Life inshurance contract may MEGHNA LIFE INSURANCE COMPANY LIMITED

Company :: About Us
In the ninetieth decade some enthusiastic Bangladeshi professionals along with some others of similar state of mind dreamed of establishing a Life Insurance Company in order to participate in the financial activities of the country such as reduction of unemployment, alleviation of poverty and to contribute to the nation for the upliftment of the lot of common people. Eventually due to ceaseless efforts and courageous initiative of the Chairman and some other entrepreneurs, Meghna Life Insurance Co. Ltd. was emerged in 1996. The main object of Meghna Life was to provide maximum financial security to a person and families by giving modern Insurance facilities. Its other objectives are to turn it into a profitable savings institution through payment of bonus at an attractive rate and enriched servicing and invest the accumulated small savings in the nation building various welfare and profitable projects. The main object of Meghna Life was to provide maximum financial security to a person and families by giving modern Insurance facilities. Its other objectives are to turn it into a profitable savings institution through payment of bonus at an attractive rate and enriched servicing and invest the accumulated small savings in the nation building various welfare and profitable projects. The authorized capital of the company is Tk. 30 crore and paid up capital at present stands at Tk. 16.45 crore. In 1996 Premium income, Life Fund & Investment was Tk. 3.30 crore, Tk. 0.04 crore & Tk. 2.59 crore respectively and in 2010 such Premium income, Life Fund & Investment increased to Tk. 337.88 crore, Tk. 743.94 crore & Tk. 552.51 crore respectively. From 1996 to 2010 Meghna Life paid 39.05 crore taka as death claim, taka 129.87 crore as survival benefit Tk. 17.38 crore as maturity claims and Tk. 2.42 crore as bonus to the policy holders. This success has been possible due to constant guidance supervision and ceaseless efforts of the Honorable Chairman and Directors and the present competent management. It soon made a mark in the Life Insurance arena by not only being the top listed among the Private sector indigenous companies, but by undertaking and successfully implementing innovative and welfare oriented Life Insurance schemes. It introduced an array of conventional Life and other Insurance products of Loko Bima, Islami Bima (Takaful), Swanirvor Bima and Islami Khudra Bima (Takaful) many of which were the first in Bangladesh. For the first time Hospitalization benefit Insurance product was also introduced by Meghna Life. Meghna Life has earned reputation in every corner of the insurance Industry. It can take pride of its prestigious achievements which are molded with transparency, accountability, impeccable working capacity, sincerity, honesty and sagacity. The company has diversified its products to match customers needs and satisfaction. Currently it provides multifarious Life Insurance products to cater to the aspirations & needs as well as religious beliefs to the clients. There is no iota of doubt that Meghna life will go forward with its new missions and visions in the days to come

Corporate Information
Date of Incorporation Commencement of Business Registration with Department of Insurance Registered Office : 05.05.1996 : 05.05.1996 : 01.06.1996 : Biman Bhaban (2nd floor) 100, Motijheel C/A., Dhaka-1000, Bangladesh. : 880-2-9558297, 880-2-9558993, 880-29556204 Fax No. : 880-2-7171942 e-mail : info@meghnalife.com : Tk. 30 Crores : Tk. 16.45 Crores : A. Wahab & Co. Chartered Accountants : 04.09.2005 The Law Society, Dhaka.

Phone, Fax & e-mail

Authorised Capital Issued, Subscribed and paid up Capital Auditors

Date of 1st Trading of share in DSE & CSE

Legal Adviser

Board of Directors Chairman

Nizam Uddin Ahmed

Vice-Chairman
Hasina Nizam

Directors
Md. Jamal Uddin

Nasir Uddin Ahmed Jobaida Nasreen Sharmin Nasir Dilruba Sharmin Mazharul Islam Independent Director
Professor Md. Mohiuddin

Managing Director
Muhammed Shah Alam, FCA

Company Secretary S. M. Shahadat Hossain

Management

Managing Director
Muhammed Shah Alam, FCA

Director-Marketing & Development

Lt. Col. (Retd.) M Shamsuddin Ahmed

Adviser
M. A. Majid FCA

Consultant-Marketing & Dev.

