popular ass

Upload: fahimul-hossain-sonnet

Post on 06-Apr-2018

244 views

Category:

Documents


0 download

TRANSCRIPT

  • 8/3/2019 Popular Ass

    1/17

    1

    Life inshurance contract may

    MEGHNA LIFE INSURANCE COMPANY LIMITED

    Company :: About Us

    In the ninetieth decade some enthusiastic Bangladeshi professionals along with some others ofsimilar state of mind dreamed of establishing a Life Insurance Company in order to participate in thefinancial activities of the country such as reduction of unemployment, alleviation of poverty and tocontribute to the nation for the upliftment of the lot of common people. Eventually due to ceaselessefforts and courageous initiative of the Chairman and some other entrepreneurs, Meghna LifeInsurance Co. Ltd. was emerged in 1996.

    The main object of Meghna Life was to provide maximum financial security to a person and familiesby giving modern Insurance facilities. Its other objectives are to turn it into a profitable savingsinstitution through payment of bonus at an attractive rate and enriched servicing and invest the

    accumulated small savings in the nation building various welfare and profitable projects.The main object of Meghna Life was to provide maximum financial security to a person and familiesby giving modern Insurance facilities. Its other objectives are to turn it into a profitable savingsinstitution through payment of bonus at an attractive rate and enriched servicing and invest theaccumulated small savings in the nation building various welfare and profitable projects.

    The authorized capital of the company is Tk. 30 crore and paid up capital at present stands at Tk.16.45 crore.

    In 1996 Premium income, Life Fund & Investment was Tk. 3.30 crore, Tk. 0.04 crore & Tk. 2.59 crorerespectively and in 2010 such Premium income, Life Fund & Investment increased to Tk. 337.88crore, Tk. 743.94 crore & Tk. 552.51 crore respectively.

    From 1996 to 2010 Meghna Life paid 39.05 crore taka as death claim, taka 129.87 crore as survival

    benefit Tk. 17.38 crore as maturity claims and Tk. 2.42 crore as bonus to the policy holders. Thissuccess has been possible due to constant guidance supervision and ceaseless efforts of theHonorable Chairman and Directors and the present competent management.

    It soon made a mark in the Life Insurance arena by not only being the top listed among the Privatesector indigenous companies, but by undertaking and successfully implementing innovative andwelfare oriented Life Insurance schemes. It introduced an array of conventional Life and otherInsurance products of Loko Bima, Islami Bima (Takaful), Swanirvor Bima and Islami Khudra Bima(Takaful) many of which were the first in Bangladesh. For the first time Hospitalization benefitInsurance product was also introduced by Meghna Life.

    Meghna Life has earned reputation in every corner of the insurance Industry. It can take pride of itsprestigious achievements which are molded with transparency, accountability, impeccable workingcapacity, sincerity, honesty and sagacity.

    The company has diversified its products to match customers needs and satisfaction. Currently itprovides multifarious Life Insurance products to cater to the aspirations & needs as well as religiousbeliefs to the clients. There is no iota of doubt that Meghna life will go forward with its new missionsand visions in the days to come

  • 8/3/2019 Popular Ass

    2/17

    2

    Corporate Information

    Date of Incorporation : 05.05.1996

    Commencement of Business : 05.05.1996

    Registration with Department of Insurance : 01.06.1996

    Registered Office : Biman Bhaban (2nd floor)100, Motijheel C/A.,Dhaka-1000, Bangladesh.

    Phone, Fax & e-mail : 880-2-9558297, 880-2-9558993, 880-2-9556204Fax No. : 880-2-7171942e-mail : [email protected]

    Authorised Capital : Tk. 30 Crores

    Issued, Subscribed and paid up Capital : Tk. 16.45 CroresAuditors : A. Wahab & Co.

    Chartered Accountants

    Date of 1st Trading of share in DSE & CSE : 04.09.2005

    Legal Adviser The Law Society, Dhaka.

