History of Fareast Islamic Life Insurance Co. Ltd

Topics: Investment, Economics, Islam Pages: 2 (356 words) Published: April 14, 2013
Fareast Islami Life Insurance Co. Ltd. emerged as the 1st full-fledged Islami Life Insurance Company in the country in 2000 and has, by the grace of Almighty Allah, been able to bring confidence among the common people of the country. As a result, in 2010 the Company has earned a total premium of Tk. 651.36 crore showing an increase of 3.2% over the previous year which is no doubt a remarkable achievement.

Last year they had taken a holistic approach in doing business, with focus on quality customer service and business growth with decentralization of operational activities. With that in view, they have already opened 1012 Offices including 10 Divisional offices, 38 full-fledged Service Centers and 112 Zonal Offices in different places all over the country.

With this, they have been pursuing this strategy consistently, reinforcing our approach with emphasis on growth within a frame work of trust, integrity, good governance and compliance with the legal and regulatory frame work of the country.

We will be the premier Islami Life Insurance Company in Bangladesh. •We will serve our Participants (Policyholders) with utmost care and provide the best solution for their needs. •We will be a Company with due solemnity and corporate social responsibility to the society upheld by taking financial risks. •We will provide dynamic and prompt services for our Participants to make them loyal to the Company. •We will impart Islamic Shariah in islamizing the Life Insurance Industry playing a vital role in the economy of the country.

Provide financial security to our participants with Life Takaful policies that are most befitting to their needs. •Make Life Takaful a forced and easy saving instrument and a profitable one with attractive bonus. •Collect small savings from the people and invest the accumulated fund for economic stabilization of the country. •Islamization of the economic activities in the country for the solidarity of...
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