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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. 0.54 for April-June, 2017 as against Tk. 0.28 for April-June, 2016; EPS was Tk. 1.02 for January-June, 2017 as against Tk. 0.58 for January-June, 2016. NOCFPS was Tk. 0.22 for January-June, 2017 as against Tk. 0.11 for January-June, 2016. NAV per share was Tk. 22.78 as of June 30, 2017 and Tk. 20.43 as of June 30, 2016.




The Cash Dividend (including sale proceeds of fractional bonus share) for the year ended December 31, 2016 has been credited to the respective shareholders' Bank Accounts on June 18, 2017 through BEFTN . The remaining un-remitted cash dividend will be dispatched through dividend warrant to the respective shareholders' address.




The bonus shares for the year ended December 31, 2016 has been credited on June 12, 2017 through Central Depository System to the respective shareholders' BO Accounts.




(Q1 Un-audited): EPS was Tk. 0.51 for January-March, 2017 as against Tk. 0.31 for January-March, 2016. NOCFPS was Tk. 0.21 for January-March, 2017 as against Tk. 0.09 for January-March, 2016. NAV per share was Tk. 25.42 as of March 31, 2017 and Tk. 24.36 as of December 31, 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.




The Board of Directors has recommended 10% cash and 5% stock dividend for the year ended on December 31, 2016. Date of AGM: 24.05.2017, Time: 3:00 PM, Venue: Spectra Convention Centre Limited, House No: 19, Road No: 7, Gulshan-1, Dhaka-1212. Record date: 08.05.2017. Comparative key Financial Indicators are EPS of Tk. 1.98, NAV per share of Tk. 24.36 and NOCFPS of Tk. 0.90 for the year ended on December 31, 2016 as against Tk. 1.84, Tk. 22.47 and Tk. 1.00 respectively for the same period of the previous year.




(Q3 Un-audited): EPS was Tk. 0.13 for July-September, 2016 as against Tk. 0.06 for July-September, 2015; EPS was Tk. 0.74 for January-September, 2016 as against Tk. 1.18 for January-September, 2015. NOCFPS was Tk. 0.15 for January-September, 2016 as against Tk. 0.34 for January-September, 2015. NAV per share was Tk. 23.02 as of September 30, 2016 and Tk. 22.47 as of December 31, 2015.




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
   
Eastland Insurance Company Limited carries out all types of general insurance business as per the Insurance Act, which includes Fire, Marine, Motor, Miscellaneous and Engineering business. Existing product lines of the Company are as follows:
Frequent power failure and voltage fluctuation is major problem in Bangladesh. To protect insured property from accidental fire we offer comprehensive range of Fire Insurance. An Insured can take the following coverage in Fire policy:
 Riot and Strike (R&SD) Damage
 Earthquake Damage
 Flood Damage
 Cyclone, Hurricane, Typhoon &Tornado Damage
 Air Craft Damage
 Explosion Damage
 Burning of forest, bush, jungle & the clearing of lands by fire Damage
We are also providing the following coverage’s:
 Fire Special Package Insurance
 Industrial All Risk Insurance (IAR)
 Comprehensive Machinery Insurance (CMI)
 Property All Risk (PAR)
Marine Cargo Insurance- Export & Import:

According to recommendations of the United Nations Conference on Trade and Development (UNCTAD), we are providing following coverage:
 ICC-A (All Risks)
 ICC-B
 ICC-C
 War & SRCC as additional coverage
We also provide Theft & Pilferage (TP) and Non-delivery coverage with ICC-B & coverage. ICC-A covers all risks with some exceptions. Moreover, we are providing Inland Transit coverage by Truck/Lorry/Rail/Burge/Country Boat as required by the Insured.

Marine Hull Insurance:
 Comprehensive cover on Hull & Machinery as per ITC Hull clause.
 Total Loss only including Sue and Labour charge on Hull & Machinery.
 Marine Country Boat.
 Comprehensive coverage on:
     • Private Vehicle
     • Commercial Vehicle
     • Motor Cycle
     • Transit (Motor Trade)
 Act Liability/ Third Party Liability.
 All Risk Insurance (AR)
 Air Travel Insurance (ATI)
 Business Interruption (BI)/Loss of Profit Insurance
 Contingency Liability Insurance (CLI)
 Cash-in-Safe Insurance (CIS)
 Cash-in-Transit Insurance (CIT)
 Cash-on- Counter Insurance (COC)
 Cash-on-Premises Insurance (COP)
 Commercial General Liability Insurance (CGL)
 Employer’s Liability Insurance (EL)
 Fidelity Guarantee Insurance (FG)
 Overseas Mediclaim Insurance (OMI)
 Product Liability Insurance (PDL)
 Public Liability Insurance (PL)
 Personal Accident Insurance (PA)
 Workmen’s Compensation Insurance (WP)
 Contractors All Risk Insurance (CAR)
 Erection All Risk Insurance (EAR)
 Machinery Break-down Insurance (MBD)
 Deterioration of Stock Insurance (DOS)
 Electrical Equipment Insurance (EEI)
 Boiler & Pressure Vessel Insurance (BPV)
 Contractors Plant & Machinery Insurance (CPM)
We also provide the following specialized products:
 Professional Indemnity Insurance policy
 Household Comprehensive Insurance
 Shopkeepers Insurance
 Comprehensive General Liability Insurance
 Cancellation and Abandonment Insurance for Games
Aviation
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