Fareast Islami Life Insurance Company Limited Overview & Contact Number

Fareast Islami Life Insurance Company Limited is one of the leading life insurance companies in Bangladesh. It was established in 2000 as a joint venture between the Fareast Insurance Company Limited and Islami Insurance Bangladesh Limited. The company has been providing life insurance services for more than two decades and has become a trusted brand in the industry.

Fareast Islami Life Insurance Company Limited offers a wide range of life insurance products to meet the diverse needs of its customers. The company’s product portfolio includes term life insurance, endowment insurance, whole life insurance, and group life insurance. The company also offers health insurance, which provides coverage for medical expenses, critical illness, and disability.

The company’s primary focus is on providing its customers with the best possible service. The company’s customer service team is available to assist customers with any questions or concerns they may have. The company has also implemented various initiatives to make it easier for customers to purchase and manage their policies. For example, the company has introduced online payment and policy management facilities, which allow customers to make payments and manage their policies from the comfort of their homes. Fareast Islami Life Insurance Company Limited is committed to ensuring that its customers receive timely and efficient claim settlement services. The company’s claim settlement process is simple and hassle-free. The company has also implemented various measures to ensure that the claim settlement process is transparent and fair. For example, the company has a dedicated claims department that handles all claims, and the department follows a set of strict guidelines to ensure that claims are settled fairly and promptly.

Basically, opening an account with Fareast Islami Life Insurance Company Limited is a simple and straightforward process. Here are the steps to follow:

1. Visit the Fareast Islami Life Insurance Company Limited website: You can access the company’s website at www.fareastislamilife.com. On the homepage, you will find a link to “Open an Account” or “Get a Quote.”
2. Fill out the online application form: Once you click on the “Open an Account” or “Get a Quote” link, you will be directed to an online application form. Fill out the form with the necessary details, including your personal information and the type of insurance policy you are interested in.
3. Submit the form: After you have filled out the application form, review the information you have provided and make sure everything is accurate. Then, click on the “Submit” button to send your application to Fareast Islami Life Insurance Company Limited.
4. Wait for confirmation: After submitting your application, you will receive a confirmation email or call from a representative of Fareast Islami Life Insurance Company Limited. The representative will provide you with more information about the policy you have applied for and guide you through the process of completing the application.
5. Provide necessary documents: Once you have received confirmation of your application, you will need to provide some necessary documents, such as your national ID card, passport, or driving license, to complete the application process. The company may also require additional documents, depending on the type of policy you have applied for.
6. Make payment: After you have submitted all the required documents, you will be asked to make payment for the policy. You can pay using different payment options, such as online payment or bank transfer.
7. Receive your policy: After the payment has been processed, Fareast Islami Life Insurance Company Limited will issue your policy, which will be sent to your registered email address or postal address.

In fact, opening an account with Fareast Islami Life Insurance Company Limited is a simple process that can be completed online. By following the above steps, you can apply for a policy that suits your needs and receive the necessary guidance and support from the company’s representatives throughout the application process.

Moreover, the company also focuses on corporate social responsibility (CSR) initiatives. The company’s CSR initiatives are aimed at improving the lives of the people in the communities it serves. The company’s CSR initiatives include providing financial assistance to underprivileged children for their education, supporting healthcare programs, and contributing to environmental conservation.

Fareast Islami Life Insurance Company Limited has had a significant impact on the Bangladeshi economy since its establishment in 2000. Here are some of the ways in which the company has contributed to the country’s economic growth:

1. Employment generation: Fareast Islami Life Insurance Company Limited has created job opportunities for many people in Bangladesh. The company employs a large number of professionals, including agents, customer service representatives, underwriters, and claims processors. Additionally, the company’s operations have created indirect employment opportunities for people working in support industries such as printing and advertising.
2. Contribution to government revenue: As a registered insurance company, Fareast Islami Life Insurance Company Limited pays taxes and fees to the government. This contribution helps the government to generate revenue and fund various development projects in the country.
3. Financial inclusion: Fareast Islami Life Insurance Company Limited’s presence in rural areas has helped to increase financial inclusion in the country. The company has provided access to insurance services to people who were previously excluded from the formal financial system. This has helped to promote financial literacy and encourage savings, which can ultimately lead to increased economic growth.
4. Investment in the economy: Fareast Islami Life Insurance Company Limited invests in various sectors of the Bangladeshi economy. The company’s investments in stocks, bonds, and other financial instruments provide capital to businesses and help to stimulate economic activity.
5. Risk management: By providing life and health insurance services, Fareast Islami Life Insurance Company Limited helps to manage risk for individuals and businesses in Bangladesh. Insurance coverage can help individuals and businesses to manage risks and avoid financial losses, which ultimately contributes to the stability of the economy.

Matter of fact, Fareast Islami Life Insurance Company Limited has had a significant impact on the Bangladeshi economy. Through its various activities, the company has contributed to job creation, financial inclusion, investment in the economy, risk management, and government revenue generation.

In conclusion, Fareast Islami Life Insurance Company Limited is a trusted brand in the life insurance industry in Bangladesh. The company’s commitment to providing its customers with the best possible service and its focus on CSR initiatives have contributed to its success. The company’s product portfolio, customer service, and claim settlement processes are all designed to ensure that its customers receive the best possible experience.