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Monday, July 6, 2015

Meghna life Insurance

 Company:

After the liberation war the first Insurance company that is established by some enthusiastic Bangladeshi professional along with some other of similar state.There aim is to participate in the financial activities of the country which will be help the country in many sectors such as reduction of unemployment alleviation of poverty and for the development of common people. At last Meghna Life Insurance Company Limited was established in 1996 after a long planning.

The main objective of Meghna Life Insurance :

  1. To provide maximum financial security to a person and families.
  2. To turn it into a profitable savings institution through payment of bonus at an attractive and enriched servicing.
  3. Also try to invest in the nation building with various welfare and profitable project.

Capital of the Company:

The authorized capital of the company is Tk. 60 crore and paid up capital at present stands at tk. 23.0343 crore.

Rate of the used Capital in various sectors:

Year
Premium income
Life fund
Investment
In 1996
3.30 crore
0.04 crore
2.59 crore
In 2012
400.41 crore
10.4714 crore
803.06 crore

From 1996 to 2012 Meghna Life paid huge amount in various sector –
           
1.      Death  claim- 48.38 crore
2.      Survival benefit- 246.47 crore
3.      Maturity claims-107.37 crore
4.      As bonus for policy holders-  31.48 crore

At a short time it was unable to gain its destinations and being the top listed among the private sectors indigeous companies. It earned its reputation in its every sectors which are molded with transparency accountability, impeccable, working capacity, sincerity, honesty and sagacity. It change it products with the customers needs and satisfactions. So, there are a great chance for this company to go forward with its successful progress.


Service:

Policies of meghna life insurance: 

Baased on the customer’s requirement Meghna Life Insurance company offers different types of policies.Those are –
                            
                                    1.Ordinary Life(Ekok Bima)
                                    2.Group Bima
                                    3. Loko Bima
                                    4.Islami Bima (Takaful)
                                    5.Islami Khudra Bima (Taka
                                    6.Swanirvor Bima

Ordinary Bima :

Endowment with open term, pension plan, child protection plan, etc. and the aim of increasing pension, increasing protection with provision for premium refund etc. are the main objective of the ordinary Bima or Ekok Bima.

The following are the plans of ordinary life:(Ekok Bima)

Endowment Insurance plan
3(three) payment Insurance plan
Biennial endowment Insurance plan
Child protection endowment Insurance plan
Insurance Cum pension plan
Single premium Guaranteed Benefit plan
Education Expense Insurance plan
Premium Back term Insurance
Islami Enodowment plan
Islami Biennial payment Assurance plan
Islami 5 instalment Insurance plan
                        Meghna life DPI

Loko Bima :

Loko bima project which helps people of the country towards savings and helps people to be conscious and how to be self reliant. This project is started from 1998. It helps a society by many ways. The main purpose of this project is reduction of unemployment problem, population control, development of cottage industry, rural development etc.

Sl no
Schemes
1
Endowment insurance plan-with profit
2
Childs protection endowment insurance- with profit
3
Meghna deposit premium schemes-with profit
4
Single premium insurance-with profit

Islami Bima (Takaful) :

Islami  gives a peaceable servicing on the basis of Islami shariah. The object of this project is to give the financial security of the people of this country. It turns life insurance into a profitable savings arrangement through the payment of installment.

SI no.                                                              Schemes

1.Islamic  Endowment Insurance Plan (Takaful) –With Profite
2.Islami Takaful 3 Payment Insurance Plan - With Profite
3.Islami Bima (Takaful) Biennial Endowment Insurance Plan-With Profit
4.Islami Bima (Takaful) Child Protection Endowment Insurace Plan –With profits
5.Islami Bima (Takaful) Insurance-Cum Pension Plan –Without profits
6.Islami Bima (Takaful) Single Premium Guaranteed Benefit Plan – Without Profit
7.Islami Bima (Takaful) Education Expense Insurance Plan –With profit
8.Islami Bima (Takaful) Premium Back Term Insurance –Without profits
9.Islamic Endowment Plan (Takaful)-With profit
10.Islamic Biennial Payment Assurance (Takaful) Plan – With Profit
11.Islami 5 (Five) Instalment Insurance Plan – With profits
12.Takaful Islami DPI – With Profits


Islami Khudra Bima (Takaful) :

Islami Khudra Bima is a modern insurance project which encourage the lower income group of people of Bangladesh to save money. It ensures profit to people to the Islami shariah. This are the following plans-

SI                                            Schemes
1.Endoment Insurance –With Profit.
2.Child Protection Endowment Insurance –With Profits.
3.Single Premium Guaranteed Insurance –With Profits.
4.Islami Khudra DPS –With Profits.