    Board of Directors

    Chairman

    Nizam Uddin Ahmed

    Vice-ChairmanHasina Nizam

    DirectorsMd. Jamal Uddin

    Nasir Uddin Ahmed

    Jobaida Nasreen

    Sharmin Nasir

    Dilruba Sharmin

    Mazharul Islam

    Independent DirectorProfessor Md. Mohiuddin

    Managing DirectorMuhammed Shah Alam, FCA

    Company Secretary

    S. M. Shahadat Hossain

    mailto:[email protected]:[email protected]:[email protected]
  • 8/3/2019 Popular Ass

    3/17

    3

    Management

    Managing DirectorMuhammed Shah Alam, FCA

    Director-Marketing & DevelopmentLt. Col. (Retd.) M Shamsuddin Ahmed

    AdviserM. A. Majid FCA

    Consultant-Marketing & Dev.M. Sultan Khan

    Deputy Managing DirectorsMd. Khorshed Alam

    D. S. Taiful IslamN. C. RudraSadequr Rahman

    Senior Executive DirectorsMd. Mohidur Rahman Khan

    Md. Abdur Razzaque

    Executive DirectorsAbu Bakar Siddik Sohel

    Quamrul Hasan Khondker

    Joint Executive Directors

    Faruk Ahmed SiddiqueSenior General ManagersMd. Shamsul Hoque

    Md. Kazi Ataur Rahman

    Saifuddin Ahmed (Opu)

    Aziz Ahmed

    General ManagersNurul Aman Chowdhury

    Shajahan Ali Mollick

    Md. Nizam Uddin

    Monirul Hasan MilonAbdul Kader

    Company SecretaryS. M. Shahadat Hossain

    :: Company :: Committees

    Members of Audit Committee

    Professor Md. Mohiuddin ChairmanNasir UddinAhmed Member

  • 8/3/2019 Popular Ass

    4/17

    4

    Sharmin Nasir "

    Members of Management Committee

    Muhammed Shah Alam FCA Chairman

    M. A. Majid FCA Member

    Lt. Col. (Retd.)M. Shamsuddin Ahmed

    "

    Md. Khorshed Alam "

    D. S. Taiful Islam "

    N.C. Rudra "

    Md. Mohidur Rahman Khan "

    Md. Abdur Razzaque "

    Abu Bakar Siddik Sohel "

    Md. Shamsul Hoque "

    Main Mohd. Mashiur Rahman MemberSecretary

    The Shari Council

    Professor Moulana Muhammad Salah Uddin

    Khatib, National Mosque Baitul Mukarram, Dhaka.Chairman

    Justice Mohammed Abdur Rouf

    Former Chief Election Commissioner.

    Member

    Moulana & Poet Ruhul Amin Khan

    Joint Secretary, Jamiatul Modarresin & Editor, Daily the Inquilab, Dhaka.Member

    Mufti Mohammed Nurul Huda Fayazi, Pir Saheb- Karimpur.

    Chairman, Quran Education Board, Bangladesh.Member

    Moulana Mohammed Saleh

    Principal, Madrasa-e-Alia, Khulna.Member

    Doctor Moulana M.A FaruqueChairman, Islamia Studies Department, South East University

    Member

    Moulana Mohammed Ali Hossain.

    Ex-Principal Islamia Alia Madrasa, Chalkbazar, Comilla.Member

    Mufti Muhammad Amimul Ehsan

    Muraqib

  • 8/3/2019 Popular Ass

    5/17

    5

    Company Representatives:

    Al hajj Nazim Uddin Ahmed Chairman Member

    Muhammed Shah Alam FCA, Managing Director

    Abu Bakar Siddique Sohel, (ED-Islami Khudra Bima)

    Quamrul Hasan Khondker, (ED-Islami Bima)Member

    Secretary

    Major Offices

    Ekok Bima Loko Bima Islami Bima(Takaful)

    Islami KhudraBima (Takaful)

    SwanirvorBima

    GrandTotal

    Head Office1 1

    Divisional

    Office

    18 Regional Office 98 RegionalOffice

    64 192

    Zonal Office96 District

    Office1737 Zonal

    Office60 District

    Office590

    Zonal Office32 2540

    BranchOffice

    287 ThanaOffice

    10000 BranchOffice

    245 ThanaOffice

    3737 BranchOffice

    48 15181

    Total 402 11835 305 4393 80 17917

  • 8/3/2019 Popular Ass

    6/17

    6

    Services

    Products

    Meghna Life Insurance Company Ltd. has introduced innovative and attractive policies with a view to

    attract different class of people of the country. At present Meghna Life Insurance Company is offeringthe following policies in other 6 (Six) different categories:

    1.Ordinary Life (Ekok Bima)2.Group Insurance3.Loko Bima4.Islami Bima (Takaful)5.Islami Khudra Bima (Takaful)

    6.Swanirvar Bima

    Ordinary Life (Ekok Bima) :Meghna Life offers a wide variety of ordinary life product/plans ranging from the most commonendowment type to more modern and sophisticated plans like endowment with open term, pensionplan, child protection plan, etc. and the aim of increasing pension, increasing protection with provisionfor premium refund etc. The plans have been designed keeping in view the diverse and multifacetedneeds of the insuring public belonging to different strata of the Society.

