to clearly indicate it is a

1. PRESENTED BY
MEHEDI HASAN
CLASS ID 1114
GROUP NAME - KEEN ORBIT
7TH SEMESTER
01/10/15MEHEDI89HASAN@GMAIL.CO
M
1

2. TOPIC- COMPANY
PROFILE
01/10/15MEHEDI89HASAN@GMAIL.COM
2

3. OBJECTIVES OF THE
STUDY
 To gather comprehensive knowledge on
insurance activities.
 To identify the problem and Prospects of
Prime Insurance in Bangladesh
 To analyse the business performance of
Prime Insurance Company Lemited.
01/10/15MEHEDI89HASAN@GMAIL.COM
3

4. INSURANCE
 What is Insurance?
Insurance is a contract to pay
compensation in certain
eventualities (e.g., death, fire, theft,
motor accident) in return for a
premium.
The premiums are so calculated that on
average, in total, they are sufficient to pay
compensation for policy holders who will
make a claim, together with a margin to
cover administration costs and profit.
01/10/15MEHEDI89HASAN@GMAIL.COM
4

5. BACKGROUND
 Prime Insurance Company Limited is a second
generation private sector Non-life Insurance
Company. It is a well-known, trusted and
leading name in the general Insurance sector
of the country. Prime insurance Company was
incorporate as public limited company on 21
March 1996 under Companies Act 1994. The
Company is listed with Dhaka Stock Exchange
and Chittagong Stock Exchange as a publicly
traded Company. The Company carries its
insurance activities through nineteen branches
spread across the country.
01/10/15MEHEDI89HASAN@GMAIL.COM
5

6.  Vision
They envision being the leading insurer by
maintaining the highest standards of service
in all areas of our work in order to uphold
their status as one of the market leaders in
the insurance industry of Bangladesh.
01/10/15MEHEDI89HASAN@GMAIL.COM
6

7.  Mission
 Providing world class service with supreme security to
our clients
 Increasing awareness about insurance in the country
 Enhancing public confidence in the insurance industry
 Introducing modern insurance products comparable with
international standards
 Emerge as an innovative insurer by providing complete
risk management solutions to the clients
01/10/15MEHEDI89HASAN@GMAIL.COM
7

8. Their goal is to be the top insurer in the Non-life Insurance
sector of the country.
To achieve the goal we aim at-
Maximizing Insurance Coverage at a Minimum Cost
Responding quickly to new opportunities
Establishing a long term relationship with our clients and
business partners built on professional service and trust
Maintaining strong relationships with a wide variety of
partners, like- re-insurers, insurance brokers and so on.
Assessing and managing our business risks carefully
Goal
01/10/15MEHEDI89HASAN@GMAIL.COM
8

9. SHARE STRUCTURE
Shareholding Structure Taka
Sponsors
(As on January 31, 2014)
34.88%
11,80,73,200
Public Shareholders
(As on January 31, 2014)
65.12%
22,04,56,810
Capital
Paid-up: 3,38,53,001 ordinary shares of Tk 10
each
33,85,30,010
Authorized :
10,00,00,000 ordinary shares of Tk 10 each 01/10/15
9

10. PRODUCT & SERVICE
 Fire insurance
 Marine Insurance
 Marine Hull
 Motor Insurance
 Engineering insurance
 Miscellaneous insurance
01/10/15MEHEDI89HASAN@GMAIL.COM
10

11. BUSINESS PERFORMANCE IN
2013
 Prime insurance , one of the 1st generation
company was established in 1994 and
stepped into 19 years of its successful
operation. The company worked to bilateral
with clients that helped to increase
business and underwriting profitability
significantly. Continuing affrehenssive
business policy in 2013 was highest ever
since inception . The company earned gross
premium of TK.485.63 million during the
year as against Tk. 396.7 million in the
previous year registering a growth of
22.41% over the last year. 01/10/15
11

12. REFERENCES
 www.licindia.in
 Wikipedia.org
 www.businessdictionary.com
 www.investopedia.com
 www.irda.gov.in
 Prime Insurance website
01/10/15MEHEDI89HASAN@GMAIL.COM
12

13. 01/10/15MEHEDI89HASAN@GMAIL.CO
M
13

14. GET
INSURED
01/10/15MEHEDI89HASAN@GMAIL.CO
M
14