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AUDITORS' REPORT TO THE SHAREHOLDERS OF

BANGLADESH GENERAL INSURANCE COMPANY LIMITED

We have audited the accompanying Balance Sheet of the Bangladesh General Insurance Company Limited as
at 31st December, 2009 and the related Revenue Accounts as well as the Profit and Loss Account, Profit and
Loss Appropriation Account and Statement of cash flow for the year then ended. These financial statements are
the responsibility of the company’s management. Our responsibility is to express an opinion on these financial
statements based on our audit.

We conducted our audit in accordance with BSA. Those standards require that we plan and perform the audit to
obtain reasonable assurance about whether the financial statements are free of material misstatement. An audit
includes examining, on a test basis, evidence supporting the amounts and disclosures in the financial
statements. An audit also includes assessing the accounting principles used and significant estimates made by
management, as well as evaluating the overall financial statement presentation. We believe that our audit
provides a reasonable basis for our opinion.

In our opinion, the financial statements, prepared in accordance with BAS, give a true and fair view of the state
of the company’s affairs as at 31st December, 2009 and of the results of its operations and its cash flow for the
year then ended and comply with the Insurance Act, 1938 the Insurance Rules, 1958 and other applicable laws
and regulations.

We also report that:

i) We have obtained all the information and explanations which to the best of our knowledge and belief
were necessary for the purposes of our audit and made due verification thereof;

ii) In our opinion, proper books of account as required by law have been kept by the company so far as it
appeared from our examination of those books and proper returns adequate for the purposes of our audit
have been received from branches not visited by us;

iii) The company’s Balance Sheet and Profit and Loss Account and its Cash Flow dealt with by the report
are in agreement with the books of account and returns;

iv) The expenditure incurred was for the purposes of the company’s business;

v) As per section 40-C (2) of the Insurance Act, 1938 as amended, we certify that to the best of our
knowledge and belief and according to the information and explanations given to us, all expenses of
management wherever incurred and whether incurred directly or indirectly, in respect of Insurance
business of the company transacted in Bangladesh during the year under report have been duly debited
to the related Revenue Accounts and the Profit and Loss Account of the Company; and

vi) As per regulation 11 of part 1 of the third schedule of the Insurance Act, 1938 as amended, we certify
that to the best of our information and as shown by its books, the Company during the year under report
has not paid any person any commission in any form, outside Bangladesh in respect of any of its
business re-insured abroad.

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BALANCE SHEET AS AT 31ST DECEMBER - 2009

2009 2008
CAPITAL AND LIABILITIES NOTE PROPERTY AND
TAKA TAKA

AUTHORISED CAPITAL : 500,000,000 500,000,000 INVESTMENTS A
5,000,000 Ordinary Shares of Tk. 100/- each Shares & Deben

ISSUED, SUBSCRIBED AND PAID-UP CAPITAL : 2.00 417,650,400 176,970,500 Three Years Na
41,76,504 Ordinary Share of Tk. 100 each
SHARE PREMIUM : 244,825,200 36,000,000
The amount represents Premium received @ 100 per share against
36,000,000 36,000,000
Right share issue of 3,60,000 Ordinery sahres in the year 2005

Right share issue of 20,88,252 Ordinery sahres in the year 2009 208,825,200 -

RESERVE OR CONTINGENCY ACCOUNTS : 134,908,999 134,408,999 INTEREST, DIVID

Reserve for Exceptional Losses 10.00 130,708,999 130,208,999
General Reserve 2,000,000 2,000,000
Share Value Fluctuation Reserve 1,000,000 1,000,000
Dividend Equalisation Reserve 1,200,000 1,200,000 AMOUNTS DUE
CARRYING ON I
PROPOSED DIVIDEND: 18.00 41,765,040 31,854,690
10% Stock Dividend ( 1 Share for 10 Shares held ) 41,765,040 31,854,690
SUNDRY DEBTO

PROFIT AND LOSS APPROPRIATION ACCOUNT 465,296 242,647
TOTAL SHARE HOLDERS' EQUITY 839,614,935 379,476,836 RIGHT SHARE IS

BALANCE OF FUNDS & ACCOUNTS 11.00 76,283,409 54,044,237 CASH AND BAN
Fixed Deposit A
PREMIUM DEPOSITS 12.00 8,744,462 6,907,941 STD & Current
Cash & Cheque
ESTIMATED LIABILITY IN RESPECT OF
OUTSTANDING CLAIMS WHETHER DUE OR INTIMATED 13.00 4,659,221 19,530,717

AMOUNTS DUE TO OTHER PERSONS OR BODIES OTHER ACCOUN
CARRYING ON INSURANCE BUSINESS 14.00 12,687,996 68,252,944 Tangible Fixed
Land (Free hold
LOAN FROM BANK (SECURED): 15.00 - 75,071,724 Stationery in ha
Overdraft From Uttara Bank Ltd. 15.01 - 51,214,780 Stamps in hand
Loan from BRAC Bank Ltd. 15.02 - 23,856,944

SUNDRY CREDITORS 16.00 22,787,299 22,767,757

PROVISION FOR TAXATION 17.00 23,057,877 16,461,628
TOTAL 987,835,199 642,513,784

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PROFIT AND LOSS ACCOUNT FOR THE YEAR ENDED 31ST
DECEMBER, 2009
2009 2008
NOTE TAKA TAKA
INTEREST, DIVIDEND & RENT:
EXPENSES OF MANAGEMENT: (Not applicable to any Fund or Accou
(Not applicable to any Fund or Account) # 18,587,542 17,824,938
Advertisement & Publicity 2,377,852 1,884,096 Interest received & accrued
Directors' Fees 64,000 108,000 Dividend & Debenture interest
Subscriptions 608,838 685,822
Audit Fees 210,000 210,000 PROFIT/(LOSS) TRANSFERRED F
Legal & Professional Fees 494,277 195,800 Fire Revenue Account
Depreciation 9,562,950 10,401,517 Marine Revenue Account
Interest on Loans 4,232,888 3,773,112 Miscellaneous Revenue Account
Right Share Issue Expenses Written off 1,036,737 566,591

OTHER INCOME :
BALANCE FOR THE YEAR CARRIED TO Trustee Fee
APPROPRIATION ACCOUNT 56,487,689 63,045,046 Profit on Sale of Shares
Profit on Sale of Tangible Fixed Asse
Rental Income BGIC Tower

# 75,075,231 80,869,984

PROFIT AND LOSS APPROPRIATION ACCOUNT FOR THE YEAR ENDED 31ST DE

RESERVE FOR EXCEPTIONAL LOSSES 10.00 500,000 13,430,923

PROVISION FOR TAXATION 17.00 14,000,000 18,000,000 BALANCE BROUGHT FORWARD F
PREVIOUS YEAR
PROPOSED DIVIDEND 18.00 41,765,040 31,854,690
Stock Dividend @ 10% per Share 41,765,040 31,854,690

BALANCE AT THE END OF THE YEAR AS BALANCE FOR THE YEAR BROUG
SHOWN IN THE BALANCE SHEET 465,296 242,647 FROM PROFIT AND LOSS ACCOU

TOTAL # 56,730,336 63,528,260 TO

EARNINGS PER SHARE 21.00 20.20 27.50

Note : All expenses of management wherever incurred, whether directly or indirectly, in respect of Fire, Marine and Miscellaneous Ins
business transacted in Bangladesh have been fully debited in the respective revenue account as expenses.