    The followings are the Plans of Ordinary Life: (Ekok Bima)

    Sl. Schemes

    1. Endowment Insurance Plan - with Profits2. 3 (three) Payment Insurance Plan - with Profits3. Biennial Endowment Insurance - with Profits4. Child Protection Endowment Insurance - with Profits

    5. Insurance Cum Pension Plan - without Profits6. Single Premium Guaranteed Benefit Plan - without Profits7. Education Expense Insurance Plan - with Profits8. Premium Back Term Insurance - without Profits9. Islami Endowment Plan - with Profits10. Islami Biennial Payment Assurance Plan - with Profits11. Islami 5 (five) Instalment Insurance Plan - with Profits12. Meghna Life DPI - with Profits

    Group Insurance :This scheme has been designed to make the officials and employees of Meghna Life Insurance Co.Ltd. free from tension and financial hardship. With a very small premium, very large amount of Sum-

    assured may be taken with regard to the risk of accident and premature death. The arrangement ofGroup Insurance may be made if at least 10 members are there. In case of group term Insurancethere may be 5 members. Premium normally be paid on annual basis. The premium of this insurancemay be paid fully or partially by the employees and the employers.

  • 8/3/2019 Popular Ass

    7/17

    7

    Loko Bima :Loko Bima Project was emerged on 13th June 1998. The aim and object of Loko Bima Project is toarouse 90%. People of the country towards savings and to make them conscious and self-reliantthrough Insurance. This project plays a very important role in solving social problems of a largenumber of people by reduction of unemployment, population control, development of cottage Industry,rural development so to say social backwardness etc. The following are the plans of Loko Bima-

    Sl. Schemes1. Endowment Insurance plan - with Profits.2. Child protection Endowment Insurance - with Profits.3. Meghna deposit Premium scheme - with Profits.4. Single Premium Insurance - with Profits.

    Islami Bima (Takaful) :The aim and object of Islami Bima (Takaful) is to provide more financial security of the mass people of

    this country through this project. This project was introduced to turn Life Insurance into a profitablesavings arrangement through payment by instalments on the basis of Islami Shariah and transparentand impeccable servicing.

    The followings are the Plans of Islami Bima: (Takaful)

    Sl. Schemes

    1. Islamic Endowment Insurance Plan (Takaful) - with Profit2. Islami Takaful 3 (three) Payment Insurance Plan - with Profits3. Islami Bima (Takaful) Biennial Endowment Insurance Plan - with Profits4. Islami Bima (Takaful) Child Protection Endowment Insurance Plan - with Profits5. Islami Bima (Takaful) Insurance-Cum Pension Plan - without Profits6. Islami Bima (Takaful) Single Premium Guaranteed Benefit Plan - without Profit7. Islami Bima (Takaful) Education Expense Insurance Plan - with Profits8. Islami Bima (Takaful) Premium Back Term Insurance - without Profits9. Islamic Endowment Plan (Takaful) - with Profits10. Islamic Biennial Payment Assurance (Takaful) Plan - with Profits11. Islami 5 (five) Instalment Insurance Plan - with Profits12. Takaful Islami DPI - with Profits

    The project is conformed with a Shariah Council comprising 15 (Fifteen) members.

    Islami Khudra Bima (Takaful) :The object of Islami Khudra Bima (Takaful) is to create habit of savings for the low income group ofpeople of Bangladesh, ensure profit and savings through modern Insurance facilities and to introduceinterest free Islami Bima. These are the following plans-

    Sl. Schemes1. Endowment Insurance - with Profits.2. Child Protection Endowment Insurance - with Profits.3. Single Premium Guaranteed Insurance - with Profits.4. Islami Khudra DPS - with Profits.

  • 8/3/2019 Popular Ass

    8/17

    8

    Supplementary Hospitalization Insurance Benefitthose who are within the age of 18 to 55 years, they take this Insurance with the principal policy.

    Advantages available in the Hospital-

    Staying in the Private room.

    Doctors Consultation Fees.

    Diagnosis expenses. Surgical Operation expenses.

    Medicine.

    Relevant Services Expenses.

    The special characteristic of the scheme:

    This advantage may be taken for wife and children of the policyholder.

    Very less premium.

    Any medical facility is available at home and abroad.

    Facilities of any Govt. Hospital or any other Private Hospital with 50 bedsmay be available.

