A Report on the Background of Delta life insurance:
Organizational Profile
Background of Delta life insurance:
Delta Life Insurance Co. Ltd. established mainly through the initiative of a group of Bangladeshi professionals then working abroad along with a few enthusiastic local entrepreneurs, started its operation in December, 1986 after the Government of Bangladesh allowed the private sector to operate in the insurance sector in 1984 to carry on the business of insurance in the Private Sector.
A brief explanation as to the growth of life insurance business in Bangladesh is in order here. 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. Insurance business which was exclusively carried on in private sector before independence was nationalized after liberation in 1972 primarily to address the emerging situation of eroding public confidence in the industry that was left staggeringly short of resources in the face of huge losses caused by the war of liberation. After a series of experimentation, a state-owned body, namely Jiban Bima Corporation (JBC), established in May, 1973 for transacting the life insurance business, took over the assets and liabilities under life portfolios of all erstwhile private insurance companies and started business in its own name.
However, things did not improve; rather, in many respects became more exacerbating and the Government then thought it better to allow private sector participation in insurance business. Since inception, Delta Life set before itself a high standard of all round performance coextensive with professional soundness and proficiency. It soon made a mark in the life insurance arena by not only being the leader 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 group insurance products – many of which were the first in Bangladesh.
For the first time, health insurance products were also introduced by Delta Life. But more importantly, in fulfillment of the avowed commitment towards social development, Delta Life for the first time not only in Bangladesh but probably in the World, devised and introduced micro-life insurance-cum-savings products specially suited to the needs and pockets of poor people of the country who constitute more than 80% of the people of Bangladesh.
Two projects of the company namely Grameen Bima for the rural people and Gono Bima for the poor and marginal savers of the urban areas were initiated to devote themselves exclusively to marketing and management of these innovative products. We are happy to report that we have achieved a good measure of success although there is a long way to go. These schemes that we have introduced have created great stir and enthusiasm among the general mass who, before these projects started functioning, could not even dream of owning a policy that provides the much needed life insurance coverage along with facility of regular savings on a long-term basis. At a later stage i.e. in the year 2002, the projects were merged into a division of Delta Life, namely, Gono-Grameen Bima Division. The GNGRB Division has been growing at a first rate of more than 25% p.a. for the last couple of the years and is poised to maintain this growth rate at least in the next five years or so.
Delta Life can take pride in moulding the saving habits of the lower and middle class people and transforming them into prospective policyholders. The potential is now so strongly perceived that all life insurance companies – old and new alike – operating in the country have started own micro insurance products.
Background of the Delta Life Insurance Company Limited
At a glance
Facts and figures about Delta Life Insurance Company Ltd.
Year of establishment of the company : 1986
Founder Chairman and Managing Director : Late Shafat Ahmed Chowdhury
Present Chairman : Mr. Syed Moazzem Hussain
Present Managing Director : Mr. Das Deba Prashad
Present Deputy Managing Director : Mr. A B M Saiful Haque
First Policy Issued : December 17, 1986
Introduction of Grameen Bima : December 1988
Introduction of Gono Bima : October 08, 1993
Delta BRAC Housing : September 08, 1996
Delta Care Hospitalization Plan (Group) : October 19, 1996
Introduction of Health Insurance : December 04, 1999
Merging of Gono and Grameen Bima : January 04, 2003
Establishment of Delta Insurance Institute : March 07, 2006
Delta Life’s Present Workforce*:
Head office and ordinary life = 1200
Gono-Grameen Bima = 2121
Development = 21679
Total = 25000
Division of Delta Life Insurance Co. Ltd.
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Ordinary Life Insurance:
Delta 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 with built in provision for 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. Some of the popular plans are briefly described below.
Gono-Grameen Bima:
Delta Life first launched Micro-insurance product in 1988 through its Grameen Bima Project (GRB) to cater to the necessity of economic protection against premature death and of disability as well as providing a way for regular savings for the poor and low income group of people living in villages. Later it started another project in 1994, namely, Gono Bima (GNB) for the urban poor and the low income class. These projects are now merged under the name of Gono-Grameen Bima Project (GN-GRB).
