Asia Insurance Limited is a major insurance company of Bangladesh in the non-life insurance sector. It started its operations from April 2000. Company is promoted by leading businessmen and industrialists of Bangladesh. It got listed in CSE and DSE in the year 2009. Today within short span of operation company has grown to 18 branches and has a team of 237 (as on December 2012) highly qualified young and experienced management personnel’s to serve the customer better.
It is company’s vision to provide timely service and speedy claim settlement service to its customer and be a leading player in non life insurance sector in the country. It is Asia Insurance Limited‘s mission to generate profit only through customer satisfaction and commitment to improve in service and take it to level of excellence and hence creating the shareholders value.
Asia Insurance Limited was formed with following objectives:
- To satisfy customer’s genuine demand with all the efforts
- To protect the shareholders money by increasing the company’s value by enhancing profitability
- To give its employees a sense of security and hence an atmosphere to give their best performance
- To develop professional management and hence give good governance to the customer
- To maintain all levels of transparency in disclosing the company information and doing it regularly
Company has spread its wings in almost all the sectors of non life insurance business. It provides services in various sectors at most affordable rates so as it becomes easy for all types of customers.
Company has insurance services for:
Fire insurance for all types of industries
Company has Marine Cargo Insurance services for goods transit by Steamer, Powered Vessel, Rail, Truck, Lorry, Road, Inland Cargoes, Air Cargo etc.
Company provides insurance on Machinery, Deterioration of Stock, Boiler and Pressure Vessel, Electronic Equipment, Erection and all type of contractors risks.
Company gives insurance on automobiles such as Commercial Vehicle, Private Vehicles, Scooters etc
Company provides insurance services for Burglary and House Breaking Insurance, Insurance for Cash in Safe, During Transit, in counter and within premises.
Company provides various back office services like issuing policy, cover note, certificate etc. It also guides customers properly for insurance claim services. Company guides the customers with proper product knowledge so as they can make the most appropriate choice at an affordable rate.
Today Asia Insurance Company Ltd total premium income stood at Tk. 300,150,209 which can be divided between four major categories as under
|Miscellaneous Account||Tk. 352,889,24|
|Marine Account||Tk. 141,471,926|
|Fire Account||Tk. 947,869,89|
|Motor Account||Tk. 286,023,70|
At present stage, Asia Insurance is sitting on sufficient cash reserves for its business operations and has given enough security and safety to its consumers for their money. Company is given credit rating of A+ by CRISL which states good security. Hence Asia Insurance Limited is considered today as one of the most reliable name in marine, fire, motor and other miscellaneous insurances.
Asia Insurance Limited enlisted in Dhaka Stock Exchange (DSE) in 2009, it’s been rated as “A” category share under the insurance sector as on 10-04-2014
Contact Information of Asia Insurance Limited:
Head Office: T.K. Bhaban (7th Floor),13, Karwan Bazar,Dhaka-1215.
Phone: 8141033-4, 9131222, 9137244.