M. Sultan Khan

Deputy Managing Directors

Md. Khorshed Alam D. S. Taiful Islam N. C. Rudra Sadequr Rahman

Senior Executive Directors

Md. Mohidur Rahman Khan Md. Abdur Razzaque

Executive Directors
Abu Bakar Siddik Sohel Quamrul Hasan Khondker

Joint Executive Directors

Faruk Ahmed Siddique

Senior General Managers

Md. Shamsul Hoque Md. Kazi Ataur Rahman Saifuddin Ahmed (Opu) Aziz Ahmed

General Managers
Nurul Aman Chowdhury Shajahan Ali Mollick Md. Nizam Uddin Monirul Hasan Milon Abdul Kader

Company Secretary
S. M. Shahadat Hossain

:: Company :: Committees
Members of Audit Committee Professor Md. Mohiuddin Nasir UddinAhmed Chairman Member

Sharmin Nasir

"

Members of Management Committee Muhammed Shah Alam FCA M. A. Majid FCA Lt. Col. (Retd.) M. Shamsuddin Ahmed Md. Khorshed Alam D. S. Taiful Islam N.C. Rudra Md. Mohidur Rahman Khan Md. Abdur Razzaque Abu Bakar Siddik Sohel Md. Shamsul Hoque Main Mohd. Mashiur Rahman Chairman Member " " " " " " " " Member Secretary

The Shari Council Professor Moulana Muhammad Salah Uddin Khatib, National Mosque Baitul Mukarram, Dhaka. Justice Mohammed Abdur Rouf Former Chief Election Commissioner. Moulana & Poet Ruhul Amin Khan Joint Secretary, Jamiatul Modarresin & Editor, Daily the Inquilab, Dhaka. Mufti Mohammed Nurul Huda Fayazi, Pir Saheb- Karimpur. Chairman, Quran Education Board, Bangladesh. Moulana Mohammed Saleh Principal, Madrasa-e-Alia, Khulna. Doctor Moulana M.A Faruque Chairman, Islamia Studies Department, South East University Moulana Mohammed Ali Hossain. Ex-Principal Islamia Alia Madrasa, Chalkbazar, Comilla. Chairman Member Member Member Member Member Member Muraqib

Mufti Muhammad Amimul Ehsan

Company Representatives: Al hajj Nazim Uddin Ahmed Chairman Muhammed Shah Alam FCA, Managing Director Abu Bakar Siddique Sohel, (ED-Islami Khudra Bima) Member

Quamrul Hasan Khondker, (ED-Islami Bima)

Member Secretary

Major Offices
Ekok Bima Head Office Divisional Office Zonal Office Branch Office 1 18 96 287 402 Regional Office 98 District Office Thana Office 1737 10000 11835 Zonal Office Branch Office 60 245 305 Regional Office District Office Thana Office 64 590 3737 4393 Zonal Office Branch Office 32 48 80 Loko Bima Islami Bima (Takaful) Islami Khudra Bima (Takaful) Swanirvor Bima Grand Total 1 192 2540 15181 17917

Total

Services
Products Meghna Life Insurance Company Ltd. has introduced innovative and attractive policies with a view to attract different class of people of the country. At present Meghna Life Insurance Company is offering the following policies in other 6 (Six) different categories: 1.Ordinary Life (Ekok Bima) 2.Group Insurance 3.Loko Bima 4.Islami Bima (Takaful) 5.Islami Khudra Bima (Takaful) 6.Swanirvar Bima

Ordinary Life (Ekok Bima) :

Meghna Life offers a wide variety of ordinary life product/plans ranging from the most common endowment type to more modern and sophisticated plans like endowment with open term, pension plan, child protection plan, etc. and the aim of increasing pension, increasing protection with provision for premium refund etc. The plans have been designed keeping in view the diverse and multifaceted needs of the insuring public belonging to different strata of the Society.

The followings are the Plans of Ordinary Life: (Ekok Bima)

Sl.
1. 2. 3. 4. 5. 6. 7. 8. 9. 10. 11. 12.