Group Life Insurance
Group Insurance is an instrument for providing life insurance coverage (protection) to a number of individuals under a single contract (policy) who are associated together for a common interest other than insurance. It is the most cost effective means to provide immediate financial support to an insured member and/or his family in case of devastating events like-death, disability, disease as well as retirement. Group Insurance has already established its importance as a component of “Employee Benefit Package” in Bangladesh
Health Insurance
Health Insurance is now considered indispensable in developed countries. In the present finance 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.
As pioneer of Health Insurance in Bangladesh, Delta Life Insurance Company offers several Health Insurance schemes, which are as follows:
Goal of Delta Life Insurance Company Ltd:
o Provide financial security to our customers with insurance policies that are most suitable for them.
o Make life insurance an easy saving instrument &A profitable one with attractive bonus& improved customer service.
o Collects small saving from the people of our country &invest the accumulated saving in profitable nation building enterprises.
Vision of SIBL:
o We will be the premier life insurance company in Bangladesh.
o We will serve our customers with respect will provide the best solution for their needs.
o We will be a company with qualified professionals who work together as a team& serve with dignity &the highest level of integrity. We believe in excellence &will continuously improve our customer service & will obtain the loyalty customers with service beyond their expectation.
o Adding value will be the operative words of our organization.
Values-Truest
o Team work
o Respect for all People
o Unquestionable integrity
o Excellence in every thing we do
o Speed in servicing
o Truthfu
Structure and Function of the Organization
· Management Hierarchy
· Sponsors and Director
Management Hierarchy:
Board of Directors:
Chairman Managing Director
Mr.Monzurur Rahman Mr. Das Deba Prashad
Directors
Dr. Syed Mukarram Ali
Dr.Muhammad Raushan Ali
Mr.Mohd. Syedul Islam
Mr. Nurul Huda
Mrs. Fahmi R Naser
Mrs. Farida R. Ahmed
Mrs. Farida Mostafa
Dr. Nasiruddgn Ahmed
Dr. Sadiqur Rahman Malik
Mr. Mahmud Hasan
Mr. Habibur Rahman Khan
Mr. Borhanuddin Ahmed
Mr. Arif Ahmed
Mr. Md. Nurul Islam
Mr. Kazi Fazlur Rahman
Mr. Golam Sarwar
Ms.Adeeba Rahman
Mrs. Syeda Soyeli Ahmed
Mr. Syed Moazzem Hussain
Ms. Anika Rahman
Ms. Saika Rahman
Mr. Aziz Ahmed
Mr. Abdul Wahab
Dr. Kazi Aynul Hoque
Mr. Zeyad Rahman
Mr. Kazi Imran F. Rahman
Mr. Kazi Taufick F. Rahman
Mr. Md. Wahiduddin
Mr. S. M. Kamrul Haque
Mr. Abdul Quayum Khan
Mr. Syed Abu Saleh Md. Faisal
Mr. Kiron Moy Datta
Mr. M. Jashimuddin Chowdhury
Mr. Anwar Quayyaim
Mr. Md. Joynal Abedin
Overall Activities of Delta Life Insurance Company Ltd
We Know that Delta Life Insurance Company has three division. Now, We discus Product of every division.
Ordinary Life Insurance: Delta 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 with built in provision for 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. Some of the popular plans are briefly described below.
I. Endowment plan with and without profits (Tables-01 & 41*) the most common and widely popular, this plan provides for a fixed sum at end of a particular term or at earlier death of the assured. The plan is available under both options i.e. with profit (Table-01) and without profit (Table-41). This is a straightforward coverage allowing a person to plan his future needs for security and projected savings through means of insurance eds. for security and projected savings through means of insurance.
II. One-two-three endowment plan with profits (Table-02) provides for high security at earlier death of the assured before expiry of term (10 & 20 years) or the sum assured at expiry of the term. 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.
III. Installment payment plans with or without profit:
a) Three payments plan (Tables-03, 43*) Given for terms like 12, 15, 18, 21 years with or without profits this plan provides for one fourth of the sum assured upon expiry of each one third of the term and on death at anytime within the term the full sum assured – payment of one or all the installments notwithstanding. In case of survival to the end of the term remaining portion of the sum assured along with profits is paid after deducting the installments already paid.
b) Bi-annual payment plan (Tables-04 & 44*) – is given for 10, 15 & 20 years’ term and provides for payment of a portion of sum assured bi-annually after expiry of the 4th year of the policy, if the policyholder is then living.
IV. Premium back term Insurance plan without profits (Plan Nos: Tables – 57A, 59A & 65A): These are comparatively low cost plans. These plans provide for payment of sum assured in case of premature death within the term or refund of all premiums paid at end of term (Table-57A). Under Table-59(A), sum assured keeps on increasing at 8% p.a. on each successive policy anniversary and such increased sum is paid at death during the term. On survival up to the end of term, all premium paid during the term is paid. Under Table-65(A) a guaranteed profit equal to 10% of sum assured is paid along with full premium at end of term as survival benefit. On death before maturity, the sum assured is payable.
V. Pension Plan (Table-72A, 72D) without profits. Under plan (Table-72A) pensions are provided at quarterly intervals from an age designated by the policyholder for life, guaranteed for a minimum period of 10 years i.e. if the pensioner dies anytime within 10 years his designated nominee will get pension for remaining term of 10 years. Before pension starts, if the assured policyholder dies, 10 times the annual pension is paid as a lump-sum to his nominee and the policy is terminated upon such payment. There is another plan (Table-72D) that while providing for full protection against premature death as described above, provides for pension from a designated age as elected by the policyholder at an increasing rate i.e. pension will increase @10% at intervals of two years. Payment of pension is guaranteed for at least ten years and thereafter as long as the pensioner lives.
Both these pension plans provide for waiver of premium in case of permanent and total disability due to accident before commencement of pension.
VI. Child Educational Protection Plan (Table No. 06, 11, 75A) with profits: Multiple benefits in the form of scholarship, monthly annuity etc. in addition to sum assured is available under these plans. Under one plan (Table-11) sum assured or a part thereof is also payable to the policyholder in case the child dies prematurely.
VII. Tri-dimensional Policy (Table No. 07): Built-in benefits for payment of 50% sum assured immediately if critical illness is diagnosed. Premium and the sum assured will thereafter be halved and the policy continues. Under this plan, a spouse may also be covered for major disease benefits.
VIII. Moving Term Plan (Table No. 67): Policies under the plan are initially issued and is to be taken for a minimum term (6 to 10 years) as elected by policy holder. Any time within this minimum term if death occurs, full sum assured is payable. At the expiry of the minimum term, the policy may be surrendered for full refund of premiums paid. However, the policyholder need not terminate his policy at end of the minimum specified period. The policy will automatically continue till age 65 years of the policyholder unless he terminates it earlier. The survival benefit comprises of refund of all premiums paid along with bonuses. In case of premature death the nominee(s) is paid the sum assured plus all premiums paid till death, or all premiums paid with profit accrued till death whichever is greater.
IX. Single Premium Multiple Security Plan (Table No. 14): It is a single Premium Policy offering multiple security for five years term. It covers natural death, permanent and partial/total disability and seven major diseases. Premiums are based on the age of the proposer. This plan perfectly suits the needs of the executive class.
Policy Conditions
Surrender Value:
After payment of two full years’ premium, the policy acquires cash surrender value which is quoted on request unless stated in the policy itself.
Loan:
At anytime after a cash surrender value is available under the policy and while the policy is in force, the policyholder may obtain, subject to the company’s existing rules, a loan on the policy up to 90% of the cash surrender value.
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. The company reserves the right to require proof of age of the life assured before paying any claim under the policy if not admitted earlier.
Settlement Option:
Payee may elect to receive the proceeds of the policy in installments instead of in a single sum, in such a manner as may be agreed upon with the company.
Suicide:
Should the life assured commit suicide, whether the assured be then sane or insane, within two years from the commencement date or from reinstatement of the policy, then the liability of the company shall be limited to the refund of all premiums paid under the policy less indebtedness, if any, at the time of such death.