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PROFIT AND LOSS ACCOUNT FOR THE YEAR ENDED 31ST
DECEMBER, 2009

2009 2008 2009 2008
NOT NOT
TAKA TAKA TAKA TAKA
E E

Claims under policies less
Re-insurance :

23,990,8 9,797,10 Balance of account at the 9,720,07 13,506,96
Paid during the year 42 6 beginning of the Year 1 5

Total estimated liability in
respect of
Outstanding claims at the end
of the period

1,341,41 9,238,42 Premium Less Re- 59,694,6 24,300,17
whether due or intimated 5 1 Insurance 01 7

25,332,2 19,035,5
57 27

Less : Outstanding at the end

9,238,42 4,873,09
of previous year 1 7

16,093,8 14,162,4
36 30

34,218,7 35,258,2 Commission on Re- 36,770,0 60,378,23
Agency Commission 41 90 Insurance ceded 99 7

Commission on Re-Insurance
Accepted - 188,121

41,579,8 51,763,7
Expenses of Management 57 03

Profit/(Loss) transferred to (9,585,5 (12,907,
Profit and Loss Account 03) 236)

Balance of account at the end
of the year
as shown in the Balance
Sheet :

11.0 23,877,8 9,720,07
Reserve for unexpired risks 0 40 1

TOT 106,184, 98,185,3 TOT 106,184, 98,185,37
AL 771 79 AL 771 9

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MARINE INSURANCE REVENUE ACCOUNT FOR THE YEAR

ENDED 31ST DECEMBER, 2009

2009 2008 2009 2008
NOT NOT
E TAKA TAKA E TAKA TAKA
Claims under policies less
Re-insurance :

9,896,02 Balance of account at the 23,939,5 25,215,5
Paid during the year 0 5,921,446 beginning of the Year 31 26

Total estimated liability in
respect of
Outstanding claims at the
end of the year

Premium Less Re- 65,671,9 59,047,4
whether due or intimated 445,235 4,252,094 Insurance 21 72

10,341,2 10,173,54
55 0
Less : Outstanding at the end

4,252,09
of previous year 4 1,970,138

6,089,16
1 8,203,402

11,622,9 11,577,57 Commission on Re- 6,942,55 7,777,59
Agency Commission 86 2 Insurance ceded 2 0

Commission on Re-Insurance
Accepted - -

18,729,0 22,568,30
Expenses of Management 40 9

Profit/(Loss) transferred to 33,350,6 25,751,77
Profit and Loss Account 67 4

Balance of account at the
end of the year
as shown in the Balance
Sheet :

11.0 26,762,1 23,939,53
Reserve for unexpired risks 0 50 1

TOT 96,554,0 92,040,58 TOT 96,554,0 92,040,5
AL 04 8 AL 04 88

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MISCELLANEOUS INSURANCE REVENUE ACCOUNT FOR
THE YEAR ENDED 31ST DECEMBER, 2009

NO MOTO 2009 2008 NO MOTO 2009 2008
MISC. MISC
TE R TAKA TAKA TE R TAKA TAKA

Claims under
policies less Re-
Insurance :

Balance of
Paid during the year 16,626, 4,187, 20,813 14,695 Account at the

498 387 ,885 ,166

beginning of 17,541, 2,843, 20,384, 16,312
the year 424 211 635 ,960
Total estimated
liability in
respect of
Outstanding claims
at
the end of the period
whether due

1,620,7 1,251, 2,872, 6,040, Premium Less 45,867, 18,240 64,108, 50,961
or intimated 35 836 571 202 Re-Insurance 995 ,552 547 ,588

18,247, 5,439, 23,686 20,735
233 223 ,456 ,368

Less : Outstanding
at the end

of previous 4,669,7 1,370, 6,040, 6,752,
year 65 437 202 880

13,577, 4,068, 17,646 13,982
468 786 ,254 ,488

10,485, 7,434, 17,919 14,429 Commission on
Agency Commission 699 300 ,999 ,190 Re-Insurance

787,15 10,956 11,743, 12,103
ceded 5 ,543 698 ,988

Commission on Re- 176,47
Insurance Accepted - 88,362 88,362 7

Expenses of 12,893, 9,028, 21,922 21,332
Management 623 415 ,038 ,666

Profit/(Loss)
transferred to Profit

8,892,5 4,124, 13,016 9,073,
and Loss Account 86 222 ,808 080

Balance of account
at the end of year
as shown in the
Balance Sheet :
Reserve for

unexpired risks 11. 18,347, 7,296, 25,643 20,384
00 198 221 ,419 ,635

TO
TO
TA 64,196, 32,040 96,236 79,378 64,196, 32,040 96,236, 79,378
TAL
L 574 ,306 ,880 ,536 574 ,306 880 ,536

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STATEMENT OF CHANGES IN EQUITY
FOR THE YEAR ENDED DECEMBER 31, 2009
Share
Reserve for Dividend
Share General Value Pro
Particulars Share Capital Exceptional Equalization
Premium Reserve Fluctuation Bonu
Losses Fund
Reserve

Balance as on January 01, 2009 176,970,500 36,000,000 130,208,999 2,000,000 1,000,000 1,200,000 31,8

Profit after Tax during the Year - - - - - -

Bonus Share Distributed 31,854,700 - - - - - (31,8

Appropriation made during the
- 500,000 - - - 41,7
year

Right Share Issued 208,825,200 208,825,200 - - - -

Balance as on December
417,650,400 244,825,200 130,708,999 2,000,000 1,000,000 1,200,000 41,7
31,2009

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CASH FLOW STATEMENT
FOR THE YEAR ENDED 31ST DECEMBER - 2009
2009 2008
Particulars
TAKA TAKA
CASH FLOW FROM OPERATING ACTIVITIES:
Collection from Premium & Other Income 386,668,017.00 468,199,174.00
Payment for Management Expence,Re-insurance & Claims (385,770,065.00) (413,931,984.00)
Income Tax Paid (7,403,751.00) (16,219,413.00)
Net Cash flow from Operating Activities (6,505,799.00) 38,047,777.00

CASH FLOW FROM INVESTING ACTIVITIES :
Acquisition of Fixed Assets (1,366,401.00) (302,284.00)
Disposal of Fixed Assets - 120,359.00

Disposal of Investment 100,541,112.00 (36,706,301.00)
Redemption/ (Investment) in Debenture 1,828,880.00 785,008.00
Investment Made (114,107,720.00) 36,739,636.00
Net cash flow from Investing Activities (13,104,129.00) 636,418.00
CASH FLOW FROM FINANCING ACTIVITIES:
Issuance of Share Capital 208,825,210.00 26,357,300.00
Share Premium Received 208,825,200.00 -
Divided Paid - (26,357,310.00)
Increase/(Decrease) in loan from Banks (Secured) (75,071,724.00) 3,154,691.00
Net cash flow from Financing Activities 342,578,686.00 3,154,681.00
Increase/(Decrease) in cash and Bank Balances (A+B+C) 322,968,758.00 41,838,876.00
Cash and Bank Balances at 1 January, 2009 358,524,747.00 316,685,871.00
Cash and Bank Balances at 31st December, 2009 681,493,505.00 358,524,747.00
Net Operating Cash Flow per Share (NOCFPS) (3.09) 23.23
Number of share used to compute NOCFPS 2,102,999 1,637,919

