Table-11: Net Profit Margin Year 2014 2013 2012 Net Profit 36154795025 33061109736 29366780578 Sales 37690241423 35414665656 31585092463 Net Profit Margin 98. In case you used any of those methods and you are still getting this warning, you most likely misspelled the timezone identifier. Bangladesh declared independence from the Pakistani rules on March 26, 1971 following which she had to witness a bloody liberation struggle with the occupation forces lasting for 9 months before they were defeated. Table-8: Debt to Equity Ratio Year 2014 2013 2012 Total Debt 36443796378 29897760084 27671287791 Total Equity 1238500000 991000000 46000000 Debt to Equity Ratio 29. Basically, the major problems and facilities are similar for all insurance company as they are dealing with services. Investment and other income were Taka. An inter firm comparison indicates relative position.
Total process showed in a table. All financial information presented in Taka has been rounded off to the nearest Taka. The Company is a publicly traded Company and its shares are listed on the Dhaka Stock Exchange and Chittagong Stock Exchange. The ratios will be compared of both the company within the industry to see where the company stands. Table- 14: Total Asset Turnover Year 2014 2013 2012 Total Sales 37690241423 35414665656 31585092463 Total Assets 37682296378 30888760084 27717287791 Total Asset Turnover 1 1.
In the present financial-social perspective of Bangladesh as well, Health Insurance has now become an essential, dependable, acceptable and the most cost effective means to make the modern treatment facilities affordable to all socio-economic classes of people, especially the fixed income group. Total income of the company was Taka. This ratio is not meaningful, however, if the firm has very little or negative earnings. The Board of Director has seven members, who are well known business personalities of the Country. It also makes it easy to see relative annual changes in one business. We are now at 32.
Total working history is described with department wise. An underwriter should have experience, sense and sincerity. I will discuss two of these methods: horizontal analysis and vertical analysis. The trend of these ratios over time is studied to check whether they are improving or deteriorating. After the collecting and analyzing of data I have got some findings. A leading third generation company in the insurance sector, Fareast Islami Life Insurance Company Limited started its journey on May 29, 2000. Current assets are important to businesses because they are the assets that are used to fund day-to-day operations and pay ongoing expenses.
. Yet another dimension of usefulness or ratio analysis, relevant from the View point of management is that it throws light on the degree efficiency in the various activity ratios measures this kind of operational efficiency. Cash Dividend at the rate of 11% for each share of Tk. Here Delta life insurance Company limited could improve its marketing strategy for customer satisfaction. Its premium, assets, claims meeting, utilization of income is getting better in last three years. They also distributes the salary of the employee.
There is one group policy document for the policyholders of each Thana or Block. Some of the popular plans are briefly described below. The analytical portion of this report is the outcome of numerous numerical data collected mainly from the external secondary source. Age Proof: Age of life assured as declared while applying for the policy has to be authenticated with an age proof document acceptable to the company. Return on assets increased in 2013 and it was maximum in year 2013. The plan provides for double the sum assured at premature death due to illness or treble the sum assured if death occurs directly as the result of an accident along with accrued bonuses till death or maturity as the case may be.
This section of the discusses the different measures of corporate profitability and financial performance. Earnings per share are calculated by dividing net income by the number of shares outstanding. By looking at the trend of a particular ratio, one sees whether the ratio is falling, rising, or remaining relatively constant. At the expiry of the minimum term, the policy may be surrendered for full refund of premiums paid. This is a straightforward coverage allowing a person to plan his future needs for security and projected savings through means of insurance.
I also made an effort to present some Suggestions for the better interest of the company. Besides this plan, new plans like three-payment plan with 12 and 15 years term and double protection endowment plan have recently been introduced. Ahsanullah University of Science and Technology and Delta Life Insurance Company Ltd. Our Core Values The core values for Delta Life Insurance and Delta Fire and Casualty Insurance Companies include high ethics, moral rightness and a personal relationship where our word is our bond. The Company investment and other income amounted to Taka. Asset turnover measures a firm's efficiency at using its assets in generating sales or revenue - the higher the number the better.
I would also like to thank my internship supervisor Mr. These ratios, much like the operational performance ratios, give users a good understanding of how well the company utilized its resources in generating profit and shareholder value. By the way of examining and evaluation the functions and performance of Delta Life Insurance Co. Source: Annual Report of Delta Life Insurance Company Ltd. Premiums are based on the age of the proposer. Ltd, I tried to illustrate a true scenario of insurance industry of Bangladesh.