Company Profile

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: cicl@dhaka.net.

  • 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.

  • Miscellaneous risks.

Capital Structure:

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.

Financial Control:

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 :-

  1.  Hamid Fabrics Limited, Unit-I & II
  2.  Mahin Apparels Limited.
  3. Hamid Weaving Mills Limited.
  4. Tazrian Weaving Mills Limited.
  5. Tazrian Spinning Mills Limited.

>> 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.