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CLASSIFIED SUMMARY OF ASSETS
AS AT 31ST DECEMBER - 2009
FORM "A A"

Amount in Taka
Book Value Book Value
Sl. No. Class of Assets
2009 2008

1 National Investment Bonds 4,500,000 4,500,000

2 Debentures (Market Value Tk. 37,05,160.00) 3,705,160 5,534,032

3 Shares (Market value Tk. 10,86,42,7241.00) 87,836,790 62,716,254

4 Cash & Bank Balances 681,493,505 358,524,747

5 Stamps in hand 547,665 1,045,450

6 Accrued Interest 33,360,167 21,901,623

7 Sundry Debtors 9,268,329 10,947,710

8 Right Share Issue Expenses 4,146,948 -

9 Tangible Fixed Assets 6,509,530 6,306,927

10 Land at cost 27,590,217 27,590,217

11 Building at cost 75,592,365 83,991,517

12 Stationery in hand 1,180,695 579,434
13 Amounts due from other persons or bodies carrying on
insurance business 52,103,828 58,875,873

Total 987,835,199 642,513,784

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CLASSIFIED SUMMARY OF ASSETS
AS AT 31ST DECEMBER - 2009

BANGLADESH GENERAL INSURANCE COMPANY LTD.
NOTES TO THE ACCOUNTS
FOR THE YEAR ENDING DECEMBER 31, 2009

INTRODUCTI
1.00 ON:
"Bangladesh General Insurance Company Limited was incorporated as a public limited
comapny in Bangladesh on November 01, 1984 under the Companies Act, 1913 and
commenced it's operation on July 29, 1985."
The Company is listed in both Dhaka and Chittagong Stock Exchange as a Publicly Traded
Company.

1.01 NATURE OF BUSINESS:
The main objectives of the company are to carry on all kinds of insurance, guarantee and
indemnity business other than life insurance business.

1.02 SIGNIFICANT ACCOUNTING POLICIES AND OTHER RELEVENT INFORMATION:

"The Company has adopted relevent International Accounting Standards as were adopted in
Bangladesh under the tittle Bangladesh Accounting Standards (BAS) with reference to
1.03 disclosures of accounting policies notes to the financial statements, valuation of investment
such as long term and current investments."

1.04 Basis of Accounting:
The accounts have been prepared on a going concern basis under Generally Accepted
Accounting Principles (GAAP) in historical cost convention.

Basis of Presentation:

1.05
(a) The balance sheet has been prepared in accordance with the regulations as contained in
part I of the First Schedule and as per Form ‘A’ as set forth in part II of that Schedule and the
Revenue Account of each class of business has been prepared in accordance with the
regulations as contained in part I of the Third Schedule and as per Form ‘F’ as set forth in part
II of that Schedule of the Insurance Act, 1938.

(b) Accounts have been prepared following consistant basis.

(c) Figures have been rounded off to the nearest Taka.

(d) Last year’s figures have been re-arranged wherever necessary to conform to current
year’s presentation.

Fixed Assets:

1.06
Fixed Assets are stated at cost less accumulated depreciation. Fully depreciated assets are
carried in the books at nominal value of Tk. 1.00 for the purpose of identification.

Depreciation on Fixed
Assets:
1.07
Depreciation on Tangible Fixed Assets are charged on diminishing balance method at rates
varying from 10% to 20% depending on the estimated useful life of the Assets. No
depreciation has been charged on Land. Depreciation on additions to Fixed Assets are
charged for the full year irrespective of the date of acquisition of Assets and no depreciation is
charged in the year of disposal of assets.

Public
Sector
1.08 Business:
The Company's share of Public Sector business for the period from 1st July, 2008 to 30th
June, 2009 received from Sadharan Bima Corporation has been incorporated in the
Company's account for the year ended 31st December, 2009. This system of accounting of
public sector business is being followed consistently.

Premium
1.09 Income:
The total amount of premium earned on various classes of insurance business underwritten
during the year, the gross amount of premium earned against various policies, the amount of
re-insurance premium due to Sadharan Bima Corporation, the amount of re-insurance
commission earned and the amount of claims less re-insurance settled during the year have
all been duly accounted for in the books of account of the company and while preparing the
final statements of accounts, the effect of re-insurance accepted and re-insurance ceded as
well as the effect of total estimated liabilities in respect of outstanding claims at the end of the
year whether due or intimated have also been duly reflected in the accounts in order to arrive
at the net underwritting profit for the year.

Interest on Statutory
and Other
1.10 Investments:

Interest accrued on statutory investment of Tk. 45.00 lacs lying with Bangladesh Bank in the
form of National Investment Bond (NIB) and interest received from banks on STD and FDR
accounts have been duly credited to the Profit and Loss Account.

Loss or Gain on Sale of Shares
1.11 and Debentures:
Loss or Gain on sale of shares and debentures and dividend income during the year have
been shown in the Profit and Loss Account and the tax relief as well as the concession rate of
tax as availed under the existing income tax law have been given effect in the accounts.

Management
1.12 Expenses:
Management expenses as charged to Revenue Accounts and amount of Tk. 82,230,935 is
approximately 22.77% of gross premium of Tk. 361,188,348. The expenses have been
apportioned 50.56% to Fire, 22.78% to Marine and 26.66% to Miscellaneous business as per
management decision.

Provision for
1.13 Unexpired Risks:
Before arriving at the surplus of each class of business necessary provision for un-expired risk
have been created at the rate of 40% on all business except on Marine Hull business for
which the provision was made @ 100% of the total for the year 2009.

Reserve for
1.14 Exceptional Loss:
Reserve for Exceptional Losses as appropriated out of current year's profit before tax
amounts to Tk.5,00,000.

Outstanding
1.15 Premium:
The outstanding premium appearing in the accounts represents only the amount which relates
to the accounting period in the fprm of cash and cheques in hand in line with the system
followed by the company.

1.16Going
Concern:
The financial statements of the entity have been prepared by the management considering
the entity as a going concern and the entity is optimistic to continue its business operation for
the foreseeable future. More so, the company has earned a good amount of profit and in line
with that the company has proposed for payment of Stock dividend @ 10% during the year
under audit in the form of bonus shares as against the payment of dividend @ 18% (bonus
shares) in the last year.

Use of
1.17 Estimate:

Preparation of financial statements in conformity with International Accounting Standards
(IAS) requires management to make estimates and assumptions that affect the reported
amounts of assets and liabilities and disclosure of contigent assets and liabilities if any at the
date of the financial statements, and revenues and expenses during the year reported. Actual
result could differ from those estimates. Estimates are used in accounting for certain items
such as depreciation, outstanding claims, taxes reserves etc.

Basis of recognition of Income in respect of Premium Deposits:

1.18
Amounts received against Cover notes, which have not been converted into policy are
recognised as Income at the earlier of Cover notes converted into policy or expiry of period
not exceeding six months in accordance with the Controller of Insurance Circular.

Loan from
1.19Banks:

Bank loan has been fully repaid during the year.

Investment in Shares
1.20 and Debenture:
The company has invested total amount of Tk. 96,041,950 in the share market which have
been valued at cost and presented in the financial statements attatched to the report.

Contingent
1.21 Liabilities:
The Company has a total amount of Tk. 21,467,182 towards contigent liabilities relates
gurantee and other liabilities with the different bodies/parties as on the date of the Balance
Sheet.