Schemes
Endowment Insurance Plan - with Profits 3 (three) Payment Insurance Plan - with Profits Biennial Endowment Insurance - with Profits Child Protection Endowment Insurance - with Profits Insurance Cum Pension Plan - without Profits Single Premium Guaranteed Benefit Plan - without Profits Education Expense Insurance Plan - with Profits Premium Back Term Insurance - without Profits Islami Endowment Plan - with Profits Islami Biennial Payment Assurance Plan - with Profits Islami 5 (five) Instalment Insurance Plan - with Profits Meghna Life DPI - with Profits

Group Insurance :
This scheme has been designed to make the officials and employees of Meghna Life Insurance Co. Ltd. free from tension and financial hardship. With a very small premium, very large amount of Sumassured may be taken with regard to the risk of accident and premature death. The arrangement of Group Insurance may be made if at least 10 members are there. In case of group term Insurance there may be 5 members. Premium normally be paid on annual basis. The premium of this insurance may be paid fully or partially by the employees and the employers.

Loko Bima :
Loko Bima Project was emerged on 13th June 1998. The aim and object of Loko Bima Project is to arouse 90%. People of the country towards savings and to make them conscious and self-reliant through Insurance. This project plays a very important role in solving social problems of a large number of people by reduction of unemployment, population control, development of cottage Industry, rural development so to say social backwardness etc. The following are the plans of Loko Bima-

Sl.
1. 2. 3. 4.

Schemes
Endowment Insurance plan - with Profits. Child protection Endowment Insurance - with Profits. Meghna deposit Premium scheme - with Profits. Single Premium Insurance - with Profits.

Islami Bima (Takaful) :

The aim and object of Islami Bima (Takaful) is to provide more financial security of the mass people of this country through this project. This project was introduced to turn Life Insurance into a profitable savings arrangement through payment by instalments on the basis of Islami Shariah and transparent and impeccable servicing. The followings are the Plans of Islami Bima: (Takaful)

Sl.
1. 2. 3. 4. 5. 6. 7. 8. 9. 10. 11. 12.

Schemes
Islamic Endowment Insurance Plan (Takaful) - with Profit Islami Takaful 3 (three) Payment Insurance Plan - with Profits Islami Bima (Takaful) Biennial Endowment Insurance Plan - with Profits Islami Bima (Takaful) Child Protection Endowment Insurance Plan - with Profits Islami Bima (Takaful) Insurance-Cum Pension Plan - without Profits Islami Bima (Takaful) Single Premium Guaranteed Benefit Plan - without Profit Islami Bima (Takaful) Education Expense Insurance Plan - with Profits Islami Bima (Takaful) Premium Back Term Insurance - without Profits Islamic Endowment Plan (Takaful) - with Profits Islamic Biennial Payment Assurance (Takaful) Plan - with Profits Islami 5 (five) Instalment Insurance Plan - with Profits Takaful Islami DPI - with Profits

The project is conformed with a Shariah Council comprising 15 (Fifteen) members.

Islami Khudra Bima (Takaful) :

The object of Islami Khudra Bima (Takaful) is to create habit of savings for the low income group of people of Bangladesh, ensure profit and savings through modern Insurance facilities and to introduce interest free Islami Bima. These are the following plans-

Sl.
1. 2. 3. 4.

Schemes
Endowment Insurance - with Profits. Child Protection Endowment Insurance - with Profits. Single Premium Guaranteed Insurance - with Profits. Islami Khudra DPS - with Profits.

Supplementary Hospitalization Insurance Benefit

those who are within the age of 18 to 55 years, they take this Insurance with the principal policy. Advantages available in the Hospital Staying in the Private room. Doctors Consultation Fees. Diagnosis expenses. Surgical Operation expenses. Medicine. Relevant Services Expenses. The special characteristic of the scheme: This advantage may be taken for wife and children of the policyholder. Very less premium. Any medical facility is available at home and abroad. Facilities of any Govt. Hospital or any other Private Hospital with 50 beds may be available. Medical treatment expenses in any extraneous hospitalization will be borne in Bangladeshi Currency. Consultation of Doctors may be taken with ones own choice. Rebate of Tax is available. Rules of payment of medical bill of the Hospital The company will directly make payment of the Hospital bills subject to admission in the Hospital approved by the company. Re-imbursement: If the policyholder himself bears expenses on approved treatment from the Hospital which has no contract with the company, in that case the company will reimburse Hospital bills. But in these cases all the vouchers and papers shall be deposited within 30 days after release from Hospital and the company will arrange reimbursement of those after due scrutiny.

