Fareast Islami Life Insurance Company Limited

Fareast Islami Life Insurance Limited ফারইস্ট ইসলামী লাইফ ইন্স্যুরেন্স কোম্পানী লিমিটেড, was founded in Bangladesh as a public life insurance company in 2000. Currently the company has 23 Divisional Offices, 103 Service Center Offices, 252 Zonal Offices and 635 Premium collection centers throughout Bangladesh.

Fareast Islami Life Insurance Company Limited
Public Limited
IndustryFinancial services, insurance
FoundedMay 29, 2000 (2000-05-29)
Headquarters
Dhaka
,
Bangladesh
Key people
  • Md. Nazrul Islam (Chairman)
  • M. A. Khaleq (Founder)
  • Md. Hemayet Ullah (CEO)
[1]
Number of employees
4,870
Websitewww.fareastislamilife.com

History


Under the Companies Act 1994, Fareast Islami Life Insurance Company Limited started it journey on May 29, 2000. The company subsequently listed with the Dhaka Stock Exchange and Chittagong Stock Exchange

Regulatory framework

Insurance Development & Regulatory Authority of Bangladesh (IDRA), an entity formed under the Insurance Development and Regulatory Authority Act 2010, regulates all insurance companies of Bangladesh in accordance with the Insurance Act 2010.

Financial performance

As on 31 December 2017 the authorized capital of the company is taka 1000 million and paid up capital is taka 747.42 million.[2]

Insurance services
  • Ekok Bima
  • Sarbojonon Bima
  • Group Bima

Subsidiaries
  • Fareast Islami Securities Limited
  • Fareast Islami Properties Limited

Notes
  1. "New Chairman of Fareast Islami Life". The Daily Star. Dhaka. 15 February 2010.
  2. "Annual Report 2017". fareastislamilife.com.
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