General:
1.22
(i). Provision for Income Tax has been made in accordance with the best estimate of the
management based on the prevailing Income Tax Law.
(ii). During the year interest on investment in FDR, National Investment Bonds (NIB) and
Debentures have been accounted for as income on accrual basis.

2.00
ISSUED, SUBSCRIBED AND
Tk.
PAID UP CAPITAL : 417,650,
400

This is made up
Amount in Taka
as follows :
2009 2008

600,000 Ordinary shares of Tk. 100/- each called and paid up in full.
60,000,00 60,000,0

0 00

120,000 Ordinary shares of Tk. 100/- each fully paid up as bonus shares issued during the
year 1997. 12,000,00 12,000,0
0 00

year 2005. 14,400,00 14,400,0
0 00

year 2006. 18,360,00 18,360,0
0 00

98,532 Ordinary shares of Tk. 100/- each fully paid up as bonus shares issued for the year
2007. 9,853,20
9,853,200
0

2008. 26,357,30 26,357,3
0 00

2009. 31,854,70
-
0

RIGHT SHARES :

360,000 Ordinary Shares of Tk. 100/- each as Right Shares issued during the year 2005.
36,000,00 36,000,0
0 00

2,088,252 Ordinary Shares of Tk. 100/- each as Right Shares issued during the year 2009.
208,825,2
-
00

Total
417,650,4 176,970,
00 500

(a) Category of
Share Holders :

Category of Shareholders Number of Share Percentage of Holding
Sponsor
Directors :

Mr. Towhid 4.31%

Samad
179,812
Mr. ASM
2.36%
Shahidullah Khan
98,730
Mr. Sayeed
Hossain 2.99%
Chowdhury 125,009
Mr. Salim
3.34%
Bhuiyan
139,544
Mr. FMAB
1.68%
Siddique
70,356

Mr. Ragib Ali 1.88%
78,666

Mr. Mosahid Ali 1.41%
58,890

Mr. A Sattar 0.97%
40,682

Mr. Salim Ahmed 0.83%
34,802
Mr. A. Z
0.69%
Humayun
29,018

Sub Total : 20.48%
855,509
Public Directors
:

Mr. Saleh Ahmed 0.12%
4,914

Mr. Aftab Alam 0.04%
1,856
Mr. Mahmud
0.08%
Hasan
3,322

Mr. Noor Alam 0.45%
18,900
Mr. Sohail
0.77%
Humayun
31,962

Sub Total : 1.46%
60,954

Independent
Director :

Mr. Mozibar
0.00%
Rahman
-

Sub Total : 0.00%
-

Financial
Institutions:

ICB 10.77%
449,909
Financial
14.56%
Institutions
608,134

Foreign Investors 0.00%
-

General Public 52.72%
2,201,998

Sub Total : 78.06%
3,260,041

GRAND TOTAL: 100.00%
4,176,504

(b) Classification of
Shareholders by holdings:

NUMBER NUMBER OF
Class interval OF SHARE PERCENTAGE OF TOTAL SHARE HOLDING
SHARES HOLDERS
Less than 500
shares 870,484 11,261 20.84%
501 - 5000 658,734 498 15.77%
5001 - 10000 226,322 32 5.42%
10001 - 20000 315,190 21 7.55%
20001 - 40000 543,748 20 13.02%
40001 - Above 1,562,026 20 37.40%

TOTAL : 4,176,504 11,852 100.00%

INVESTMENTS
AT COST : Tk.

3.00 96,041,95
0
This is made up
as follows :
2009 2008
At cost At cost
Shares & Market Price Market Price Amount
Amount(T Amount(
Debentures Amount (Tk.) (Tk.)
3.01 k.) Tk.)

Investment in 62,716,25
shares 108,642,241 87,836,797 82,188,537 4

Investment in
debentures 3,705,160 3,705,153 5,534,040 5,534,032

68,250,28
112,347,401 91,541,950 87,722,577 6

National Investment
3.02 Bonds(NIB) at cost 4,500,000 4,500,000

4,500,000 4,500,000
Total :

72,750,28
96,041,950 6

INTEREST, DIVIDEND & 33,360,16
4.00 RENT OUTSTANDING: Tk. 7

This is made up
Amount in Taka
as follows :
2009 2008
Accrued Interest 18,537,36
on FDRs 29,509,381 3

Accrued Interest
on Debenture 3,085,786 2,981,760

Accrued Interest
on NIB 765,000 382,500

21,901,62
Total : 33,360,167 3

AMOUNTS DUE FROM
5.00 OTHER PERSONS OR

BODIES CARRYING ON 52,103,82
INSURANCE BUSINESS: Tk. 8

These represent the amount receivable from insurance companies on account of co-insurance premium
and claim at December 31, 2009. The balances remain unconfirmed.

This is made up
as follows : Amount in Taka
2009 2008
Amount due from
SBC
5,977 5,548
Co-Insurance
Premium
57,549,74
receivable
50,537,887 5
Co-Insurance
Claim
recoverable 1,559,964 1,320,580

58,875,87
Total : 52,103,828 3

SUNDRY
6.00 DEBTORS : Tk.9,268,330

This is made up
as follows: Amount in Taka
2009 2008

Advance Rent 4,091,183 3,941,261

Advances Salary 608,391 848,637

Advances for Car
Lease 424,979 424,979

Other Advances 2,175,114 3,613,857

Security deposit 836,000 836,000
House Building 1,282,976

Loans to Staff
1,132,663

10,947,71
9,268,330 0

RIGHT SHARE ISSUE EXPENSES :
7.00 Tk. 4,146,948

Total Right Share Issue Expenses amounts to Tk. 5,183,685. This amount is being written off equally over five
years.
Amount in Taka
2009 2008
Total Right Share
Issue Expenses.
5,183,685 566,591

Less: Written off
in 2009 (1,036,737) (566,591)

Balance Carried
forward 4,146,948 -

CASH AND BANK BALANCES :
681,493,5
8.00
Tk.05

This is made up
2009 2008

Fixed Deposits 344,015,00 191,190,0
8.01 with Banks 0 00

STD & Current
Accounts with 292,551,49 133,150,2
8.02 Banks 4 31

Cash & Cheques 34,184,51
8.03 in hand 44,927,011 6

681,493,50 358,524,7
5 47

TANGIBLE FIXED ASSETS (AT COST
Tk.
LESS DEPRECIATION) : 82,101,8
9.00
95

Amount in Taka
Particulars Furniture,
Electric Motor & Other Office
Fixture & Sundry Assets Building Total
Equipments Vehicles Equipments
Fittings

Cost:

Balance as on
01.01.2009 93,323,90 122,181,
7,841,412 5,230,225 6,822,165 5,065,687 3,897,918 8 315

Additions during
the year 1,366,40
303,724 280,997 119,500 662,180 - - 1
Disposal during
-
the year
- - - - - -

Balance as on
31.12.2009 8,145,136 5,511,222 3,897,918 93,323,90 123,547,
6,941,665 5,727,867
8 716

Depreciation:

Balance as on
01.01.2009 31,882,8
5,914,387 4,228,391 5,170,478 4,054,810 3,550,295 8,964,510 71

Charge during the 9,562,95
year 223,075 192,425 427,814 250,959 69,525 8,399,152 0

Disposal during
the year - - -

Balance as on 17,363,66 41,445,8
31.12.09 6,137,462 4,420,816 5,598,292 4,305,769 3,619,820 2 21
Written down
value as at
December 31, 75,960,24 82,101,8
2009 2,007,674 1,090,406 1,343,373 1,422,098 278,098 6 95

Balance as on 84,359,39 90,298,4
31.12.2008 1,927,025 1,001,834 1,651,687 1,010,877 347,623 8 44

LAND (FREE
Tk.
HOLD) AT COST 27,590,2
9.01 : 17

The above amount represents the value of the remaining 7.5875 kathas of land valued at cost amounting to Tk.
27,590,217 in the name of the Company.

