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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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Stock dividend for the year ended on December 31, 2018 has been credited to the respective shareholders' BO accounts on July 14, 2019. The payment of cash dividend and the sale proceeds of the fraction bonus shares will be distributed within the stipulated time.

(Q3 Un-audited): EPS Tk. 0.18 for July-September, 2018 as against Tk. 0.15 for July-September, 2017; EPS Tk. 1.15 for January-September, 2018 as against Tk. 1.10 for January-September, 2017. NOCFPS Tk. 0.43 for January-September, 2018 as against Tk. 0.22 for January-September, 2017. NAV per share Tk. 21.48 as on September 30, 2018 and Tk. 21.66 as on September 30, 2017.

Credit Rating AA+ : Credit Rating Information and Services Limited (CRISL) has announced the Claim Paying Ability (CPA) Rating of the Company as "AA+" along with a stable outlook in consideration of audited financials of the Company up to December 31, 2017 also un-audited financials up to 30th June 2018 and other relevant quantitative as well as qualitative information up to the date of rating declaration. Rating "AA+" indicates very high claims paying ability (CPA) with strong protection factors supported by good financial performance and sound solvency position.

(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.

(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.

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.

EICL-Citizen Charter
Reinsurance, broadly speaking, is the insurance of insurance where the original insurer gets the risks covered with another (re-insurer) for the same reason the original insured get protection for. The reinsurance policy of the company is to purchase maximum reinsurance protection at minimum cost. Based on above philosophy, retention limit of different business segment of the company is being revised considering asset base, reserves, solvency, size of the portfolio, premium income, profitability, types of risks, pattern of loss, types of reinsurance and corporate strategy. Moreover, the retention of the company is protected by excess of loss treaty to minimize the retained loss under fire, marine and engineering policies. In accordance to present rule, 50% of the re-insurable general insurance business shall have to be reinsured with Sadharan Bima Corporation (SBC) and the remaining to be reinsured either with Sadharan Bima Corporation or outside Bangladesh. Eastland Insurance Company Limited takes reinsurance coverage for the rest 50% from the internationally reputed Re-Insurers such as

 Loyds of London, Munich-Re of Germany
 Swiss-Re of Switzerland
 General Insurance Corporation (GIC) of India
 Malaysian Reinsurance Berhad
 Africa Re
 Moscow Re
 BEST Re- insurance, Malaysia
 Amin Re, Iran
National Insurance Co. Ltd,, India
Aveni Re,Africa
Sen Re, Senegal
New India Insurance Co. Ltd., India
Oriental Insurance Co. Ltd., India
Iffco Toxio General Insurance Co. Ltd,, India
Korean Re-Insurance Co. Ltd., Korea
Asean Retakaful International (L) Ltd., Malaysia
Asian Reinsurance Corporation, Thailand
 Arthur Gallalgher Asia Pvt. Ltd. A.R.I.G Bahrain

Through renowned Multinational Re-insurance Brokers such as :

 Tyser, London
 J.B Boda, Mumbai
 Heritage Insurance Brokers Pvt. Ltd. Kolkata
M.B. Boda, Mumbai
 J.B Boda & Co.(s) Pvt. Ltd., Singapore
Protection Insurance Services WLL, Bahrain
Reliance Composite Insurance Broking Ltd., India
Aditya Birala Insurance Brokers Ltd.
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