Eastern Insurance Company Limited is one of the pioneer private sector insurance company in Bangladesh. It started its operation from the year 1986 and got its share listed in DSE during 1994 and in 1996 it got listed with CSE. It has earned reputation and trust in the market due to its strict adherence to ethics and fair business policy. All its policies lead to customer satisfaction and hence enhance the stakeholders value whether it is employee or shareholder.
Eastern Insurance Company has made its slogan “Symbol of Comprehensive Security” its way of business and made it true. Company is promoted by leading business houses of the country and they felt there is an urgent need in the country for personalized insurance services. It is their understanding that only nationalized company will not cope up with the changes in liberalized economy. Hence vision of Eastern Insurance Company was born.
Company has a vision to be an ideal one and to create value for stakeholders and clients. Company has mission of being most dynamic, innovative, customer centric and caring insurance company in Bangladesh. It is company’s objective to maximize client oriented service and to generate trust and confidence in them. Company intends to add new services from time to time and also with its effective operational management, wishes to maximize profit to give better value to all stakeholders.
From its inception company has stuck firmly to its vision and mission and achieved a unique identity. It has been one of the strict followers of the business ethics of insurance business in all its services and operations. Quality of service is always foremost in all of its services and has achieved client’s confidence and trust which is its intangible asset.
Company is operating from 23 branches spread all over the country and these branches are well connected with head office and able to deliver all type of services. Company is licensed to carry out all types of insurance business without any restrictions. It has re-insurance coverage from Sadharan Bima Corporation, a state owned reinsurance service provider. Company also has tie-up with renowned foreign Re-insurers for high value risks. It has been rated “A” (i.e. Claims Paying Ability – High) rating based on its performance by the CRISL.
Company has adopted affordable premium for its insurance policy for its customers. It has insurance services for following categories:
- Fire Insurance (It covers risk of Flood, Cyclone, Earthquake, Malicious damage, Electrical short circuit etc.)
- Marine Insurance (It includes insurance for Marine Hull, Marine Cargo, Rail, Truck, Lorry Risk etc.)
- Motor Insurance ( It covers risk for all types of Motor Insurance including Act liability)
- Engineering Insurance (Engineering Risks, such as Contractor’s All risk, Erection All Risks, Deterioration of stocks, and Machinery Break Down, etc. are covered in this insurance)
- Miscellaneous Insurance (It covers Misc. Insurances like Third Party liability, Public liability, Workman Compensation, Personal Accident, Cash in Transit safe and counter, etc.)
Above all company also has enough expertise and flexibility to design non–traditional coverage as per the client’s requirements. Company has a promising future lying ahead with its strong expansion plan and ability to bring innovative products in the future which will lead them to new heights.
Eastern Insurance Company Limited enlisted in Dhaka Stock Exchange in 1994, it’s been rated as “A” category share under the insurance sector as on 19-10-2014
Contact Information of Eastern Insurance Company Limited
Address: 44,Dilkusha C/A (2nd Floor) Dhaka-1000.
Phone: 9563033-34, 9564246-48
Fax: 88 02 9569735