RESERVE FOR 130,708,
10.00 EXCEPTIONAL LOSSES : Tk. 999

This is made up
2009 2008

116,778,
Opening balance 130,208,999 076

Addition during 13,430,9
the year 500,000 23

130,208,
Closing balance 130,708,999 999

An amount of Tk.5,00,000 has been set aside during the year to meet exceptional losses as per rules for
computation of profits and gains as prescribed in the 4th schedule of the Income Tax ordinance,1984.

BALANCE OF FUNDS & 76,283,4
11.00 ACCOUNTS : Tk. 09

This amount is
made up as
follows : Amount in Taka
2009 2008

Fire Insurance 9,720,07
Fund Account 23,877,840 1

Marine Insurance 23,939,5

Miscellaneous Insurance 20,384,6

54,044,2
76,283,409 37

Balance of fund and accounts / Reserve for unexpired risks has been made on premium income at the following
rates:

Fire
40%
Marine
Cargo 40%
Marine Hull &
Aviation
Hull 100%
Motor &
Miscellaneous
40%

PREMIUM 8,744,46
12.00 DEPOSITS: Tk. 2
Balance on this account represents premium received against cover notes for which risks had not been initiated
within December 31, 2009.

ESTIMATED LIABILITY IN RESPECT OF OUTSTANDING CLAIMS
13.00 WHETHER DUE OR INTIMATED : 4,659,22
Tk. 1

This amount is
made up as
follows : Amount in Taka
2009 2008

9,238,42
Fire 1,341,415 1

4,252,09
Marine 445,235 4

6,040,20
Miscellaneous 2,872,571 2

19,530,7
4,659,221 17

All the claims of which the management is aware of as per intimation up to the year end have been taken into
consideration while estimating this net liability in respect of outstanding claims.

AMOUNTS DUE TO OTHER PERSONS OR BODIES CARRYING ON INSURANCE
BUSINESS: Tk.

14.00 12,687,9
96

This represents the amount payable to Sadharan Bima Corporation and other re-insurer and private sector
insurance companies on account of re-insurance and co-insurance premium at December 31, 2009.
This is made up
as follows :

Amount in Taka
Re-insurance payable to Sadharan Bima Corporation 2009 2008

Co-insurance premium payable
58,372,8
4,700,915 34

9,880,11
Total 7,987,081 0

68,252,9
12,687,996 44

LOAN FROM BANKS
(SECURED):
15.00 Tk. -

This is made up
2009 2008

OVERDRAFT FROM
15.01 UTTARA BANK LTD. : 51,214,7
- 80
The overdraft from Uttara Bank Ltd. Banijya Shakaha, Dilkusha,
Dhaka carries interest @ 11% per annum secured against Lien of
FDRs. Bank loan has been fully repaid during the year.

LOAN FROM
BRAC BANK
15.02 23,856,9
LTD. :
- 44
The loan from BRAC Bank Ltd. Gulshan Branch, Dhaka carries
interest @ 12.50% per annum secured against lien of FDRs. Bank
loan has been fully repaid during the year

- 75,071,7
24

16.00 SUNDRY 22,787,2
CREDITORS: Tk. 99

This is made up
2009 2008

Creditors for 1,505,62
Expenses 14,411,132 6

2,895,61
Unpaid Dividend 3,351,883 8

Trade & Other 18,366,5
Creditors 5,024,284 13

22,767,7
22,787,299 57

17.00 PROVISION FOR 23,057,8
TAXATION: Tk. 77

This is made up
2009 2008

14,681,0
Opening Balance 16,461,628 41

Add : Provision 18,000,0
for the year 14,000,000 00

32,681,0
30,461,628 41

Less: Payments/adjustment (3,378,1
during the year (2,175,114) 17)

Less: Previous
years Tax Paid (5,228,637) (12,841,

296)

16,461,6
Closing Balance 23,057,877 28

18.00 PROPOSED 41,765,0
DIVIDEND : Tk. 40

The Board of Directors has recommend Stock Dividend @ 10% per ordinary share (10 shares for 100 shares held)
on the paid up capital of Tk. 417,650,400.00 The rate of dividend in the last year was Stock Dividend @18% per
ordinary share (18 shares for 100 shares held) on the paid of capital of Tk. 176,970,500.00.

INTEREST RECEIVED & 22,968,1
19.00 ACCRUED: Tk. 15

This is made up
2009 2008

Interest on National
Investment Bonds & Others 551,330 382,500

16,721,9
Interest on FDRs 19,634,886 64

Interest on STD 1,309,59
Accounts 2,781,899 5

18,414,0
Total : 22,968,115 59

20.00
DIVIDEND & DEBENTURE
INTEREST: Tk. 890,942

This is made up
2009 2008

Dividend on
Shares (Gross) 485,116 677,852
Interest on
Debentures 405,826

(Gross) 400,000

1,077,85
890,942 2

EARNING PER
Tk.
SHARE:
21.00 20.20
Earnings per share as shown in the face of the Profit and Loss Account is calculated in accordinace with
Bangladesh Accounting Standard 33: "Earning Per Share".

This is made up
2009 2008

Net Profit Before 63,045,0
Tax 56,487,689 46

Number of Share (Weighted 1,637,91
Average Number) 2,102,999 9
Earning Per
Share Before
Tax 26.86 38.49

Net Profit After 45,045,0
Tax 42,487,689 46

Number of Share (Weighted 1,637,91
Average Number) 2,102,999 9

Earning Per
Share After Tax 20.20 27.50

NUMBER OF EMPLOYEES DRAWING ANNUAL REMUNERATION BELOW AND ABOVE TK. 36,000.00
22.00

The number of permanent employees engaged for the whole year who received total annual remuneration of Tk.
36,000.00 and above was 320 and below 36,000 p.a. is none.

CONTINGENT
LIABILITIES
23.00

There are contingent liabilities aggregating to Tk.
21,467,182 for Guarantees and Other liabilities.

EXPENSES INCURRED / EARNED IN FOREIGN CURRENCY :

24.00

The Company did not incur any expenses nor earned any income in foreign currency on account of royalty,
technical expert, professional Advisory fee and interest, etc.

25.00 COMMITMENT ON CAPITAL EXPENDITURE :

There is no Capital Expenditure commitment entered into by the Company during the year under audit.

