Internship Report

On
“Financial Product and Service of Alpha Islami Life
Insurance Limited”

Supervised By:
Lutfur Nahar Chowdhury
Lecturer, SBS
Department of Business Administration
Southeast University (SEU)

Prepared By:
Sabbir Ahmed
ID No.: 2017010000056
Programme: BBA
Batch: 45th
Major: Finance
Department of Business Administration
Southeast University (SEU)

Date of Submission: 16th January, 2024

 Internship Report
On
“Financial Product and Service of Alpha Islami Life
Insurance Limited”

Alpha Islami Life Insurance Limited

 Letter of Transmittal
Date:

Lutfur Nahar Chowdhury

Lecturer, SBS
Department of Business Administration
Southeast University (SEU)

Subject: Submission of Internship Report on “Financial Product and Service of

Alpha Islami Life Insurance Limited”.

Dear Sir,
This is my pleasure to submit my internship report “Financial Product and Service of
Alpha Islami Life Insurance Limited”. It was a great opportunity for me to acquire
knowledge and experience in respect of the functions, procedures, and operational
mechanism of a banking sector while working in Prime Bank PLC.

I believe that the knowledge and experience I have gathered during my analysis period
will immensely help me in my professional life.

I have concentrated my best efforts to achieve the objectives of the practical orientation
and hope that my endeavor will serve the purpose. However, I will always be happy to
welcome any further clarification that you may require.

Thanking You

Sincerely Yours

-----------------------------------------
Sabbir Ahmed
ID No.: 2017010000056
Programme: BBA
Batch: 45th
Major: Finance
Department of Business Administration
Southeast University (SEU)
 Student’s Declaration

I do hereby declare that this Internship Report entitled ““Financial Product and
Service of Alpha Islami Life Insurance Limited”. Submitted by me to Southeast
University (SEU) for the degree of Business Administration. This internship report was
carried out under the supervisions of Lutfur Nahar Chowdhury, Lecturer, SBS,
Department of Business Administration, Southeast University (SEU).

I also declare that this paper is my original worked and prepared for academic purpose
which is a part of BBA. The work as a whole or in part thereof has not been submitted in
any form for any other degree at anywhere.

-----------------------------------------
Sabbir Ahmed
ID No.: 2017010000056
Programme: BBA
Batch: 45th
Major: Finance
Department of Business Administration
Southeast University (SEU)
 Supervisor’s Declaration

This under report work the tittle “Financial Product and Service of Alpha Islami Life
Insurance Limited”. is prepared by Sabbir Ahmed, a student from the Southeast
University (SEU), ID No.: 2017010000056, Major: Finance, Department of Business
Administration as an integral part of Bachelor of Business Administration (BBA) degree.
He has completed preparing the report under my supervision and instruction. This report
supports the topic title and fulfils the entire requirements. Here, I accept the report as the
successful completion of internship report.

--------------------------------
Lutfur Nahar Chowdhury
Lecturer, SBS
Department of Business Administration
Southeast University (SEU)
 Acknowledgement

First, all praises go to the Almighty Allah, the most gracious, the most merciful, the most
kind & generous to man & his action. This internship report is “Financial Product and
Service of Alpha Islami Life Insurance Limited”. For preparing this report I’m
grateful to my organizations supervisor Shaif Islam, Director of First Security Islami
Bank PLC. He helped me a lot at the time of work by giving his tender hand time to
time.

I would like to convey my sincere gratitude to my university supervisor Lutfur Nahar

Chowdhury, Lecturer of Accountring, Department of Business Administration, Southeast
University (SEU). Without his guidance & assistance the report would not have been
seen & light of day.

Finally, my deep gratitude goes in favor of my university for getting library, lab facilities
& my teachers to enrich my knowledge, which helps me in different stages to complete
this report.
 Executive Summary

The Executive Summary of this internship report delves into a comprehensive

exploration of Alpha Islami Life Insurance Limited's financial products and services.
Over the course of the study, key facets of the company's operations have been
meticulously examined. This summary encapsulates the critical elements presented in
the subsequent chapters.

In the initial chapter, the report introduces the study, laying the foundation for
understanding the intricacies of Alpha Islami Life Insurance Limited's offerings.
Subsequently, the literature review in the second chapter broadens the perspective,
analyzing the insurance industry, life insurance trends, and the unique practices of
Islamic insurance (Takaful). The chapter also synthesizes insights from prior studies and
establishes the conceptual framework guiding this report.

Moving forward, the third chapter offers an in-depth overview of Alpha Islami Life
Insurance Limited. This section covers the company's background, mission, vision,
corporate values, and organizational structure. It provides a comprehensive
understanding of the context within which the financial products and services are
delivered.

The core of the report unfolds in the fourth chapter, presenting detailed findings and
analyses. The various sub-sections delve into the company's product portfolio, market
position, customer preferences and feedback, financial performance spanning the last
five years, regulatory compliance, and an exploration of challenges and opportunities.

The conclusive fifth chapter furnishes recommendations grounded in the study's insights.
This section aims to guide Alpha Islami Life Insurance Limited in enhancing its products
and services to navigate the dynamic market effectively. The report culminates with a
comprehensive summary, distilling the key takeaways and findings.

Stakeholders, both within and outside the company, will find this report to be a valuable
resource, providing a nuanced understanding of Alpha Islami Life Insurance Limited's
financial products and services..
 Table of Contents
Page No.:
Chapter-One: Introduction
1.1 Background of the Study
1.2 Origin of the study:
1.3 Significance of the Study
1.4 Objectives of the Study
1.5. Methodology of the Study
1.6. Limitations of the Study

Chapter-Two: Literature Review

2.1 Overview of Insurance Industry
2.2 Trends and Developments in Life Insurance
2.3 Islamic Insurance (Takaful) Practices
2.4 Previous Studies on Alpha Islami Life Insurance
2.5 Conceptual Framework

Chapter-Three: Organization Overview

3.1 Background of Alpha Islami Insurance Limited
3.2 Mission of Alpha Islami Insurance Limited
3.3 Vision of Alpha Islami Insurance Limited
3.4 Objective of Alpha Islami Insurance Limited
3.5 Board of Director
3.6 Top Management
3.7 Corporate Information
3.8 Corporate Values
3.8 SWOT Analysis of Alpha Islami Life Insurance Limited

Chapter-Four: Organization Overview

4.1 Overview of Alpha Islami Life Insurance Products
4.2 Market Position and Competition
4.3 Customer Preferences and Feedback
4.4 Financial Performance
4.5 Regulatory Compliance
4.6 Challenges and Opportunities

Chapter-Five: Recommendations and Conclusion

5.1 Recommendations
5.2 Conclusion
References