Brief Overview of the Company

1. Date of Incorporation: April 30, 2000

2. Commencement of business: April 30, 2000
3. Authorized Capital: Tk. 300 million
4. Paid up Capital: Tk. 60 million
5. Number of Branches: 12

Company Profile

The company was incorporated on 30th April 2000 under the company Act 1994 as a public
company Limited by shares for carrying out all kinds of general insurance activities and was
granted certificate for commencement of Business on 30th April 2000 for general insurance
business. Financial performance of the Company has been consistently positive, delivering both
underwriting and investment income and by giving attractive returns to its shareholders from
inception. The Authorized capital is Tk. 300 million consisting of 3,000,000 ordinary shares of
Tk. 100 each. The sponsors/subscribers have already contributed to the paid up capital of Tk.
60.00 million as required by the Chief Controller of Insurance. In fulfillment of the conditions of
license by the Chief Controller of Insurance, the company now proposes to raise the paid up
capital to Tk. 150.00 million by issuing 900,000 ordinary shares of Tk. 100.00 each by way of
initial public offering (IPO).
Since its establishment in 2000 as one of the leading general insurance companies in the private
sector, the Company has within a short span of time established itself as one of the most reputed
and trustworthy insurance companies in the country. Selective underwriting and prompt
settlement of claims have contributed towards building up a very respectable image of the
Company within the business community. The Company has 12 branches throughout the
country.
The future prospect of Asia Insurance Limited is not only to increase business volume but also to
upgrade the ranking and service quality of the Company. Asia Insurance emphasize on internal
and external training in different subject area for the human resource development of the
Company.

Asia Insurance Limited’s Vision

 To be one of the leading Insurance Company in the country.
 Providing integrated insurance service in the non-life sector.
  Having special track record of prompt customer service and speedy claim settlement.

Asia Insurance Limited’s Mission

 To enhance profitability through customer’s satisfaction.
 To create shareholders value.
 To continue commitment to excellence.

Asia Insurance Limited’s Objectives

 Meet customers demand with utmost effort.

 To ensure maximum protection of shareholders’ investment.
 To provide secured employment environment.
 To develop corporate culture and promote good governance.
 To maintain transparency in disclosures.

Business operation:
The company is carrying out following types of insurance/reinsurance:
 Fire insurance.
 Marine insurance.
 Motor insurance.
 Engineering insurance.
 Money Insurance.
 Industrial Category.
 Medical Category.
 Business Category.
 General Category.

Fire Insurance:

 Fire and Allied Perils Insurance

 Industrial All Risks Insurance
  Machinery Breakdown and Business Interruption Insurance
 Property All Risk Insurance
 Power Plant Operational Package Insurance
 Comprehensive Machinery Insurance (CMI)

Marine insurance:

 Marine Cargo Insurance

 Marine Hull Insurance
 Goods in Transit Insurance

Motor insurance:

 Private Vehicle Insurance

 Commercial Vehicle Insurance
 Motor Cycle Insurance
 Motor Transit Insurance
Engineering insurance:

 Contractors’ All Risks Insurance (CAR)

 Erection All Risks Insurance (EAR)
 Boiler & Pressure Vessel Insurance (BPV)
 Machinery Breakdown Insurance (MBD)
 Deterioration of stock Insurance (DOS)
 Contractors’ Plant & Machinery Insurance (CPM)
 Electrical Equipment Insurance (EEI)

Money Insurance

 Cash in Transit Insurance

 Cash in Safe Insurance
 Cash on Counter Insurance
 Cash in ATM Risk Insurance
 Bank Lockers Insurance
 Fidelity Guarantee Insurance
 Bankers’ Blanket Bond Insurance
Industrial Category:

 Burglary & House Breaking Insurance

 Workmen’s Compensation Insurance
 Peoples Personal Accident Insurance
 Public Liability Insurance
 Product Liability Insurance
 Employers’ Liability Insurance

Medical Category

 Overseas Medi-Claim (B&H) Insurance

Business Category

 Professional Indemnity Insurance

 Hotel Owners’ All Risk Insurance

General Category

 Personal Accident Insurance

 All Risks Insurance