    Medical treatment expenses in any extraneous hospitalization will beborne in Bangladeshi Currency.

    Consultation of Doctors may be taken with ones own choice. Rebate of Tax is available.

    Rules of payment of medical bill of the Hospital-

    The company will directly make payment of the Hospital bills subject to admission in the Hospitalapproved by the company.

    Re-imbursement: If the policyholder himself bears expenses on approved treatment from theHospital which has no contract with the company, in that case the company will reimburse Hospitalbills. But in these cases all the vouchers and papers shall be deposited within 30 days after releasefrom Hospital and the company will arrange reimbursement of those after due scrutiny.

    Supplementary Dread Disease Benefit (DDB 50%, 25%)

    Disease and old age complicacy is indissolubly linked with human lives. Men can, at anytime beattacked with serious disease and they may not be capable to have proper treatment immediately. Inthis connection, Meghna Life can provide money for treatment of such fatal diseases by DDB.

    Whatever Sum-assured may be, the supplementary Insurance cannot exceed 10 lac as facility.

    If the policyholder is attacked with any of the following disease, 25% of the Sum-assured be paidimmediately:

    1. Heart attack2. Stroke3. Coronary Artinary Surgery4. Kidney Failure5. Multiple Sclerosis

    6. Paralysis.

    Supplementary Accidental Death Benefit (ADB)This supplementary Insurance may be taken adjoining the Endowment Assurance, Whole LifeAssurance, Term Assurance, Group Insurance or pension scheme. ADB is normally given assupplementary cover with the Principal Insurance policy.

    The advantages of taking ADB as supplementary cover with any Life Insurance policy is that if anypolicyholder dies due to accident the nominee of the insured will be provided with an amountequivalent to the Sum-assured within 90 days. The rate of premium is low in this Insurance as a resultthe Insured can take this policy as supplementary Insurance on nominal condition.

  • 8/3/2019 Popular Ass

    9/17

    9

    Supplementary Permanent Disability and Accident Benefit (PDAB)PDAB policy can be taken for death or disability by physical hurt due to accident.

    In case of death the nominee of the Insured will get an additional amount equivalent to principal Sum-

    assured. An amount equivalent to the Sum-assured is also paid to the nominee of the policyholderinstantly if both hands or both legs or both the eyes or one hand and one leg are lost.

    In case of fully and permanent disability, the policyholder will be given 10% of the principal Sum-assured for next 10 years since the happening of accident as yearly allowance.

    In case of one leg or one hand and an eye are lost, the policyholder will be given 50% of the Sum-assured instantly.

    At the maturity, the full Sum-assured is paid.

    BEST POLICYHOLDERS

    Sl.No. Name

    PolicyNo.

    Sum-Assured

    Table&

    TermAge Commence-

    ment DateMode ofpayment

    BasicPremium

    No.ofInstalmentreceived

    1. Mr. Md. Afruz Miah 0600272-6 1,00,00,000 06-27 33 28/12/ 1996 Yearly 1,49,500 13

    2. Alhaj Md. NuzrulAhsan

    0118954-8 1,00,00,000 04-15 48 28/12/2008 Yearly 8,96,000 1

    3. Mr. Md. MosharafHossain

    0100411-8 55,00,000 04-20 36 28/09/1996 Yearly 3,59,150 13

    4. Mrs. Nargis Mannan0115921-

    4 55,00,000 04-10 45 28/12/2002 Yearly 6,50,650 7

    5. Mr. Md. MokhlesurRahman

    0108863-1 55,00,000 04-15 45 28/12/2000 Yearly 4,79,050 9

    Training

    There is no alternative to rise up in life without education and Training. Educational qualification is an

    indispensable part of a person engaged in any profession. Present age is the age of having expertisein any subject matter. One must have sufficient knowledge on the works he has to do. It accelerateshis prosperity if he deserves his ability through achieving proper education and training.

    The management of Meghna Life Insurance Co. Ltd. has long been thinking to create technicallyqualified persons having sound knowledge on Insurance profession by giving them proper trainingand professional education.

    With this end in view the management opened a training cell in the company and appointed a seniorofficial to impart professional training to the officials engaged both in the field as well as in the Desk.