Supplementary Dread Disease Benefit (DDB 50%, 25%)

Disease and old age complicacy is indissolubly linked with human lives. Men can, at anytime be attacked with serious disease and they may not be capable to have proper treatment immediately. In this connection, Meghna Life can provide money for treatment of such fatal diseases by DDB. Whatever Sum-assured may be, the supplementary Insurance cannot exceed 10 lac as facility. If the policyholder is attacked with any of the following disease, 25% of the Sum-assured be paid immediately: 1. Heart attack 2. Stroke 3. Coronary Artinary Surgery 4. Kidney Failure 5. Multiple Sclerosis 6. Paralysis.

Supplementary Accidental Death Benefit (ADB)

This supplementary Insurance may be taken adjoining the Endowment Assurance, Whole Life Assurance, Term Assurance, Group Insurance or pension scheme. ADB is normally given as supplementary cover with the Principal Insurance policy. The advantages of taking ADB as supplementary cover with any Life Insurance policy is that if any policyholder dies due to accident the nominee of the insured will be provided with an amount equivalent to the Sum-assured within 90 days. The rate of premium is low in this Insurance as a result the Insured can take this policy as supplementary Insurance on nominal condition.

Supplementary Permanent Disability and Accident Benefit (PDAB)

PDAB policy can be taken for death or disability by physical hurt due to accident. In case of death the nominee of the Insured will get an additional amount equivalent to principal Sumassured. An amount equivalent to the Sum-assured is also paid to the nominee of the policyholder instantly if both hands or both legs or both the eyes or one hand and one leg are lost. In case of fully and permanent disability, the policyholder will be given 10% of the principal Sumassured for next 10 years since the happening of accident as yearly allowance. In case of one leg or one hand and an eye are lost, the policyholder will be given 50% of the Sumassured instantly. At the maturity, the full Sum-assured is paid.

BEST POLICYHOLDERS

Sl. Name No. 1. Mr. Md. Afruz Miah 2. 3. Alhaj Md. Nuzrul Ahsan Mr. Md. Mosharaf Hossain

Policy No.

SumAssured

Table No.of Commence- Mode of Basic & Age Instalment ment Date payment Premium Term received 33 48 36 45 45 28/12/ 1996 28/12/2008 28/09/1996 28/12/2002 28/12/2000 Yearly Yearly Yearly Yearly Yearly 1,49,500 8,96,000 3,59,150 6,50,650 4,79,050 13 1 13 7 9

06002721,00,00,000 06-27 6 01189541,00,00,000 04-15 8 01004118 01159214 01088631 55,00,000 04-20 55,00,000 04-10 55,00,000 04-15

4. Mrs. Nargis Mannan 5. Mr. Md. Mokhlesur Rahman

Training There is no alternative to rise up in life without education and Training. Educational qualification is an indispensable part of a person engaged in any profession. Present age is the age of having expertise in any subject matter. One must have sufficient knowledge on the works he has to do. It accelerates his prosperity if he deserves his ability through achieving proper education and training. The management of Meghna Life Insurance Co. Ltd. has long been thinking to create technically qualified persons having sound knowledge on Insurance profession by giving them proper training and professional education. With this end in view the management opened a training cell in the company and appointed a senior official to impart professional training to the officials engaged both in the field as well as in the Desk. In the year at 2009 the company conducted different training courses on different subject matters for its officials which are as follows:

Sl.No. 1. 2. 3. 4. 5. Sales Course

Course Held

Number of Courses 30 3 3 12

Total Trainees 2767 64 45 721

Underwriting and Claims Management Course Finance and Accounting Management for Insurance Operation Sales Course for the Zone/Branch Incharges Special Course for Executive Directors and Joint Executtive Directors, SVP and VP etc. Office Management Course Basic Course on Life insurance Training of Trainers (ToT)

6. 7. 8.