NET ASSETS
VALUE:
26.00
The offer price of the common stock of BGIC has been determined on the basis of net assets value, the break up
is given below:

Amount in Taka
2009 2008
A. Assets:

Investments at
Cost 96,041,950 72,750,2
86
Interest, Dividend
& Rent
33,360,167 21,901,6
Outstanding
23
Amount due from Other Persons or Bodies
Carrying on Insurance Business
52,103,828 58,875,8
73
Sundry Debtors

9,268,329 10,947,7
10
Right Share Issue
Expense
4,146,948
-

Cash and Bank
Balance 681,493,505 358,524,
747

Other Accounts
111,420,472 119,513,
545

Total Assets
987,835,199 642,513,
784

B. Liabilities:

Balance of Funds
& Accounts 76,283,409 54,044,2
37

Premium
Deposits 8,744,462 6,907,94
1
Estimated Liabilities in
Respect of Outstanding
4,763,221 19,530,7
Claims
17
Whether Due or
Intimated
Amount due to Other Persons or Bodies
Carrying on Insurance Business
12,687,996 68,252,9
44

Loan from Banks
(secured) - 75,071,7
24

Sundry Creditors
22,683,299 22,767,7
57

Provision for
Taxation 23,057,877 16,461,6
28

Total Liabilities
263,036,
148,220,264 948
Net Assets (A-B)
839,614,935
379,476,
836
Number of Weighted Average Shares
Outstanding During the Year 2,102,999
1,769,70
5
Book Value Per
Share 399.25
214.43

27.00 RELATED PARTY TRANSACTIONS :

There is no related party
transaction during the year.

HOME Previous

ABOUT BGIC

Established in 1985 as the first general insurance company in private sector, BGIC has since
developed substantially with all the strengths and details prudently essential of an insurance
company.

Late Mr. M. A. Samad founded BGIC in 1984 soon after he retired as Managing Director of
Jiban Bima Corporation.

more details

CHAIRMAN

The Chairman of BGIC, Mr. Towhid Samad, a well-known businessman and social personality is
an Economics (Hons.) graduate of Dhaka University and a Master’s degree holder in Economics
from Karachi University.

An innovative industrialist in the hosiery sector, he is a founder director of BGIC. He is also the
founder trustee and currently the chairman of the Education, Scientific Technology and cultural
Development Trust, which is the founder of the Independent University, Bangladesh. Mr. Samad
was also elected and had served as the President of Dhaka Club Ltd.

Managing Director:
Mr. A. K. Azizul Huq Chaudhuri is a widely recognised insurance expert at both home & abroad.
He obtained Fellowship (FCII) from the world famous Chartered Insurance Institute of London
and also did his Diploma in Office Management from Glasgow University.Apart from this he
was trained on insurance and reinsurance for long three years in Europe under the “Overseas
Students Training Scholarship” of the Chartered Insurance Institute of London. During the active
professional career in insurance for over 3 decades, Mr. Chaudhuri was General Manager and
Managing Director of Sadharan Bima Corporation and Director of the Bangladesh Insurance
Academy. He is also a Fellow of the Federation of the Insurance Institute of India (FFII) and an
overseas Fellow of the Economic Development Institute of the World Bank, Washington. A

distinguished insurance expert of international repute Mr. Chaudhuri represented Bangladesh in
various international insurance forums. He is a prolific writer and the author of an insurance text
book. Mr. Chaudhuri is a recognised insurance expert under UNDP.
Additional Managing Directors (Operations):
Additional Managing Directors (Operations) Mr. Ahmed Saifuddin Chowdhury started his career
with BGIC from 1986 just immediately after completing his post graduate studies. He joined
BGIC as a junior officer at Head Office, Dhaka in 1987. By dint of his merit, talent and
efficiency he has gathered vast knowledge and experience on Underwriting, Accounts &
Finance, Administration, Branch Control, Re-insurance, Claim and Marketing. He has excellent
social affiliation. Before joining as Additional Managing Director (Operations), he was working
in BGIC's Zonal Office, Chittagong as Deputy Managing Director. He is an M.Com in
Management with Honours from Chittagong University and MBA from Southern University,
Bangladesh.
Additional Managing Director (Marketing):
BGIC’s Addtitional Managing Director (Marketing) Mr. Kazi Mokaddas Masum joined the
Company as a Junior Development Officer way back in 1986 around the same time when BGIC
started operating as the first General Insurance Company in the private sector. By dint of his own
merit he has risen to such a coveted position of the Company.
He is an M. Sc. in Physics with Honours from Rajshahi University.
MANAGEMENT
Consultants:
BGIC's Management has been enriched with the association of two highly acclaimed experts.
They are Mr. Anisuz Zaman Chowdhury and Mr. Khorshed Alam. . Mr. Anisuz Zaman
Chowdhury had his C.A. degree from London in 1964 and is admitted as an Associate Member
(ACA) of the Institute of Chartered Accountants in England & Wales. He is also admitted as
F.C.A., a Fellow of the Institute of Chartered Accountants in England & Wales in 1975. He has
served a number of internationally reputed Chartered Accounts Firms and is widely experienced
in investments and in share market. Mr. Khorshed Alam is a retired Senior Civil Servant and a
former Governor of Bangladesh Bank. He was also Finance Secretary, Govt. of the Peoples
Republic of Bangladesh. Mr. Khorshed Alam is widely known in the business circle and
respected.
Auditors:
M/s. Habib Sarwar & Co.
Chartered Accountants
Eastern Commercial Complex
73, Kakrail, Dhaka-1000

MANAGEMENT
Chairman Mr. Towhid Samad

Managing Director Mr. A. K. Azizul Haq chaudhuri, FCII (
London)
Additional Managing Director ( Operations) & Mr. Ahmed Saifuddin Chowdhury
Company Secretary
Additional Managing Director ( Marketing) Mr. K. M. Masum
Principal Adviser Mr. Khorsed Alam
Financial Consultant Mr. Anisuzzaman Chowdhury, FCA
General Manager & CFO Mr. Chowdhury Md. Abu Sayead
General Manager ( Underwriting) Mr. Md. Imral Rouf
General Manager ( Claims & Re-Insurance) Ms. Rashida Banu.
General Manager ( Admin & Personnel) Mr. Tapan Mahmud
Deputy General Manager( Share & Investment): Mr. Md. Mustafa
Deputy General Manager ( Development & Co- Mr. Md. Eqbal Ali
Ordination)
Deputy General Manager ( Lagal Affairs & Mr. K. M. Azimullah
Estate)
Deputy General Manager ( Internal Audit) Mr. Md. Manik Miah
Deputy General Manager ( Re-Insurance) Ms. Nagma Hossain
Deputy General Manager ( Branch Control) Mr. Md. Abdul Mazid Khan

FOUNDER

Late Mr. M. A. Samad founded BGIC in 1984 soon after
he retired as Managing Director of Jiban Bima
Corporation. He became BGIC's first Managing
Director. In addition to this, in 1990, he was elected the
Chairman of the Board of Directors of BGIC. He served
the Company as Chairman cum Managing Director until
July 2003 when he voluntarily retired as Managing
Director and continued as the Chairman until his death
in 2005.

Mr. Samad was born in an distinguished family of Sylhet in 1923. He had an exceptional
academic career which culminated at his graduation with honors from the renowned Presidency
College, Kolkata, India.

During his illustrious career in insurance stretching into six decades, Mr. M A Samad worked
as the Chief Agent and Manager for East Pakistan for Commercial Union Insurance Company
United Kingdom, as Life Manager, Great Eastern Insurance Company, General Manager,
Federal Life General Insurance Company, Chairman, Surma Jiban Bima Corporation, and

Managing Director, Jiban Bima Corporation.