    In the year at 2009 the company conducted different training courses on different subject matters forits officials which are as follows:

  • 8/3/2019 Popular Ass

    10/17

    10

    Sl.No. Course HeldNumber ofCourses

    Total Trainees

    1. Sales Course 30 2767

    2. Underwriting and Claims Management Course 3 64

    3.Finance and Accounting Management for InsuranceOperation 3 45

    4. Sales Course for the Zone/Branch Incharges 12 721

    5. Special Course for ExecutiveDirectors and Joint ExecuttiveDirectors, SVP and VP etc.

    6. Office Management Course 2 82

    7. Basic Course on Life insurance 2 12

    8. Training of Trainers (ToT) 1 2

    53 3,693

    53 Training courses were held in different Divisional offices including Head office of the companywhere 3,693 officials participated. The company also sent its officials to the Bangladesh InsuranceAcademy where 5 training courses were held and 20 officials participated in those courses.

    Besides, Meghna Life also introduced coaching classes since 2001 for the Diploma course conductedby Bangladesh Insurance Academy in its own premises where a good number of officials attended theclasses. In the meantime, some of the officials have passed in the examinations. Meghna LifeInsurance Company Ltd. during 2001-2009 initiated epoch-marketing steps to professionally train uptheir officials and to make them fit to handle any technical works smoothly and perfectly.

    Information

    Progress at a glance

    Progress at a glance in last five years

    Taka in Crore

  • 8/3/2019 Popular Ass

    11/17

    11

    Progress at a glance in last ten years

    Particulars 2010 2009 2008 2007 2006 2005 2004 2003 2002 2001

    1st YearPremium 111.17 89.96 78.31 64.87 58.26 49.17 34.30 27.41 23.35 17.90

    RenewalPremium 225.49 177.10 152.30 118.81 89.84 57.64 41.59 28.69 19.26 12.01

    GroupPremium 1.22 0.88 .65 .59 .35 .26 .22 .25 .17 .13

    GrossPremium 337.88 267.94 231.27 184.27 148.45 107.07 76.11 56.35 42.78 30.04

    InvestmentIncome 93.53 55.73 35.84 21.40 10.35 6.20 3.44 2.04 1.29 .91

    OtherIncome 0.52 0.42 .25 .10 .15 .44 .32 .78 .14 .12

    Total

    Income431.15 323.52 266.96 205.15 158.59 113.03 79.87 59.17 44.21 31.07

    PolicyBenefits 80.80 58.14 42.58 31.02 20.31 13.08 8.17 5.35 4.16 2.60

    ManagementExpenses 144.11 114.91 94.34 76.23 64.34 52.65 38.71 32.93 26.23 18.65

    OverallExpensesRatio(%)

    42.65 42.88 40.79 41.36 43.34 49.16 50.86 58.43 61.31 62.08

    Life Fund 743.94 550.57 415.91 294.23 201.33 131.00 84.99 53.65 34.28 21.19

    InvestmentPortfolio 552.51 413.88 291.06 200.78 130.80 82.70 44.80 26.57 15.84 9.90

    TotalAssets 834.50 618.81 474.73 342.84 242.10 164.05 106.10 71.68 50.58 34.89

    Dividend

    Price Sensitive InformationThis is for information of call concerned that the Board of Directors of Meghna Life InsuranceCompany Limited in its meeting held on 8th June,2009 at 4.00 p.m. has taken the following pricesensitive decisions:

    1. Recommended dividendof the year 2008

    :The Board of Directors' recommend for declaration of total @35% in the form stock dividend (bonus share) @ 30%(30:100)and cash dividend @ 5%i.e. TK. 5/- per share of TK. 100 eachto the shareholders for the year ended 31st December, 2008

    for subsequent approval in the 13th AGM2. Date & Time of 13th

    AGM:Wedensday 12 August,2009 at 10.00 A.M

    3. Venue of AGM :Bangladesh Institute of Administration and Management(BIAM) Auditorium, 63, New Eskaton, Dhaka.

    4. Record Date of AGM :Thursday 9th July, 2009.

    Dated : 08.06.2009

    By order of the Board of DirectorsSd/-

    (Mian Mohd. Mashinur RahmanCompany

    Secretary

  • 8/3/2019 Popular Ass

    12/17

    12

    Price Sensitive Information

    This is for information of call concerned that the Board of Directors of Meghna Life InsuranceCompany Limited in its meeting held on 8th June,2009 at 4.00 p.m.decided to sponsor a Mutual Fund

    titled `Meghna Life Mutual Fund-Scheme One' for TK. 50.00 crore, wherein Company's stake assponsor will be TK. 10.00 crore. THe fund will be launched subject to approval of Securities andExchange Commission.

    Dated : 08.06.2009

    By order of the Board of DirectorsSd/-

    (Mian Mohd. Mashinur RahmanCompany Secretary

    Notice of the13th Annual General MeetingNotice is hereby given that the 13th Annual General Meeting of Meghna Life Insurance CompanyLimited will be held at Bangladesh Institute of Adminstration and Management (BIAM) Auditorium, 63,New Eskaton, Dhaka on Wednesday 12th August, 2009 at 10.00 a.m. to transact the followingbusinesses:

    1. To confirm the proceedings of the 12th Annual General Meeting of the company held on28th August, 2008.

    2. To receive, consider and adopt the Revenue Accounts of the Company for the year ended 31stDecember,2008 and the Balance Sheet as at that date together with the Reports of the Directors andthe Auditors thereon.

    3. Declaration of dividend for the year ended 31st December, 2008 as recommended by the Board ofDirectors.

    4. Election of Directors as per Articles of Association of the Company.

    5. Appointment of Auditors for the year 2009 and fix their remuneration.

    6.To transact any other business with the permission of the Chair.

    Dated : 08.06.2009

    By order of the Board of DirectorsSd/-

    (Mian Mohd. Mashinur Rahman

    Company SecretaryNotes: 1.July 09,2009 is scheduled as Record Date, Shareholders whose name will appear on theRegister of Members on the Record Date will be eligible to attend the meeting and quality fordividend.

    2.The Board of Directors` recommend for declaration of total @ 35% in the form of stock dividend(bonus share)@ 30% (30:100) and cash dividend @ 5% i.e.TK. 5/- per share of TK. 100 each to theshareholders for the year ended 31st December, 2008 for subsequent approval in the 13th AGM.

    3.A member entitled to attend and vote at the 13th Annual General Meeting is entitled to appoint aproxy to attend the meeting and vote on his/her behalf. The proxy form duly completed, must beaffixed with a revenue stamp of TK.10/- and deposited at the registered office of the company notlater than 18 hours before the time of holding the meeting.

    4.The Registration Counter shall remain open from 8.30 a.m. to 10.00 a.m.

  • 8/3/2019 Popular Ass

    13/17

    13

    Price Sensitive InformationThis is for information of all concerned that Meghna Life Insurance Company Limited has taken adecision in its 75th Board Meeting held on 01.06.2009 to appoint M/s. Architects Forum & Engineersas Consultant to construct 17 storied (2 basement + 15 storey) building namely MEGHNA KARNAPHULI BIMA BHABAN

    in its own land situated at 11, Toyenbee Circular Road, MotijheelC/A, Dhaka.An agreement in this regard has been signed between Meghna Life Insurance Company Limited andM/s. Architects Forum & Engineers.

    Dated : 01June 2009Sd/-

    (Mian Mohd. Mashinur RahmanCompany Secretary

    Price Sensitive Information

    This is for information of all concerned that the Board of Directors of Meghna Life Insurance CompanyLimited in its meeting held on 29th June, 2008 at 3.00 p.m. has taken the following price sensitivedecisions:

    1 Recommended dividend of the year2007

    : The Board of Directors recommended Stockdividend (bonus share) @ 25% (25:100) to theshareholders for the year ended 31st December,2007 for subsequent approval in the 12th AGM.

    2 Increase Authorized Capital : The Board of Directors decided to IncreaseAuthorized Capital to 30 (thirty) Crore BDT from theexisting 10 (Ten) Crore subject to approval of EGM.

    3 Construction Building : The Board of Directors has also taken a decision tostart the construction work of 15 storied commercial

    building on the land owned by the company situatedat 11, Toyenbee Circular Road, Motijheel C?A,Dhaka-1000.

    4 Date & Time of 12th AGM : Thursday 28th August, 2008 at 11.00 A.M

    5 Date & Time of 1st EGM : Thursday 28th August, 2008 at 10.30 A.M

    6 Venue of AGM &EGM : Bangladesh Institute to Administration andManagement (BIAM) Auditorium, 63, New Eskaton,Dhaka.

    7 Record Date of AGM & EGM : 3rd August, 2008

    Dated : 29.06.2008

    By order of the Board of Directors

    Sd/-

    (Mian Mohd. Mashiur Rahman)Company Secretary

    Price Sensitive InformationThe is for information of all concerned that the board of Directors of Meghna Life Insurance CompanyLimited in its meeting held on 28th June, 2007 at 3.00 P.M. took the following resolutions for approvalof the 11th Annual General Meeting.