2 2 1 53

82 12 2 3,693

53 Training courses were held in different Divisional offices including Head office of the company where 3,693 officials participated. The company also sent its officials to the Bangladesh Insurance Academy where 5 training courses were held and 20 officials participated in those courses. Besides, Meghna Life also introduced coaching classes since 2001 for the Diploma course conducted by Bangladesh Insurance Academy in its own premises where a good number of officials attended the classes. In the meantime, some of the officials have passed in the examinations. Meghna Life Insurance Company Ltd. during 2001-2009 initiated epoch-marketing steps to professionally train up their officials and to make them fit to handle any technical works smoothly and perfectly.

Information
Progress at a glance Progress at a glance in last five years
Taka in Crore

10

Progress at a glance in last ten years

Particulars 2010 1st Year Premium Renewal Premium Group Premium Gross Premium Investment Income Other Income Total Income Policy Benefits
Management Expenses

2009

2008

2007

2006

2005

2004

2003

2002

2001

111.17 225.49 1.22 337.88 93.53 0.52 431.15 80.80 144.11

89.96 177.10 0.88 267.94 55.73 0.42 323.52 58.14 114.91

78.31 152.30 .65 231.27 35.84 .25 266.96 42.58 94.34

64.87 118.81 .59 184.27 21.40 .10 205.15 31.02 76.23

58.26 89.84 .35 148.45 10.35 .15 158.59 20.31 64.34

49.17 57.64 .26 107.07 6.20 .44 113.03 13.08 52.65

34.30 41.59 .22 76.11 3.44 .32 79.87 8.17 38.71

27.41 28.69 .25 56.35 2.04 .78 59.17 5.35 32.93

23.35 19.26 .17 42.78 1.29 .14 44.21 4.16 26.23

17.90 12.01 .13 30.04 .91 .12 31.07 2.60 18.65

Overall Expenses Ratio(%) Life Fund Investment Portfolio Total Assets

42.65 743.94 552.51 834.50

42.88 550.57 413.88 618.81

40.79 415.91 291.06 474.73

41.36 294.23 200.78 342.84

43.34 201.33 130.80 242.10

49.16 131.00 82.70 164.05

50.86 84.99 44.80 106.10

58.43 53.65 26.57 71.68

61.31 34.28 15.84 50.58

62.08 21.19 9.90 34.89

Dividend

Price Sensitive Information

This is for information of call concerned that the Board of Directors of Meghna Life Insurance Company Limited in its meeting held on 8th June,2009 at 4.00 p.m. has taken the following price sensitive decisions:

1. Recommended dividend of the year 2008

2. Date & Time of 13th AGM 3. Venue of AGM 4. Record Date of AGM

: The Board of Directors' recommend for declaration of total @ 35% in the form stock dividend (bonus share) @ 30%(30:100) and cash dividend @ 5%i.e. TK. 5/- per share of TK. 100 each to the shareholders for the year ended 31st December, 2008 for subsequent approval in the 13th AGM : Wedensday 12 August,2009 at 10.00 A.M : Bangladesh Institute of Administration and Management (BIAM) Auditorium, 63, New Eskaton, Dhaka. : Thursday 9th July, 2009. By order of the Board of Directors Sd/-

Dated : 08.06.2009 (Mian Mohd. Mashinur RahmanCompany Secretary

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Price Sensitive Information

This is for information of call concerned that the Board of Directors of Meghna Life Insurance Company Limited in its meeting held on 8th June,2009 at 4.00 p.m.decided to sponsor a Mutual Fund titled `Meghna Life Mutual Fund-Scheme One' for TK. 50.00 crore, wherein Company's stake as sponsor will be TK. 10.00 crore. THe fund will be launched subject to approval of Securities and Exchange Commission.

