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Group-10
Name ID
Md. Raju BIswas 12302104
Priya Sarker 12302131
Nilufar Yeasmin 13102155
Sabrina Monjur 13102199
Kazi Samima 13102401
EXECUTIVE summery
United Insurance Company Ltd. (UICL) is a Public Limited General Insurance Company (Non-Life) maintaining the traditional values of insurance business since commencement in 1985. The Company transacts a wide range of General Insurance business in Bangladesh including Health Plan Scheme and has gradually developed goodwill and expertise in the field with sound and stable financial position.
The Company is a close associate of Duncan Brothers (Bangladesh) Limited (largest tea group in Bangladesh) and National Brokers Limited. UICL is also a major shareholder of United Leasing Company Limited which was sponsored by Asian Development Bank, Commonwealth Development Corporation, Lawrie Group Plc of United Kingdom and others.
Mission Statement
To be the leading provider of the highest quality of insurance service.
Mission:
To operate in accordance with the law of the land and as per international norms and practices.
To provide promptly the best possible services ensuring security of our clients.
To extend a professional hand to our clients at all times.
To serve the interests of the shareholders
Organ gram of United Insurance Company
Chairman
Managing Director
Director Director Director Director from Public Sector
Independent Director
Independent Director
Products at a Glance
Marine Insurance Policy Marine Cargo Marine Hull Fire Insurance Policy
(including Flood, Cyclone, & Earthquake coverage)
Public Liability Policy Product Liability Policy Machinery Breakdown Policy Boiler & Pressure Vessel Policy Motor Insurance Policy Cash-in-Safe Cash-in-Transit Cash-on-Counter Cash-in-Premises Consequential Loss
Contractor’s All Risk Policy Erection All Risk Policy Industrial All Risk Policy Deterioration of Stock Policy Fidelity Guarantee Policy Personal Accident Policy People’s Personal Accident
Policy Workmen’s Compensation Health Plan Scheme Overseas MediClaim Coverage Dread Disease Policy Householders Comprehensive
Insurance Electronic Equipment Insurance
Health Plan
IT IS ALL ABOUT YOU AND YOUR EMPLOYEES
The ChoiceThere is a choice of four Plans each offering excellent value for the money and a wide range of benefits.
They are as follows:
• Basic Plan : Tk. 25,000/- per person per year
Standard Plan : Tk. 50,000/- per person per year
Executive Plan: Tk. 75,000/- per person per year • Premier Plan : Tk.100,000/- per person per year
All Plans cover Maternity Benefits at no extra charge
Claim Procedure for Motor Insurance
Contact the policy issuing Office of United immediately
In case of major accidents including fire/riot losses keep the vehicle at the accident spot/ site until the spot survey or comes to the place of accident and inspects the same.
Simultaneously if there are any third party injuries/ deaths make sure to inform the nearest Police Station about the accident
It should be ensured that under no circumstances repair work is commenced until the final surveyor verifies the damage and gives green signal to proceed with the repairs.
.After the repairs are carried out for partial loss claims you have to submit the cash bills for spare parts and labour and seek reimbursement if the claim is admissible.
Financial Analysis
2009 2010 2011
United Ins 1.21 1.17 1.18
Phoenix Ins 0.660000000000001 0.5 0.4
Marcentile Ins 1.95 1.99 1.57
Karnaphuli Ins 3.25 2.43 4.63
Northern Ins 2.29 3.16 3
0.25
0.75
1.25
1.75
2.25
2.75
3.25
3.75
4.25
4.75Equity Multiplier
Financial Analysis
2009 2010 2011
United Ins 0.102 0.2 0.14
Phoenix Ins 0.108 0.117 0.1006
Marcentile Ins 0.0856000000000001 0.08 0.09
Karnaphuli Ins 0.12 0.13 0.1
Northern Ins 0.0744000000000001 0.045 0.0608
3%
8%
13%
18%
23%
Return on Asset
Financial Analysis
2009 2010 2011
United Ins 0.08 0.23 0.16
Phoenix Ins 0.0717 0.058 0.04
Marcentile Ins 0.167 0.15 0.14
Karnaphuli Ins 0.380000000000001 0.42 0.44
Northern Ins 0.17 0.14 0.18
3%
8%
13%
18%
23%
28%
33%
38%
43%
48%
Return on Equity
Financial Analysis
2009 2010 2011
United Ins 1.46 4.13 3.18
Phoenix Ins 31.04 4.22 3.27
Marcentile Ins 1.81 2.07 1.54
Karnaphuli Ins 4.47 3.98 2.35
Northern Ins 13.33 11.19 1.51
2.5
7.5
12.5
17.5
22.5
27.5
32.5
Earnings Per Share
Financial Analysis
2009 2010 2011
United Ins 1.69 1.83 1.91
Phoenix Ins 7.76 1.06 0.650000000000001
Marcentile Ins 0.1 1.2 1
Karnaphuli Ins 0.670000000000002 0.8 0.35
Northern Ins 8.33 1.68 0.23
0.5
1.5
2.5
3.5
4.5
5.5
6.5
7.5
8.5
Dividend Per Share
Findings & Recommendation
1. Insurance business in our country is not that much popular because of the poverty.
2. Bangladesh is a developing country and most of the people live in the village.
3. They don’t have sound knowledge about the insurance program.
4. Lack of public awareness.
5. Late claim process.
1. More Television and print advertisement.
2. For the village United Insurance company should introduce the micro insurance program for the small business in villages
3. By the more advertisement United Insurance company should spread more information.
4. For increasing Awareness they should organize campaign and seminar about the risk transfer.
5. They should process claim faster
Conclusion United Insurance Company Ltd. (UICL) is a Public Limited General Insurance
Company (Non-Life) maintaining the traditional values of insurance business since commencement in 1985. The Company transacts a wide range of General Insurance business in Bangladesh including Health Plan Scheme and has gradually developed goodwill and expertise in the field with sound and stable financial position. It is not only doing business but also doing corporate social responsibility to improving the society. UICL has a great role to the industry are as it decreasing risk in the day to day operation. It also playing an important role to improving our economy.