    1 Proposed/Recommended dividend ofthe year 2006

    : 12% Cash Dividend

    2 Date & Time of 11th AGM : Thursday 23rd August, 2007 at 10.30 A. M.3 Venue : Bangladesh Institute of Administration and

  • 8/3/2019 Popular Ass

    14/17

    14

    Management (BIAM) Auditorium, 63, New Eskaton,Dhaka.

    4 Record date : 01st August, 2007.

    The Shareholders whose name appear in the register of members up to record date will be eligible toattend the meeting and entitled to dividend.

    Dated : 28.06.2007

    By order of the Board of Directors

    Sd/-

    (M.A. Majid FCA)Director Finance & Admin

    & Company Secretary

    Price Sensitive InformationThis is for information of all concerned that the Board of Directors of MeghnaLife Insurance Company Limited in its meeting held on 13th July, 2006 at 3.00 p.m. took the following

    resolutions for approval of the 10th Annual General Meeting:

    1Proposed/Recommended dividend forthe year 2005

    : 10% Cash Dividend

    2 Date & Time of 10th AGM : Wednesday 20th September,2006 at 10.30A.M

    3Venue : Bangladesh Institute of Administration and

    Management (BIAM) Auditorium, 63, New Eskaton,Dhaka.

    4 Record date : 3rd September, 2006.

    The Shareholders whose name appear in the register of members up to record date will be eligible toattend the meeting and entitled to dividend.

    Dated: 13.07.2006

    By order of the Board of Directors

    Sd/-

    (M.A. Majid- FCA)Adviser-A. A & F & Company Secretary

    Business Performances

    2010 2009 2008 2007 2006 2005 2004

    Ordinary Life

    New BusinessNumber of Policies 60,291 52,102 43,579 44.620 44,599 42,745 32,210

    Sum Assured (In Crore Taka) 565.82 460.76 364.84 328.77 292,93 264.98 192.39

    1st Year Premium (In CroreTaka) 46.12 38.13 30.13 27.71 24.76 22.05 16.89

    Business In Force

    Number of Policies 2,49,236 2,14,730 1,83,714 170,151 1,46,484 1,22,342 75,305

    Sum Assured (In Crore Taka) 1446.79 1491.79 929.68 862.76 729.96 601.43 430.52

    Loko BimaNew Business

  • 8/3/2019 Popular Ass

    15/17

    15

    Number of Policies 1,50,895 1,24,818 1,71,993 1,53,368 1,49,441 1,50,452 1,09,502