Managemant:


Managing Director & CEO
Muhammed Shah Alam,FCA
Adviser (A &F)
M.A. Majid-FCA

Director Marketing & Development
LT.Col. M Shamsuddin Ahmed (Retd.)
Director –Admin.& HR
Professor Md.Mohiuddin

Deputy Managing Directors
D.S.Taiful Islam
N.C. Rudra
Md.Sadequr Rahman

Senior Executive Director & CFO
Mohammed Tarek FCA

Senior Executive Directors
Md.Abdur Razzaque
Abu Bakar siddik sohel
Quamrul Hasan Khondker
Md.Abul Basher
Sirajul Islam Mollah
Mosharraf Hussain

Join Executive Directors
Md.Faruk Ahmed siddique
Saifuddin Ahmed (OPU)
M.A. Rashid Hawlader

Senior General Manager & Company Secretary
Aziz Ahmed

Senior General Managers
Md.Shamsul Hoque
Md.Anwar Hossain
Md.Shahjahan Ali Mallick
Mian Mohd.Mashiur Rahman
Md.Nizam Uddin

General Manager
Md.Yousuf  Uddin

  

Company Committees


Members of Audit Committee
Chairman
Proffessor Md.Ansar Ali
Member
Nasir Uddin Ahmed
Member
Riaz Uddin Ahmed
Member
Prefessor Md.Mazharul islum
Member
Members of Management Committee
Member
Muhammed Shah Alam, FCA Convene                                                                     
Member
M.A. Majid FCA                                                                                           
Member
Lt.Col.(Retd) M Shamsuddin Ahmed                                                                      
Member
Professor Md.Mohiuddin                                                                                         
Member
D.S. Taiful Islum                                                                                                     
Member
N.C.Rudra                                                                                                                       
Member
Mohammad Tarek,FCA                                                                                          
Member
Md.Abdur Razzaque                                                                                                
Member
Abu Bakar Siddik Sohel                                                                                          
Member
Quamrul Hasan Khonodker                                                                                     
Member
Md.Abul Basher                                                                                                        
Member
Sirajul Islum Mollah                                                                                                
Member
Md.Faruq Ahmed Siddique                                                                                      
Member
Saifuddin Ahmed Member                                                                                      
Member
Md.Shamsul Hoque Member                                                                                   
Member
Md.Sadequr                                                                                                             
Member
Mian Mohd. Mashiur Rahman                                                                                 
Member
Md.Shahjahan Ali Mallick                                                                                      
Member
Aziz Ahmed                                                                                                              
Secretary

Information:



E-Mail & Contact us:

Date of
Incorporat                                                                               05.05.1996
Commencement of Business                                                   05.05.1996
Registration with Department of Insurance                           01.06.1996
Registered office Bima Bhaban (2nd fl 100,Motijheel C/A,
                                                                                                Dhaka-1000,Banglad

Phone, Fax mail                                                                      9558297,880-                                                                                                                                            29558993,880-2-9556
                                                                                                Fax No:880-2-9578
                                                                                                e-mail-info@meghnalife.com
Authorised Capital                                                                  Tk.60 Crore
Issued,Subscribed and paid up Capital                                   Tk.20.0343 Crore
Auditors                                                                                  Shiraz Khan Basak &
                                                                                                Chartered Accountant
                                                                                                R.K. Tower,
                                                                                                86,Bir Uttam C.R.Da
                                                                                                Road, (321 Sonargao Road),
                                                                                                Hatirpool,Dhaka 1205.

Date of 1st Trading of share in DSE & CSE                           04.09.2005
Advocate M.A.Wadud
                                                                                               The Law Society,Ispahani
                                                                                               Building (1st Floor),Motijheel
                                                                                               C/A, Dhaka 1000.

Claims: