EIC settles Westmont Power’s claim

Eastland Insurance Co. Ltd (EIC) settled a claim for Tk.20,41,95,308/- (Taka Twenty Crore Forty One Lac Ninety Five Thousand Three Hundred Eight) only of M/s. Westmont Power (Bangladesh) Ltd., a Subsidiary Power Plant of United Group under Power Plant Operational Insurance Policy.

Mr. Arun Kumar Saha, Managing Director of Eastland Insurance handed over the claim cheque to Mr. Hasan Mahmood Raja, Chairman of United Group at United Center on July 15, 2014. Mr. Abdul Hamid FCA, Dy. Managing Director & CFO and Mr. M. Golam Hafez, Sr. Asstt. Managing Director & Head of Claims Deptt. of Eastland Insurance alongwith Mr. Ebadat Hossain Bhuiyan, Group Financial Controller & Company Secretary of United Group were also present on this occasion.

Eastland also paid Westmont Power’s another claim amounting over Tk. 2 (Two) crore for damages to the same Plant located at Baghabari, Sirajgonj in the last year.

It is pertinent to mention that Eastland, a first generation Insurance Company, settled claims amounting to TK. 1497. 49 million since its inception and in the current year up to June 2014, it has settled claims numbering 128 for Tk. 231.00 million.