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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
   
Top Management

Mr. Arun Kumar Saha
Chief Executive officer (CEO)
Mr. Arun Kumar Saha joined in Eastland Insurance Company limited (EICL) on March 14, 2012 as Additional Managing Director and subsequently he was promoted as Managing Director & CEO from 1st September, 2013 with the Approval from IDRA. 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. He obtained his M. Sc (Math) from university of Chittagong and has completed ABIA from Bangladesh Insurance Academy. Mr. Saha has participated in various training, seminars & workshop at home and abroad.

Mr. Abdul Hamid, FCA
Additional. Managing Director & CFO
Mr. Abdul Hamid, FCA joined in Eastland Insurance Company limited (EICL) on 21st March, 2012 as Deputy Managing Director & CFO and subsequently was promoted as additional Managing Director & CFO. Before joining EICL he served in Meghna Petroleum ltd. (a subsidiary of Bangladesh Petroleum Corporation) the then Esso Eastern Inco. USA as Manager accounts & finance. He also served in Eastern Insurance Co. ltd, Asia Insurance ltd, Northern General Insurance Co. ltd, Meghna Insurance Company limited holding different Senior Management Positions in Accounts, finance & audit Department for the last twenty three years. Mr. Hamid obtained his Masters with Honours in accounting from university of Dhaka. Mr. Hamid is a Chartered accountant. He is a fellow Member of “The Institute of Chartered Accountants of Bangladesh (ICAB)” and also the member of “The Institute of Internal Auditors (USA). Mr. Hamid participated in various training, seminars & workshop at home and abroad.

Mr. S.M. Morshed
Deputy Managing Director & Regional Head Khulna
Mr. S. M. Morshed joined in Eastland Insurance Company limited (EICL) as Deputy Managing Director & Regional Head in Khulna branch, Khulna. Before joining in EICL he worked with Bangladesh General Insurance Company ltd and Pragati Insurance ltd. in Senior Management Positions. Mr. Morshed obtained his B.Sc (Honours) in Statistics from university of Rajshahi. He also completed his MBA in finance & banking from South East University and has been working in Insurance Industry for the last twenty five years.

Mr. Md. Nurul Amin
Deputy Managing Director
Mr. Md. Nurul Amin joined in Eastland Insurance Company limited (EICL) on December 1986 as Senior Assistant (Marketing) and subsequently was promoted as Deputy Managing Director. He obtained his B.Com (Honours) and Masters in Accounting and has been working in Insurance sector for the last twenty seven years.

Mr. Md. Shafiul Alam Bhuiyan
Deputy Managing Director
Mr. Md. Shafiul Alam Bhuiyan joined in Eastland Insurance Company limited (EICL) on 2nd April 1987 as officer (Marketing) and subsequently promoted as Deputy Managing Director. He obtained his Masters with Honours in economics from Jahangirnagar University and has been working in Insurance sector for the last twenty seven years.

Mr. Aminul Islam
Deputy Managing Director
Mr. Aminul Islam joined in Eastland Insurance Company Limited (EICL) on 27-10-2014 as Deputy Managing Director (Marketing). Before joining in EICL he worked with Bangladesh General Insurance Company Ltd., Prime Insurance Company Ltd., Pragati Insurance Company ltd. and Dhaka Insurance Company Ltd. In Senior Management positions. He obtained his Masters in Science from Jahangir Nagar University and has been working in insurance Industry for the last Twenty Nine years.

Mr. Md. Zakaria Chowdhury
Deputy Managing Director
Mr. Md. Zakaria Chowdhury joined Eastland Insurance Co. Ltd. (EICL) in 1987 as Officer (Development) and was subsequently promoted as Deputy Managing Director. Mr. Chowdhury an M.Com, has been working in Insurance sector for last thirty years.

Mr. Md. Shamsul Hoque
Deputy Managing Director
Mr. Md. Shamsul Hoque joined Eastland Insurance Co. Ltd. (EICL) in 1988 as Officer (Marketing) and was subsequently promoted as Deputy Managing Director. Mr. Hoque, a Commerce Graduate has been working in Insurance sector for last 29 years.

Mr. Md. Jamal Uddin Haider
Deputy Managing Director
Mr. Md. Jamal Uddin Haider joined Eastland Insurance Co. Ltd. (EICL) in 2017 as Deputy Managing Director. Mr. Haider, an MA from Chittagong University, has 32 (thirty two) years working experience in Insurance sector.

Mr. M. Golam Hafez
Deputy Managing Director
Mr. M. Golam Hafez joined Eastland Insurance Co. Ltd. (EICL) in 2006 as Vice President and was subsequently promoted as Deputy Managing Director. Mr. Hafez an M.Com with Hon's in Management, before joining EICL, worked in Prime Insurance, Pragati Insurance, Dhaka Insurance and Bangladesh General Insurance Co. as Executives.

Mr. Md. Mazibur Rahman
Deputy Managing Director
Mr. Md. Mazibur Rahman joined Eastland Insurance Co. Ltd. (EICL) in 2003 as Vice President and was subsequently promoted as Deputy Managing Director. Mr. Rahman, an MSc, before joining EICL, worked in different General Insurance Companies for about 12 years.
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