Eastland Insurance Company Limited is one of the foremost first generation general insurance company belonging to private sector in Bangladesh. It was established in 1986 and was listed in Dhaka Stock Exchange in 1994. Company successfully completed 28 years of its operation in November 2013.
Company is following the principle of dynamic activism in business policy and hence stays ahead from the competitors and also obtains best deals from the reinsurance companies in the world. Today company is considered to be in league of top 10 general insurance companies of Bangladesh. Its slogan “The name you have learnt to trust” has became the symbol of trust in insurance sector among the people in Bangladesh. Its clientele includes individuals, banks, MNC’s, large trading houses and big FI’s among others.
Eastland has a vision to double its revenue in coming five years and work actively for betterment of all its stakeholders by giving them secured investment options. Company has a mission to “have all of its services and product risk free and giving good returns apart from insuring the client’s requirements”
Eastland Insurance has grown to 24 branches and been offering its insurance products from all of them. Its product and services can be categorized into six different categories. These are
- Fire Insurance
- Marine Insurance
- Motor Insurance
- Miscellaneous Insurance
- Engineering Insurance
- Specialized Products
Among all these major products coverage in each category includes
- Fire Insurance: (Covering Damage due to Riot, Earthquake, Strike, Flood, Cyclone, Tornado, Explosion, Burning of Forest, etc.)
- Marine Insurance :- (Covering ICC A,B, and C as per UN (United Nations) guidelines, Theft and non delivery of goods etc.)
- Motor Insurance :- (Covers accidents on Private Vehicle, Commercial Vehicle, Motor Vehicle and it has also products for third party coverage)
- Miscellaneous Insurance (It includes insurance for Business risk, Air Travel, Cash in safe, office and premises, Workman compensation insurance, etc.)
- Engineering Insurance (It covers risk for all engineering services like contractors services, machinery breakdown while erection, electrical insurance, and contractors plant –machinery insurance, etc.)
- Specialized Products (It includes Specialized products like Indemnity insurance, house hold comprehensive plans, shopkeepers insurance, Cancellation of sports events, aviation insurance, etc.)
Among its total twenty four branches it has fourteen branches in Dhaka, three in Chittagong, five in Khulna and one each in Rajshahi and Sylhet. Company’s employees comprise of executives with rich experience in industry and are a mix of young and experienced with dynamic in edge and are always ready to meet the challenges lying ahead. Till now company has lived to its promises and holding its services in good and bad weather. Today Eastland’s name has been engraved in the hearts of thousands Bangladeshi.