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Eastland the name you have learnt to trust. We are well equipped with latest technology and a team of astute and experienced personnel to meet your all insurance needs; such as Fire, Industrial All Risk, Marine Cargo, Marine Hull, Motor, Engineering, Aviation, Personal Accident, Overseas Mediclaim Insurance and Miscellaneous Risks.
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Notice
(Q2 Un-audited): EPS was Tk. 0.50 for April-June 2018 as against Tk. 0.50 for April-June 2017; EPS was Tk. 0.97 for January-June 2018 as against Tk. 0.95 for January-June 2017. NOCFPS was Tk. 0.25 for January-June 2018 as against Tk. 0.20 for January-June 2017. NAV per share was Tk. 20.75 as on June 30, 2018 and Tk. 21.59 as on December 31, 2017.




Cash dividend for the year ended on December 31, 2017 has been disbursed to the respective shareholders' Bank Accounts through BEFTN on July 22, 2018. The remaining un-remitted cash dividend will be dispatched through dividend warrant to the respective shareholders' address.




Stock dividend for the year ended on December 31, 2017 has been credited to the respective shareholders' BO accounts on July 12, 2018. The payment of cash dividend and the sale proceeds of the fraction bonus shares will be distributed within the stipulated time.




(Q1 Un-audited): EPS was Tk. 0.50 for January-March 2018 as against Tk. 0.48 for January-March 2017. NOCFPS was Tk. 0.23 for January-March 2018 as against Tk. 0.20 for January-March 2017. NAV per share was Tk. 22.52 as on March 31, 2018 and Tk. 23.21 as on December 31, 2017.




The Board of Directors has recommended 7.50% cash and 7.50% stock dividend for the year ended on December 31, 2017. Date of AGM: 28.06.2018, Time: 3:00 PM, Venue: Golden Tulip-The Grandmark Dhaka. Plot No. 84, Road No. 7, Block-H, Banani, Dhaka-1213. Record date: 15.05.2018. EPS of Tk. 2.17, NAV per share of Tk. 23.21 and NOCFPS of Tk. 0.97 for the year ended on December 31, 2017 as against Tk. 1.89, Tk. 23.20 and Tk. 0.85 respectively for the same period of the previous year.




(Q3 Un-audited): EPS was Tk. 0.16 for July-September, 2017 as against Tk. 0.12 for July-September, 2016; EPS was Tk. 1.18 for January-September, 2017 as against Tk. 0.70 for January-September, 2016. NOCFPS was Tk. 0.24 for January-September, 2017 as against Tk. 0.14 for January-September, 2016. NAV per share was Tk. 23.29 as on September 30, 2017 and Tk. 21.92 as on September 30, 2016.




CRIS upgraded the "Credit Rating" of Eastland Insurance to "AA+" outlook stable on its Audited Financial Statements for the year 2016. Rating "AA+" indicates very high claims paying ability (CPA) with strong protection factors supported by good financial performance and sound solvency position.




ICMAB BEST CORPORATE AWARD-2015: Eastland Insurance Company Limited has been awarded best corporate award 2015 in non-life insurance sector by the Institute of Cost and Management Accountants of Bangladesh (ICMAB)

Mr. Arun Kumar Saha, Managing Director received the award from Mr. Abul Mal Abdul Muhith, Hon’ble Minister, Ministry of Finance at a function at Dhaka on 26th October, 2016.

ICMAB identified best of the best after due consideration to many quantitative and qualitative factors in general and sector wise in particular and evaluated a company under the measurement of internationally and widely used standards.

The Managing Director of the Company said that Eastland maintained the maximum level of transparency, accountability and good governance during the period which helped it to get such an award.

The Managing Director thanked all members of ICMAB Best Corporate Award Committee for selecting Eastland Insurance Company as one of the recipients of this prestigious award and shared this achievement with valued clients, shareholders, members of the Board and the employees of the company.




Citizen Charter
   
The essence of insurance contract contemplates efficient service when distress falls upon the insured and renders assistance in no time most effectively to refill the loss suffered.

Eastland achieved built in reputation for its expeditious settlement of claim and capped with this honour stepped into 32nd years of its successful operation.

Eastland Claims Department is fully equipped with devoted and efficient professionals capable of providing personalized services to the valued clients round the clock. Simple procedures and formalities are followed in settlement of claims at the earliest. The department is headed by a highly motivated and experienced Deputy Managing Director and other dedicated qualified personnel.

The executives of Claims Department promptly rush to the spot of incident accompanied by a government licensed surveyor and take all necessary steps to minimize loss. Partial on account payment on the basis preliminary survey report is also paid to the insured considering severity of loss.

The company has settled claims amounting over Tk. 2,509 million so far. During the year 2017, it settled 379 number of claims for 233.57 million on account of fire, Marine, Motor and Miscellaneous insurance.

Claims Settled during last five years:

Year Taka in Million
2013  160.48
        2014                  273.92
        2015
                 320.33
2016  183.98
        2017  233.57

              1,172.28
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