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Business Target



Business Target (2004-2010)

During the last five years JBC’s growth rate fell down substantially. An aggressive plan is urgent to keep the organization in profitable track. To achieve the above objective, JBC has planned to make extensive future business plan in the following areas stipulating new business target and increasing number of clients at the proposed growth rate of11% annually.

First Year Premium Income:

From 1973 to 2002, the First Year Premium growth rate was 12.6%. JBC plans to increase such premium income from TK. 582.6 million to TK. 1342.6 million by the year 2010. In 2002, JBC’s First Year Premium Income was TK. 582.6 million.

Renewal Premium Income:

From 1973 to 2002, the Renewal Premium growth rate was 12.7%. JBC plans to increase such income from TK. 1124.5 million to TK. 2591.4 million by the year 2010. In 2002, JBC’s Renewal Premium Income was TK. 1124.5 million.

Group Premium Income:

From 1973 to 2002, the Group Premium growth rate was 12.7%. JBC plans to increase such income from TK. 91.0 million to TK. 209.71 million by the year 2010. In 2002, JBC’s Group Premium Income was TK. 91.0 Million.

Life Fund:

From 1973 to 2002, the Life Fund growth rate was 12%. JBC plans to increase this fund from TK. 5773.5 million to TK. 13245.3 million by the year 2010. In 2002, JBC’s Life Fund was TK. 5773.5 million.

(Tk. In Million)
Serial
No.
 
Categories Year
2002 2003 2004 2005 2006 2007 2008 2009 2010
1 1stYear Premium 582.6 646.6 717.8 796.7 884.4 981.7 1089.7 1209.5 1342.6
2 Renewal Premium 1124.5 1248.2 1385.5 1537.9 1707.1 1894.8 2103.3 2334.6 2591.4
3 Group Premium 91.0 101.01 112.12 124.45 138.14 153.34 170.21 188.93 209.71
4 Total Premium 1798.1 1995.8 2215.4 2459.1 2729.6 3029.9 3363.2 3733.1 4143.7
5 Investment Income 385.1 427.4 474.5 526.6 584.6 648.9 720.3 799.5 887.5
6 Life fund 5773.5 6379.7 7048.5 7860.4 8725.1 9684.8 10750 11932.7 13245.3

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