Management
The company has good number of dedicated and highly professional employees supported by qualified, experienced & technically sound executives.
The company is also fully equipped to provide prompt and efficient service by rendering expert advice to its client in planning their insurance programs in most economic and competitive terms consisted with safety and security.
Janab Mir Nazim Uddin Ahmed, B.Com.(Hons), M.Com. (Management), C.A. (C.C.), Associate of Bangladesh Insurance Academy is the Managing Director & Chief Executive Officer of the company. He has in his credit more than 31 years experience in general insurance line i.e. non-life insurance in different departments/categories/positions.
Human Resource Development
Service is our business. The company being a service provider operates on the basis of professional expertise relevant to insurance industry. Its product is service and its raw materials are human resources. The Non-Life insurance industry has since developed and expanded fast in order to meet the growing need of the economy. The company has procured the services of experienced professional personnel from the existing insurance operators including Sadharan Bima Corporation. The company also organizes training programs regularly for training fresh graduates as well as existing manpower for development of their faculties and thus to meet the growing need of human resources.
Performance of the Company
The company has started functioning since January 2000 and by this time 35 Branches have been opened in almost all the renowned business areas in Dhaka City, Narayangonj, Chittagong, Khulna, Rajshahi, Barisal, Rangpur and other important business centers of Bangladesh. We
have a plan to open a few more branches in different business centers in response to the demand of our valued clients. We have accordingly established a network of branches to the needs of our valued clients throughout the country.
Mission
- To provide non-parallel service, protect our policyholders interest and contribute to the stability of national economy.
- To promote Human Resource development and professionalism in insurance business.
- To maintain a cohesive and professional team in order to achieve service excellence to all of our customers.
- To provide the financial security to our clients with utmost good faith, sincerity and dedication.
- To conduct business fairly, honestly and with transparency.
Vision
- To make the company a sound reputation for dependability, professionalism, most confident and reliable insurer to the customer.
- To provide expeditious courteous services to all of our clients that promotes integrity, performance and personal growth and to main our leading edge in the industry by striving to boost our financial strength and profitability.
- To play meaningful role in the development of insurance industry in Bangladesh and to safeguard the legitimate interest of shareholders and all stakeholders.
Our Belief
We believe that customer must stand at the center of our all activities. We provide highest standard service in a friendly and compassionate environment.
Commitment
To conduct business on ethical practices with fairly, honestly and with transparency and
demonstrating continuous improvement confirm all laws, rules, norms, sentiments and values of the land.
Objectives
Best & perfonalized services to our customer and welfare of our employees, shareholders and all stakeholders.
Re-Insurance Protection
We have obtained adequate re-insurance coverage from state owned Sadharan Bima Corporation through surplus treaty agreement. Besides, we are in close liaison with foreign insurance technical experts and can obtain any expert opinion within a very short period of time. We are, therefore, in a position to underwrite any amount of risk in view of time above arrangement. At present, we are offering the following risk coverage to our valued clients
- Fire Insurance Scheme
- Marine Insurance Scheme
- Motor Vehicle Insurance Scheme
- Engineering Insurance Scheme
- Miscellaneous Insurance Scheme
Settlement of Claims
Settlement of claims is the sine qua non for any insurer. Prompt settlement of claims is our avowed motto which we deem to be the prime service rendered to the insured. We can humbly say that we settle claims as and when arise very promptly to the full satisfaction of our valued clients and thus have built up a reputation in this regard. Our Directors are very much eager to settle up the genuine claims as they are businessmen and industrialist.
In the year from 2010 to 2015 i.e. within 6 years, we paid total numbers of claim 1589 which amounting to Tk.29,22,79,474.00 (Taka twenty nine crore twenty two lac seventy nine thousand four hundred & seventy four).
Shariah Council
As an Islami Insurance Company, there must be a Shariah Council generally composed of renowned Ulemas, Shariah experts and Insurance experts and eminent Islami thinker on the model of Syarikat Takaful Malaysia Company and planning to establish business, technical investment wings accordingly.
Land and Building
Company has purchased a floor space at about 6900 sft. with two car parking in City Center, Level-16, 90/1, Motijheel C/A., Dhaka and has a intention to purchase a land for 10 Katha in Tejgaon, Gulshan & Banani area for future Head Office building.
