’s truly become something I can always rely on and help me. In the end, I was not only able to survive summer classes, but I was able to thrive thanks to Course Hero.

    Student Picture

    Dana University of Pennsylvania ‘17, Course Hero Intern

  • Left Quote Icon

    The ability to access any university’s resources through Course Hero proved invaluable in my case. I was behind on Tulane coursework and actually used UCLA’s materials to help me move forward and get everything together on time.

    Student Picture

    Jill Tulane University ‘16, Course Hero Intern