    Sum Assured (In Crore Taka) 50,196 364.42 400.34 289.17 260.00 237.98 164.98

    1st Year Premium (In CroreTaka) 33.94 27.23 26.64 20.27 18.58 15.72 10.13

    Business In Force

    Number of Policies 5,95,363 5,09,070 4,23,148 3,09,213 2,52,740 2,09,761 84,885

    Sum Assured (In Crore Taka) 1047.98 1042.23 594.12 331.63 282.13 244.40 127.02

    Islami BimaNew Business

    Number of Policies 24,855 21,653 20,640 19.128 18,589 17,024 9059

    Sum Assured (In Crore Taka) 205.38 175.41 157.63 138.28 120.46 93.98 57.46

    1st Year Premium (In CroreTaka) 17.12 14.96 13.42 11.91 10.49 7.79 5.27

    Business In Force

    Number of Policies 86,023 69,898 56,845 45.173 25,586 26.431 14.018

    Sum Assured (In Crore Taka) 506.42 495.05 323.82 265.03 205.92 147.31 87.80

    Islami Khudra BimaNew Business

    Number of Policies 31,666 28,578 38,172 33.240 36.645 30,281 22,475

    Sum Assured (In Crore Taka) 105.42 79.86 84.66 65.82 65.94 54.69 39.30

    1st Year Premium (In Crore

    Taka)7.82

    6.73

    6.71

    4.98

    4.43

    3.61

    2.01

    Business In Force

    Number of Policies 99,910 80,236 63,177 42.118 30.580 17,483 12,478

    Sum Assured (In Crore Taka) 182.74 181.73 103.61 63.04 49.42 32.43 23.23

    GroupNew Business

    Number of Policies 22 16 5 4 4 --- ---

    Sum Assured (In Crore Taka) 166.84 16 19.93 1.91 .35 --- ---

    Annual Premium (In CroreTaka) 1.22 55.73 .010 .015 .029 --- ---

    No. of Lives Insured 8020 7530 1984 274 124 --- ---

    Business In Force

    Number of Policies 22 16 11 8 7 4 4

    Sum Assured (In Crore Taka) 147.06 16 70.12 49.02 6.45 30.11 15.50

    No. of Lives Insured 13,986 7530 7.149 2,997 2,475 2,187 2,013

    Swanivar Bima

    New Business

  • 8/3/2019 Popular Ass

    16/17

    16

    Number of Policies 8,927 4,699 2.291 --- --- --- ---

    Sum Assured (In Crore Taka) 68.64 35.91 6.75 --- --- --- ---

    1st Year Premium (In CroreTaka) 6.08 2.91 1.41 --- --- --- ---

    Business In Force

    Number of Policies 11,154 5,121 2,291 --- --- --- ---

    Sum Assured (In Crore Taka) 84.60 39.49 6.75 --- --- ---- ---

    Publication and Library Facilities

    Meghna Life Insurance Company Ltd. took initiative to bring out a publication titled Meghna Lifesince its inception. At the outset it was a half yearly publication comprising the news and views of thecompany. From 2000 it is being published yearly. But from Oct., 2004, this publication with the sametitle Meghna Life is being published as a monthly bulletin with a new look and new vision. ThisBulletin has aroused much enthusiasm and Zeal amongst the officials specially working in the field.Its a special publication of its kind which demonstrates Business performances for every month. Thisis reserved for the officials of Meghna Life only. Other than these, special publications are alsobrought out in the wake of any seminar, symposium, meetings etc.

    Meghna Life has brought out the following publications in Bengali-

    TitleMode of

    PublicationNo. ofIssues

    RemarksPublished

    Meghna Life Half Yearly 10 1997-2004

    Islami Bima (Takaful) Yearly 2 2003-2004

    Meghna Life (News Bulletin) Monthly 5 Oct. 04-March, 05Loko Bima Yearly 3 2000-2003

    Annual Report Yearly 8 Since 1997

    Besides Meghna Life also publishes leaflets, Booklets, special issues of different projects detailingdifferent plans and other relevant information.

    Library Facilities:Meghna Life has a mini Library. There are some books on different subjects of Insurance such as LifeInsurance, General Insurance, Salesmanship, Insurance law, Re-Insurance, Management and otherrare books in the Library.

    The officials of Meghna Life Insurance Company have the opportunity to collect books from Library forreading.

  • 8/3/2019 Popular Ass

    17/17

    17

    Dividend Warrant

    Distribution of Fractional Dividend Warrant : 2007The honorable Shareholders of Meghna Life Insurance Company Ltd. are requested to please collecttheir Fractional Dividend Warrants during office hours for the year 2007 as per following schedule:

    Dividend Warrant(s) may be collected : Category of ShareholderOctober 21, 2008 (Tuesday) toOctober 27, 2008 (Monday)

    : All BO holders

    Fractional Dividend Warrants shall be kept with the Share Department of the Company till October27, 2008 for convenience of collection by the Shareholders or Authorised Representatives.Thereafter, Warrants shall be dispatched to Shareholders at the addresses recorded with theCompany through courier service at their own risk and responsibility.

    Dated, DhakaOctober 19, 2008

    for Meghna Life Insurance Co. Ltd.

    Sd/-

    Mian Mohd. Mashiur Rahman

    Company Secretary

    ClaimsSettlement of Claims

    Claim Under Policies (Including provision for claims due or intimated) less Re-Insurance byDeath/Survival: Tk. 807,962,390

    Particulars Ordinary Life Loko Bima Islami Bima Islami Khudra Swanirvor Bima Group Total

    By Death 12,465,330 10,046,277 5,070,181 2,109,013 276,800 2,319,049 32,286,650

    By Survival 336,841,074 22,905.350 122,396,100 - - - 482,142,524

    By Surrender 2,549,959 5,708 457,444 - - - 3,013,111

    Bonus in Cash 51,060,873 29,404,748 385,721 53,024 665 - 80,905,031

    Claim by

    Maturity

    70,369,182 139,245,892 - - - - 209,615,074

    Total 2010 473,286,418 201,607,975 128,309,446 2,162,037 277,465 2,319,049 807,962,390

    Total 2009 377,048,458 109,265,913 94,778,490 215,155 103,500 - 581,411,516

    During the year 2010 the company has settled and adjusted Tk. 759,682,874 including last yearsoutstanding claims worth Tk. 271,691,732 as death claim, maturity claim and survival benefit. Theamount of Tk. 328,373,641 was outstanding as on December 31, 2010. Out of outstanding amount,the company has settled Tk. 246,734,809 as of the date of audit.

    End