In this report, we have tried to give an overview on Janata Insurance Company Ltd. How the company has come to its present state. How it conducts its functions & completes its activities.

1. WELCOME

2. TEAM
ALPHABET

3. Group Members
Shabab Jan
Chowdhury
Shefaz Been
Rahim
Anika
Tabassum
Md.
Ashikuzzaman
Asif
Shihab Bin
Kabir

4. JANATA INSURANCE LTD.
First generation Non-life Insurance Company
Founded 23rd September, 1986
30 Million to 1000 Million
IPO 1994
Rights Shares 2011

5. Ownership
Sponsors
Directors,
54.53%
General Public,
45.47%

6. Mission
 Operate accord to the law
 Sound & Dependable
Image
 National Growth
 Excellency in Customer
service
 Growth
 Innovation in products &
services
 Deliver optimum level value
 Social Obligation
Vision

7. Products &
Coverage
Misc.
Insurance
Marine
Insurance
Motor
Insurance
Eng.
Insurance
Fire
Insurance

8. Steps performed in Claim
Settlement
Appointment of
Surveyors
Submission to
Claim
Committee for
consideration
Transfer to
Reinsurer
Scrutinizing
Survey Report,
Policy and its
enclosures

9. Procedures in Submitting a
Claim
Informing Insurer
in written format
Insurance
Certificate & Policy
Submission of
supporting papers

10. Courses of Action Taken by
the Company
Settling Claim
A letter
of
Information
Engaging
Surveyor
Verifying Policy
&
Certificates

11. Dispute Between Company &
Clients
Complain to IDRA
IDRA verification
Court

12. Policies Sold in 2015
Fire
12%
Marine
23%
Motor
63%
Misc.
2%

13. Basic Challenges, Barriers
Unhealthy Competition
Market, Operational & Reputation Risks
Implementing & Managing Risk tools

14. Major Opportunities
Opening up New Branches.
Implementing new strategies i.e. Marketing, HR
policies etc.
Introduction of New Products.
Promotion of Marketing employees.

15. Peoples Opinions

16. Interview 1
Saving Money.
16000Tk per year.
Shoe & Leather cost.
Knowledge Barriers.

17. Interview 2
Like DPS.
Adequate for poor people.
Companies Selling false policies.
Premium Payment.

18. Interview 3
Little Interest.
Not effective.
Companies Selling false policies.
Legal Issues.

19. Interview 4
Risk Reduction.
Casualty Insurance.
Premium Issues.
Participations of Companies.

20. Interview 5
Safety Measurement.
Life Insurance Most Important.
Shikkha Britti Insurance.
GDP growth boost.

21. Recommendations
 Transparency &
Solvency in
Operations.
 Support from IDRA.
 Strong Legal System.
 Preventing Fraudulent
Org.
 Govt. Support.
 Systematic & Effective
Control System.