United Insurace Compnay

2. Group-10
Name ID
Md. Raju BIswas 12302104
Priya Sarker 12302131
Nilufar Yeasmin 13102155
Sabrina Monjur 13102199
Kazi Samima 13102401

3. EXECUTIVE summery
United Insurance Company Ltd. (UICL) is a
Public Limited General Insurance Company
(Non-Life) maintaining the traditional values of
insurance business since commencement in
1985. The Company transacts a wide range of
General Insurance business in Bangladesh
including Health Plan Scheme and has gradually
developed goodwill and expertise in the field with
sound and stable financial position.
The Company is a close associate of Duncan
Brothers (Bangladesh) Limited (largest tea group
in Bangladesh) and National Brokers Limited.
UICL is also a major shareholder of United
Leasing Company Limited which was sponsored
by Asian Development Bank, Commonwealth
Development Corporation, Lawrie Group Plc of
United Kingdom and others.

4. Mission Statement
To be the leading provider of
the highest quality of
insurance service.

5. Mission:
 To operate in accordance
with the law of the land and
as per international norms
and practices.
 To provide promptly the
best possible services
ensuring security of our
clients.
 To extend a professional
hand to our clients at all
times.
 To serve the interests of
the shareholders

6. Organ gram of United Insurance Company
Chairman
Managing Director
Director Director Director Director from Public Sector
Independent Director
Independent Director

7. Products at a Glance
 Marine Insurance Policy
 Marine Cargo
 Marine Hull
 Fire Insurance Policy
(including Flood, Cyclone, &
Earthquake coverage)
 Public Liability Policy
 Product Liability Policy
 Machinery Breakdown Policy
 Boiler & Pressure Vessel Policy
 Motor Insurance Policy
 Cash-in-Safe
 Cash-in-Transit
 Cash-on-Counter
 Cash-in-Premises
 Consequential Loss
 Contractor’s All Risk Policy
 Erection All Risk Policy
 Industrial All Risk Policy
 Deterioration of Stock Policy
 Fidelity Guarantee Policy
 Personal Accident Policy
 People’s Personal Accident Policy
 Workmen’s Compensation
 Health Plan Scheme
 Overseas MediClaim Coverage
 Dread Disease Policy
 Householders Comprehensive
Insurance
 Electronic Equipment Insurance

8. Health Plan
IT IS ALL ABOUT YOU AND YOUR
EMPLOYEES
 The Choice
There is a choice of four Plans each
offering excellent value for the money
and a wide range of benefits.

They are as follows:
• Basic Plan :
Tk. 25,000/- per person per year
Standard Plan :
Tk. 50,000/- per person per year
Executive Plan:
Tk. 75,000/- per person per year
• Premier Plan : Tk.100,000/- per
person per year
All Plans cover Maternity Benefits at no
extra charge

9. Claim Procedure for Motor Insurance
 Contact the policy issuing Office of United
immediately
 In case of major accidents including fire/riot
losses keep the vehicle at the accident spot/
site until the spot survey or comes to the place
of accident and inspects the same.
 Simultaneously if there are any third party
injuries/ deaths make sure to inform the
nearest Police Station about the accident
 It should be ensured that under no
circumstances repair work is commenced until
the final surveyor verifies the damage and
gives green signal to proceed with the repairs.
 .After the repairs are carried out for partial loss
claims you have to submit the cash bills for
spare parts and labour and seek
reimbursement if the claim is admissible.

10. Financial Analysis
2009 2010 2011
United Ins 1.21 1.17 1.18
Phoenix Ins 0.66 0.5 0.4
Marcentile Ins 1.95 1.99 1.57
Karnaphuli Ins 3.25 2.43 4.63
Northern Ins 2.29 3.16 3
0
0.5
1
1.5
2
2.5
3
3.5
4
4.5
5
Equity Multiplier

11. Financial Analysis
2009 2010 2011
United Ins 10% 20% 14%
Phoenix Ins 11% 12% 10%
Marcentile Ins 9% 8% 9%
Karnaphuli Ins 12% 13% 10%
Northern Ins 7% 5% 6%
0%
5%
10%
15%
20%
25%
Return on Asset

12. Financial Analysis
2009 2010 2011
United Ins 8% 23% 16%
Phoenix Ins 7.17% 5.80% 4.00%
Marcentile Ins 16.70% 15.00% 14.00%
Karnaphuli Ins 38% 42% 44%
Northern Ins 17% 14% 18%
0%
5%
10%
15%
20%
25%
30%
35%
40%
45%
50%
Return on Equity

13. Financial Analysis
2009 2010 2011
United Ins 1.46 4.13 3.18
Phoenix Ins 31.04 4.22 3.27
Marcentile Ins 1.81 2.07 1.54
Karnaphuli Ins 4.47 3.98 2.35
Northern Ins 13.33 11.19 1.51
0
5
10
15
20
25
30
35
Earnings Per Share

14. Financial Analysis
2009 2010 2011
United Ins 1.69 1.83 1.91
Phoenix Ins 7.76 1.06 0.65
Marcentile Ins 0.1 1.2 1
Karnaphuli Ins 0.67 0.8 0.35
Northern Ins 8.33 1.68 0.23
0
1
2
3
4
5
6
7
8
9
Dividend Per Share

15. Findings & Recommendation
1. Insurance business in our
country is not that much
popular because of the
poverty.
2. Bangladesh is a developing
country and most of the
people live in the village.
3. They don’t have sound
knowledge about the
insurance program.
4. Lack of public awareness.
5. Late claim process.
1. More Television and print
advertisement.
2. For the village United
Insurance company should
introduce the micro
insurance program for the
small business in villages
3. By the more advertisement
United Insurance company
should spread more
information.
4. For increasing Awareness
they should organize
campaign and seminar
about the risk transfer.
5. They should process claim
faster

16. Conclusion
United Insurance Company Ltd. (UICL) is a Public Limited General Insurance
Company (Non-Life) maintaining the traditional values of insurance business
since commencement in 1985. The Company transacts a wide range of
General Insurance business in Bangladesh including Health Plan Scheme
and has gradually developed goodwill and expertise in the field with sound
and stable financial position. It is not only doing business but also doing
corporate social responsibility to improving the society. UICL has a great role
to the industry are as it decreasing risk in the day to day operation. It also
playing an important role to improving our economy.