4. Presented To:
Naima Haque
Assistant Professor
University of Information & Technology
Department of Business Studies
BBA Program
Course Name: Insurance & Risk Management
Course Code: FIN 429
Semester: Spring 2023
5. Vision & Mission
• Vision
1. To be a leading life insurance Company and to be a company with due solemnity
and corporate social responsibility to the society uphold by taking life risks of the
policyholders.
• Mission
1. To provide unequal service, protect our policy holders interest and contribute for
economic stabilization of the company.
2. To maintain stakeholders interest with fair and transparent operation.
6. Products & Services
1. Child Protection Assurance
2. Endowment Assurance
3. Three Payment Assurance
4. Renewable Group Term Assurance
5. Group Endowment Assurance
6. Mitali Bima (Premium Back Term)
7. Deposit pension Scheme
8. Biennial Payment Plan
9. Single Payment Scheme
10. Denmohor Bima
11. Hajj Bima Plan
7. Insurance Premium
• Premium
• Premium is an amount paid periodically to the insurer by the insured for covering his
risk.
• Gross Premium Vs. Net Premium
• The phrase "net premium" refers to an insurer's actual premium after any adjustments or
deductions have been made. Net premiums are the income the insurance company will
receive minus the expenses incurred by providing full coverage.
• The phrase "gross premium" refers to the total amount of premiums charged before any
adjustments or deductions have been made. In other words, it's the total cost of your
insurance policy before anything has been subtracted from it.
10. Gross Premium & Net Premium
103.67 105.45
81.03 80.71
108.46
102.96 105.4
80.75 80.62
108.12
0
10
20
30
40
50
60
70
80
90
100
110
120
2021 2020 2019 2018 2017
Gross premium (Cr.)
Net premium (Cr.)
Interpretation: First there is a downward trend for two years and then an upward trend for the next two years in both
Gross premium & Net premium which can be considered ok for the company since the growth of the company is slow.
11. TotalAsset & Current Liabilities
214.70
246.02
254.50
294.14
353.05
20.11 26.71 25.37
16.2 12.84
0.00
50.00
100.00
150.00
200.00
250.00
300.00
350.00
400.00
2021 2020 2019 2018 2017
Assets
Current Liabilities
Interpretation: There is a downward trend in total asset and an upward trend in current liabilities. Still total asset is
much higher than current liabilities. But the gap between the total asset and current liabilities is getting shorter each year
which indicates a negative sign for the company.
12. Profit & Reserve
126.05
182.44
192.15
240.86
303.6
32.77
1.11 1.21 1.31 1.42
0
50
100
150
200
250
300
350
2021 2020 2019 2018 2017
Net Profit Reserve
Interpretation: There is an downward trend in profit which indicates a negative sign. Though profit has been decreased,
reserve has been increased which indicates the company's strength.
13. Investment & Investment Income
105.11
125.57
140.93
159.8
200.34
5.79 5.10 7.51 10.47
17.56
0.00
50.00
100.00
150.00
200.00
250.00
2021 2020 2019 2018 2017
Investment
Investment
Income
Interpretation: There is a downward trend in in both Investment & Investment Income of the company that means
decrease in investment resulted in decrease of the investment income which indicates a negative sign for the company.
14. Recommendations
SICL can arrange seminars for the public and as well as for the employees so that the employees can get a proper
knowledge how to deal with customer and how to increase their network and facility.
SICL should increase their online facility. By this it can give and take facilities by setting in the desk.
SICL should improve its technological facilities and it should reduce its paper pencil works.
“Employee Recruitment Process”- should be done in a fare process so that appropriate and talented employees are
selected through the recruitment process and increase the productivity and quality of the service.
The most important thing that has come to my mind concerning their promotional activities is that they should go
for print or broad cast media for advertisement to make their customer aware about their range of services and
make the strong place in the customers‟ mind.
They should increase the number of Branches in all over the country.
15. Conclusion
The competition is increasing day by day between the insurance companies. SICL need to develop their
some productive sectors. At present, a company cannot establish properly without developing information
technology. The progress of insurance business depends on the progress of economic condition .Insurance
business also faces many problem. So if we develop economic condition as well as overcome the
problems, it will help a lot to flourish this business in our country. So, SICL should focus on those issues
to develop its growth and faith from its customers. SICL is proud to be a company that helps people in
time of trouble.