Bonus: DLIC pays attractive bonuses to its with-profit policies. The present rate of policy bonuses are as following:
a) A compound reversionary bonus @ 5% of paid up sum assured. This bonus is not paid on the installments withdrawn (under Table-03, 04) from the date of such withdrawal.
b) A simple reversionary bonus ranging from Tk. 10 to Tk. 15 per thousand sum assured per year depending on term.
c) A terminal bonus equal to 10% to 12% of sum assured at maturity of policy depending on terms if the policy would have been in force for at least 2/3rd of its term.
Average Rate of Bonus
On the basis of the three types of bonuses the Company now pays to its with profit policies, the average bonus earned by a Tk. 1,00,000 sum assured endowment policy (except Table No. 03, 04) per thousand sum assured per year shall be as following:
| Term of Policy | Total bonus at maturity | Average rate per thousand per S.A. year |
| 10 years | Tk. 52,000 | Tk. 52 |
| 15 years | Tk. 81,000 | Tk. 54 |
| 20 years | Tk. 1,15,000 | Tk. 58 |
A Movement For Socio-Economic Security Gono-Grameen Bima A Non-Profit Initiative Of Delta Life Insurance Co. Ltd.
Delta Life first launched Micro-insurance product in 1988 through its Grameen Bima Project (GRB) to cater to the necessity of economic protection against premature death and of disability as well as providing a way for regular savings for the poor and low income group of people living in villages. Later it started another project in 1994, namely, Gono Bima (GNB) for the urban poor and the low income class. These projects are now merged under the name of Gono-Grameen Bima Project (GN-GRB). The initial problems apart, the project started to yield impressive results right from the beginning by creating great interest among the target population who could not even perceive an institutional arrangement through which the ever present problems of insecurity of life could be addressed. To suit the needs and pockets of the target people, and for efficient management of these portfolios, some of the age-old traditional concepts of carrying on life insurance business had to be diluted and in some cases replaced by simple and straightforward practices. Yet, the results are so encouraging that Delta Life is now regarded far and wide as the undisputed leader espousing the cause of welfare of teeming millions and its experiences are now used to advantage not only by indigenous companies but also other micro-savings organizations abroad.
Target group and the product
In GNB/GRB the formalities are minimum. Insurance cover is given under Group Insurance concept. A person interested in a policy submits a simple two- page proposal form; it is signed or thumb-imprinted by him/her. There is no need for medical check-up. The person needs to be between 18 and 45 years of age, have a monthly income of Taka 5,000/=(US $ 100.00) or less, be of good health and supply a Declaration of Good Health (DGH) at the time of submitting the Proposal form. Death through pregnancy complications within the first year of the policy and death through suicide in the first year of the policy are not covered under an “exclusion clause”. Simple endowment with profit policies are offered for 10 and 15 years term both with premium payment mode being weekly or monthly. Premium rate is the same irrespective of age at entry. Besides this plan new plans like three-payment plan with 12 and 15 years term and double protection endowment plan have recently been introduced.
Upon acceptance of the proposal, a pass book is issued to the policyholder detailing all terms and conditions of the policy. The pass book serves as the purpose of recording of all payments made by him towards the policy. There is one group policy document for the policyholders of each Thana or Block. For individual policyholders the passbook serves as policy document.
Micro Investment (Loan) GN-GRB gives small project loans to its policyholders on a group liability basis. No collateral is required. There is 20% service charge on the loans, which is calculated at a flat rate and added to the principal amount. The loan, together with the service charge, is repayable in 12 equal monthly installments. The repayments are collected from door to door by the organizers. Recently a decision has been taken to establish small collection booths in the villages. A person must be a policyholder and pay premiums for at least one year before being eligible for a loan. The maximum loan given is Taka 5,000/=(US$ 100.00) per policyholder. The loans are for income generating activities (IGA) only. Policyholders form a committee of 5 to 7 members. 3 policyholders selected by the committee are given the first loan. After recovery of 3 installments from each of the first three borrowers, the next 3 are given their loans and so on. As a general rule, 60% of the premium income of an area and 40% of the repaid loan of an area are available for loan in that area. Also 100% of premium collection of a committee is available for loan to that committee.
Group Life Insurance
Group Insurance is an instrument for providing life insurance coverage (protection) to a number of individuals under a single contract (policy) who are associated together for a common interest other than insurance. It is the most cost effective means to provide immediate financial support to an insured member and/or his family in case of devastating events like-death, disability, disease as well as retirement. Group Insurance has already established its importance as a component of “Employee Benefit Package” in Bangladesh
Health Insurance
Health Insurance is now considered indispensable in developed countries. In the present financio-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
As pioneer of Health Insurance in Bangladesh, Delta Life Insurance Company offers several Health Insurance schemes, which are as follows:
Hospitalization (In-patient) treatment coverage plans
o Hospitalization Insurance Plan (Group)– offered to Members of a group and their dependants (if desired)
o Hospitalization Insurance Plan (Individual) – offered to an Individual and/ or his/her dependant family members also known as “Delta Care Hospitalization Plan”
Zone operation center are three divided there activities
1. Operation Department
2. Development Department
3. Control & Compliance.
Now we discuss about operation department:
Operation Department are divided in six part,
1. Collection Section.
2. Accounts Section.
3. Underwriting Section.
4. Establishment Section.
5. I.T Section
6. Servicing.
** Collection Section: At first in this section collect weekly closing & Bank statement, Loan receipt from zoc & manual checking entry into premium register book than send to I.T.
Second function of the collection section they collect proposal form from zoc & send to the U/W section. They also monitoring perceive & distribution & receiving muribooks & provide report to head office.
** Accounts Section: Zone operation center’s accounts section are provide field staff & Zoc field staff & Zoc staff salary& pay all units & Zoc office expenses. They also send fund requisition to center Accounts the maintenance of petty cash book & all books Accounts. They pay all types of claims &preserving record in computer & Maturity & Provide report to the Head office.
**I.T. Section: Main function of I.T Section is entry of PR, M.R & PIS. They prepare monthly salary sheet& hand over to Zoc accounts. They also check all sorts of claims before printing by servicing. They can easily transfer to central server. I.T. Section provides report to the Head office.
**Underwriting Section: It is the most Importance section of insurance policy. In this section receive proposal from the collection section& they issue policy number& stamp denomination. They are also entry policy summery. They are handover P F to servicing for long time preservation. They are maintaining policy register. They also handover pass book to unit office& provide report to the head office.
**Establishment Section: In this section maintain all type fixed assets such as chare, table computer etc. they also maintain office rent register. In this section preserve contract deed ensure office &office security system for Zoc. They prepare office rent bill check & sent to Zoc. In this section share all types of information among units Zoc & Head office.
**Servicing: Servicing section is the most importance section of insurance. They present Maturity; Death & Surrender claim to head office. They also approve survival benefit &prepare executive receipt. Servicing section does all servicing related works & preserves the records. It is also store house. They also prepare report to the head office.
Analysis
Financial Growth Highlights:
Ordinary Life:
Valued policies numbered 2,57,625. 14.05% increase in gross premium to TK.125.45 core in 2004 from TK.110 core in 2003.
Gono-Grameen Bima:
Valued policies numbered 8,71,685. 23.90% increase in gross premium to TK. 76.26 core in 2004 from TK.61.55corein 2003.
Health Insurance:
Total lives insured 20,663. 17.68% increase in gross premium to TK.2.33 core in 2004 from TK. 98 core in 2003.
Group Insurance:
Total lives insured 93,453. 2.81% increase in gross premium to TK.6.21 core in 2004 from TK. 6.04 core in 2003.
Investments including Loans &Fixed deposits:
TK. 500.90 core at the end of 2004 including fixed deposits with banks. Income from these investments were TK.55.47 core.
Investments in the capital Market:
TK. 41.16 Core at cost price against market price of TK. 101.43 core.
