A Report on Insurance practice in

Bangladesh

A Study On
Fareast Islami Life Insurance Company
Limited

Group Name:

THE UNTITLED

Sl.
No

Name

ID

S.M. Faisal

328

Md. Tariqul Islam Khan

332

Faysal Ahmed

338

Khairul Anam Rochi

364

Gazi Abdul Walid

371

Letter of Transmittal

Date: October 2, 2013

The principal
Dhaka City College
Road # 2, Dhanmondi
Dhaka - 1205
Subject: Submission of a report on Fareast Islami Life Insurance Company Limited.

Dear Sir,
With due respect, the students of group Unnamed BBA (13th Batch), Section - E have
completed the report paper based on the Study on Fareast Islami Life Insurance Company
Limited as the course requirement of BBA program.
Here we tried carry on the overall insurance activity of the company in an objective manner. We
tried our best to work sincerely to cover all aspects regarding the matter. We had some
limitations preparing this report, enjoyed preparing it though. Furthermore, it has contributed
significantly to our understanding of practical knowledge.
We have tried our best to complete this report without any fault. We hope that you will take any
mistake with kind consideration and appreciate our effort.

Sincerely,
Md. Tarequal Islam Khan
(Group Leader)
On behalf of the group Unnamed

Acknowledgement
Apart from our effort, this report has been made possible by the dedication and conditions from a
number of individuals. First of all we would like to express our sincere gratitude to Mr. Md
Shahinur Sobhan sir for helping us during the total process takes. His commitments to
advancement of knowledge and students welfare always encourage us.
This work would not be possible without the help and assistance of our respectable teacher. We
humbly appreciate the patience of all individuals for their kind cooperation during the entire
program takes place.

Executive Summary
It is the analysis of general insurance policies, conditions, financial analysis risk measurement
technique of Fareast Islami Life Insurance Company Limited. That result from this study is to
add the following topics:
Introduction of the general insurance policies of Fareast Islsmi Life Insurance Limited
Company.
Customer service facilities Fareast Islsmi Life Insurance Limited Company.
Financial condition Fareast Islsmi Life Insurance Limited Company
Fareast Islsmi Life Insurance Limited Company was formed in 2000 and started full service
branch operation in Bangladesh and has since been marketing individual and group life insurance
products with remarkable success.
To know the indeed position Fareast Islsmi Life Insurance Limited Company we have compared
its facilities with Progressive Islsmi Life Insurance Limited Company and Prime Islsmi Life
Insurance Limited Company and at last the finding shows us the real position of Fareast Islsmi
Life Insurance Limited Company.
By going through this analysis we can arrive at this decision that Fareast Islsmi Life Insurance
Limited Company is one of the advance limited companies in Bangladesh.

Chapter-1
INTRODUCTION

Chapter-2
COMPANY OVERVIEW

Chapter-33
INSURANCE POLICIES & CONDITIONS

Chapter-44:
RISK ISSUES OF COMPANY

Chapter-55:
INSURANCE PRICING, CLAIM
SETTLEMENT, INSURANCE
MARKETING & RE INSURANCE

Chapter 6: 6
PERFORMANCE ANALYSIS OF THE
COMPANY & COMPARISION WITH
PEER GROUPS AND INDUSTRY
AVERAGE

CHAPTER 77
: COMPANY ANALYSIS

CHAPTER 88
: FINDINGS RECOMMENDATION &
CONCLUSION