Mr. Samad's dedication to Insurance perhaps mostly reflected in his never-ending desire to
impart Insurance education. In this regard, he attended Chartered Insurance Institute Training
Courses in London; visited many important Insurance Training Institutions and Insurance
Departments of different Universities in UK and USA under UNDP Fellowship Program;
attended Seminar on Insurance Administration at Manila under UNCTAD/UNDP Project,
attended many Annual Conference of the Federation of Insurance Institutes of India.

next page

BGIC's Background

Bangladesh general insurance company Ltd. or
"BGIC Ltd". is the first general insurance
company in Bangladesh in the private sector.
BGIC was incorporated as a public limited
company and started business on 29 july, 1985
with an authorised capital of Tk. 100 million
divided into 1,000,000 ordinary shares of Tk. 100
each. The company runs the business operation
under the supervision of board of Director and
legal frame work of the insurance Act, 1938 and
the insurance rules,1958 as a amended from time
to time. Its initial paid up capital was Tk 30
million. In May 1989, the company's paid up
capital was increased to Tk. 60 million by
offering Tk.30 million worth of share for public
subscription, the paidup capital was increased to
Tk. 72 million in 1998, and by December 2008,
BGIC's paid up capital stood at Tk. 176.97
million. BGIC is listed with both Dhaka and
chittagong stock exchanges. In december 2008,
the numbers of shareholders of the company was
7,708, who held 1,769,705 shares. BGIC has
since developed sbustantially with all the
strengths and details prudently essential of an
insurance company. It is primarily sraffed with
professionals of longest experience, qualified
insurance technocrats of highest order of
international repute and a team of highly
educated and skilled personnel of commendable
status. The equity structure of the company was
carefully selected, not only for the financial
benefit, but to support the growth of a dynamic
company with the goal a major player both in the
domestic and international insurance markets.

The company ownership is prudently distributed
to sponsor Director 22.94%, public Director
1.64%, Institutions 14.67% and 60.75% General
public shareholders.

BGIC's Vision

To transform the company into an ideal
insurance company, with larger growing equity

base, that will provide more opprotunities and
options for utilization of funds in a prudent
manner and help to increase profitability through
economy of scale, better resource mobilization
and reduction in operational costs, to provide
better services to our clients and policy holders
and to promote the confidence of both
shareholders and policy holders.

next page

BGIC's Mission

To provide excellent
services, best risk
management, prompt
settlement of claims.
To expand nation wide
branch network of the
company, induct and build,

a sound and dynamic team.
To ensure good governance,
for sustainable and
equitalbe and equitable
growth and prosperity of the
company.
To provide more benefits to
staffs, share holders and
policy holders.

BGIC's Objectives

Make affordable insurance
accessible to all
Keep customer as focal
point for all operations
Adopt best inernational
practices in claims,
underwriting and policy
servicing
Be the most innovative in
product development
Establish pan bangladesh
presence

BGIC's Value propositions

Risk Evaluation: Provide expertise in risk
evaluation and risk mitigation leading to the most
appropriate risk transfer solution.

Post Sales services: Differentiate on service
parameters by ensuring prompt and correct
documentation and fair, transparent and speedy
claims settlement.

New Products: Introduce innovative products
suited to specific market segments.

BGIC's Value propositions

Training: Extensive teaining to the employees
involved in underwriting and claims to ensure

availability if a varied experienced and
competent team to cater to the customer needs.

Technology: Use IT as a means to provide for a
far superior customer experience in terms of
access, speed and simplicity.

Reinsurance Banking: Apart from using capacity
of the national reinsurer, establish relationships
with the best reinsurers across the world.

BGIC's Foundation: We Believe in.....

Principles: To guide and counsel us in everything
we do through knowledge management

Trust: To forge stronger, longer-lasting
relationships with the customers

Integrity: In our dealings with customers and
business partners

Excellence: In everything we do for the
betterment of our customers and business
partners

Professionalism: In serving customers and
working with business partners

Innovativeness: To continually provide relevant
products and services with changing business
environment

INSURANCE SERVICES

FIRE AND ALLIED INSURANCE
INDUSTRIAL ALL RISK INCLUDING BUSINESS INTEERUPTION
INSURANCE
BURGLARY AND HOUSEBREAKING
LOSS OF PROFIT/ BUSINESS INTERRUPTION INSURANCE
MARINE CARGO INSURANCE
MARINE HULL INSURANCE
MOTOR VEHICLE INSURANCE
ALL RISK INSURANCE
CASH-IN-TRANSIT INSURANCE
CASH-IN-SAFE INSURANCE
CASH-ON-COUNTER INSURANCE

WORKMEN’S COMPENSATION INSURANCE
FIDELITY GUARANTEE INSURANCE
PRODUCT LIABILITY INSURANCE
PUBLIC LIABILITY INSURANCE
COMPREHENSIVE GENERAL LIABILITY INSURANCE
PERSONAL ACCIDENT INSURANCE
PEOPLES PERSONAL ACCIDENT INSURANCE
OVERSEAS MEDICLAIM INSURANCE
OVERSEAS MEDICLAIM (CORPORATE FREQUENT TRAVEL) INSURANCE
ERECTION ALL RISK INSURANCE
CONTRACTORS ALL RISK INSURANCE
MACHINERY BREAKDOWN INSURANCE
BOILER AND PRESSURE PLANT INSURANCE
DETERIORATION OF STOCK IN COLD STORAGE INSURANCE
ELECTRICAL EQUIPMENT INSURANCE
CATTLE AND LIVESTOCK INSURANCE
HEALTH INSURANCE

BRANCH NETWORK

Dhaka Zonal Office 42, Dilkusha C/A, Dhaka-1000, Bangladesh.
Phone: 9564213, 9550379, 9564731, 9555073-74, 9563056,
9566125.
Mohakhali Branch 94, Mohakhali C/A, dhaka. Tel: 02-9886883 Cell:
01818012416.
Uttara Branch House# 2A, Rd# 2B, Sonargaon Janapath, Uttara, dhaka - 1230.
Phone: 02-7911772.
Chittagong Zonal Office Jiban Bima Bhaban, 56, Agrabad C/A, Chittagong, Phone:
721527, 714853, Bgic@spctnet.com
Khatungonj Branch Ambia Plaza, 11, Bandel Road, Bakshir Hat, Ctg, Phone:

619807
Jubilee Road Branch Khawja Tools Market, 188/A, Jubilee Road, Chittagong,
Phone: 616034, Bgic_cjr@spctnet.com
Khulna Zonal Office 6, P. C. Roy Road, Khulna, Phone: 724853
Kushtia Branch Lovely Tower, 55/1, Serajuddoula Rd, Khushia, Phone: 62077
Jessore Branch 36, M. K. Road, Jessore, Phone: 66495
Imamgonj Branch 38, Mitford Road, Dhaka, Phone: 7319723
Narayangonj Branch 16/2, S. M. Maleh Road, Tanbazar, Narayangonj, Phone:
7632544
Sylhet Branch Modhu Ban Super Market (4th Floor), Bandar Bazar, Sylhet,
Phone: 714513
Bogra Branch Jautala Pukur Par, Bogra, Phone: 66460, 51364
Rangpur Branch Chowdhury Mansion, 22, Central Road, Rangpur, Phone:
63725
Feni Branch Trunk Road, Feni, Phone: 74767
Rajshahi Branch Saheb Bazar, Sonar Patty, Rajshahi, Phone: 774367
Mymensingh Branch B.M.A. Bhaban, Abul Monsur Road, Mymensingh, Phone:
54092
Barisal Branch Air Arked Bhaban, 95, Sadar Road, Barisal, Phone: 52917
Sreemangal Branch Masjid Building, College Road, Sreemangal, Phone: 71089,
71090
Dinajpur Branch Lok Bhaban, Munshi Para, Dinajpur, Phone: 63480
Naogaon Branch Chakdev, Sadar Road, Naogaon, Phone: 62650
Narsingdi Branch Madhabdi Bazar, Narsingdi, Phone: 01199088922,
01199004339
Saidpur Branch Amin Plaza (1st Floor), Shid Dr. Zikrul Huq Rd, Saidpur,
Phone: 2822
Comilla Branch Suravi Mansion, Nazrul Islam Road, Kandirpar, Comilla,
Phone: 62859, 01711113737
Chandpur Branch Sheikh Mansion, Comilla Road, Chandpur, Phone: 65635