By order of the Board of Directors Sd/Dated : 08.06.2009 (Mian Mohd. Mashinur Rahman Company Secretary

Notice of the13th Annual General Meeting

Notice is hereby given that the 13th Annual General Meeting of Meghna Life Insurance Company Limited will be held at Bangladesh Institute of Adminstration and Management (BIAM) Auditorium, 63, New Eskaton, Dhaka on Wednesday 12th August, 2009 at 10.00 a.m. to transact the following businesses: 1. To confirm the proceedings of the 12th Annual General Meeting of the company held on 28th August, 2008. 2. To receive, consider and adopt the Revenue Accounts of the Company for the year ended 31st December,2008 and the Balance Sheet as at that date together with the Reports of the Directors and the Auditors thereon. 3. Declaration of dividend for the year ended 31st December, 2008 as recommended by the Board of Directors. 4. Election of Directors as per Articles of Association of the Company. 5. Appointment of Auditors for the year 2009 and fix their remuneration. 6.To transact any other business with the permission of the Chair. By order of the Board of Directors Sd/-

Dated : 08.06.2009

(Mian Mohd. Mashinur Rahman Company Secretary Notes: 1.July 09,2009 is scheduled as Record Date, Shareholders whose name will appear on the Register of Members on the Record Date will be eligible to attend the meeting and quality for dividend. 2.The Board of Directors` recommend for declaration of total @ 35% in the form of stock dividend (bonus share)@ 30% (30:100) and cash dividend @ 5% i.e.TK. 5/- per share of TK. 100 each to the shareholders for the year ended 31st December, 2008 for subsequent approval in the 13th AGM. 3.A member entitled to attend and vote at the 13th Annual General Meeting is entitled to appoint a proxy to attend the meeting and vote on his/her behalf. The proxy form duly completed, must be affixed with a revenue stamp of TK.10/- and deposited at the registered office of the company not later than 18 hours before the time of holding the meeting. 4.The Registration Counter shall remain open from 8.30 a.m. to 10.00 a.m.

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Price Sensitive Information

This is for information of all concerned that Meghna Life Insurance Company Limited has taken a decision in its 75th Board Meeting held on 01.06.2009 to appoint M/s. Architects Forum & Engineers as Consultant to construct 17 storied (2 basement + 15 storey) building namely MEGHNA KARNAPHULI BIMA BHABAN in its own land situated at 11, Toyenbee Circular Road, Motijheel C/A, Dhaka. An agreement in this regard has been signed between Meghna Life Insurance Company Limited and M/s. Architects Forum & Engineers. Sd/Dated : 01June 2009 (Mian Mohd. Mashinur Rahman Company Secretary

Price Sensitive Information

This is for information of all concerned that the Board of Directors of Meghna Life Insurance Company Limited in its meeting held on 29th June, 2008 at 3.00 p.m. has taken the following price sensitive decisions: : The Board of Directors recommended Stock 1 Recommended dividend of the year 2007 dividend (bonus share) @ 25% (25:100) to the shareholders for the year ended 31st December, 2007 for subsequent approval in the 12th AGM. : The Board of Directors decided to Increase 2 Increase Authorized Capital Authorized Capital to 30 (thirty) Crore BDT from the existing 10 (Ten) Crore subject to approval of EGM. : The Board of Directors has also taken a decision to 3 Construction Building start the construction work of 15 storied commercial building on the land owned by the company situated at 11, Toyenbee Circular Road, Motijheel C?A, Dhaka-1000. : Thursday 28th August, 2008 at 11.00 A.M 4 Date & Time of 12th AGM : Thursday 28th August, 2008 at 10.30 A.M 5 Date & Time of 1st EGM : Bangladesh Institute to Administration and 6 Venue of AGM &EGM Management (BIAM) Auditorium, 63, New Eskaton, Dhaka. : 3rd August, 2008 7 Record Date of AGM & EGM By order of the Board of Directors Dated : 29.06.2008 Sd/(Mian Mohd. Mashiur Rahman) Company Secretary

Price Sensitive Information

The is for information of all concerned that the board of Directors of Meghna Life Insurance Company Limited in its meeting held on 28th June, 2007 at 3.00 P.M. took the following resolutions for approval of the 11th Annual General Meeting. : 12% Cash Dividend 1 Proposed/Recommended dividend of the year 2006 : Thursday 23rd August, 2007 at 10.30 A. M. 2 Date & Time of 11th AGM : Bangladesh Institute of Administration and 3 Venue

