P P resented by resented by Mehedi Hasan Mehedi Hasan ID-1114 ID-1114 Group name - Keen Orbit Group name - Keen Orbit 7th Semester 7th Semester Presented to Ms. Fahmida Ahmed Lecturer, FBA, USTC 03/20/22 1 [email protected]
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PPresented byresented by
Mehedi HasanMehedi HasanID-1114ID-1114
Group name - Keen OrbitGroup name - Keen Orbit7th Semester7th Semester
Presented to
. Ms Fahmida Ahmed, , Lecturer FBA USTC
04/15/23 [email protected]
INSURANCE
a. An arrangement or agreement that protects someone from incurring future losses, as from damage, theft, illness, or death,especially a contract that transfers the risk of a specified loss to another party in exchange for the payment of a premium.
b. The sum or rate for which such a contract insures something.
c. The periodic premium paid for this coverage.
04/15/23 [email protected]
Introduction
Prime Insurance Company Limited is a second generation private sector Non-life Insurance Company. It is a well-known, trusted and leading name in the general Insurance sector of the country. Prime insurance Company was incorporate as public limited company on 21 March 1996 under Companies Act 1994. The Company is listed with Dhaka Stock Exchange and Chittagong Stock Exchange as a publicly traded Company. The Company carries its insurance activities through nineteen branches spread across the country.
04/15/23 [email protected]
VisionVisionThey envision being the leading insurer by maintaining the highest standards of service in all areas of our work in order to uphold their status as one of the market leaders in the insurance industry of Bangladesh.
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Mission Providing world class service with supreme
security to our clients Increasing awareness about insurance in the
country Enhancing public confidence in the insurance
industry Introducing modern insurance products
comparable with international standards Emerge as an innovative insurer by providing
complete risk management solutions to the clients04/15/23 [email protected]
Product &service
Fire insurance Marine Insurance Marine Hull Motor Insurance Engineering insurance Miscellaneous
insurance
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Business Performance in 2013 Prime insurance , one of the 1st generation
company was established in 1994 and stepped into 19 years of its successful operation. The company worked to bilateral with clients that helped to increase business and underwriting profitability significantly. Continuing affrehenssive business policy in 2013 was highest ever since inception . The company earned gross premium of TK.485.63 million during the year as against Tk. 396.7 million in the previous year registering a growth of 22.41% over the last year.
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References www.licindia.in Wikipedia.org www.businessdictionary.co
m www.investopedia.com www.irda.gov.in Prime Insurance website
04/15/23 [email protected]
04/15/23 [email protected]
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