CLAIMS REGISTRATION

Phoenix Insurance Company Ltd. believes that prompt settlement of claims is a vital strategy for making confidence in their clients as well as to achieve a significant growth of business. Bearing this strategy in mind PIC has given priority to provide quick services to the clients in the event of loss of their properties due to accident, Fire, Natural Calamities and some other unforeseen events under the scope of Insurance Policy. PIC always tries to settle the Insurance Claim within the shortest possible time with entire satisfaction of their clients. 

PIC arranges quick inspection of the loss by the highly professional surveyor through receiving claim intimation over telephone. In some cases official staff/executives also attend the place of occurrence to ensure the Company’s commitment to clients.

In case of Major losses PIC also tries to make advance payment before approval of a claim to enable the Insured to resume their business operation immediately after a loss. In the course of journey since 1987 PIC has settled huge amount of claims to their clients with great pleasure.

 

PIC’s Last 5 (five) Year’s (2006-2010) Claim Settlement Position:

Year Paid Amount (Tk)
2006

4,24,42,956/-

2007

3,76,40,447/-

2008

11,15,93,577/-

2009

5,04,76,960/-

2010

7,71,41,036/-

 

PIC’s Last 5 (five) Year’s (2006-2010) Claim Settlement Position to Some Valued Corporate Clients:

Client’s Name Paid Amount (Tk)

M/s. Abul Khair Group

6,56,50,953/-

M/s. Renata Ltd.

1,72,29,215/-

M/s. Mohammed Elias Brothers (Pvt.) Ltd.

8,37,53,494/-

 

PIC has settled many individual big claims during the past years. Although those were not widely circulated but regarded as PIC’s sincere efforts to provide financial support in case of even big losses.

PIC’s Some Individual Big Claims Settlement during the Past Years:

Client’s Name Type of loss Paid Amount (Tk)

M/s. Chunji Knit

Fire loss

6,90,00,893/-

M/s. Danish Condensed Milk

Flood loss

3,29,48,100/-

M/s. Naheed Composite

Fire loss

2,12,20,264/-

M/s. Siam’s Superior

Fire loss

5,55,00,000/-

M/s. Mohammed Elias Brothers (Pvt.) Ltd.

Marine Cargo (GA)

5,80,17,249/-

M/s. Abul Khair Tobacco

Fire loss

1,47,49,455/-

M/s. Mohammed Elias Brothers (Pvt.) Ltd.

Fire loss

1,78,80,680/-

M/s. Sadat Jute Ind. Ltd.

Fire

1,71,28,140/-