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Management (BIAM) Auditorium, 63, New Eskaton, Dhaka. : 01st August, 2007. 4 Record date The Shareholders whose name appear in the register of members up to record date will be eligible to attend the meeting and entitled to dividend. By order of the Board of Directors Sd/Dated : 28.06.2007 (M.A. Majid FCA) Director Finance & Admin & Company Secretary

Price Sensitive Information

This is for information of all concerned that the Board of Directors of Meghna Life Insurance Company Limited in its meeting held on 13th July, 2006 at 3.00 p.m. took the following resolutions for approval of the 10th Annual General Meeting: Proposed/Recommended dividend for : 10% Cash Dividend 1 the year 2005 2 Date & Time of 10th AGM : Wednesday 20th September,2006 at 10.30A.M Venue : Bangladesh Institute of Administration and 3 Management (BIAM) Auditorium, 63, New Eskaton, Dhaka. rd 4 Record date : 3 September, 2006. The Shareholders whose name appear in the register of members up to record date will be eligible to attend the meeting and entitled to dividend. By order of the Board of Directors Sd/Dated: 13.07.2006 (M.A. Majid- FCA) Adviser-A. A & F & Company Secretary

Business Performances
2010 2009 2008 2007 2006 2005 2004

Ordinary Life New Business

Number of Policies Sum Assured (In Crore Taka) 1st Year Premium (In Crore Taka) 60,291 565.82 46.12 52,102 460.76 38.13 43,579 364.84 30.13 44.620 328.77 27.71 44,599 292,93 24.76 42,745 264.98 22.05 32,210 192.39 16.89

Business In Force
Number of Policies Sum Assured (In Crore Taka) 2,49,236 1446.79 2,14,730 1491.79 1,83,714 929.68 170,151 1,46,484 862.76 729.96 1,22,342 601.43 75,305 430.52

Loko Bima New Business

14

Number of Policies Sum Assured (In Crore Taka) 1st Year Premium (In Crore Taka)

1,50,895 50,196 33.94

1,24,818 364.42 27.23

1,71,993 400.34 26.64

1,53,368 1,49,441 289.17 20.27 260.00 18.58

1,50,452 1,09,502 237.98 15.72 164.98 10.13

Business In Force
Number of Policies Sum Assured (In Crore Taka) 5,95,363 1047.98 5,09,070 1042.23 4,23,148 594.12 3,09,213 2,52,740 331.63 282.13 2,09,761 244.40 84,885 127.02

Islami Bima New Business

Number of Policies Sum Assured (In Crore Taka) 1st Year Premium (In Crore Taka) 24,855 205.38 17.12 21,653 175.41 14.96 20,640 157.63 13.42 19.128 138.28 11.91 18,589 120.46 10.49 17,024 93.98 7.79 9059 57.46 5.27

Business In Force
Number of Policies Sum Assured (In Crore Taka) 86,023 506.42 69,898 495.05 56,845 323.82 45.173 265.03 25,586 205.92 26.431 147.31 14.018 87.80

Islami Khudra Bima New Business

Number of Policies Sum Assured (In Crore Taka) 1st Year Premium (In Crore Taka) 31,666 105.42 7.82 28,578 79.86 6.73 38,172 84.66 6.71 33.240 65.82 4.98 36.645 65.94 4.43 30,281 22,475 54.69 3.61 39.30 2.01

Business In Force
Number of Policies Sum Assured (In Crore Taka) 99,910 182.74 80,236 181.73 63,177 103.61 42.118 63.04 30.580 49.42 17,483 12,478 32.43 23.23

Group New Business

Number of Policies Sum Assured (In Crore Taka) Annual Premium (In Crore Taka) No. of Lives Insured 22 166.84 1.22 8020 16 16 55.73 7530 5 19.93 .010 1984 4 1.91 .015 274 4 .35 .029 124 -----------------

