Eastland Insurance Company Limited (EICL), a first generation nonlife insurance company was incorporated on November 5, 1986 as a public limited company under the Companies Act 1913 (at present 1994) with the vision to be one of the Par excellence non-life insurance companies in Bangladesh. It obtained the Certificate of Registration for carrying on insurance business from the Chief Controller of Insurance on November 22, 1986. The company started its business with a paid up capital of Tk. 30.00 million against authorized capital of Tk. 100.00 million being sponsored by a group of renowned business personalities and reputed industrialists of the country having involvement in diversified business.

Meanwhile, both authorized and paid up capital of the company have been enhanced to Tk. 1000.00 million and Tk. 814.37 million respectively as on December 31, 2020. EICL floated Initial Public Offerings (IPO) in 1994. The shares of the company are listed with both the bourses of the country under “A” category issue. EICL, awarded by CRISL AA+ credit rating. The Company has been operating its business with a network of 27 branches in different key point of the country. The company earned gross premium of Tk. 1,035.32 million in 2019 against Tk. 1,114.62 million in 2018 . Head Office of the company is located at 13, Dilkusha C/A, Dhaka-1000.

Mr. Mahbubur Rahman, Chairman is an eminent business personality in Bangladesh. He is the President of International Chamber of Commerce (ICC) Bangladesh, Chairman Bangladesh International Arbitration Center (BIAC), Member Business Advisory Council (BAC) of the United Nations Economic and Social Commission for Asia and the Pacific (UNESCAP), Bangkok, Member, Board of Governors, Institute of Business Administration (IBA), University of Dhaka, Member of the Board of Bangladesh Open University (BOU) and Dhaka Stock Exchange Limited. He is the former Chairman of National Bank Ltd. and National Bank foundation, former President of Federation of Bangladesh Chamber of Commerce & Industry (FBCCI) and Dhaka Chamber of Commerce & Industry (DCCI). Besides, he is associated with host of Social Organizations at home and abroad.

Management team consists of a group of experienced professionals and is headed by Mr. Arun Kumar Saha as the Managing Director & CEO, with over 37 years of experience in the insurance industry. Mr. Saha started his career with Sadharan Bima Corporation as Trainee Officer in 1981. He worked in Underwriting, Claim, Re-Insurance, Export Credit Guarantee & Administration Department from 1981 to 2011. He retired from SBC as General Manager.

Eastland focuses on providing professional services of the highest quality to its clientele which include many reputed large national and multinational conglomerates. Over the years, Eastland has established its track record as a sound and dependable insurer, providing insurance solution to the individual needs of its clients and consistently meeting its commitments.

Financial performance of the Company has been positive, delivering both underwriting and investment income and giving attractive returns to its shareholders. The Company has been maintaining over the years strong corporate culture, corporate governance, ethical standards, corporate social responsibilities, superior underwriting skills and abilities and dynamic investment management.

Eastland encompasses not only development of new products and services, but also marketing activities aimed at tapping the hitherto untapped segments of the market. The Company is fully aware of its social responsibilities and aims its future developments activities to bring insurance services and benefits to the reach of the common people of Bangladesh.