insurance

Topics: Insurance, Life insurance, Liability insurance Pages: 40 (7949 words) Published: June 22, 2014

F – 210
Insurance and Risk Management

A report on
Accident Insurance in Green Delta Insurance Company Ltd. & American Life Insurance Company Ltd.

University of Dhaka

Topic
Accident Insurance in Green Delta Insurance
Company Limited and American Life Insurance Company Limited

Submitted to

Pallabi Siddiqua
Assistant Professor
Department of Finance
Faculty of Business Studies
University of Dhaka

Submitted By

Group 01
Section – A
18th Batch­­
Department of Finance
University of Dhaka

Submission
Date

February 17, 2014

Group List

Letter of Transmittal
February 17, 2014 Ms. Pallabi Siddiqua Assistant Professor Department Of Finance University of Dhaka

Dear Madam,
Here is the report on “Accident Insurance in Green Delta Insurance Company Limited and American Life Insurance Company Limited” which you had asked us to prepare. The assignment was assigned to us as a compulsory requirement of your Course (F-210, Insurance and Risk Management, in the second semester of our second year). The date of submission was February 17, 2014 and the deadline was met. While working on this report we have had several brainstorming sessions, study of relevant literature and analytical reviews to make the report successful. Madam, we vow that the content of this report will not be shared with anyone else without your approval. We thank you for your valuable suggestions, wholehearted cooperation and exhaustive guidelines throughout the completion of this term paper. The attached final term paper reflects our attempt to deliver the best of our efforts and we hope that it lives up to your expectations Sincerely yours,

Group no. 01
Serial no.
Roll no.
Name
Signature
01
18-033
Yeasmin Akter

02
18-067
Khandaker Fazle Rabbi

03
18-085
Md. Omar Faruk

04
18-089
Fatema Akter

05
18-123
Sadia Sharmin Bristy

Acknowledgment
At first we desire to express our deepest sense of gratitude of almighty Allah. With profound regard we gratefully acknowledge our respected course teacher Pallabi Siddiqua Lecturer, Department of Finance, Faculty of Business Studies for her generous help and day to day suggestion. We like to give thanks especially to our friends & many individuals, for their enthusiastic encouragements and helps during the preparation of this report and for their assistance in typing and proofreading this report.

Executive Summary
This report is an assigned job as a partial fulfillment of course requirement by honorable Course teacher. It is the optimum aggregated outcome of our group about “Accidental Insurance”. The view of this report is to discuss about Accidental Insurance. Here we choose two insurance companies and tried to show insurance coverage from the perspective of accidental damages. Our selected insurance companies Green Delta Insurance Company Limited (GDIC) and American Life Insurance Company Limited (ALICO). Green Delta Insurance Company Limited is one of the leading private non life insurance companies in Bangladesh. GDIC was incorporated in December 14, 1985 as public limited company under the companies’ Act. 1913. On the other hand American Life Insurance Company (ALICO) incorporated in 1921, is one of the largest international life insurance company in the world. The company markets a broad range of life & other insurance product in over 50 countries worldwide. ALICO is a member of the American International Group, Inc. (AIG), the leading U.S. based international insurance organization. Today both of these insurance companies have made a great position in the insurance market of Bangladesh. The scenario of insurance policy in BD has focused from different point of view. After a general look, we concentrated on Accident Insurance, its effects, its recent situations, and their...
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