Business In Force
Number of Policies Sum Assured (In Crore Taka) No. of Lives Insured 22 147.06 13,986 16 16 7530 11 70.12 7.149 8 49.02 2,997 7 6.45 2,475 4 30.11 2,187 4 15.50 2,013

Swanivar Bima New Business

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Number of Policies Sum Assured (In Crore Taka) 1st Year Premium (In Crore Taka)

8,927 68.64 6.08

4,699 35.91 2.91

2.291 6.75 1.41

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-------

-------

-------

Business In Force
Number of Policies Sum Assured (In Crore Taka) 11,154 84.60 5,121 39.49 2,291 6.75 ------------------

Publication and Library Facilities

Meghna Life Insurance Company Ltd. took initiative to bring out a publication titled Meghna Life since its inception. At the outset it was a half yearly publication comprising the news and views of the company. From 2000 it is being published yearly. But from Oct., 2004, this publication with the same title Meghna Life is being published as a monthly bulletin with a new look and new vision. This Bulletin has aroused much enthusiasm and Zeal amongst the officials specially working in the field. Its a special publication of its kind which demonstrates Business performances for every month. This is reserved for the officials of Meghna Life only. Other than these, special publications are also brought out in the wake of any seminar, symposium, meetings etc. Meghna Life has brought out the following publications in BengaliMode of Publication Half Yearly Yearly Monthly Yearly Yearly No. of Issues 10 2 5 3 8 Remarks Published 1997-2004 2003-2004 Oct. 04-March, 05 2000-2003 Since 1997

Title Meghna Life Islami Bima (Takaful) Meghna Life (News Bulletin) Loko Bima Annual Report

Besides Meghna Life also publishes leaflets, Booklets, special issues of different projects detailing different plans and other relevant information. Library Facilities: Meghna Life has a mini Library. There are some books on different subjects of Insurance such as Life Insurance, General Insurance, Salesmanship, Insurance law, Re-Insurance, Management and other rare books in the Library. The officials of Meghna Life Insurance Company have the opportunity to collect books from Library for reading.

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Dividend Warrant Distribution of Fractional Dividend Warrant : 2007

The honorable Shareholders of Meghna Life Insurance Company Ltd. are requested to please collect their Fractional Dividend Warrants during office hours for the year 2007 as per following schedule: Dividend Warrant(s) may be collected October 21, 2008 (Tuesday) to October 27, 2008 (Monday) : : Category of Shareholder All BO holders

Fractional Dividend Warrants shall be kept with the Share Department of the Company till October 27, 2008 for convenience of collection by the Shareholders or Authorised Representatives. Thereafter, Warrants shall be dispatched to Shareholders at the addresses recorded with the Company through courier service at their own risk and responsibility. for Meghna Life Insurance Co. Ltd. Dated, Dhaka October 19, 2008 Sd/Mian Mohd. Mashiur Rahman Company Secretary

Claims
Settlement of Claims Claim Under Policies (Including provision for claims due or intimated) less Re-Insurance by Death/Survival: Tk. 807,962,390
Particulars By Death By Survival By Surrender Bonus in Cash Claim by Maturity Ordinary Life 12,465,330 336,841,074 2,549,959 51,060,873 70,369,182 Loko Bima 10,046,277 22,905.350 5,708 29,404,748 139,245,892 Islami Bima 5,070,181 122,396,100 457,444 385,721 Islami Khudra 2,109,013 53,024 Swanirvor Bima Group 276,800 665 2,319,049 Total 32,286,650 482,142,524 3,013,111 80,905,031 209,615,074

Total 2010 Total 2009

473,286,418 377,048,458

201,607,975 109,265,913

128,309,446 94,778,490

2,162,037 215,155

277,465 103,500

2,319,049 -

807,962,390 581,411,516

During the year 2010 the company has settled and adjusted Tk. 759,682,874 including last years outstanding claims worth Tk. 271,691,732 as death claim, maturity claim and survival benefit. The amount of Tk. 328,373,641 was outstanding as on December 31, 2010. Out of outstanding amount, the company has settled Tk. 246,734,809 as of the date of audit.

End

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