Eastland Ins celebrates 20th anniversary tomorrow
Eastland Insurance Company, one of the first generation private sector general insurance companies,
Eastland Insurance Company, one of the first generation private sector general insurance companies, is going to celebrate its 20th founding anniversary tomorrow, says a press release.The company will organise a reception at the Bangladesh-China Friendship Conference Centre (BCFCC) in the evening to mark the occasion. Eastland Insurance has a paid-up capital base of Tk150 million; with authorised capital of Tk500 million; as prescribed by the government. Eastland was listed as a public company with Dhaka Stock Exchange (DSE) in 1994 and its Tk30 million shares were over-subscribed by more than 12 times. Ever since, its performance remained steady with average annual growth rate of 20 percent over the last 5 years. The total asset of the company is over Tk 600 million having reserve base of about Tk 250 million. The company has so far settled claims amounting to over Tk 600 million and has been paying 'double digit' dividends to its shareholders ever since its inception plus bonus in recent times. Eastland has been offering comprehensive range of insurance packages to trade and industry from its 26 branches throughout Bangladesh.
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