Eastland Insurance PLC (Bangladesh)

Eastland Insurance Company Limited (EICL) is a non-life insurance company located in Dhaka, Bangladesh. It was incorporated on November 5, 1986, under the Companies Act 1913 (now 1994). The company's vision is to be one of the top-performing non-life insurance companies in Bangladesh. EICL obtained the Certificate of Registration for carrying on insurance business on November 22, 1986. It started with a paid-up capital of Tk. 30.00 million, sponsored by renowned business personalities and reputed industrialists of the country. Currently, EICL has an authorized capital of Tk. 1,000.00 million and a paid-up capital of Tk. 838.80 million as of December 31, 2021. The company's shares are listed on both the bourses of the country under the "A" category issue. EICL has a network of 28 branches across the country. In 2021, the company earned a gross premium of Tk. 1010.51 million. The head office of Eastland Insurance Company Limited is located at 13, Dilkusha C/A, Dhaka-1000. The chairman of the company is Mr. Mahbubur Rahman, who is a prominent business personality in Bangladesh. The management team is led by Mr. Abdul Haque FCA as the Chief Executive Officer (CEO), who has over 27 years of experience in the insurance industry. Eastland Insurance Company Limited focuses on providing professional services of the highest quality to its clientele, which includes reputed large national and multinational conglomerates. The company has a strong corporate culture, corporate governance, ethical standards, and corporate social responsibilities. It has received several awards for its annual reports, including the ICAB National Award for Best Presented Annual Report 2020 and the SAFA Certificate of Merit for the year 2020 in the category "Insurance Sector." Eastland Insurance Company Limited is also involved in the development of new products and services and marketing activities to tap into untapped segments of the market. The company aims to bring insurance services and benefits to the masses of Bangladesh. Additionally, Eastland is the proud sponsor of two reputed Non-Banking Financial Institutions, namely Industrial & Infrastructure Development Finance Company Ltd. (IIDFC) and National Housing Finance & Investment Ltd.