Eastern Insurance

What Eastern Insurance does

Eastern Insurance is a privately-held insurance provider headquartered in Dhaka, Bangladesh, established in 1986. According to its own short description, the company offers financial services across six insurance lines — fire, marine, accident, travel, motor, and health — to a Bangladesh-based customer base. The firm operates a web presence at easterninsurancebd.com, but the supplied data contains no further information on distribution channels, customer segments, pricing, headcount, leadership, ownership, technology stack, claims processes, or capital structure.

The source data attached to this record is heavily contaminated with material from unrelated businesses — namely GAS138 (a game top-up platform) and footlocker.id (an Indonesian footwear and apparel retailer) — as explicitly flagged within the dataset. The financial figures (revenues and earnings in the multi-trillion range across 2020–2024) are associated with these unrelated sources and cannot be attributed to Eastern Insurance. Consequently, no validated business model mechanics, premium volumes, claims ratios, or unit economics are supportable from the input; the description above is bounded strictly by the firmographic data provided.

Name

Eastern Insurance

Website

https://easterninsurancebd.com

Company type

Private

Founded year

1986

Headcount range

1–10 employees

Short description

Eastern Insurance is a Dhaka, Bangladesh-based private insurance provider, founded in 1986, offering fire, marine, accident, travel, motor, and health insurance services to Bangladesh customers.

Ownership category

akta.pro rank

Product category

General Insurance

NAICS

Direct Property and Casualty Insurance Carriers (524126), Insurance Carriers and Related Activities (524)

SIC

Fire, Marine & Casualty Insurance (6331)

akta.pro primary industry

Travel & Accident (Non-Life) Insurance (FSAJAMAN)

akta.pro secondary industry

Personal Auto Insurance (FSAJAMAA)

Keywords

• General insurance services
• Marine insurance
• Motor insurance
• Health insurance
• Travel insurance

Headquarters

HQ city

Dhaka

HQ country

Bangladesh

HQ region

Asia

Markets served

GTM type

B2C

Offering type

Services

Cost components

Operations, Personnel, Marketing or Sales, Others

Core offering

Eastern Insurance provides general insurance services including fire, marine, accident, travel, motor, and health insurance products to its customers. The company is headquartered in Dhaka, Bangladesh and was founded in 1986, operating as a private, for-profit insurance provider.

Product overview

GAS138 operates as an online game top-up platform integrated with a footwear and apparel retail store. The platform offers gamers quick, secure top-up services for various game titles including MOBA, battle royale, RPG, and simulation games, with bonus rewards on each transaction. The retail component offers footwear, clothing, and accessories across multiple brands such as Nike, Adidas, New Balance, Puma, Converse, Crocs, Under Armour, and others for men, women, and children.

Differentiator

Problem solved

Functional benefit

Products and services

• Fire Insurance

Ideal customer profiles1 record

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Recent moves1 record

Expansion highlights1 record

Broad incumbents

• Jiban Bima Corporation: State-owned Bangladesh general insurer providing fire, marine, motor, and accident coverage. Comparable product scope but with sovereign backing that gives it a structural cost-of-capital advantage over private peers.
• Sadharan Bima Corporation: State-owned national reinsurer and direct insurer in Bangladesh. Operates across all major non-life lines and effectively sets reinsurance terms that shape the market for private players like Eastern Insurance.

Direct peers

• Reliance Insurance Limited: Bangladesh general insurer offering fire, marine, motor, and engineering coverage. Closely comparable non-life product portfolio and Dhaka-headquartered operations.
• Pragati Insurance Limited: Bangladesh general insurer with fire, marine, motor, and accident lines, serving both retail and corporate segments. Same regulatory environment and customer base as Eastern Insurance.
• Nitol Insurance: Bangladesh general insurer with a comparable Dhaka footprint and product mix spanning motor, fire, marine, and accident lines.
• Asia Pacific General Insurance: Bangladesh-based general insurer offering fire, marine, motor, and miscellaneous accident policies to retail and commercial clients. Similar mid-tier positioning in the local non-life market.
• Pioneer Insurance Company: Bangladesh-based general insurer providing fire, marine, motor, and miscellaneous accident insurance with similar multi-line retail and corporate distribution.
• Green Delta Insurance: One of Bangladesh's largest listed general insurers offering fire, marine, motor, accident, and health coverage to individuals and corporates. Directly comparable multi-line non-life carrier serving the same Bangladesh market.

Market position

Weaknesses4 records

Competitive moat1 record

Key risks4 records

Key highlights4 records

Customer concentration

• Facebookfacebook.com/easternisurance
• LinkedInlinkedin.com/company/eastern-insurance-co-ltd

Revenue estimate

Valuation estimate

Number of profiles

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Eastern Insurance