National Organizations
Abul Khair Group Meridion Group
BRAC Bank Ltd. Monno Group of Industries.
B. R. B. Group. Mohamodi Group
Doreen Power Generation of Systems Mongla Cement Factory
Ltd.
East West Industrial Park Nassa Group
Envoy Group Nasir Group of Industries Ltd.
Energypac Confidence Power Venture One Bank
Ltd.
Elite Chemical Industries PHP Group

Evince Group Rahimafrooz (BD) Ltd.
Far Ciramic Indts Ltd. Robin Tex Ltd.
Globe Janakantha Shipa Paribar Standard Chartered Bank
Haque & Company Ltd. Shanta Group
H.R.C. Group Southeast Bank
HSBC Bank Uttara Group Indt.
Jaya Group Urmi Group
Multi-Nationals
Asia Plastic Bangladesh Ltd. Organon Bangladesh Ltd.
Bloosm Textile mills Ltd. Pacific Telecom Bangladesh Ltd.
British American Tobacco (BD) Ltd. Renata International Ltd.
BSRM Ltd. Shine Fashion Ltd.
Cellular Mobile (Pvt.) Ltd. Singer Bangladesh Ltd.
GEC(BD) Ltd. Sonargaon & Sheraton Hotel
International
Homebound Ltd. TM International Ltd.
L.M. Ericsson BD. Ltd. (Sonny) Unilever (BD) Ltd.
M. Z. Mobile Zone Woori Bank Ltd.
More Client List

BGIC Major Client List

Multi-Nationals

Berger Paints Ltd. Reckitt Benckiser (Bangladesh) Ltd.
Fu-Wang Ceramic Industry Sgwicus (Bangladesh) Ltd.
Mitsubishi Corporation. Shimizu Corporation.

Foreign Missions

Embassy of the USSR, International Monetary Fund
Embassy of the People's Republic of The Consulate of the Republic of
China, Singapore.

Embassy of the Republic of Korea, The Polish People's Republic of
Poland
Embassy of the Federal Republic of World Bank
Germany
Embassy of the Royal Kingdom of
Saudi Arabia

Sadharan Bima Sadan
33, Dilkusha C/A
Dhaka Bangladesh. -
Sadharan Bima Tel: 9566108-9, 9566105-6
Corporation Website : Sadharan Bima Corporation

Agrani Insurance Company Ltd.
Head Office
Moon Mension (6th floor) -
Agrani Insurance 12 Dilkusha C/A,
Company Limited. Dhaka - 1000, Bangladesh.

Head Office
Green White Bhaban,
28, BB Avenue,
Asia Pacific General Dhaka-1000 , Bangladesh.
Tel: 88-02-9551388, 9555338, 7160745
Insurance Company Ltd. Fax: +88-02-9558125
E-mail: apgic@ bdcom.com
Website :
www.apgicl.com

Bangladesh Co-operative
- -
General Insurance Ltd.

Head Office : Bangladesh General Insurance
Bangladesh General Insurance Co. Ltd. Co. Ltd. Established in 1985 as
42, Dilkusha C/A Motijheel
the first general insurance
Dhaka - 1000, Bangladesh.
company in private sector. BGIC
Tel. : 9555073-4, 9563056-8 has dedicated professional
Fax. : +88-02-9564212 management team supported by
Bangladesh General Email : highly trained staff who can offer
Insurance Co. Ltd. bgicinsurance@yahoo.com
sound and reliable advice on risk
bgic@citechco.net
info@bgicinsure.com management

Web page : www.bgicinsure.com INSURANCE SERVICES :

 Fire and Allied Insurance.
 Industrial all risk,
including business
interruption Insurance.

Read more Insurance services of
Bangladesh general insurance
company.

Bangladesh National
- -
Insurance Co. Ltd.
Central Insurance Co. Ltd. - -
City General Insurance Co.
- -
Ltd
Eastern Insurance Co. Ltd - -
Federal Insurance Co. Ltd - -

Head Office:
Hadi Mansion (4th floor)
2, Dilkusha C/A,Dhaka-1000
Green Delta Insurance Co. Bangladesh.
PABX: 9560005,9567760-62 -
Ltd FAX: 9562345
Email: gdic@bol-online.com
Website :
Green Delta Insurance Co. Ltd

Janata Insurance Co. Ltd - -
Karnafully Insurance Co.
- -
Ltd
Meghna Insurance Co. Ltd - -
Mercantile Insurance Co.
- -
Ltd
Nitol Insurance Co. Ltd. is a
Corporate Office : Public Limited General
Nitol Insurance Co. Ltd. Insurance Company established
Nitol Centre (5th Floor) in the year 1999 to transact
71, Mohakhali C/A, General Insurance Business in
Dhaka-1212.
Nitol Insurance Co. Ltd. Tel. : 8857247-8, 8853084, 8834321 the private sector.
Fax. : 8802-8826184
Email : nitolins[at]bol-online.com,
info[at]nitolinsurance.com  Fire Insurance ( damage
Web page : www.nitolinsurance.com of properties ,
machineries etc. )

 Marine Insurance
 Motor Insurance
 Miscellaneous Insurance
( ).

Northern General Insurance
- -
Co. Ltd
Paramount Insurance
- -
Company Ltd.
People's Insurance Co. Ltd - -
Phoenix Insurance Co. Ltd - -

Head Office
Symphony (5th Floor)
Plot # SE(F)9, Road # 142
South Avenue, Gulshan-1
Dhaka-1212 , Bangladesh.
Pioneer Insurance Co. Ltd Tel: 8816579, 8816793, 8817512, -
8816561
Fax: +88-02-8817234, 8817264
E-mail: piclho[at]gmail.com
Website :
www.pioneerinsurancebd.com

Prime Insurance Co. Ltd - -
Progoti General Insurance
- -
Co. Ltd
Provati Insurance Co. Ltd - -
Purabi General Insurance
- -
Co. Ltd
Reliance Insurance Co. Ltd - -
Rupali Insurance Co. Ltd - -

Head Office
United Insurance Co. Ltd.
Camellia House
22 Kazi Nazrul Islam Avenue
Dhaka 1000, Bangladesh. -
United Insurance Co. Ltd Phone : 8619336-8, 9667999, 8631447
Fax : 880-2-8622330
Email : info@unitedinsurance.com.bd
Website : United Insurance Co. Ltd

Bgic

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