Mercantile Insurance Company Limited is functional as a public limited since 1996. MICL was started with Authorized Capital of Tk. 100 Crore and Paid Up Capital of Tk. 34.98 Crore. It has been listed in Dhaka Stock Exchange and Chittagong Stock Exchange later. Today it has spreaded its wings to 15 branches and has a team of 333 employees to serve its customer.
It is Mercantile’s vision to be an innovative, profitable and leading insurance service provider in the country. It is its vision to win the trust and confidence of its clients. Company wants to make the employees satisfied and make them valuable for the company and hence with their solid performance increase the shareholders value by growing their investment.
Company has a mission to be one of the leading insurance companies of Bangladesh by performing excellently in every aspect of business and fulfilling its responsibility towards society, stakeholders, employees and above all the customers. It is company’s motto to remain committed by way of cordial services.
Mercantile’s product portfolio has eight major type of General Insurance Product. They are:
• Industrial All Risk Policies
• Property and Marine Insurance
• Personal Accident Insurance
• Motor Insurance
• C.A.R Insurance
• Tsunami and Earthquake Insurance
• Business Interruption and Machinery Breakdown Insurance
• Health Insurance Including Overseas Mediclaim Insurance
Company has demonstrated solid financial result in the first half of the financial year 2012-13. Its net premium income during this period was at Tk. 108.2 Million, and net profit after tax for the same period was at Tk. 42.92. Both Premium income and net profit showed fantastic growth of 38.8% and 22.41% respectively when compared with FY11’s first half performance. EPS generated due to good profit for first half was at Tk. 1.12.
Mercantile Insurance Company Limited enlisted in Dhaka Stock Exchange in 2004, it’s been rated as “A” category share under the insurance sector as on 26-11-2014
Contact Information of Mercantile Insurance Company Limited
Address: Red Cresent Bhaban (1st Floor)
61, Motijheel , Commercial Area,Dhaka-1000
Contact Phone: 9557662-5
Web Address: www.mercantileins.com