Prime Insurance Company Limited is a second-generation private sector non-life insurance company in Bangladesh. Its vision is to be a leading insurer by maintaining high service standards. Its mission includes providing world-class service, increasing insurance awareness, enhancing public confidence in insurance, and introducing modern insurance products. Prime Insurance offers various products and services including fire, marine, motor, engineering, and miscellaneous insurance. In 2013, Prime Insurance achieved its highest business performance since inception, with a 22.41% growth in gross premiums over the previous year.

1. PPresented byresented by
Mehedi HasanMehedi Hasan
ID-1114ID-1114
Group name - Keen OrbitGroup name - Keen Orbit
7th Semester7th Semester
Presented to
Ms. Fahmida Ahmed
Lecturer, FBA, USTC
01/10/15 1mehedi89hasan@gmail.com

2. INSURANCE
 a. An arrangement or agreement that protects someon
e from incurring future losses, as from damage, theft, i
llness, or death,especially a contract that transfers the
risk of a specified loss to another party in exchange fo
r the payment of a premium.
 b. The sum or rate for which such a contract insures s
omething.
 c. The periodic premium paid for this coverage.
01/10/15 2mehedi89hasan@gmail.com

3. Introduction
 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
acrossthecountry.
01/10/15 3mehedi89hasan@gmail.com

4. VisionVision
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.
01/10/15 4mehedi89hasan@gmail.com

5.  Mission
 Providing world classservicewith supremesecurity to
our clients
 Increasing awarenessabout insurancein thecountry
 Enhancing public confidencein theinsuranceindustry
 Introducing modern insuranceproductscomparable
with international standards
 Emergeasan innovativeinsurer by providing complete
risk management solutionsto theclients
01/10/15 5mehedi89hasan@gmail.com

6. Product & service
 Fireinsurance
 MarineInsurance
 MarineHull
 Motor Insurance
 Engineering insurance
 Miscellaneousinsurance
01/10/15 6mehedi89hasan@gmail.com

7. 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 theyear asagainst Tk. 396.7 million
in thepreviousyear registering agrowth of 22.41%
over thelast year.
01/10/15 7mehedi89hasan@gmail.com

8. References
 www.licindia.in
 Wikipedia.org
 www.businessdictionary.
com
 www.investopedia.com
 www.irda.gov.in
 Prime Insurance website
01/10/15 8mehedi89hasan@gmail.com

9. 01/10/15 9mehedi89hasan@gmail.com

10. 01/10/15 9mehedi89hasan@gmail.com