Analysis of delta life Insurance Company Limited
Business Performance
| 2004 | 2003 | 2002 | 2001 | 2000 | |
| First Year Premium | 65.05 | 57.53 | 39.13 | 38.63 | 34.91 |
| Renewal Premium | 136.66 | 114.02 | 104.21 | 86.97 | 78.68 |
| Group Insurance Premium | 6.21 | 6.04 | 5.60 | 6.02 | 5.79 |
| Health Insurance Premium | 2.33 | 1.98 | 1.91 | 1.58 | 0.87 |
| Gross Premium | 210.25 | 179.57 | 150.85 | 133.20 | 120.25 |
| Investment Income
Claims |
56.22
37.81 |
40.04
32.97 |
31.87
29.18 |
24.07
23.66 |
17.63
19.17 |
| Management Expenses
a) Commission b) Admn. Expe |
51.66
31.31 |
47.86
28.53 |
30.49
28.01 |
27.28
27.25 |
26.46
26.28 |
| Assets
Life Fund |
744.04
680.83 |
604.35
541.22 |
487.98
434.38 |
394.19
342.75 |
315.04
267.03 |
| Claims to Premium(%)
Management Expe to Premium(%) |
17.98
39.46 |
18.36
42.55 |
19.34
38.78 |
17.76
4094 |
15.94
43.86 |
Business Growth
| 2004 | 2003 | 2002 | 2001 | 2000 | |
| Premium (in%) | 17.09 | 19.04 | 13.25 | 10.77 | 7.39 |
| Assets (in%) | 23.11 | 23.85 | 23.83 | 25.12 | 24.13 |
| Life Fund (in%) | 25.80 | 24.60 | 26.73 | 28.36 | 29.45 |
In this table I observe that Premium increase 10%&Assets decrease1%&Life Fund dicreas4% only. So, we can say that business growth rate is high that is show by the chart:
Ordinary division of Delta Life Insurance increases premium income from 61.55 to 125.45 in 2004.Another division of Delta Life Insurance is GN-GRB and it increases premium income from 52.04 to 76.26 2004. At last division of Delta Life Insurance is Group & Health and it increases premium income from 6.66 to 8.54 in 2004. So I can say that their premium income is highly developed day by day. From above, It seems that Delta Life Insurance’s business performance is very good.
Above this information we can say that, Gross insurance premium earned was TK. 210.25 crore an increase of 17.09%over insurance premium earned in 2003.The Life Fund increased to TK.680.83 crore in 2004 from TK.541.22 crore in 2003, an insurance of 25.80%. Growth of business is satisfactory and the financial health of the Company is very sound.
Conclusion:
After an extensive observation of all the information, I have arrived in conclusion, it can be said that in modern Insurance business “Delta life insurance Company Limited” is a well-known name.
Delta life insurance Company Limited is a new generation Insurance. It is committed to provide high quality financial services/products to contribute to the growth of GDP of the country through stimulating trade and commerce, creating employment opportunity for the educated youth, poverty alleviation, raising standard of living of limited income group and overall sustainable socio-economic development of the country.
Through it is a first Insurance, Delta makes a strong position through it’s varies activities. Its number of clients, investment money increases day by day. This Insurance already has shown impressive performance in investment.
Consumer are more or less satisfied with the present services of the Insurance now should think to start new services and take different types of marketing strategy to get more customers in this competition market of Insurance.
Recommendation:
As per earnest observation some recommendation for the improvement of the overall situation of Delta Life Insurance are given below:
- Delta life should introduced more innovative and modern customer service.
- Advertising and promotional activity should increased.
- The Insurance should consider the system of introducer and other lengthy procedure of opening and maintaining accounts.
- Delta life should increased computer at every table.
- Delta life should hired adequate employees so that they can easily perform office works.
- Delta life should employee movement from one department to another department for their increase of skill.
- Delta life should increased branch at various suitable places and every district level.
- The Insurance should ensure fare and quality recruitment process as well as proper training facilities for its recruited and existing employees; this will work in multiple ways to promote the overall performance of the Insurance.
- As the way of promotion the Insurance Company may carryout various social welfare activities through Delta life foundation.
- Long-term or yearly training very much required for the employees
Bibliography
Book:
Hossain Mokbul(2000) Advanced Insurance & Risk Management 2nd edition, Miti Diti Prakashoni.
Websites:
Internet: www.deltalife.org.com
Report/Prospectus:
Prospectus of Delta Life Insurance Co.Ltd.
Annual Report of Delta, year 2004