Profile of Crystal Insurence Company Limited.
Crystal Insurance Company Limited is one of the leading general insurance (Non Life) company in private sector in Bangladesh. The company transacts a wide range of General Insurance business in Bangladesh and expertise in the field with sound and stable financial position
Lal Bhaban (10th Floor), 18, Rajuk Avenue, P.S. Motijheel, Dhaka-1000. Tel. No. 9571715 (Hunting), Fax: 9567205, E-mail: email@example.com.
Date of Incorporation : 11.11.1999.
Date of commencement of business : 11.11.1999.
Authorized Capital : Tk. 100,00,00,000/- consisting of 10,00,00,000 shares of Tk. 10/- each.
Paid-up Capital : Tk. 6,00,00,000/- consisting of 60,00,000 shares of Tk. 10/- each.
Sponsors portion of paid-up capital (40%) : Tk. 6,00,00,000/-.
Public portion of paid-up capital (60%) : Tk. 9,00,00,000/-.
Number of Sponsor Director and names:
Mr. Abdullah Al-Mahmud.
Mr. Abdullah Hasan.
Mr. A.H.M. Mozammel Hoque.
Mr. Tajul Islam.
Mr. Abdullah Al-Mamun.
Mrs. Farhana Nasrin
Mrs. Shahzadi Begum.
Mrs. Farzana Arman
Mr. Asoke Ranjan Kapuria.
Ms. Soera Zahir
Some of specialities of the Company:
To Provide the customer services of highest standard and to become thereby, a role model for others in terms of security,Relaiability and Professionalism in general insurance industry.
To remain innovative and flexible in our services at all time .
To remain at the top in terms of knowledgeable resource persons by updating insurance policy changes, if any.
Products & Service:
Crystal insurance Company Limited undertakes to underwrite general insurance coverage of all types in the following categories:
Marine (Cargo, Hull) risks
Motor vehicles of all types risks
Fire, RSD, Flood, Cyclone & allied risks.
Authorized Capital of the company is Tk. 100,00,00,000/-(One hundred crore) divided into 10,00,00,000/-(Ten crore) shares of Tk. 10(Ten) each.
Paid-up Capital of the Company is Tk. 15,00,00,000/-(Fifteen crore) of which Tk. 6,00,00,000.00(Six crore) has been fully paid-up by the sponsors prior to commencement of business. The remaining Tk. 9,00,00,000/-(Nine crore) will be raised by public issue of shares very soon.
CICL, synonymous to and worthy of its name Crystal is committed to transparency in its business operations, financial control and monitoring. The Chairman of the Company apart from presiding over Board’s Policy meetings, meets the higher management from time to time to keep himself abreast of the Company’s operations. An Audit Committee regularly monitors the financial performance of the Company.
Brief of Management of the Company:
Mr. Abdullah Al-Mahmud.
Mr. Abdullah Al Mahmud is the Chairman of the Company. He is a wide renowned industrial entrepreneur and an established business man of the country. He is the Managing Director of Mahin Group consisting of the following industries :-
>> He is a Commercially Important Person (CIP).
>> He received TEXBANGLA-2012 Crest Award from the Hon’ble Prime Minister Sheikh Hasina for his
>> outstanding performance in the field of Textile Sector of Bangladesh.
>> He is Director of Grameen Software Limited.
>> He is Member of the Board of Directors of BGMEA and Vice President of BTMEA.
>> He is Member of the Executive Committee of Bangladesh Insurance Association.
>> He is a member of Uttara Club, Gulshan Club and Comilla Club. He is a widely traveled man and visited USA, UK many Asian, European and African Countries several times on industrial and business purpose.